Calumet Specialty Products Partners, L.P (NASDAQ:CLMT) Rating Increased to Hold at ValuEngine

ValuEngine upgraded shares of Calumet Specialty Products Partners, L.P (NASDAQ:CLMT) from a sell rating to a hold rating in a report published on Monday, February 4th.

A number of other research firms have also recently commented on CLMT. Zacks Investment Research cut Calumet Specialty Products Partners, L.P from a hold rating to a sell rating in a research report on Wednesday, January 23rd. BidaskClub cut Calumet Specialty Products Partners, L.P from a sell rating to a strong sell rating in a research report on Friday, October 12th. Finally, Cowen set a $5.00 price objective on Calumet Specialty Products Partners, L.P and gave the company a hold rating in a research report on Wednesday, November 28th.

CLMT stock traded up $0.12 during trading on Monday, hitting $2.97. 115,751 shares of the company traded hands, compared to its average volume of 158,107. The stock has a market cap of $239.15 million, a P/E ratio of -5.30 and a beta of 2.26. Calumet Specialty Products Partners, L.P has a 1 year low of $1.99 and a 1 year high of $8.75. The company has a current ratio of 1.41, a quick ratio of 0.71 and a debt-to-equity ratio of 41.13.

Several institutional investors have recently made changes to their positions in CLMT. Renaissance Technologies LLC lifted its stake in shares of Calumet Specialty Products Partners, L.P by 133.9% in the 2nd quarter. Renaissance Technologies LLC now owns 472,299 shares of the oil and gas company’s stock valued at $3,519,000 after purchasing an additional 270,409 shares during the last quarter. Creative Planning lifted its stake in shares of Calumet Specialty Products Partners, L.P by 199.3% in the 3rd quarter. Creative Planning now owns 55,565 shares of the oil and gas company’s stock valued at $356,000 after purchasing an additional 37,000 shares during the last quarter. Stratos Wealth Partners LTD. acquired a new position in shares of Calumet Specialty Products Partners, L.P in the 3rd quarter valued at $148,000. Wells Fargo & Company MN lifted its stake in shares of Calumet Specialty Products Partners, L.P by 4.4% in the 3rd quarter. Wells Fargo & Company MN now owns 375,748 shares of the oil and gas company’s stock valued at $2,405,000 after purchasing an additional 15,766 shares during the last quarter. Finally, Barnett & Company Inc. lifted its stake in shares of Calumet Specialty Products Partners, L.P by 64.0% in the 3rd quarter. Barnett & Company Inc. now owns 407,300 shares of the oil and gas company’s stock valued at $2,607,000 after purchasing an additional 159,000 shares during the last quarter. 16.58% of the stock is currently owned by institutional investors and hedge funds.

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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To view ValuEngine’s full report, visit ValuEngine’s official website.

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