Raymond James Financial Services Advisors Inc. Acquires 9,300 Shares of Calumet Specialty Products Partners, L.P. (NASDAQ:CLMT)

Raymond James Financial Services Advisors Inc. increased its holdings in shares of Calumet Specialty Products Partners, L.P. (NASDAQ:CLMT) by 46.9% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 29,131 shares of the oil and gas company’s stock after acquiring an additional 9,300 shares during the quarter. Raymond James Financial Services Advisors Inc.’s holdings in Calumet Specialty Products Partners were worth $521,000 as of its most recent filing with the SEC.

A number of other hedge funds have also bought and sold shares of CLMT. Tower Research Capital LLC TRC increased its position in Calumet Specialty Products Partners by 335.3% during the first quarter. Tower Research Capital LLC TRC now owns 1,689 shares of the oil and gas company’s stock worth $29,000 after acquiring an additional 1,301 shares during the period. IFP Advisors Inc bought a new position in Calumet Specialty Products Partners during the second quarter worth about $32,000. Worth Asset Management LLC bought a new position in Calumet Specialty Products Partners during the first quarter worth about $54,000. BNP Paribas Arbitrage SA bought a new position in Calumet Specialty Products Partners during the second quarter worth about $76,000. Finally, Covestor Ltd bought a new position in Calumet Specialty Products Partners during the first quarter worth about $77,000. 34.41% of the stock is owned by institutional investors.

Calumet Specialty Products Partners Trading Up 0.2 %

Shares of Calumet Specialty Products Partners stock opened at $15.15 on Friday. The firm has a market capitalization of $1.22 billion, a PE ratio of 19.18 and a beta of 1.76. The firm’s 50 day moving average is $15.46 and its 200 day moving average is $16.03. Calumet Specialty Products Partners, L.P. has a 1 year low of $11.91 and a 1 year high of $19.91.

Calumet Specialty Products Partners (NASDAQ:CLMT) last posted its earnings results on Friday, February 23rd. The oil and gas company reported ($0.59) EPS for the quarter, missing the consensus estimate of ($0.19) by ($0.40). The company had revenue of $976.50 million for the quarter, compared to analyst estimates of $856.71 million. During the same quarter in the previous year, the company posted ($0.21) EPS. Calumet Specialty Products Partners’s revenue for the quarter was down 2.3% compared to the same quarter last year. As a group, research analysts anticipate that Calumet Specialty Products Partners, L.P. will post -0.52 earnings per share for the current year.

Analysts Set New Price Targets

Several research firms have commented on CLMT. StockNews.com began coverage on shares of Calumet Specialty Products Partners in a report on Sunday, April 14th. They issued a “hold” rating on the stock. The Goldman Sachs Group decreased their price target on shares of Calumet Specialty Products Partners from $19.00 to $17.00 and set a “buy” rating on the stock in a report on Thursday, March 21st.

Calumet Specialty Products Partners Company Profile

Calumet Specialty Products Partners, L.P. manufactures, formulates, and markets a diversified slate of specialty branded products and renewable fuels to various consumer-facing and industrial markets in North America and internationally. It operates through Specialty Products and Solutions; Performance brands; Montana/Renewables; and Corporate segments.