J.W. Cole Advisors Inc. Grows Stock Holdings in Calumet Specialty Products Partners, L.P. (NASDAQ:CLMT)

J.W. Cole Advisors Inc. raised its position in shares of Calumet Specialty Products Partners, L.P. (NASDAQ:CLMT) by 23.4% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 19,750 shares of the oil and gas company’s stock after buying an additional 3,750 shares during the period. J.W. Cole Advisors Inc.’s holdings in Calumet Specialty Products Partners were worth $353,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also modified their holdings of CLMT. AE Wealth Management LLC purchased a new position in shares of Calumet Specialty Products Partners during the third quarter worth $279,000. FAS Wealth Partners Inc. purchased a new position in Calumet Specialty Products Partners in the third quarter valued at $766,000. Raymond James & Associates boosted its holdings in Calumet Specialty Products Partners by 8.9% in the third quarter. Raymond James & Associates now owns 325,667 shares of the oil and gas company’s stock valued at $6,220,000 after purchasing an additional 26,585 shares during the period. Raymond James Financial Services Advisors Inc. boosted its holdings in Calumet Specialty Products Partners by 34.6% in the third quarter. Raymond James Financial Services Advisors Inc. now owns 19,831 shares of the oil and gas company’s stock valued at $379,000 after purchasing an additional 5,100 shares during the period. Finally, Barclays PLC boosted its holdings in Calumet Specialty Products Partners by 38.1% in the third quarter. Barclays PLC now owns 200,870 shares of the oil and gas company’s stock valued at $3,837,000 after purchasing an additional 55,370 shares during the period. 34.41% of the stock is currently owned by hedge funds and other institutional investors.

Calumet Specialty Products Partners Price Performance

Shares of NASDAQ CLMT opened at $15.58 on Thursday. The company has a market capitalization of $1.25 billion, a price-to-earnings ratio of 19.72 and a beta of 1.76. The business has a 50-day moving average of $15.38 and a two-hundred day moving average of $15.94. Calumet Specialty Products Partners, L.P. has a 1 year low of $11.91 and a 1 year high of $19.91.

Calumet Specialty Products Partners (NASDAQ:CLMT) last announced its quarterly earnings results on Friday, February 23rd. The oil and gas company reported ($0.59) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.19) by ($0.40). The business had revenue of $976.50 million during the quarter, compared to the consensus estimate of $856.71 million. During the same period last year, the business earned ($0.21) earnings per share. Calumet Specialty Products Partners’s revenue was down 2.3% compared to the same quarter last year. As a group, equities research analysts expect that Calumet Specialty Products Partners, L.P. will post -0.52 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on the company. StockNews.com assumed coverage on Calumet Specialty Products Partners in a report on Monday. They issued a “hold” rating for the company. HC Wainwright reiterated a “buy” rating and issued a $25.00 target price on shares of Calumet Specialty Products Partners in a report on Monday. Finally, The Goldman Sachs Group decreased their price target on Calumet Specialty Products Partners from $19.00 to $17.00 and set a “buy” rating for the company in a report on Thursday, March 21st.

Calumet Specialty Products Partners Profile

Calumet Specialty Products Partners, L.P. manufactures, formulates, and markets a diversified slate of specialty branded products and renewable fuels to various consumer-facing and industrial markets in North America and internationally. It operates through Specialty Products and Solutions; Performance brands; Montana/Renewables; and Corporate segments.