Linscomb & Williams Inc. Boosts Stake in Calumet Specialty Products Partners, L.P. (CLMT)

Linscomb & Williams Inc. lifted its holdings in Calumet Specialty Products Partners, L.P. (NASDAQ:CLMT) by 49.1% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 146,364 shares of the oil and gas company’s stock after buying an additional 48,201 shares during the period. Linscomb & Williams Inc.’s holdings in Calumet Specialty Products Partners, L.P. were worth $622,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also bought and sold shares of the company. Fifth Third Bancorp lifted its stake in shares of Calumet Specialty Products Partners, L.P. by 5.0% in the first quarter. Fifth Third Bancorp now owns 31,800 shares of the oil and gas company’s stock worth $121,000 after buying an additional 1,500 shares in the last quarter. Morgan Stanley lifted its stake in shares of Calumet Specialty Products Partners, L.P. by 13.5% in the first quarter. Morgan Stanley now owns 704,438 shares of the oil and gas company’s stock worth $2,677,000 after buying an additional 83,995 shares in the last quarter. Wells Fargo & Company MN lifted its stake in shares of Calumet Specialty Products Partners, L.P. by 2.5% in the first quarter. Wells Fargo & Company MN now owns 461,750 shares of the oil and gas company’s stock worth $1,754,000 after buying an additional 11,265 shares in the last quarter. Adams Asset Advisors LLC lifted its stake in shares of Calumet Specialty Products Partners, L.P. by 11.9% in the second quarter. Adams Asset Advisors LLC now owns 705,332 shares of the oil and gas company’s stock worth $2,998,000 after buying an additional 74,732 shares in the last quarter. Finally, GSA Capital Partners LLP lifted its stake in shares of Calumet Specialty Products Partners, L.P. by 72.0% in the second quarter. GSA Capital Partners LLP now owns 230,822 shares of the oil and gas company’s stock worth $981,000 after buying an additional 96,622 shares in the last quarter. 9.70% of the stock is currently owned by hedge funds and other institutional investors.

Several equities analysts have recently weighed in on CLMT shares. Zacks Investment Research raised shares of Calumet Specialty Products Partners, L.P. from a “hold” rating to a “strong-buy” rating and set a $4.75 price target on the stock in a research note on Tuesday, July 11th. Wells Fargo & Company raised their price target on shares of Calumet Specialty Products Partners, L.P. from $7.00 to $10.00 and gave the stock an “outperform” rating in a research note on Friday, September 29th. They noted that the move was a valuation call. BidaskClub raised shares of Calumet Specialty Products Partners, L.P. from a “sell” rating to a “hold” rating in a research note on Monday, July 24th. ValuEngine raised shares of Calumet Specialty Products Partners, L.P. from a “sell” rating to a “hold” rating in a research note on Tuesday, August 22nd. Finally, Janney Montgomery Scott raised shares of Calumet Specialty Products Partners, L.P. from a “neutral” rating to a “buy” rating and raised their price target for the stock from $6.00 to $8.50 in a research note on Monday, August 14th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and one has issued a buy rating to the company. The company presently has an average rating of “Hold” and an average price target of $6.00.

In other Calumet Specialty Products Partners, L.P. news, CFO David West Griffin acquired 8,100 shares of the firm’s stock in a transaction that occurred on Wednesday, August 2nd. The shares were acquired at an average cost of $5.19 per share, for a total transaction of $42,039.00. Following the transaction, the chief financial officer now directly owns 49,252 shares of the company’s stock, valued at $255,617.88. The purchase was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders purchased a total of 36,805 shares of company stock worth $183,880 over the last quarter. Insiders own 4.75% of the company’s stock.

Calumet Specialty Products Partners, L.P. (NASDAQ:CLMT) last released its quarterly earnings data on Friday, August 4th. The oil and gas company reported $0.12 EPS for the quarter, topping the consensus estimate of ($0.46) by $0.58. Calumet Specialty Products Partners, L.P. had a negative net margin of 2.81% and a negative return on equity of 48.17%. The business had revenue of $1.03 billion for the quarter, compared to analyst estimates of $841.00 million.

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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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