Calumet Specialty Products Partners, L.P (NASDAQ:CLMT) EVP A Anderson William bought 14,500 shares of the firm’s stock in a transaction on Monday, November 7th. The stock was purchased at an average price of $3.40 per share, with a total value of $49,300.00. Following the completion of the acquisition, the executive vice president now owns 39,892 shares of the company’s stock, valued at $135,632.80. The purchase was disclosed in a filing with the SEC, which is available through this link.

Shares of Calumet Specialty Products Partners, L.P (NASDAQ:CLMT) opened at 4.10 on Friday. Calumet Specialty Products Partners, L.P has a 1-year low of $2.79 and a 1-year high of $26.75. The firm’s market capitalization is $313.12 million. The company has a 50-day moving average price of $4.04 and a 200 day moving average price of $4.63.

Calumet Specialty Products Partners, L.P (NASDAQ:CLMT) last announced its earnings results on Thursday, November 3rd. The company reported ($0.42) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.10) by $0.32. The firm earned $966 million during the quarter, compared to analysts’ expectations of $898.98 million. On average, equities research analysts predict that Calumet Specialty Products Partners, L.P will post ($3.45) EPS for the current year.

Insider Buying and Selling by Quarter for Calumet Specialty Products Partners, L.P (NASDAQ:CLMT)

Hedge funds and other institutional investors have recently made changes to their positions in the company. Rovida Advisors Inc. raised its position in shares of Calumet Specialty Products Partners, L.P by 25.1% in the third quarter. Rovida Advisors Inc. now owns 1,095,040 shares of the company’s stock valued at $4,950,000 after buying an additional 220,040 shares in the last quarter. Berson & Corrado Investment Advisors LLC raised its position in shares of Calumet Specialty Products Partners, L.P by 377.4% in the third quarter. Berson & Corrado Investment Advisors LLC now owns 184,645 shares of the company’s stock valued at $833,000 after buying an additional 145,970 shares in the last quarter. KCG Holdings Inc. raised its position in shares of Calumet Specialty Products Partners, L.P by 925.6% in the third quarter. KCG Holdings Inc. now owns 143,196 shares of the company’s stock valued at $646,000 after buying an additional 129,234 shares in the last quarter. Ameriprise Financial Inc. raised its position in shares of Calumet Specialty Products Partners, L.P by 483.2% in the second quarter. Ameriprise Financial Inc. now owns 120,463 shares of the company’s stock valued at $592,000 after buying an additional 99,809 shares in the last quarter. Finally, Arrow Investment Advisors LLC raised its position in shares of Calumet Specialty Products Partners, L.P by 156.6% in the third quarter. Arrow Investment Advisors LLC now owns 148,633 shares of the company’s stock valued at $670,000 after buying an additional 90,712 shares in the last quarter.

A number of research analysts recently issued reports on the company. Zacks Investment Research raised Calumet Specialty Products Partners, L.P from a “hold” rating to a “buy” rating and set a $4.25 price target for the company in a report on Friday, October 14th. FBR & Co initiated coverage on Calumet Specialty Products Partners, L.P in a research note on Friday, September 9th. They issued a “market perform” rating and a $6.00 price target for the company. DA Davidson reaffirmed a “neutral” rating on shares of Calumet Specialty Products Partners, L.P in a research note on Monday, September 19th. Finally, Credit Suisse Group AG upgraded Calumet Specialty Products Partners, L.P from an “underperform” rating to a “neutral” rating and set a $5.00 price objective for the company in a research report on Friday, November 4th. Four investment analysts have rated the stock with a sell rating and twelve have assigned a hold rating to the stock. The stock has a consensus rating of “Hold” and a consensus target price of $9.88.

About Calumet Specialty Products Partners, L.P

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.

5 Day Chart for NASDAQ:CLMT

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