Sapient Capital LLC Makes New $188,000 Investment in Calumet Specialty Products Partners, L.P. (NASDAQ:CLMT)

Sapient Capital LLC acquired a new stake in Calumet Specialty Products Partners, L.P. (NASDAQ:CLMT) in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 10,501 shares of the oil and gas company’s stock, valued at approximately $188,000.

Several other large investors have also made changes to their positions in the business. Advisor Resource Council acquired a new stake in Calumet Specialty Products Partners in the 4th quarter worth about $216,000. J.W. Cole Advisors Inc. lifted its position in shares of Calumet Specialty Products Partners by 23.4% in the fourth quarter. J.W. Cole Advisors Inc. now owns 19,750 shares of the oil and gas company’s stock valued at $353,000 after acquiring an additional 3,750 shares in the last quarter. Raymond James Financial Services Advisors Inc. boosted its stake in shares of Calumet Specialty Products Partners by 34.6% in the third quarter. Raymond James Financial Services Advisors Inc. now owns 19,831 shares of the oil and gas company’s stock worth $379,000 after acquiring an additional 5,100 shares during the last quarter. Cerity Partners LLC purchased a new stake in shares of Calumet Specialty Products Partners during the fourth quarter worth approximately $393,000. Finally, Pekin Hardy Strauss Inc. acquired a new position in Calumet Specialty Products Partners in the 4th quarter valued at $407,000. 34.41% of the stock is owned by institutional investors and hedge funds.

Calumet Specialty Products Partners Stock Up 0.6 %

Shares of CLMT opened at $16.31 on Wednesday. Calumet Specialty Products Partners, L.P. has a 52-week low of $11.91 and a 52-week high of $19.91. The stock has a fifty day simple moving average of $15.17 and a two-hundred day simple moving average of $15.85. The company has a market capitalization of $1.31 billion, a PE ratio of 20.65 and a beta of 1.75.

Calumet Specialty Products Partners (NASDAQ:CLMT) last announced its quarterly earnings data on Friday, February 23rd. The oil and gas company reported ($0.59) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.19) by ($0.40). The company had revenue of $976.50 million for the quarter, compared to analysts’ expectations of $856.71 million. During the same period in the prior year, the company earned ($0.21) earnings per share. The company’s revenue for the quarter was down 2.3% compared to the same quarter last year. As a group, equities analysts anticipate that Calumet Specialty Products Partners, L.P. will post -0.86 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on CLMT shares. StockNews.com initiated coverage on shares of Calumet Specialty Products Partners in a research note on Wednesday. They set a “hold” rating on the stock. HC Wainwright restated a “buy” rating and set a $25.00 price target on shares of Calumet Specialty Products Partners in a research report on Monday, April 22nd. Finally, The Goldman Sachs Group cut 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 report on Thursday, March 21st.

About Calumet Specialty Products Partners

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.