Insider Buying: Calumet Specialty Products Partners, L.P. (CLMT) CFO Purchases 4,600 Shares of Stock

Calumet Specialty Products Partners, L.P. (NASDAQ:CLMT) CFO David West Griffin acquired 4,600 shares of the company’s stock in a transaction that occurred on Thursday, June 29th. The shares were acquired at an average cost of $4.15 per share, with a total value of $19,090.00. Following the purchase, the chief financial officer now owns 7,600 shares in the company, valued at approximately $31,540. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

David West Griffin also recently made the following trade(s):

  • On Thursday, July 27th, David West Griffin bought 3,000 shares of Calumet Specialty Products Partners, L.P. stock. The stock was purchased at an average price of $5.14 per share, for a total transaction of $15,420.00.
  • On Wednesday, July 26th, David West Griffin bought 3,000 shares of Calumet Specialty Products Partners, L.P. stock. The shares were acquired at an average cost of $5.34 per share, for a total transaction of $16,020.00.
  • On Friday, July 28th, David West Griffin bought 6,100 shares of Calumet Specialty Products Partners, L.P. stock. The shares were acquired at an average cost of $5.24 per share, for a total transaction of $31,964.00.
  • On Tuesday, July 25th, David West Griffin bought 3,783 shares of Calumet Specialty Products Partners, L.P. stock. The shares were acquired at an average cost of $5.02 per share, for a total transaction of $18,990.66.
  • On Thursday, July 20th, David West Griffin bought 800 shares of Calumet Specialty Products Partners, L.P. stock. The shares were acquired at an average cost of $4.49 per share, for a total transaction of $3,592.00.
  • On Monday, July 17th, David West Griffin bought 6,369 shares of Calumet Specialty Products Partners, L.P. stock. The shares were acquired at an average cost of $4.14 per share, for a total transaction of $26,367.66.
  • On Wednesday, July 12th, David West Griffin acquired 3,000 shares of Calumet Specialty Products Partners, L.P. stock. The stock was purchased at an average cost of $4.19 per share, for a total transaction of $12,570.00.
  • On Tuesday, July 11th, David West Griffin bought 300 shares of Calumet Specialty Products Partners, L.P. stock. The stock was bought at an average cost of $4.15 per share, for a total transaction of $1,245.00.
  • On Monday, July 10th, David West Griffin bought 300 shares of Calumet Specialty Products Partners, L.P. stock. The stock was purchased at an average price of $4.03 per share, with a total value of $1,209.00.
  • On Thursday, July 6th, David West Griffin acquired 3,000 shares of Calumet Specialty Products Partners, L.P. stock. The stock was bought at an average price of $4.17 per share, with a total value of $12,510.00.

Calumet Specialty Products Partners, L.P. (NASDAQ CLMT) traded up 0.96% during mid-day trading on Friday, reaching $5.25. 275,140 shares of the company’s stock were exchanged. Calumet Specialty Products Partners, L.P. has a 52 week low of $5.20 and a 52 week high of $5.36.

Calumet Specialty Products Partners, L.P. (NASDAQ:CLMT) last announced its earnings results on Thursday, May 4th. The oil and gas company reported ($0.08) earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of ($0.68) by $0.60. Calumet Specialty Products Partners, L.P. had a negative return on equity of 65.80% and a negative net margin of 6.97%. The business had revenue of $937.40 million for the quarter, compared to analyst estimates of $1.02 billion. Equities analysts predict that Calumet Specialty Products Partners, L.P. will post ($1.22) EPS for the current fiscal year.

TRADEMARK VIOLATION NOTICE: This article was published by Chaffey Breeze and is the property of of Chaffey Breeze. If you are accessing this article on another site, it was illegally copied and republished in violation of US & international copyright & trademark legislation. The original version of this article can be viewed at https://www.chaffeybreeze.com/2017/07/30/insider-buying-calumet-specialty-products-partners-l-p-clmt-cfo-acquires-19090-00-in-stock-updated-updated-updated.html.

Several analysts recently commented on CLMT shares. Wells Fargo & Company upgraded shares of Calumet Specialty Products Partners, L.P. from a “market perform” rating to an “outperform” rating and set a $6.00 price objective for the company in a research note on Wednesday, May 10th. Zacks Investment Research upgraded shares of Calumet Specialty Products Partners, L.P. from a “hold” rating to a “strong-buy” rating and set a $4.75 target price for the company in a report on Tuesday, July 11th. Cowen and Company reiterated a “hold” rating and set a $5.00 price target on shares of Calumet Specialty Products Partners, L.P. in a report on Friday, July 14th. Finally, BidaskClub raised shares of Calumet Specialty Products Partners, L.P. from a “sell” rating to a “hold” rating in a research report on Monday, July 24th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and one has given a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus target price of $4.46.

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Linscomb & Williams Inc. raised its position in Calumet Specialty Products Partners, L.P. by 0.6% in the first quarter. Linscomb & Williams Inc. now owns 98,163 shares of the oil and gas company’s stock valued at $373,000 after buying an additional 600 shares during the period. Fifth Third Bancorp raised its position in Calumet Specialty Products Partners, L.P. by 5.0% in the first quarter. Fifth Third Bancorp now owns 31,800 shares of the oil and gas company’s stock valued at $121,000 after buying an additional 1,500 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its position in Calumet Specialty Products Partners, L.P. by 6.8% in the fourth quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 137,703 shares of the oil and gas company’s stock valued at $551,000 after buying an additional 8,760 shares during the period. Wells Fargo & Company MN raised its position in Calumet Specialty Products Partners, L.P. by 2.5% in the first quarter. Wells Fargo & Company MN now owns 461,750 shares of the oil and gas company’s stock valued at $1,754,000 after buying an additional 11,265 shares during the period. Finally, Adams Asset Advisors LLC raised its position in Calumet Specialty Products Partners, L.P. by 11.9% in the second quarter. Adams Asset Advisors LLC now owns 705,332 shares of the oil and gas company’s stock valued at $2,998,000 after buying an additional 74,732 shares during the period. 11.31% of the stock is currently owned by hedge funds and other institutional investors.

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.

Insider Buying and Selling by Quarter for Calumet Specialty Products Partners, L.P. (NASDAQ:CLMT)

Receive News & Ratings for Calumet Specialty Products Partners L.P. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Calumet Specialty Products Partners L.P. and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply