Wiley BROS. Aintree Capital LLC Decreases Stock Position in Calumet Specialty Products Partners, L.P (NASDAQ:CLMT)

Wiley BROS. Aintree Capital LLC reduced its position in Calumet Specialty Products Partners, L.P (NASDAQ:CLMT) by 19.7% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 16,240 shares of the oil and gas company’s stock after selling 3,975 shares during the period. Wiley BROS. Aintree Capital LLC’s holdings in Calumet Specialty Products Partners, L.P were worth $59,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in CLMT. Morgan Stanley lifted its stake in Calumet Specialty Products Partners, L.P by 64.9% in the 2nd quarter. Morgan Stanley now owns 505,040 shares of the oil and gas company’s stock worth $2,116,000 after purchasing an additional 198,835 shares in the last quarter. Invesco Ltd. bought a new position in Calumet Specialty Products Partners, L.P in the 2nd quarter worth about $270,000. Fiera Capital Corp grew its stake in Calumet Specialty Products Partners, L.P by 19.9% in the 2nd quarter. Fiera Capital Corp now owns 26,262 shares of the oil and gas company’s stock worth $110,000 after acquiring an additional 4,363 shares in the last quarter. Bank of Montreal Can bought a new position in Calumet Specialty Products Partners, L.P in the 2nd quarter worth about $32,000. Finally, Acadian Asset Management LLC bought a new position in Calumet Specialty Products Partners, L.P in the 2nd quarter worth about $61,000. Institutional investors own 14.08% of the company’s stock.

CLMT has been the topic of a number of research analyst reports. Zacks Investment Research upgraded shares of Calumet Specialty Products Partners, L.P from a “hold” rating to a “strong-buy” rating and set a $4.00 target price on the stock in a research note on Tuesday. BidaskClub downgraded shares of Calumet Specialty Products Partners, L.P from a “sell” rating to a “strong sell” rating in a research note on Saturday, October 5th. Finally, ValuEngine upgraded shares of Calumet Specialty Products Partners, L.P from a “strong sell” rating to a “sell” rating in a research note on Wednesday, October 2nd.

Shares of CLMT opened at $3.49 on Friday. The company has a market cap of $270.65 million, a price-to-earnings ratio of 11.63 and a beta of 1.82. Calumet Specialty Products Partners, L.P has a twelve month low of $1.99 and a twelve month high of $6.15. The company has a quick ratio of 0.75, a current ratio of 1.23 and a debt-to-equity ratio of 28.38. The company has a 50 day moving average of $3.94 and a two-hundred day moving average of $4.08.

Calumet Specialty Products Partners, L.P (NASDAQ:CLMT) last announced its earnings results on Thursday, August 8th. The oil and gas company reported $0.21 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.04 by $0.17. The company had revenue of $896.90 million during the quarter, compared to the consensus estimate of $763.05 million. Calumet Specialty Products Partners, L.P had a net margin of 0.05% and a return on equity of 90.99%. On average, sell-side analysts expect that Calumet Specialty Products Partners, L.P will post 0.13 EPS for the current year.

About Calumet Specialty Products Partners, L.P

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.

Further Reading: Stock Split

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

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