Calumet Specialty Products Partners, L.P (CLMT) Shares Bought by Adams Asset Advisors LLC

Adams Asset Advisors LLC increased its holdings in Calumet Specialty Products Partners, L.P (NASDAQ:CLMT) by 71.1% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,399,880 shares of the oil and gas company’s stock after buying an additional 581,900 shares during the quarter. Calumet Specialty Products Partners, L.P comprises 1.5% of Adams Asset Advisors LLC’s portfolio, making the stock its 3rd largest holding. Adams Asset Advisors LLC owned about 1.82% of Calumet Specialty Products Partners, L.P worth $12,117,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of CLMT. Investment Centers of America Inc. boosted its stake in Calumet Specialty Products Partners, L.P by 1.2% during the 2nd quarter. Investment Centers of America Inc. now owns 23,984 shares of the oil and gas company’s stock valued at $103,000 after purchasing an additional 292 shares in the last quarter. Westwood Holdings Group Inc. bought a new position in Calumet Specialty Products Partners, L.P during the 2nd quarter valued at $110,000. Jane Street Group LLC bought a new position in Calumet Specialty Products Partners, L.P during the 3rd quarter valued at $145,000. JPMorgan Chase & Co. boosted its stake in Calumet Specialty Products Partners, L.P by 350.0% during the 2nd quarter. JPMorgan Chase & Co. now owns 36,000 shares of the oil and gas company’s stock valued at $154,000 after purchasing an additional 28,000 shares in the last quarter. Finally, Virtu KCG Holdings LLC boosted its stake in Calumet Specialty Products Partners, L.P by 6.6% during the 2nd quarter. Virtu KCG Holdings LLC now owns 47,580 shares of the oil and gas company’s stock valued at $202,000 after purchasing an additional 2,931 shares in the last quarter. 13.80% of the stock is owned by institutional investors and hedge funds.

A number of brokerages have issued reports on CLMT. Zacks Investment Research lowered Calumet Specialty Products Partners, L.P from a “buy” rating to a “hold” rating in a research note on Wednesday, October 4th. Wells Fargo & Co increased their price target on Calumet Specialty Products Partners, L.P from $7.00 to $10.00 and gave the company an “outperform” rating in a research note on Friday, September 29th. They noted that the move was a valuation call. Cowen reaffirmed a “hold” rating and set a $5.00 price target on shares of Calumet Specialty Products Partners, L.P in a research note on Tuesday, October 17th. Finally, BidaskClub lowered Calumet Specialty Products Partners, L.P from a “hold” rating to a “sell” rating in a research note on Thursday. Two research analysts have rated the stock with a sell rating, six have assigned a hold rating and one has issued a buy rating to the company. The company has a consensus rating of “Hold” and an average target price of $6.29.

Calumet Specialty Products Partners, L.P (CLMT) traded up $0.33 on Thursday, hitting $7.70. The stock had a trading volume of 465,854 shares, compared to its average volume of 469,422. The company has a market cap of $590.82, a price-to-earnings ratio of -6.11 and a beta of 1.23. The company has a current ratio of 1.36, a quick ratio of 0.83 and a debt-to-equity ratio of 10.67. Calumet Specialty Products Partners, L.P has a 1-year low of $3.40 and a 1-year high of $9.95.

Calumet Specialty Products Partners, L.P (NASDAQ:CLMT) last released its quarterly earnings data on Thursday, December 28th. The oil and gas company reported ($0.30) earnings per share for the quarter, missing the consensus estimate of $0.25 by ($0.55). The company had revenue of $1.10 billion for the quarter, compared to the consensus estimate of $1 billion. Calumet Specialty Products Partners, L.P had a negative return on equity of 48.84% and a negative net margin of 2.47%. equities research analysts expect that Calumet Specialty Products Partners, L.P will post -0.51 EPS for the current fiscal year.

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Calumet Specialty Products Partners, L.P Profile

Calumet Specialty Products Partners, L.P. is a producer of specialty hydrocarbon products in North America. The Company operates through three segments: specialty products, fuel products and oilfield services. 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.

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

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