Calumet (NASDAQ:CLMT) Stock Falls 4.6% – Time to Sell?

Posted by on Oct 29th, 2026

Calumet, Inc. (NASDAQ:CLMT – Get Free Report)’s share price traded down 4.6% during mid-day trading on Tuesday. The stock traded as low as $50.01 and last traded at $49.7750. Approximately 117,088 shares were traded during mid-day trading, a decline of 91% from the average daily volume of 1,264,562 shares. The stock had previously closed at $52.17.

Wall Street Analyst Weigh In

CLMT has been the topic of several recent research reports. Citigroup restated a “buy” rating on shares of Calumet in a report on Monday, August 10th. HC Wainwright raised their price objective on Calumet from $60.00 to $75.00 and gave the company a “buy” rating in a research report on Wednesday, September 2nd. UBS Group boosted their price objective on Calumet from $26.00 to $47.00 and gave the stock a “neutral” rating in a research note on Tuesday, August 25th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Calumet in a research report on Friday, August 7th. Finally, TD Cowen increased their target price on Calumet from $34.00 to $40.00 and gave the company a “hold” rating in a research note on Wednesday, August 12th. One analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $54.75.

View Our Latest Analysis on Calumet

Calumet Stock Performance

The stock’s fifty day moving average is $53.73 and its two-hundred day moving average is $38.10. The firm has a market capitalization of $4.39 billion, a price-to-earnings ratio of -32.19, a price-to-earnings-growth ratio of 0.79 and a beta of 0.78.

Calumet (NASDAQ:CLMT – Get Free Report) last announced its earnings results on Friday, August 7th. The oil and gas company reported ($1.09) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.07 by ($1.16). The firm had revenue of $1.45 billion during the quarter, compared to analyst estimates of $1.12 billion. The business’s revenue was up 40.8% on a year-over-year basis. During the same quarter last year, the firm posted ($1.70) earnings per share. Sell-side analysts anticipate that Calumet, Inc. will post 1.28 earnings per share for the current year.

Institutional Trading of Calumet

Hedge funds have recently made changes to their positions in the stock. Farther Finance Advisors LLC grew its position in shares of Calumet by 8,950.0% during the 3rd quarter. Farther Finance Advisors LLC now owns 905 shares of the oil and gas company’s stock valued at $47,000 after buying an additional 895 shares during the last quarter. GAMMA Investing LLC lifted its holdings in Calumet by 63.3% in the third quarter. GAMMA Investing LLC now owns 926 shares of the oil and gas company’s stock worth $49,000 after acquiring an additional 359 shares during the last quarter. Nykredit A S bought a new position in Calumet in the second quarter worth about $57,000. Global Retirement Partners LLC acquired a new position in Calumet in the second quarter valued at approximately $61,000. Finally, KBC Group NV acquired a new position in Calumet in the first quarter valued at approximately $69,000. Institutional investors and hedge funds own 34.41% of the company’s stock.

Calumet Company Profile

(Get Free Report)

Calumet, formerly known as Calumet Specialty Products Partners, L.P., is a manufacturer of specialty hydrocarbon products and renewable fuels. The company refines crude oil and other feedstocks into products used in industrial, transportation, commercial and consumer applications.

Its specialty product portfolio includes base oils, lubricants, waxes, solvents, asphalt and other highly engineered hydrocarbon products. Calumet also produces fuels and renewable fuels, including renewable diesel and sustainable aviation fuel-related products through its renewable fuels operations.

Founded in 1916, the company serves customers across the United States and supplies products to a range of industries, including automotive, energy, manufacturing, infrastructure and aviation.

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