Shares of Calumet Specialty Products Partners, L.P (NASDAQ:CLMT) were up 2% on Tuesday . The company traded as high as $4.65 and last traded at $4.59, with a volume of 132,892 shares trading hands. The stock had previously closed at $4.50.

A number of analysts have recently weighed in on CLMT shares. Drexel Hamilton started coverage on Calumet Specialty Products Partners, L.P in a research note on Wednesday, April 6th. They set a “hold” rating and a $16.00 price objective for the company. Zacks Investment Research raised Calumet Specialty Products Partners, L.P from a “strong sell” rating to a “hold” rating in a research note on Thursday, March 24th. Royal Bank Of Canada dropped their price objective on Calumet Specialty Products Partners, L.P from $7.00 to $5.00 and set a “sector perform” rating for the company in a research note on Friday, May 6th. Cowen and Company dropped their price objective on Calumet Specialty Products Partners, L.P from $23.00 to $10.00 and set a “market perform” rating for the company in a research note on Monday, April 18th. Finally, Howard Weil lowered Calumet Specialty Products Partners, L.P to an “underperform” rating in a research note on Tuesday, April 19th. Five investment analysts have rated the stock with a sell rating and eleven have assigned a hold rating to the company. The stock currently has a consensus rating of “Hold” and an average target price of $10.71.

The firm’s market capitalization is $378.79 million. The company’s 50-day moving average price is $4.78 and its 200 day moving average price is $9.21.

Calumet Specialty Products Partners, L.P (NASDAQ:CLMT) last issued its earnings results on Thursday, May 5th. The company reported ($0.87) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.83) by $0.04. Analysts expect that Calumet Specialty Products Partners, L.P will post ($1.73) EPS for the current year.

In other Calumet Specialty Products Partners, L.P news, CEO Timothy Go bought 25,000 shares of the firm’s stock in a transaction that occurred on Thursday, May 12th. The shares were bought at an average price of $3.82 per share, with a total value of $95,500.00. Following the purchase, the chief executive officer now owns 27,607 shares of the company’s stock, valued at $105,458.74. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP A Anderson William bought 10,000 shares of the firm’s stock in a transaction that occurred on Monday, May 9th. The shares were acquired at an average cost of $4.07 per share, for a total transaction of $40,700.00. Following the purchase, the executive vice president now directly owns 25,392 shares in the company, valued at approximately $103,345.44. The disclosure for this purchase can be found here.

A number of hedge funds have modified their holdings of the stock. Marshall Wace LLP acquired a new stake in shares of Calumet Specialty Products Partners, L.P during the fourth quarter valued at about $4,173,000. Morgan Stanley increased its stake in shares of Calumet Specialty Products Partners, L.P by 51.9% in the fourth quarter. Morgan Stanley now owns 860,510 shares of the company’s stock valued at $17,133,000 after buying an additional 293,839 shares during the period. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its stake in shares of Calumet Specialty Products Partners, L.P by 212.4% in the fourth quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 120,664 shares of the company’s stock valued at $2,402,000 after buying an additional 82,035 shares during the period.

Calumet Specialty Products Partners, L.P. (Calumet) is a producer of specialty hydrocarbon products in North America. The Company’s segments include specialty products, fuel products and oilfield services. In its specialty products segment, it processes crude oil and other feedstocks into a range of customized lubricating oils, white mineral oils, solvents, petrolatums and waxes.

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