Calumet Specialty Products Partners, L.P (CLMT) Sets New 12-Month Low at $3.41

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Calumet Specialty Products Partners, L.P (NASDAQ:CLMT) reached a new 52-week low on Friday . The stock traded as low as $3.41 and last traded at $3.28, with a volume of 9862 shares trading hands. The stock had previously closed at $3.50.

Several research firms have recently weighed in on CLMT. BidaskClub cut Calumet Specialty Products Partners, L.P from a “buy” rating to a “hold” rating in a research report on Tuesday, July 31st. Zacks Investment Research cut Calumet Specialty Products Partners, L.P from a “strong-buy” rating to a “hold” rating in a research report on Monday, July 30th. Finally, ValuEngine cut Calumet Specialty Products Partners, L.P from a “hold” rating to a “sell” rating in a research report on Monday, August 20th.

The company has a debt-to-equity ratio of 41.13, a current ratio of 1.41 and a quick ratio of 0.75. The stock has a market cap of $279.10 million, a price-to-earnings ratio of -6.07 and a beta of 1.54.

In other Calumet Specialty Products Partners, L.P news, CFO David West Griffin acquired 11,000 shares of Calumet Specialty Products Partners, L.P stock in a transaction dated Wednesday, September 5th. The stock was bought at an average cost of $6.57 per share, with a total value of $72,270.00. Following the completion of the transaction, the chief financial officer now owns 65,405 shares of the company’s stock, valued at $429,710.85. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Insiders bought 36,205 shares of company stock valued at $236,425 over the last three months. 4.75% of the stock is owned by company insiders.

Several institutional investors and hedge funds have recently bought and sold shares of the company. Renaissance Technologies LLC lifted its position in Calumet Specialty Products Partners, L.P by 133.9% in the second quarter. Renaissance Technologies LLC now owns 472,299 shares of the oil and gas company’s stock worth $3,519,000 after purchasing an additional 270,409 shares during the period. Barnett & Company Inc. lifted its position in Calumet Specialty Products Partners, L.P by 64.0% in the third quarter. Barnett & Company Inc. now owns 407,300 shares of the oil and gas company’s stock worth $2,607,000 after purchasing an additional 159,000 shares during the period. BB&T Securities LLC bought a new position in Calumet Specialty Products Partners, L.P in the second quarter worth $510,000. Credit Suisse AG lifted its position in Calumet Specialty Products Partners, L.P by 485.6% in the third quarter. Credit Suisse AG now owns 79,121 shares of the oil and gas company’s stock worth $507,000 after purchasing an additional 65,609 shares during the period. Finally, UBS Group AG lifted its position in Calumet Specialty Products Partners, L.P by 34.8% in the first quarter. UBS Group AG now owns 211,856 shares of the oil and gas company’s stock worth $1,494,000 after purchasing an additional 54,659 shares during the period. 14.27% of the stock is owned by institutional investors.

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Calumet Specialty Products Partners, L.P Company Profile (NASDAQ:CLMT)

Calumet Specialty Products Partners, L.P. produces and sells specialty hydrocarbon products in North America and internationally. It operates in two segments, Specialty Products and Fuel Products. The Specialty Products segment offers various lubricating oils, white mineral oils, solvents, petrolatums, waxes, synthetic lubricants, and other products which are used primarily as raw material components for basic automotive, industrial, and consumer goods.

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