Lombard Odier Asset Management USA Corp Has $2.14 Million Holdings in Calumet, Inc. $CLMT

Lombard Odier Asset Management USA Corp decreased its holdings in Calumet, Inc. (NASDAQ:CLMT) by 40.5% during the 1st quarter, HoldingsChannel.com reports. The firm owned 59,534 shares of the oil and gas company’s stock after selling 40,561 shares during the period. Lombard Odier Asset Management USA Corp’s holdings in Calumet were worth $2,137,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Islay Capital Management LLC bought a new position in Calumet during the 4th quarter worth $25,000. Aster Capital Management DIFC Ltd grew its position in shares of Calumet by 294.7% in the 4th 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 last quarter. Global Retirement Partners LLC bought a new stake in shares of Calumet in the 4th quarter valued at about $34,000. KBC Group NV acquired a new stake in shares of Calumet in the first quarter valued at about $69,000. Finally, Covestor Ltd increased its stake in shares of Calumet by 29.1% in the fourth quarter. Covestor Ltd now owns 2,180 shares of the oil and gas company’s stock valued at $43,000 after buying an additional 492 shares during the period. 34.41% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Calumet

In related news, major shareholder Group Heritage sold 626,998 shares of the business’s stock in a transaction on Friday, May 15th. The shares were sold at an average price of $32.54, for a total transaction of $20,402,514.92. Following the transaction, the insider owned 12,980,211 shares in the company, valued at $422,376,065.94. The trade was a 4.61% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Daniel J. Sajkowski sold 4,240 shares of the business’s stock in a transaction on Wednesday, July 1st. The shares were sold at an average price of $36.16, for a total transaction of $153,318.40. Following the transaction, the director owned 77,718 shares in the company, valued at $2,810,282.88. The trade was a 5.17% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders own 4.07% of the company’s stock.

Analyst Ratings Changes

CLMT has been the topic of a number of recent analyst reports. The Goldman Sachs Group lowered Calumet from a “buy” rating to a “neutral” rating and set a $36.00 price objective on the stock. in a research note on Friday, April 24th. Weiss Ratings raised shares of Calumet from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Monday, May 11th. HC Wainwright raised their price target on shares of Calumet from $33.00 to $60.00 and gave the stock a “buy” rating in a report on Monday, March 30th. Finally, TD Cowen reaffirmed a “hold” rating on shares of Calumet in a research note on Wednesday, June 3rd. One analyst has rated the stock with a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Hold” and an average target price of $36.75.

Calumet Stock Performance

Shares of CLMT stock opened at $41.69 on Friday. The company has a market cap of $3.63 billion, a P/E ratio of -19.30 and a beta of 0.72. The stock has a 50 day simple moving average of $36.34 and a two-hundred day simple moving average of $31.10. Calumet, Inc. has a fifty-two week low of $12.94 and a fifty-two week high of $45.20.

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 business had revenue of $1.03 billion during the quarter, compared to analysts’ expectations of $1 billion. The business’s revenue for the quarter was up 3.6% on a year-over-year basis. During the same quarter in the previous year, the business posted ($1.87) earnings per share. On average, research analysts predict that Calumet, Inc. will post -0.13 earnings per share for the current year.

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.