Calumet Specialty Products Partners, L.P (CLMT) CFO Purchases $22,187.52 in Stock

Calumet Specialty Products Partners, L.P (NASDAQ:CLMT) CFO David West Griffin acquired 3,456 shares of the stock in a transaction that occurred on Monday, September 17th. The stock was acquired at an average price of $6.42 per share, for a total transaction of $22,187.52. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

David West Griffin also recently made the following trade(s):

  • On Thursday, September 13th, David West Griffin acquired 7,000 shares of Calumet Specialty Products Partners, L.P stock. The stock was acquired at an average price of $6.55 per share, for a total transaction of $45,850.00.
  • On Monday, September 10th, David West Griffin acquired 400 shares of Calumet Specialty Products Partners, L.P stock. The stock was acquired at an average price of $6.90 per share, for a total transaction of $2,760.00.
  • On Friday, September 7th, David West Griffin acquired 10,599 shares of Calumet Specialty Products Partners, L.P stock. The stock was acquired at an average price of $6.36 per share, for a total transaction of $67,409.64.
  • On Wednesday, September 5th, David West Griffin acquired 11,000 shares of Calumet Specialty Products Partners, L.P stock. The stock was acquired at an average price of $6.57 per share, for a total transaction of $72,270.00.
  • On Wednesday, August 15th, David West Griffin acquired 5,000 shares of Calumet Specialty Products Partners, L.P stock. The stock was acquired at an average price of $6.70 per share, for a total transaction of $33,500.00.

NASDAQ CLMT traded down $0.05 during trading hours on Monday, reaching $6.40. 204,700 shares of the stock traded hands, compared to its average volume of 281,779. Calumet Specialty Products Partners, L.P has a 1 year low of $6.10 and a 1 year high of $9.95. The company has a quick ratio of 0.75, a current ratio of 1.45 and a debt-to-equity ratio of 29.68. The company has a market capitalization of $526.20 million, a price-to-earnings ratio of -11.29 and a beta of 1.28.

Calumet Specialty Products Partners, L.P (NASDAQ:CLMT) last released its quarterly earnings results on Thursday, August 9th. The oil and gas company reported $0.09 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.08 by $0.01. Calumet Specialty Products Partners, L.P had a negative return on equity of 45.02% and a negative net margin of 3.94%. The business had revenue of $945.50 million for the quarter, compared to the consensus estimate of $829.99 million. equities analysts expect that Calumet Specialty Products Partners, L.P will post -0.25 earnings per share for the current fiscal year.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Barnett & Company Inc. raised its position in Calumet Specialty Products Partners, L.P by 18.5% during the second quarter. Barnett & Company Inc. now owns 248,300 shares of the oil and gas company’s stock valued at $1,850,000 after purchasing an additional 38,800 shares in the last quarter. Sumitomo Mitsui Trust Holdings Inc. raised its position in Calumet Specialty Products Partners, L.P by 87.0% during the second quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 43,000 shares of the oil and gas company’s stock valued at $320,000 after purchasing an additional 20,000 shares in the last quarter. Knott David M purchased a new stake in Calumet Specialty Products Partners, L.P during the first quarter valued at about $6,666,000. UBS Group AG raised its position in Calumet Specialty Products Partners, L.P by 34.8% during the first quarter. UBS Group AG now owns 211,856 shares of the oil and gas company’s stock valued at $1,494,000 after purchasing an additional 54,659 shares in the last quarter. Finally, GSA Capital Partners LLP raised its position in Calumet Specialty Products Partners, L.P by 6.4% during the second quarter. GSA Capital Partners LLP now owns 275,212 shares of the oil and gas company’s stock valued at $2,050,000 after purchasing an additional 16,656 shares in the last quarter. Institutional investors and hedge funds own 13.96% of the company’s stock.

CLMT has been the topic of a number of recent analyst reports. ValuEngine downgraded Calumet Specialty Products Partners, L.P from a “hold” rating to a “sell” rating in a research report on Monday, August 20th. BidaskClub upgraded Calumet Specialty Products Partners, L.P from a “hold” rating to a “buy” rating in a research report on Saturday, July 21st. Finally, Zacks Investment Research downgraded Calumet Specialty Products Partners, L.P from a “strong-buy” rating to a “hold” rating in a research report on Monday, July 30th. Two research analysts have rated the stock with a sell rating, two have given a hold rating and one has assigned a buy rating to the company. The company presently has a consensus rating of “Hold” and an average target price of $7.92.

Calumet Specialty Products Partners, L.P Company Profile

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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