Calumet, Inc. (NASDAQ:CLMT – Get Free Report) Director Daniel Sajkowski sold 4,240 shares of the company’s stock in a transaction dated 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 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 ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link.
Calumet Price Performance
NASDAQ CLMT opened at $36.42 on Friday. The stock has a market capitalization of $3.17 billion, a PE ratio of -16.86 and a beta of 0.72. Calumet, Inc. has a 1 year low of $12.94 and a 1 year high of $38.75. The business’s 50-day moving average is $33.76 and its 200 day moving average is $28.85.
Calumet (NASDAQ:CLMT – Get Free Report) last released its quarterly earnings results on Friday, May 8th. The oil and gas company reported ($3.64) EPS for the quarter, missing analysts’ consensus estimates of ($0.33) by ($3.31). The business had revenue of $1.03 billion during the quarter, compared to analyst estimates of $1 billion. Calumet’s revenue was up 3.6% compared to the same quarter last year. During the same period last year, the firm earned ($1.87) earnings per share. As a group, equities research analysts anticipate that Calumet, Inc. will post -0.28 earnings per share for the current year.
Analyst Ratings Changes
Read Our Latest Stock Analysis on CLMT
Institutional Inflows and Outflows
Several institutional investors have recently modified their holdings of CLMT. Islay Capital Management LLC purchased a new stake in Calumet in the fourth quarter worth about $25,000. Aster Capital Management DIFC Ltd lifted its holdings in shares of Calumet by 294.7% during 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 purchasing an additional 1,229 shares during the last quarter. Global Retirement Partners LLC purchased a new position in shares of Calumet during the fourth quarter valued at approximately $34,000. Covestor Ltd boosted its position in shares of Calumet by 29.1% in the 4th quarter. Covestor Ltd now owns 2,180 shares of the oil and gas company’s stock worth $43,000 after purchasing an additional 492 shares in the last quarter. Finally, Advisory Services Network LLC bought a new stake in shares of Calumet in the 3rd quarter worth approximately $59,000. 34.41% of the stock is currently owned by institutional investors.
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.
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