6,516 Shares in Calumet Specialty Products Partners, L.P. (NASDAQ:CLMT) Purchased by ICA Group Wealth Management LLC

ICA Group Wealth Management LLC acquired a new stake in Calumet Specialty Products Partners, L.P. (NASDAQ:CLMT) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm acquired 6,516 shares of the oil and gas company’s stock, valued at approximately $116,000.

A number of other institutional investors also recently modified their holdings of CLMT. Sheets Smith Wealth Management increased its holdings in shares of Calumet Specialty Products Partners by 11.2% in the fourth quarter. Sheets Smith Wealth Management now owns 12,202 shares of the oil and gas company’s stock valued at $218,000 after purchasing an additional 1,225 shares in the last quarter. O Brien Greene & Co. Inc raised its position in shares of Calumet Specialty Products Partners by 4.2% during the fourth quarter. O Brien Greene & Co. Inc now owns 50,000 shares of the oil and gas company’s stock worth $894,000 after acquiring an additional 2,000 shares during the last quarter. J.W. Cole Advisors Inc. lifted its stake in shares of Calumet Specialty Products Partners by 23.4% during the fourth quarter. J.W. Cole Advisors Inc. now owns 19,750 shares of the oil and gas company’s stock valued at $353,000 after acquiring an additional 3,750 shares during the period. Brown Advisory Inc. boosted its holdings in Calumet Specialty Products Partners by 6.2% in the fourth quarter. Brown Advisory Inc. now owns 85,613 shares of the oil and gas company’s stock valued at $1,530,000 after acquiring an additional 5,000 shares during the last quarter. Finally, Independent Advisor Alliance boosted its holdings in Calumet Specialty Products Partners by 11.4% in the fourth quarter. Independent Advisor Alliance now owns 50,412 shares of the oil and gas company’s stock valued at $901,000 after acquiring an additional 5,150 shares during the last quarter. 34.41% of the stock is owned by institutional investors.

Calumet Specialty Products Partners Stock Performance

Shares of NASDAQ CLMT opened at $16.26 on Tuesday. The firm has a 50 day moving average price of $15.80 and a 200 day moving average price of $16.06. The stock has a market cap of $1.31 billion, a P/E ratio of -232.29 and a beta of 1.88. Calumet Specialty Products Partners, L.P. has a 52-week low of $11.91 and a 52-week high of $19.91.

Calumet Specialty Products Partners (NASDAQ:CLMT) last released its quarterly earnings data on Friday, May 10th. The oil and gas company reported ($0.61) EPS for the quarter, beating analysts’ consensus estimates of ($0.74) by $0.13. The firm had revenue of $1.01 billion during the quarter, compared to the consensus estimate of $984.10 million. Analysts predict that Calumet Specialty Products Partners, L.P. will post -1.5 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on CLMT shares. HC Wainwright restated a “buy” rating and set a $25.00 target price on shares of Calumet Specialty Products Partners in a research report on Monday, May 13th. StockNews.com assumed coverage on shares of Calumet Specialty Products Partners in a research report on Monday. They set a “hold” rating for the company. Finally, The Goldman Sachs Group reduced their price target on Calumet Specialty Products Partners from $19.00 to $17.00 and set a “buy” rating on the stock in a research report on Thursday, March 21st.

Insider Buying and Selling

In other Calumet Specialty Products Partners news, SVP Gregory J. Morical sold 11,111 shares of Calumet Specialty Products Partners stock in a transaction that occurred on Wednesday, May 15th. The shares were sold at an average price of $15.04, for a total value of $167,109.44. Following the transaction, the senior vice president now owns 33,845 shares of the company’s stock, valued at $509,028.80. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. 2.91% of the stock is owned by company insiders.

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.