Calumet Specialty Products Partners, L.P. (NASDAQ:CLMT) CFO David West Griffin acquired 2,100 shares of the firm’s stock in a transaction dated Tuesday, August 1st. The shares were purchased at an average cost of $5.20 per share, with a total value of $10,920.00. Following the completion of the transaction, the chief financial officer now owns 49,252 shares in the company, valued at approximately $256,110.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.
David West Griffin also recently made the following trade(s):
- On Monday, July 31st, David West Griffin acquired 3,000 shares of Calumet Specialty Products Partners, L.P. stock. The shares were purchased at an average cost of $5.21 per share, with a total value of $15,630.00.
- On Wednesday, August 2nd, David West Griffin acquired 8,100 shares of Calumet Specialty Products Partners, L.P. stock. The shares were purchased at an average cost of $5.19 per share, with a total value of $42,039.00.
- On Thursday, July 27th, David West Griffin acquired 3,000 shares of Calumet Specialty Products Partners, L.P. stock. The shares were purchased at an average cost of $5.14 per share, with a total value of $15,420.00.
- On Wednesday, July 26th, David West Griffin acquired 3,000 shares of Calumet Specialty Products Partners, L.P. stock. The shares were purchased at an average cost of $5.34 per share, with a total value of $16,020.00.
- On Friday, July 28th, David West Griffin acquired 6,100 shares of Calumet Specialty Products Partners, L.P. stock. The shares were purchased at an average cost of $5.24 per share, with a total value of $31,964.00.
- On Tuesday, July 25th, David West Griffin acquired 3,783 shares of Calumet Specialty Products Partners, L.P. stock. The shares were purchased at an average cost of $5.02 per share, with a total value of $18,990.66.
- On Thursday, July 20th, David West Griffin acquired 800 shares of Calumet Specialty Products Partners, L.P. stock. The shares were purchased at an average cost of $4.49 per share, with a total value of $3,592.00.
- On Monday, July 17th, David West Griffin acquired 6,369 shares of Calumet Specialty Products Partners, L.P. stock. The shares were purchased at an average cost of $4.14 per share, with a total value of $26,367.66.
- On Wednesday, July 12th, David West Griffin acquired 3,000 shares of Calumet Specialty Products Partners, L.P. stock. The shares were purchased at an average cost of $4.19 per share, with a total value of $12,570.00.
- On Tuesday, July 11th, David West Griffin acquired 300 shares of Calumet Specialty Products Partners, L.P. stock. The shares were purchased at an average cost of $4.15 per share, with a total value of $1,245.00.
Shares of Calumet Specialty Products Partners, L.P. (CLMT) traded up 2.427% during midday trading on Thursday, reaching $5.275. 284,897 shares of the company were exchanged. The stock’s market capitalization is $404.55 million. Calumet Specialty Products Partners, L.P. has a 52-week low of $5.10 and a 52-week high of $5.30.
Calumet Specialty Products Partners, L.P. (NASDAQ:CLMT) last announced its quarterly earnings data on Thursday, May 4th. The oil and gas company reported ($0.08) earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.68) by $0.60. The company had revenue of $937.40 million during the quarter, compared to analyst estimates of $1.02 billion. Calumet Specialty Products Partners, L.P. had a negative net margin of 6.97% and a negative return on equity of 65.80%. Equities analysts expect that Calumet Specialty Products Partners, L.P. will post ($1.22) EPS for the current fiscal year.
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Several equities research analysts have recently issued reports on the stock. BidaskClub raised shares of Calumet Specialty Products Partners, L.P. from a “sell” rating to a “hold” rating in a research report on Monday, July 24th. Zacks Investment Research raised shares of Calumet Specialty Products Partners, L.P. from a “hold” rating to a “strong-buy” rating and set a $4.75 price objective for the company in a research report on Tuesday, July 11th. Cowen and Company reaffirmed a “hold” rating and set a $5.00 price objective on shares of Calumet Specialty Products Partners, L.P. in a research report on Friday, July 14th. Finally, Wells Fargo & Company raised shares of Calumet Specialty Products Partners, L.P. from a “market perform” rating to an “outperform” rating and set a $6.00 price objective for the company in a research report on Wednesday, May 10th. One analyst has rated the stock with a sell rating, six have assigned a hold rating and one has assigned a buy rating to the stock. The stock has an average rating of “Hold” and an average price target of $4.46.
A number of hedge funds and other institutional investors have recently made changes to their positions in CLMT. Linscomb & Williams Inc. raised its position in shares of Calumet Specialty Products Partners, L.P. by 0.6% in the first quarter. Linscomb & Williams Inc. now owns 98,163 shares of the oil and gas company’s stock valued at $373,000 after buying an additional 600 shares in the last quarter. Fifth Third Bancorp raised its position in shares of Calumet Specialty Products Partners, L.P. by 5.0% in the first quarter. Fifth Third Bancorp now owns 31,800 shares of the oil and gas company’s stock valued at $121,000 after buying an additional 1,500 shares in the last quarter. Wells Fargo & Company MN raised its position in shares of Calumet Specialty Products Partners, L.P. by 2.5% in the first quarter. Wells Fargo & Company MN now owns 461,750 shares of the oil and gas company’s stock valued at $1,754,000 after buying an additional 11,265 shares in the last quarter. Adams Asset Advisors LLC raised its position in shares of Calumet Specialty Products Partners, L.P. by 11.9% in the second quarter. Adams Asset Advisors LLC now owns 705,332 shares of the oil and gas company’s stock valued at $2,998,000 after buying an additional 74,732 shares in the last quarter. Finally, Morgan Stanley raised its position in shares of Calumet Specialty Products Partners, L.P. by 13.5% in the first quarter. Morgan Stanley now owns 704,438 shares of the oil and gas company’s stock valued at $2,677,000 after buying an additional 83,995 shares in the last quarter. 11.31% of the stock is owned by institutional investors.
Calumet Specialty Products Partners, L.P. Company Profile
Calumet Specialty Products Partners, L.P. is a producer of specialty hydrocarbon products in North America. The Company operates through three segments: specialty products, fuel products and oilfield services. In its specialty products segment, the Company processes crude oil and other feedstocks into a range of customized lubricating oils, white mineral oils, solvents, petrolatums and waxes.
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