Daniel Sajkowski Sells 4,240 Shares of Calumet (NASDAQ:CLMT) Stock

Calumet, Inc. (NASDAQ:CLMT) Director Daniel Sajkowski sold 4,240 shares of the firm’s stock in a transaction on Wednesday, July 1st. The stock was sold at an average price of $36.16, for a total value of $153,318.40. Following the completion of the sale, the director directly owned 77,718 shares of the company’s stock, valued at approximately $2,810,282.88. This trade represents a 5.17% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

Calumet Stock Down 0.0%

Shares of Calumet stock traded down $0.01 on Thursday, hitting $36.42. 730,107 shares of the company traded hands, compared to its average volume of 1,220,186. Calumet, Inc. has a 12-month low of $12.94 and a 12-month high of $38.75. The company has a 50-day moving average price of $33.68 and a 200 day moving average price of $28.74. The company has a market cap of $3.17 billion, a PE ratio of -16.86 and a beta of 0.72.

Calumet (NASDAQ:CLMT) last issued its quarterly earnings results on Friday, May 8th. The oil and gas company reported ($3.64) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.33) by ($3.31). The firm had revenue of $1.03 billion during the quarter, compared to the consensus estimate of $1 billion. The business’s revenue was up 3.6% compared to the same quarter last year. During the same quarter in the prior year, the company posted ($1.87) earnings per share. Equities research analysts anticipate that Calumet, Inc. will post -0.28 EPS for the current year.

Analyst Ratings Changes

A number of research firms have recently commented on CLMT. The Goldman Sachs Group downgraded shares of Calumet from a “buy” rating to a “neutral” rating and set a $36.00 price objective for the company. in a report on Friday, April 24th. HC Wainwright lifted their price objective on Calumet from $33.00 to $60.00 and gave the company a “buy” rating in a report on Monday, March 30th. TD Cowen reissued a “hold” rating on shares of Calumet in a report on Wednesday, June 3rd. Finally, Weiss Ratings raised Calumet from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Monday, May 11th. One equities research analyst has rated the stock with a Buy rating, four have given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $36.75.

Institutional Trading of Calumet

Hedge funds and other institutional investors have recently modified their holdings of the stock. Islay Capital Management LLC bought a new position in Calumet in the 4th quarter valued at $25,000. Aster Capital Management DIFC Ltd lifted its holdings in Calumet by 294.7% in the fourth quarter. Aster Capital Management DIFC Ltd now owns 1,646 shares of the oil and gas company’s stock valued at $33,000 after buying an additional 1,229 shares during the period. Global Retirement Partners LLC bought a new position in Calumet in the fourth quarter valued at approximately $34,000. Covestor Ltd grew its holdings in Calumet by 29.1% during the 4th quarter. Covestor Ltd now owns 2,180 shares of the oil and gas company’s stock worth $43,000 after acquiring an additional 492 shares during the period. Finally, Advisory Services Network LLC bought a new stake in shares of Calumet during the 3rd quarter valued at $59,000. Institutional investors and hedge funds own 34.41% of the company’s stock.

Calumet Company Profile

Calumet Specialty Products Partners, L.P. (NASDAQ: CLMT) is an independent provider of high-value, essential product solutions derived from both petroleum and renewable feedstocks. The company operates an integrated network of manufacturing plants, blending terminals and storage facilities across North America, delivering customized products and technical services to industrial, automotive, consumer and agricultural end markets. By leveraging its scale and technical expertise, Calumet tailors supply chain and formulation solutions to meet stringent regulatory and performance requirements.

Calumet’s product portfolio includes specialty lubricants and base oils for high-performance applications; process oils and waxes for food-grade, cosmetic and packaging uses; industrial solvents and cleaning solutions; and fuel additives designed to optimize engine performance and emissions.