Shares of Calumet Specialty Products Partners, L.P (NASDAQ:CLMT) were down 2.2% during trading on Friday . The stock traded as low as $4.80 and last traded at $4.86, with a volume of 296,598 shares changing hands. The stock had previously closed at $4.97.

Several analysts recently commented on CLMT shares. Ladenburg Thalmann cut Calumet Specialty Products Partners, L.P from a “buy” rating to a “neutral” rating and lowered their target price for the company from $27.00 to $11.00 in a research report on Friday, April 22nd. Credit Suisse Group AG raised their target price on Calumet Specialty Products Partners, L.P from $6.00 to $11.00 and gave the company an “underperform” rating in a research report on Monday, April 25th. Zacks Investment Research upgraded Calumet Specialty Products Partners, L.P from a “strong sell” rating to a “hold” rating in a research report on Tuesday, June 28th. Royal Bank Of Canada cut Calumet Specialty Products Partners, L.P from an “outperform” rating to a “sector perform” rating and lowered their price target for the company from $22.00 to $7.00 in a research report on Monday, April 18th. Finally, Howard Weil lowered their price target on Calumet Specialty Products Partners, L.P from $19.00 to $5.00 and set a “sector underperform” rating on the stock in a research report on Monday, April 18th. Five analysts have rated the stock with a sell rating and eleven have assigned a hold rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $10.71.

The company’s market capitalization is $368.91 million. The firm has a 50 day moving average of $4.81 and a 200-day moving average of $9.07.

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 Zacks’ consensus estimate of ($0.83) by $0.04. On average, equities research analysts anticipate that Calumet Specialty Products Partners, L.P will post ($1.73) earnings per share for the current year.

In related news, CEO Timothy Go bought 25,000 shares of the company’s stock in a transaction dated Thursday, May 12th. The stock was acquired at an average cost of $3.82 per share, with a total value of $95,500.00. Following the acquisition, the chief executive officer now owns 27,607 shares in the company, valued at approximately $105,458.74. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Stephen P. Mawer bought 11,000 shares of the company’s stock in a transaction dated Wednesday, May 18th. The stock was bought at an average cost of $3.68 per share, with a total value of $40,480.00. Following the completion of the acquisition, the director now owns 5,025 shares in the company, valued at approximately $18,492. The disclosure for this purchase can be found here.

Several institutional investors recently modified their holdings of CLMT. Marshall Wace LLP bought a new position in shares of Calumet Specialty Products Partners, L.P during the fourth quarter worth about $4,173,000. Morgan Stanley boosted its position 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 worth $17,133,000 after buying an additional 293,839 shares during the last quarter. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its position 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 worth $2,402,000 after buying an additional 82,035 shares during the last quarter.

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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