Calumet Specialty Products Partners, L.P. (NASDAQ:CLMT) Short Interest Update

Calumet Specialty Products Partners, L.P. (NASDAQ:CLMT) saw a significant increase in short interest in March. As of March 31st, there was short interest totalling 909,000 shares, an increase of 9.5% from the March 15th total of 830,500 shares. Approximately 1.4% of the shares of the stock are short sold. Based on an average daily volume of 123,000 shares, the days-to-cover ratio is presently 7.4 days.

Insider Buying and Selling at Calumet Specialty Products Partners

In other news, Director Stephen P. Mawer sold 15,037 shares of Calumet Specialty Products Partners stock in a transaction on Thursday, January 18th. The stock was sold at an average price of $17.87, for a total transaction of $268,711.19. Following the completion of the transaction, the director now owns 172,610 shares of the company’s stock, valued at approximately $3,084,540.70. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 2.91% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Calumet Specialty Products Partners

Institutional investors and hedge funds have recently bought and sold shares of the stock. Tower Research Capital LLC TRC increased its holdings in shares of Calumet Specialty Products Partners by 335.3% during the 1st quarter. Tower Research Capital LLC TRC now owns 1,689 shares of the oil and gas company’s stock worth $29,000 after buying an additional 1,301 shares during the last quarter. IFP Advisors Inc acquired a new stake in Calumet Specialty Products Partners during the second quarter worth about $32,000. Worth Asset Management LLC purchased a new position in shares of Calumet Specialty Products Partners in the 1st quarter worth about $54,000. BNP Paribas Arbitrage SA acquired a new position in shares of Calumet Specialty Products Partners in the 2nd quarter valued at about $76,000. Finally, Covestor Ltd purchased a new stake in shares of Calumet Specialty Products Partners during the 1st quarter worth about $77,000. Institutional investors and hedge funds own 34.41% of the company’s stock.

Analyst Ratings Changes

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

Calumet Specialty Products Partners Stock Down 0.1 %

Shares of CLMT stock traded down $0.02 during mid-day trading on Tuesday, hitting $14.98. 240,231 shares of the company’s stock were exchanged, compared to its average volume of 120,176. The stock has a market cap of $1.20 billion, a price-to-earnings ratio of 18.96 and a beta of 1.76. Calumet Specialty Products Partners has a fifty-two week low of $11.91 and a fifty-two week high of $19.91. The stock has a 50-day simple moving average of $15.51 and a two-hundred day simple moving average of $16.05.

Calumet Specialty Products Partners (NASDAQ:CLMT) last posted its quarterly earnings results on Friday, February 23rd. The oil and gas company reported ($0.59) EPS for the quarter, missing the consensus estimate of ($0.19) by ($0.40). The business had revenue of $976.50 million during the quarter, compared to the consensus estimate of $856.71 million. During the same period last year, the business earned ($0.21) EPS. Calumet Specialty Products Partners’s revenue for the quarter was down 2.3% compared to the same quarter last year. As a group, analysts anticipate that Calumet Specialty Products Partners will post -0.52 earnings per share for the current fiscal year.

Calumet Specialty Products Partners Company Profile

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.