Calumet Specialty Products Partners, L.P. (NASDAQ:CLMT) was the target of unusually large options trading on Wednesday. Traders purchased 811 put options on the stock. This represents an increase of Infinity compared to the typical daily volume of 0 put options.

Calumet Specialty Products Partners, L.P. (CLMT) opened at $9.45 on Friday. The company has a quick ratio of 0.59, a current ratio of 1.36 and a debt-to-equity ratio of 9.55.

Calumet Specialty Products Partners, L.P. (NASDAQ:CLMT) last issued its quarterly earnings data on Friday, August 4th. The oil and gas company reported $0.12 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.46) by $0.58. Calumet Specialty Products Partners, L.P. had a negative net margin of 2.81% and a negative return on equity of 48.17%. The firm had revenue of $1.03 billion for the quarter, compared to the consensus estimate of $841.00 million. research analysts anticipate that Calumet Specialty Products Partners, L.P. will post -0.25 EPS for the current year.

CLMT has been the topic of several recent research reports. BidaskClub lowered Calumet Specialty Products Partners, L.P. from a “hold” rating to a “sell” rating in a research report on Tuesday, July 11th. Zacks Investment Research upgraded Calumet Specialty Products Partners, L.P. from a “hold” rating to a “strong-buy” rating and set a $4.75 price target on the stock in a research report on Tuesday, July 11th. Cowen and Company restated a “hold” rating and issued a $5.00 price target on shares of Calumet Specialty Products Partners, L.P. in a research report on Friday, July 14th. Janney Montgomery Scott upgraded Calumet Specialty Products Partners, L.P. from a “neutral” rating to a “buy” rating and raised their price target for the stock from $6.00 to $8.50 in a research report on Monday, August 14th. Finally, ValuEngine upgraded Calumet Specialty Products Partners, L.P. from a “sell” rating to a “hold” rating in a research report on Tuesday, August 22nd. One analyst has rated the stock with a sell rating, seven have given a hold rating and one has issued a buy rating to the company. Calumet Specialty Products Partners, L.P. presently has an average rating of “Hold” and an average target price of $6.00.

Institutional investors have recently modified their holdings of the company. Investment Centers of America Inc. grew its position in shares of Calumet Specialty Products Partners, L.P. by 1.2% in the 2nd quarter. Investment Centers of America Inc. now owns 23,984 shares of the oil and gas company’s stock worth $103,000 after buying an additional 292 shares during the last quarter. Westwood Holdings Group Inc. purchased a new position in shares of Calumet Specialty Products Partners, L.P. in the 2nd quarter worth approximately $110,000. JPMorgan Chase & Co. grew its position in shares of Calumet Specialty Products Partners, L.P. by 350.0% in the 2nd quarter. JPMorgan Chase & Co. now owns 36,000 shares of the oil and gas company’s stock worth $154,000 after buying an additional 28,000 shares during the last quarter. Virtu KCG Holdings LLC grew its position in shares of Calumet Specialty Products Partners, L.P. by 6.6% in the 2nd quarter. Virtu KCG Holdings LLC now owns 47,580 shares of the oil and gas company’s stock worth $202,000 after buying an additional 2,931 shares during the last quarter. Finally, Linscomb & Williams Inc. grew its position in shares of Calumet Specialty Products Partners, L.P. by 49.1% in the 2nd quarter. Linscomb & Williams Inc. now owns 146,364 shares of the oil and gas company’s stock worth $622,000 after buying an additional 48,201 shares during the last quarter. 10.12% of the stock is currently owned by hedge funds and other institutional investors.

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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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