Future Financial Wealth Managment LLC Acquires Shares of 8,000 Calumet Specialty Products Partners, L.P. (NASDAQ:CLMT)

Future Financial Wealth Managment LLC acquired a new stake in shares of Calumet Specialty Products Partners, L.P. (NASDAQ:CLMT) in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 8,000 shares of the oil and gas company’s stock, valued at approximately $119,000.

A number of other institutional investors also recently modified their holdings of the company. ICA Group Wealth Management LLC bought a new stake in Calumet Specialty Products Partners during the 4th quarter valued at $116,000. Sapient Capital LLC acquired a new stake in shares of Calumet Specialty Products Partners in the 4th quarter worth about $188,000. Advisor Resource Council acquired a new stake in shares of Calumet Specialty Products Partners in the 4th quarter worth about $216,000. Sheets Smith Wealth Management lifted its position in Calumet Specialty Products Partners by 11.2% in the 4th quarter. Sheets Smith Wealth Management now owns 12,202 shares of the oil and gas company’s stock valued at $218,000 after acquiring an additional 1,225 shares in the last quarter. Finally, Jump Financial LLC acquired a new position in Calumet Specialty Products Partners during the 4th quarter valued at about $250,000. 34.41% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Calumet Specialty Products Partners

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

Analyst Ratings Changes

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

Calumet Specialty Products Partners Stock Up 1.1 %

Shares of NASDAQ CLMT opened at $16.20 on Friday. The company has a market capitalization of $1.30 billion, a PE ratio of -231.43 and a beta of 1.88. The stock’s 50 day moving average price is $15.94 and its 200-day moving average price is $16.02. Calumet Specialty Products Partners, L.P. has a twelve month low of $11.91 and a twelve month high of $19.91.

Calumet Specialty Products Partners (NASDAQ:CLMT) last issued its quarterly earnings results on Friday, May 10th. The oil and gas company reported ($0.61) EPS for the quarter, topping analysts’ consensus estimates of ($0.74) by $0.13. The business had revenue of $1.01 billion for the quarter, compared to the consensus estimate of $984.10 million. As a group, research analysts expect that Calumet Specialty Products Partners, L.P. will post -1.5 EPS for the current fiscal year.

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.