Calumet Specialty Products Partners, L.P (NASDAQ:CLMT) shares were up 5% during trading on Monday after an insider bought additional shares in the company. The stock traded as high as $4.25 and last traded at $4.20, with a volume of 745,573 shares changing hands. The stock had previously closed at $4.00.

Specifically, EVP Bruce A. Fleming acquired 57,999 shares of Calumet Specialty Products Partners, L.P stock in a transaction dated Tuesday, November 8th. The shares were purchased at an average price of $3.39 per share, for a total transaction of $196,616.61. Following the completion of the transaction, the executive vice president now directly owns 142,999 shares in the company, valued at approximately $484,766.61. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP A Anderson William acquired 14,500 shares of Calumet Specialty Products Partners, L.P stock in a transaction dated Monday, November 7th. The shares were bought at an average price of $3.40 per share, for a total transaction of $49,300.00. Following the transaction, the executive vice president now owns 39,892 shares of the company’s stock, valued at $135,632.80. The disclosure for this purchase can be found here.

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

The company has a 50-day moving average of $3.96 and a 200-day moving average of $4.61.

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 for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.10) by $0.32. The firm earned $966 million during the quarter, compared to analyst estimates of $898.98 million. On average, equities analysts forecast that Calumet Specialty Products Partners, L.P will post ($3.52) EPS for the current fiscal year.

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Commonwealth Equity Services Inc increased its position in shares of Calumet Specialty Products Partners, L.P by 11.7% in the second quarter. Commonwealth Equity Services Inc now owns 21,643 shares of the company’s stock valued at $106,000 after buying an additional 2,274 shares during the last quarter. Janney Montgomery Scott LLC increased its position in shares of Calumet Specialty Products Partners, L.P by 49.3% in the second quarter. Janney Montgomery Scott LLC now owns 25,294 shares of the company’s stock valued at $305,000 after buying an additional 8,351 shares during the last quarter. IFP Advisors Inc increased its position in shares of Calumet Specialty Products Partners, L.P by 19.8% in the second quarter. IFP Advisors Inc now owns 29,155 shares of the company’s stock valued at $143,000 after buying an additional 4,816 shares during the last quarter. Fifth Third Bancorp increased its position in shares of Calumet Specialty Products Partners, L.P by 2.5% in the second quarter. Fifth Third Bancorp now owns 31,050 shares of the company’s stock valued at $152,000 after buying an additional 750 shares during the last quarter. Finally, Creative Planning increased its position in shares of Calumet Specialty Products Partners, L.P by 27.1% in the second quarter. Creative Planning now owns 33,956 shares of the company’s stock valued at $166,000 after buying an additional 7,250 shares during the last quarter.

Calumet Specialty Products Partners, L.P Company Profile

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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