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Thursday, March 20, 2014

Calumet Specialty Products Partners L.P. - Price Target $32.40 $CLMT

Calumet Specialty Products Partners, L.P. (NASDAQ:CLMT), is a producer of specialty hydrocarbon products in North America. The Company’s plants are located in Louisiana, Wisconsin, Montana, Texas and Pennsylvania. It operates in two segments: specialty products and fuel products.


Points to consider;
  • Processes crude oil and other feedstocks into a range of customized lubricating oils, white mineral oils, solvents, petrolatums and waxes.
  • Branded products line which include Royal Purple, TrueFuel
  • Its specialty products are sold to domestic and international customers who purchase them as raw material components for basic industrial, consumer and automotive goods.
  • In its fuel products segment, it processes crude oil into a range of fuel and fuel-related products, including gasoline, diesel and jet fuel.
  • In March 2014, Calumet Specialty Products acquired United Petroleum Company.