Calumet Specialty Products Partners (NASDAQ:CLMT) Sees Unusually-High Trading Volume

Calumet Specialty Products Partners, L.P. (NASDAQ:CLMT) shares saw an uptick in trading volume on Monday . 180,548 shares traded hands during trading, an increase of 32% from the previous session’s volume of 136,631 shares.The stock last traded at $14.38 and had previously closed at $13.97.

Analyst Upgrades and Downgrades

Several research firms have recently commented on CLMT. HC Wainwright reiterated a “buy” rating and issued a $25.00 price target on shares of Calumet Specialty Products Partners in a research report on Monday, May 13th. StockNews.com started coverage on Calumet Specialty Products Partners in a report on Friday. They issued a “hold” rating for the company.

Calumet Specialty Products Partners Trading Up 1.6 %

The business’s fifty day moving average price is $15.98 and its 200 day moving average price is $15.86.

Calumet Specialty Products Partners (NASDAQ:CLMT) last announced its earnings results on Friday, May 10th. The oil and gas company reported ($0.61) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.74) by $0.13. The firm had revenue of $1.01 billion for the quarter, compared to analyst estimates of $984.10 million. As a group, research analysts predict that Calumet Specialty Products Partners, L.P. will post -1.9 EPS for the current year.

Insider Activity

In related news, SVP Gregory J. Morical sold 11,111 shares of the company’s stock in a transaction on Wednesday, May 15th. The stock was sold at an average price of $15.04, for a total value of $167,109.44. Following the completion of the transaction, the senior vice president now directly owns 33,845 shares in the company, valued at $509,028.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 2.91% of the company’s stock.

Hedge Funds Weigh In On Calumet Specialty Products Partners

Institutional investors and hedge funds have recently bought and sold shares of the stock. ICA Group Wealth Management LLC acquired a new position in shares of Calumet Specialty Products Partners in the 4th quarter valued at $116,000. Future Financial Wealth Managment LLC acquired a new position in Calumet Specialty Products Partners in the first quarter valued at $119,000. PFG Investments LLC purchased a new stake in Calumet Specialty Products Partners during the first quarter valued at about $155,000. Deuterium Capital Management LLC acquired a new stake in Calumet Specialty Products Partners during the first quarter worth about $159,000. Finally, Mcintyre Freedman & Flynn Investment Advisers Inc. purchased a new position in shares of Calumet Specialty Products Partners in the 1st quarter worth about $171,000. Institutional investors and hedge funds own 34.41% of the company’s stock.

About Calumet Specialty Products Partners

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.