Short Interest Coverage: Could Calumet Specialty Prd PT LP (NASDAQ:CLMT) Change Direction After Less Shorts?

November 29, 2016 - By Nellie Frank   ·   0 Comments

Short Interest Coverage: Could Calumet Specialty Prd PT LP (NASDAQ:CLMT) Change Direction After Less Shorts?

The stock of Calumet Specialty Prd PT LP (NASDAQ:CLMT) registered a decrease of 9.08% in short interest. CLMT’s total short interest was 803,200 shares in November as published by FINRA. Its down 9.08% from 883,400 shares, reported previously. With 253,300 shares average volume, it will take short sellers 3 days to cover their CLMT’s short positions. The short interest to Calumet Specialty Prd PT LP’s float is 1.39%. The stock last traded at $3.5 per share. It is down 17.71% since April 26, 2016 and is downtrending. It has underperformed by 22.97% the S&P500.

Calumet Specialty Products Partners, L.P. is a producer of specialty hydrocarbon products. The company has a market cap of $270.73 million. The Firm operates through three divisions. It currently has negative earnings. 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.

Insitutional Activity: The institutional sentiment increased to 1.22 in Q2 2016. Its up 0.90, from 0.32 in 2016Q1. The ratio increased, as 31 funds sold all Calumet Specialty Products Partners, L.P shares owned while 35 reduced positions. 4 funds bought stakes while 17 increased positions. They now own 5.55 million shares or 44.89% less from 10.07 million shares in 2016Q1.
Spirit Of America Mngmt Corp accumulated 356,209 shares or 0.26% of the stock. Fincl Bank Of America De, a North Carolina-based fund reported 50,657 shares. Deutsche Bancshares Ag accumulated 0% or 22,348 shares. Pnc Fincl Ser Gru has 28,988 shares for 0% of their US portfolio. Kcg Holding holds 0% of its portfolio in Calumet Specialty Products Partners, L.P (NASDAQ:CLMT) for 13,962 shares. Stifel accumulated 607,725 shares or 0.01% of the stock. Oakwood Management Ltd Liability Corp Ca last reported 0.04% of its portfolio in the stock. Sigma Planning reported 19,220 shares or 0.01% of all its holdings. Commonwealth Equity holds 0% or 21,643 shares in its portfolio. Da Davidson And last reported 1,585 shares in the company. Texas Yale Cap Corp has invested 0.02% of its portfolio in Calumet Specialty Products Partners, L.P (NASDAQ:CLMT). Old West Limited Liability Company holds 0.17% of its portfolio in Calumet Specialty Products Partners, L.P (NASDAQ:CLMT) for 47,000 shares. Commonwealth Of Pennsylvania School Empls Retrmt Sys has 128,943 shares for 0.01% of their US portfolio. Blackrock Ltd Liability Company has 1,500 shares for 0% of their US portfolio. Van Eck Associates Corporation reported 281,137 shares or 0.01% of all its holdings.

Insider Transactions: Since August 19, 2016, the stock had 4 insider purchases, and 0 sales for $172,883 net activity. Mawer Stephen P bought $14,025 worth of Calumet Specialty Products Partners, L.P (NASDAQ:CLMT) on Friday, August 19. 15,000 shares were bought by Fleming Bruce A, worth $82,500. On Monday, November 7 the insider William A Anderson bought $61,778.

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

Out of 10 analysts covering Calumet Specialty Products Partners LP (NASDAQ:CLMT), 2 rate it a “Buy”, 2 “Sell”, while 6 “Hold”. This means 20% are positive. Calumet Specialty Products Partners LP has been the topic of 22 analyst reports since August 6, 2015 according to StockzIntelligence Inc. The stock of Calumet Specialty Products Partners, L.P (NASDAQ:CLMT) has “Outperform” rating given on Monday, November 16 by RBC Capital Markets. The firm earned “Neutral” rating on Friday, February 19 by Credit Suisse. The stock of Calumet Specialty Products Partners, L.P (NASDAQ:CLMT) earned “Underperform” rating by Credit Suisse on Monday, April 25. Wells Fargo downgraded the stock to “Market Perform” rating in Monday, April 18 report. Cowen & Co maintained Calumet Specialty Products Partners, L.P (NASDAQ:CLMT) rating on Thursday, February 18. Cowen & Co has “Buy” rating and $23 price target. FBR Capital initiated it with “Mkt Perform” rating and $6 target price in Friday, September 9 report. On Monday, November 23 the stock rating was initiated by Goldman Sachs with “Neutral”. The company was downgraded on Monday, April 18 by RBC Capital Markets. Janney Capital downgraded Calumet Specialty Products Partners, L.P (NASDAQ:CLMT) on Monday, April 18 to “Neutral” rating. The firm has “Sector Perform” rating by RBC Capital Markets given on Friday, May 6.

CLMT Company Profile

Calumet Specialty Products Partners, L.P. (Calumet), incorporated on September 27, 2005, is a producer of specialty hydrocarbon products in North America. The Company’s divisions include specialty products, fuel products and oilfield services. In its specialty products segment, it processes crude oil and other feedstocks into a range of customized lubricating oils, white mineral oils, solvents, petrolatums and waxes. It also blends and market specialty products through Royal Purple, Bel-Ray, TruFuel and Quantum brands. In its fuel products segment, it processes crude oil into a range of fuel and fuel-related products, including gasoline, diesel, jet fuel, asphalt and heavy fuel oils, as well as reselling purchased crude oil to third party customers. The Company’s oilfield services segment makes and markets products and provides oilfield services including drilling fluids, completion fluids, production chemicals and solids control services to the gas and oil exploration industry throughout the United States. The Company’s primary operating assets consist of: Shreveport refinery, Superior refinery, San Antonio refinery, Cotton Valley refinery, Montana refinery, Princeton refinery, Royal Purple facility, Bel-Ray facility, Karns City facility and Dickinson facilities, Anchor Drilling Fluids and Anchor Oilfield Services and Terminals. It also owns and operates seven crude oil loading facilities and related assets in North Dakota and Montana, which provides it with the ability to transport crude oil directly from the point of lease, into its crude oil loading facilities and then onto the Enbridge Pipeline where it can be routed to its refineries and/or third party customers. It uses approximately 3,000 railcars leased from various lessors. This fleet of railcars enables it to receive and ship crude oil and distribute various specialty products and fuel products throughout the United States and Canada to and from each of its facilities.

More notable recent Calumet Specialty Products Partners, L.P (NASDAQ:CLMT) news were published by: Fool.com which released: “How Risky Is Calumet Specialty Products Partners, LP?” on September 16, 2016, also Fool.com with their article: “3 Reasons Calumet Specialty Products Partners, LP Stock Could Fall” published on September 26, 2016, Prnewswire.com published: “Calumet Specialty Products Partners, L.P. Schedules Third Quarter 2016 Results …” on October 13, 2016. More interesting news about Calumet Specialty Products Partners, L.P (NASDAQ:CLMT) were released by: Fool.com and their article: “3 Reasons Calumet Specialty Products Partners, LP Stock Could Rise” published on September 22, 2016 as well as Prnewswire.com‘s news article titled: “Calumet Specialty Products Partners, L.P. Reports Third Quarter 2016 Results” with publication date: November 03, 2016.

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By Nellie Frank


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