Creative Planning Has $185,000 Stock Holdings in Calumet Specialty Products Partners, L.P (NASDAQ:CLMT)

Creative Planning trimmed its stake in shares of Calumet Specialty Products Partners, L.P (NASDAQ:CLMT) by 6.9% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 50,586 shares of the oil and gas company’s stock after selling 3,750 shares during the quarter. Creative Planning owned approximately 0.07% of Calumet Specialty Products Partners, L.P worth $185,000 at the end of the most recent reporting period.

A number of other hedge funds also recently added to or reduced their stakes in CLMT. California Public Employees Retirement System grew its holdings in Calumet Specialty Products Partners, L.P by 6.5% during the 4th quarter. California Public Employees Retirement System now owns 127,089 shares of the oil and gas company’s stock worth $464,000 after acquiring an additional 7,800 shares during the last quarter. Janney Montgomery Scott LLC bought a new stake in Calumet Specialty Products Partners, L.P during the 3rd quarter worth approximately $46,000. Sumitomo Mitsui Trust Holdings Inc. grew its holdings in Calumet Specialty Products Partners, L.P by 37.2% during the 3rd quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 59,000 shares of the oil and gas company’s stock worth $215,000 after acquiring an additional 16,000 shares during the last quarter. Fisher Asset Management LLC bought a new stake in Calumet Specialty Products Partners, L.P during the 3rd quarter worth approximately $182,000. Finally, Invesco Ltd. bought a new stake in Calumet Specialty Products Partners, L.P during the 2nd quarter worth approximately $270,000. Institutional investors and hedge funds own 13.38% of the company’s stock.

NASDAQ:CLMT opened at $4.25 on Friday. The firm’s fifty day moving average is $4.23 and its 200-day moving average is $3.87. The company has a debt-to-equity ratio of 27.10, a quick ratio of 0.57 and a current ratio of 0.96. Calumet Specialty Products Partners, L.P has a 52 week low of $2.83 and a 52 week high of $5.00. The firm has a market cap of $328.05 million, a P/E ratio of 5.22 and a beta of 1.90.

Calumet Specialty Products Partners, L.P (NASDAQ:CLMT) last posted its quarterly earnings data on Tuesday, November 12th. The oil and gas company reported $0.09 EPS for the quarter, beating the Zacks’ consensus estimate of $0.01 by $0.08. Calumet Specialty Products Partners, L.P had a net margin of 0.37% and a return on equity of 111.36%. The company had revenue of $929.60 million for the quarter, compared to analyst estimates of $751.88 million. As a group, sell-side analysts anticipate that Calumet Specialty Products Partners, L.P will post -0.43 earnings per share for the current year.

A number of equities research analysts have weighed in on CLMT shares. Zacks Investment Research lowered shares of Calumet Specialty Products Partners, L.P from a “hold” rating to a “sell” rating in a report on Monday, January 20th. ValuEngine lowered shares of Calumet Specialty Products Partners, L.P from a “sell” rating to a “strong sell” rating in a report on Tuesday, January 21st. Raymond James raised shares of Calumet Specialty Products Partners, L.P from an “underperform” rating to a “market perform” rating in a report on Tuesday. Finally, BidaskClub lowered shares of Calumet Specialty Products Partners, L.P from a “hold” rating to a “sell” rating in a report on Thursday, February 6th.

Calumet Specialty Products Partners, L.P Company Profile

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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Institutional Ownership by Quarter for Calumet Specialty Products Partners, L.P (NASDAQ:CLMT)

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