Shares of Calumet Specialty Products Partners, L.P (NASDAQ:CLMT) fell 4.5% during mid-day trading on Monday . The company traded as low as $4.50 and last traded at $4.50, with a volume of 341,521 shares trading hands. The stock had previously closed at $4.71.

A number of equities analysts recently commented on CLMT shares. Credit Suisse Group AG downgraded shares of Calumet Specialty Products Partners, L.P from an “outperform” rating to an “underperform” rating and reduced their price objective for the stock from $32.00 to $11.00 in a research note on Monday, April 11th. Drexel Hamilton reissued a “hold” rating and issued a $16.00 price objective on shares of Calumet Specialty Products Partners, L.P in a research note on Tuesday, April 12th. Howard Weil reduced their price objective on shares of Calumet Specialty Products Partners, L.P from $19.00 to $5.00 and set a “sector underperform” rating for the company in a research note on Monday, April 18th. Janney Montgomery Scott downgraded shares of Calumet Specialty Products Partners, L.P from a “buy” rating to a “neutral” rating and reduced their price objective for the stock from $17.00 to $8.00 in a research note on Monday, April 18th. Finally, Raymond James Financial Inc. downgraded shares of Calumet Specialty Products Partners, L.P from a “market perform” rating to an “underperform” rating in a research note on Monday, April 18th. Five research analysts have rated the stock with a sell rating and eleven have issued a hold rating to the stock. The stock has a consensus rating of “Hold” and an average target price of $10.71.

The company’s market cap is $342.28 million. The firm’s 50 day moving average price is $4.77 and its 200 day moving average price is $8.34.

Calumet Specialty Products Partners, L.P (NASDAQ:CLMT) last posted its quarterly earnings data on Thursday, May 5th. The company reported ($0.87) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.83) by $0.04. On average, equities research analysts predict that Calumet Specialty Products Partners, L.P will post ($1.73) EPS for the current fiscal year.

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

A hedge fund recently bought a new stake in Calumet Specialty Products Partners, L.P stock. Marshall Wace LLP acquired a new position in shares of Calumet Specialty Products Partners, L.P (NASDAQ:CLMT) during the fourth quarter, according to its most recent filing with the SEC. The institutional investor acquired 209,614 shares of the company’s stock, valued at approximately $4,173,000. Marshall Wace LLP owned 0.28% of Calumet Specialty Products Partners, L.P at the end of the most recent quarter.

Calumet Specialty Products Partners, L.P. is a producer of specialty hydrocarbon products. The Company operates through three segments. In its specialty products segment, the Company processes crude oil and other feedstocks into a range of customized lubricating oils, white mineral oils, solvents, petrolatums and waxes.

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