The PNC Financial Services Group Inc. decides to keep it stake in Calumet Specialty Products Partners, L.P (CLMT) to the level of $142,000

The PNC Financial Services Group Inc. decides to keep it stake in Calumet Specialty Products Partners, L.P (CLMT) to the level of $142,000

PNC Financial Services Group Inc. lowered its stake in Calumet Specialty Products Partners, L.P (NASDAQ:CLMT) by 71.9% during the second quarter, Holdings Channel reports. The firm owned 28,988 shares of the company’s stock after selling 74,337 shares during the period. PNC Financial Services Group Inc.’s holdings in Calumet Specialty Products Partners, L.P were worth $142,000 at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in the company. Commonwealth Equity Services Inc raised its stake in Calumet Specialty Products Partners, L.P by 11.7% in the second quarter. Commonwealth Equity Services Inc now owns 21,643 shares of the company’s stock valued at $106,000 after buying an additional 2,274 shares during the period. Creative Planning raised its stake in Calumet Specialty Products Partners, L.P by 27.1% in the second quarter. Creative Planning now owns 33,956 shares of the company’s stock valued at $166,000 after buying an additional 7,250 shares during the period. Arrow Investment Advisors LLC raised its stake in Calumet Specialty Products Partners, L.P by 96.9% in the second quarter. Arrow Investment Advisors LLC now owns 57,921 shares of the company’s stock valued at $284,000 after buying an additional 28,500 shares during the period. State Street Corp raised its stake in Calumet Specialty Products Partners, L.P by 4.1% in the first quarter. State Street Corp now owns 52,980 shares of the company’s stock valued at $622,000 after buying an additional 2,072 shares during the period. Finally, Rafferty Asset Management LLC raised its stake in Calumet Specialty Products Partners, L.P by 25.5% in the first quarter. Rafferty Asset Management LLC now owns 110,787 shares of the company’s stock valued at $1,302,000 after buying an additional 22,513 shares during the period.

Shares of Calumet Specialty Products Partners, L.P (NASDAQ:CLMT) traded down 3.89% during trading on Friday, hitting $4.20. The stock had a trading volume of 455,744 shares. The firm has a 50-day moving average price of $5.35 and a 200 day moving average price of $5.68. Calumet Specialty Products Partners, L.P has a 52 week low of $3.42 and a 52 week high of $27.88. The company’s market capitalization is $320.76 million.

Calumet Specialty Products Partners, L.P (NASDAQ:CLMT) last released its quarterly earnings data on Thursday, August 4th. The company reported ($1.89) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.34) by $1.55. Equities analysts anticipate that Calumet Specialty Products Partners, L.P will post ($3.09) earnings per share for the current year.

Several analysts have recently issued reports on the company. Zacks Investment Research lowered Calumet Specialty Products Partners, L.P from a “hold” rating to a “sell” rating in a report on Monday, August 8th. DA Davidson reissued a “neutral” rating on shares of Calumet Specialty Products Partners, L.P in a report on Monday, September 19th. Finally, FBR & Co started coverage on Calumet Specialty Products Partners, L.P in a research note on Friday, September 9th. They issued a “market perform” rating and a $6.00 price objective on the stock. Six analysts have rated the stock with a sell rating and ten have issued a hold rating to the company. Calumet Specialty Products Partners, L.P currently has an average rating of “Hold” and a consensus price target of $10.38.

In other Calumet Specialty Products Partners, L.P news, EVP Bruce A. Fleming bought 15,000 shares of Calumet Specialty Products Partners, L.P stock in a transaction that occurred on Wednesday, August 24th. The stock was acquired at an average cost of $5.50 per share, for a total transaction of $82,500.00. Following the completion of the transaction, the executive vice president now directly owns 85,000 shares in the company, valued at $467,500. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

About Calumet Specialty Products Partners, L.P

Calumet Specialty Products Partners, L.P. is a producer of specialty hydrocarbon products. The Company operates through three segments. 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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