Calumet Specialty Products Partners LP (NASDAQ:CLMT) Institutional Investors Sentiment Index Increased in 2017 Q4

April 17, 2018 - By Peter Erickson

Sentiment for Calumet Specialty Products Partners LP (NASDAQ:CLMT)

Calumet Specialty Products Partners LP (NASDAQ:CLMT) institutional sentiment decreased to 1.11 in Q4 2017. Its down -0.11, from 1.22 in 2017Q3. The ratio has dropped, as 31 hedge funds opened new or increased stock positions, while 28 reduced and sold positions in Calumet Specialty Products Partners LP. The hedge funds in our partner’s database now hold: 9.90 million shares, up from 8.67 million shares in 2017Q3. Also, the number of hedge funds holding Calumet Specialty Products Partners LP in their top 10 stock positions increased from 0 to 1 for an increase of 1. Sold All: 14 Reduced: 14 Increased: 17 New Position: 14.

Calumet Specialty Products Partners, L.P. produces and sells specialty hydrocarbon products in North America. The company has market cap of $572.87 million. It operates in three divisions: Specialty Products, Fuel Products, and Oilfield Services. It currently has negative earnings. The Specialty Products segment offers various lubricating oils, white mineral oils, petrolatums, solvents, waxes, synthetic lubricants, and other products which are used primarily as raw material components for basic automotive, industrial, and consumer goods.

The stock increased 1.39% or $0.1 during the last trading session, reaching $7.3. About 42,285 shares traded. Calumet Specialty Products Partners, L.P. (NASDAQ:CLMT) has risen 88.00% since April 17, 2017 and is uptrending. It has outperformed by 76.45% the S&P500.

Analysts await Calumet Specialty Products Partners, L.P. (NASDAQ:CLMT) to report earnings on May, 3. They expect $-0.31 EPS, down 287.50 % or $0.23 from last year’s $-0.08 per share. After $-0.39 actual EPS reported by Calumet Specialty Products Partners, L.P. for the previous quarter, Wall Street now forecasts -20.51 % EPS growth.

Adams Asset Advisors Llc holds 1.49% of its portfolio in Calumet Specialty Products Partners, L.P. for 1.40 million shares. Barnett & Company Inc. owns 127,600 shares or 0.48% of their US portfolio. Moreover, Gsa Capital Partners Llp has 0.16% invested in the company for 344,834 shares. The Texas-based Linscomb & Williams Inc. has invested 0.09% in the stock. Oakwood Capital Management Llc Ca, a California-based fund reported 28,100 shares.#img1#

Calumet Specialty Products Partners, L.P. (NASDAQ:CLMT) Ratings Coverage

Ratings analysis reveals 50% of Calumet Specialty Products’s analysts are positive. Out of 2 Wall Street analysts rating Calumet Specialty Products, 1 give it “Buy”, 0 “Sell” rating, while 1 recommend “Hold”. The lowest target is $8.0 while the high is $10.0. The stock’s average target of $9 is 23.29% above today’s ($7.3) share price. CLMT was included in 2 notes of analysts from December 29, 2017. The stock of Calumet Specialty Products Partners, L.P. (NASDAQ:CLMT) earned “Hold” rating by Cowen & Co on Thursday, March 8. Wells Fargo maintained the stock with “Buy” rating in Friday, December 29 report.

Calumet Specialty Products Partners, L.P. (NASDAQ:CLMT) Institutional Positions Chart

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