DRW Securities LLC Acquires New Holdings in Calumet Specialty Products Partners, L.P. (NASDAQ:CLMT)

DRW Securities LLC acquired a new stake in Calumet Specialty Products Partners, L.P. (NASDAQ:CLMT) in the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor acquired 55,956 shares of the oil and gas company’s stock, valued at approximately $898,000. DRW Securities LLC owned approximately 0.07% of Calumet Specialty Products Partners as of its most recent filing with the SEC.

Several other institutional investors have also bought and sold shares of CLMT. ICA Group Wealth Management LLC bought a new position in shares of Calumet Specialty Products Partners during the fourth quarter valued at $116,000. Future Financial Wealth Managment LLC bought a new position in Calumet Specialty Products Partners during the 1st quarter valued at about $119,000. Wedbush Securities Inc. bought a new position in Calumet Specialty Products Partners during the 2nd quarter valued at about $169,000. Deuterium Capital Management LLC acquired a new position in Calumet Specialty Products Partners in the first quarter valued at about $159,000. Finally, Mcintyre Freedman & Flynn Investment Advisers Inc. acquired a new stake in Calumet Specialty Products Partners in the 1st quarter valued at about $171,000. Institutional investors and hedge funds own 34.41% of the company’s stock.

Calumet Specialty Products Partners Stock Down 0.2 %

Shares of CLMT stock opened at $18.00 on Monday. Calumet Specialty Products Partners, L.P. has a 12-month low of $9.97 and a 12-month high of $21.19. The firm has a fifty day moving average of $15.84 and a 200-day moving average of $15.69. The company has a market capitalization of $1.45 billion, a price-to-earnings ratio of -257.14 and a beta of 1.92.

Calumet Specialty Products Partners (NASDAQ:CLMT) last released its earnings results on Friday, August 9th. The oil and gas company reported ($0.48) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.55) by $0.07. The firm had revenue of $1.13 billion for the quarter, compared to the consensus estimate of $889.17 million. Calumet Specialty Products Partners’s revenue for the quarter was up 11.4% on a year-over-year basis. During the same quarter last year, the company posted ($0.19) EPS. On average, equities analysts expect that Calumet Specialty Products Partners, L.P. will post -1.92 EPS for the current year.

Analysts Set New Price Targets

CLMT has been the topic of several recent research reports. StockNews.com assumed coverage on Calumet Specialty Products Partners in a research report on Saturday. They issued a “hold” rating on the stock. HC Wainwright restated a “buy” rating and set a $25.00 target price on shares of Calumet Specialty Products Partners in a report on Monday, August 12th. TD Cowen lowered their price target on Calumet Specialty Products Partners from $20.00 to $18.00 and set a “buy” rating for the company in a research note on Monday, August 12th. Finally, The Goldman Sachs Group cut their price target on shares of Calumet Specialty Products Partners from $17.00 to $15.00 and set a “buy” rating on the stock in a research report on Monday, August 5th. One research analyst has rated the stock with a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $19.33.

About Calumet Specialty Products Partners

Calumet, Inc 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; Montana/Renewables; and Performance brands segments.