Cerity Partners LLC Invests $393,000 in Calumet Specialty Products Partners, L.P. (NASDAQ:CLMT)

Cerity Partners LLC purchased a new stake in shares of Calumet Specialty Products Partners, L.P. (NASDAQ:CLMT) during the 4th quarter, according to its most recent filing with the SEC. The institutional investor purchased 22,000 shares of the oil and gas company’s stock, valued at approximately $393,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Atria Wealth Solutions Inc. boosted its stake in shares of Calumet Specialty Products Partners by 2.9% during the third quarter. Atria Wealth Solutions Inc. now owns 36,000 shares of the oil and gas company’s stock valued at $688,000 after purchasing an additional 1,000 shares during the period. Raymond James Financial Services Advisors Inc. grew its stake in Calumet Specialty Products Partners by 34.6% in the 3rd quarter. Raymond James Financial Services Advisors Inc. now owns 19,831 shares of the oil and gas company’s stock worth $379,000 after acquiring an additional 5,100 shares in the last quarter. Advisor Resource Council purchased a new position in shares of Calumet Specialty Products Partners during the fourth quarter worth approximately $216,000. AE Wealth Management LLC bought a new stake in shares of Calumet Specialty Products Partners during the third quarter valued at approximately $279,000. Finally, FAS Wealth Partners Inc. boosted its holdings in shares of Calumet Specialty Products Partners by 36.8% in the fourth quarter. FAS Wealth Partners Inc. now owns 54,868 shares of the oil and gas company’s stock valued at $980,000 after purchasing an additional 14,770 shares during the period. 34.41% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research firms have commented on CLMT. StockNews.com assumed coverage on Calumet Specialty Products Partners in a report on Monday, April 22nd. They set a “hold” rating on the stock. The Goldman Sachs Group cut their price target on Calumet Specialty Products Partners from $19.00 to $17.00 and set a “buy” rating on the stock in a research note on Thursday, March 21st. Finally, HC Wainwright reaffirmed a “buy” rating and issued a $25.00 price objective on shares of Calumet Specialty Products Partners in a research note on Monday, April 22nd.

Calumet Specialty Products Partners Stock Down 1.0 %

Calumet Specialty Products Partners stock opened at $15.52 on Friday. The firm has a market cap of $1.25 billion, a P/E ratio of 19.65 and a beta of 1.76. The business has a fifty day moving average of $15.31 and a two-hundred day moving average of $15.94. Calumet Specialty Products Partners, L.P. has a twelve month low of $11.91 and a twelve month high of $19.91.

Calumet Specialty Products Partners (NASDAQ:CLMT) last issued its quarterly earnings data on Friday, February 23rd. The oil and gas company reported ($0.59) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.19) by ($0.40). The company had revenue of $976.50 million during the quarter, compared to analysts’ expectations of $856.71 million. During the same period in the prior year, the business earned ($0.21) EPS. Calumet Specialty Products Partners’s revenue was down 2.3% compared to the same quarter last year. Equities analysts expect that Calumet Specialty Products Partners, L.P. will post -0.69 earnings per share for the current year.

About Calumet Specialty Products Partners

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.