Investment Centers of America Inc. Sells 6,000 Shares of Calumet Specialty Products Partners, L.P. (CLMT)

Investment Centers of America Inc. trimmed its holdings in shares of Calumet Specialty Products Partners, L.P. (NASDAQ:CLMT) by 25.0% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 17,984 shares of the oil and gas company’s stock after selling 6,000 shares during the quarter. Investment Centers of America Inc.’s holdings in Calumet Specialty Products Partners were worth $149,000 as of its most recent filing with the SEC.

Other large investors have also added to or reduced their stakes in the company. Morgan Stanley increased its holdings in Calumet Specialty Products Partners by 13.5% in the 1st quarter. Morgan Stanley now owns 704,438 shares of the oil and gas company’s stock valued at $2,677,000 after buying an additional 83,995 shares during the period. Adams Asset Advisors LLC increased its holdings in Calumet Specialty Products Partners by 16.0% in the 3rd quarter. Adams Asset Advisors LLC now owns 817,980 shares of the oil and gas company’s stock valued at $6,830,000 after buying an additional 112,648 shares during the period. Linscomb & Williams Inc. increased its holdings in Calumet Specialty Products Partners by 49.1% in the 2nd quarter. Linscomb & Williams Inc. now owns 146,364 shares of the oil and gas company’s stock valued at $622,000 after buying an additional 48,201 shares during the period. Royal Bank of Canada increased its holdings in Calumet Specialty Products Partners by 9.2% in the 2nd quarter. Royal Bank of Canada now owns 484,494 shares of the oil and gas company’s stock valued at $2,059,000 after buying an additional 40,676 shares during the period. Finally, Wells Fargo & Company MN increased its holdings in Calumet Specialty Products Partners by 3.8% in the 2nd quarter. Wells Fargo & Company MN now owns 479,323 shares of the oil and gas company’s stock valued at $2,037,000 after buying an additional 17,573 shares during the period. 13.64% of the stock is currently owned by institutional investors and hedge funds.

Several equities analysts have commented on CLMT shares. Janney Montgomery Scott raised shares of Calumet Specialty Products Partners from a “neutral” rating to a “buy” rating and raised their target price for the company from $6.00 to $8.50 in a report on Monday, August 14th. Zacks Investment Research raised shares of Calumet Specialty Products Partners from a “hold” rating to a “buy” rating and set a $7.00 target price on the stock in a report on Friday, August 18th. ValuEngine raised shares of Calumet Specialty Products Partners from a “sell” rating to a “hold” rating in a report on Tuesday, August 22nd. Wells Fargo & Company lifted their price target on shares of Calumet Specialty Products Partners from $7.00 to $10.00 and gave the company an “outperform” rating in a report on Friday, September 29th. They noted that the move was a valuation call. Finally, Cowen reaffirmed a “hold” rating and set a $5.00 price target on shares of Calumet Specialty Products Partners in a report on Tuesday, October 17th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and one has given a buy rating to the company. The company currently has an average rating of “Hold” and a consensus target price of $6.00.

Shares of Calumet Specialty Products Partners, L.P. (NASDAQ:CLMT) opened at $8.25 on Friday. The company has a current ratio of 1.36, a quick ratio of 0.59 and a debt-to-equity ratio of 9.55. Calumet Specialty Products Partners, L.P. has a 1-year low of $3.40 and a 1-year high of $9.95.

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About Calumet Specialty Products Partners

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.

Institutional Ownership by Quarter for Calumet Specialty Products Partners (NASDAQ:CLMT)

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