Calumet (NASDAQ:CLMT) Director Daniel Sajkowski Sells 3,310 Shares

Calumet, Inc. (NASDAQ:CLMTGet Free Report) Director Daniel Sajkowski sold 3,310 shares of the company’s stock in a transaction dated Wednesday, April 1st. The shares were sold at an average price of $34.46, for a total transaction of $114,062.60. Following the completion of the transaction, the director directly owned 81,958 shares of the company’s stock, valued at approximately $2,824,272.68. The trade was a 3.88% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Calumet Stock Performance

Shares of NASDAQ CLMT traded up $0.47 during midday trading on Thursday, reaching $35.06. 1,082,506 shares of the company’s stock were exchanged, compared to its average volume of 1,491,751. Calumet, Inc. has a 52-week low of $7.68 and a 52-week high of $36.94. The stock has a market capitalization of $3.04 billion, a PE ratio of -89.90 and a beta of 0.85. The business’s fifty day moving average price is $27.64 and its two-hundred day moving average price is $22.21.

Calumet (NASDAQ:CLMTGet Free Report) last released its quarterly earnings results on Friday, February 27th. The oil and gas company reported ($0.43) EPS for the quarter, topping the consensus estimate of ($0.67) by $0.24. The business had revenue of $1.04 billion during the quarter, compared to analyst estimates of $1.04 billion. During the same quarter last year, the firm posted ($0.47) EPS. The company’s revenue was up 9.4% compared to the same quarter last year. Analysts predict that Calumet, Inc. will post -3.02 earnings per share for the current fiscal year.

Calumet News Summary

Here are the key news stories impacting Calumet this week:

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of CLMT. Tulsa Wealth Advisors INC acquired a new position in shares of Calumet in the 4th quarter worth approximately $212,000. Invesco Ltd. raised its position in shares of Calumet by 13.6% during the 4th quarter. Invesco Ltd. now owns 123,607 shares of the oil and gas company’s stock valued at $2,456,000 after acquiring an additional 14,769 shares in the last quarter. Numerai GP LLC bought a new position in Calumet during the fourth quarter worth $620,000. Millennium Management LLC boosted its holdings in Calumet by 119.9% in the fourth quarter. Millennium Management LLC now owns 13,902 shares of the oil and gas company’s stock worth $276,000 after purchasing an additional 83,844 shares during the period. Finally, Trexquant Investment LP boosted its holdings in Calumet by 45.5% in the fourth quarter. Trexquant Investment LP now owns 265,637 shares of the oil and gas company’s stock worth $5,278,000 after purchasing an additional 83,093 shares during the period. Institutional investors own 34.41% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on CLMT shares. The Goldman Sachs Group increased their target price on Calumet from $24.00 to $34.00 and gave the company a “buy” rating in a research note on Thursday, March 12th. TD Cowen upped their price target on shares of Calumet from $19.00 to $25.00 and gave the company a “hold” rating in a report on Thursday, March 5th. UBS Group reiterated a “neutral” rating and set a $26.00 price objective on shares of Calumet in a research note on Friday, February 13th. Weiss Ratings reissued a “sell (d-)” rating on shares of Calumet in a report on Monday, December 29th. Finally, Wall Street Zen lowered shares of Calumet from a “buy” rating to a “hold” rating in a report on Sunday, December 14th. Four research analysts have rated the stock with a Buy rating, three have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $30.17.

Read Our Latest Report on Calumet

About Calumet

(Get Free Report)

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.

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Insider Buying and Selling by Quarter for Calumet (NASDAQ:CLMT)

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