Calumet Specialty Products Partners, L.P (CLMT) Position Reduced by Raymond James & Associates

Raymond James & Associates reduced its holdings in shares of Calumet Specialty Products Partners, L.P (NASDAQ:CLMT) by 38.7% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 16,999 shares of the oil and gas company’s stock after selling 10,748 shares during the quarter. Raymond James & Associates’ holdings in Calumet Specialty Products Partners, L.P were worth $38,000 as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of CLMT. Wiley BROS. Aintree Capital LLC purchased a new stake in Calumet Specialty Products Partners, L.P in the fourth quarter worth $56,000. Wedbush Securities Inc. purchased a new stake in Calumet Specialty Products Partners, L.P in the fourth quarter worth $77,000. Credit Suisse AG increased its position in Calumet Specialty Products Partners, L.P by 485.6% in the third quarter. Credit Suisse AG now owns 79,121 shares of the oil and gas company’s stock worth $507,000 after buying an additional 65,609 shares during the last quarter. JPMorgan Chase & Co. increased its position in Calumet Specialty Products Partners, L.P by 22.1% in the third quarter. JPMorgan Chase & Co. now owns 100,134 shares of the oil and gas company’s stock worth $641,000 after buying an additional 18,134 shares during the last quarter. Finally, Windsor Group LTD increased its position in Calumet Specialty Products Partners, L.P by 1.2% in the fourth quarter. Windsor Group LTD now owns 455,429 shares of the oil and gas company’s stock worth $1,006,000 after buying an additional 5,208 shares during the last quarter. Institutional investors and hedge funds own 15.13% of the company’s stock.

A number of analysts have issued reports on the company. Zacks Investment Research downgraded Calumet Specialty Products Partners, L.P from a “buy” rating to a “hold” rating in a research report on Thursday, April 4th. BidaskClub raised Calumet Specialty Products Partners, L.P from a “sell” rating to a “hold” rating in a research report on Tuesday, January 15th. Finally, ValuEngine downgraded Calumet Specialty Products Partners, L.P from a “hold” rating to a “sell” rating in a research report on Saturday, March 9th.

NASDAQ:CLMT opened at $3.63 on Friday. The company has a debt-to-equity ratio of 30.26, a current ratio of 1.61 and a quick ratio of 0.93. Calumet Specialty Products Partners, L.P has a 1 year low of $1.99 and a 1 year high of $8.75. The firm has a market capitalization of $281.21 million, a price-to-earnings ratio of 7.12 and a beta of 2.36.

Calumet Specialty Products Partners, L.P (NASDAQ:CLMT) last released its earnings results on Thursday, March 7th. The oil and gas company reported $0.23 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.14 by $0.09. The business had revenue of $848.00 million during the quarter, compared to the consensus estimate of $716.03 million. Calumet Specialty Products Partners, L.P had a positive return on equity of 65.97% and a negative net margin of 1.56%. On average, equities research analysts predict that Calumet Specialty Products Partners, L.P will post -0.34 EPS for the current fiscal year.

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About Calumet Specialty Products Partners, L.P

Calumet Specialty Products Partners, L.P. produces and sells specialty hydrocarbon products in North America and internationally. It operates in two segments, Specialty Products and Fuel Products. The Specialty Products segment offers various lubricating oils, white mineral oils, solvents, petrolatums, waxes, synthetic lubricants, and other products which are used primarily as raw material components for basic automotive, industrial, and consumer goods.

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Institutional Ownership by Quarter for Calumet Specialty Products Partners, L.P (NASDAQ:CLMT)

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