one8zero8 LLC acquired a new position in Calumet, Inc. (NASDAQ:CLMT – Free Report) in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 186,020 shares of the oil and gas company’s stock, valued at approximately $6,700,000. Calumet makes up approximately 1.3% of one8zero8 LLC’s holdings, making the stock its 17th largest position. one8zero8 LLC owned approximately 0.21% of Calumet as of its most recent filing with the Securities and Exchange Commission.
A number of other large investors have also recently made changes to their positions in CLMT. Fifth Third Bancorp lifted its holdings in shares of Calumet by 11.3% in the 2nd quarter. Fifth Third Bancorp now owns 3,407 shares of the oil and gas company’s stock valued at $123,000 after acquiring an additional 346 shares during the last quarter. Covestor Ltd increased its stake in Calumet by 29.1% during the fourth 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 last quarter. Caldwell Sutter Capital Inc. raised its position in Calumet by 2.7% during the second quarter. Caldwell Sutter Capital Inc. now owns 20,000 shares of the oil and gas company’s stock valued at $720,000 after purchasing an additional 517 shares during the period. ProShare Advisors LLC raised its position in Calumet by 6.9% during the fourth quarter. ProShare Advisors LLC now owns 12,613 shares of the oil and gas company’s stock valued at $251,000 after purchasing an additional 817 shares during the period. Finally, Aster Capital Management DIFC Ltd lifted its stake 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 purchasing an additional 1,229 shares during the last quarter. 34.41% of the stock is currently owned by institutional investors.
Calumet Stock Down 3.2%
Shares of Calumet stock opened at $49.19 on Thursday. The stock’s fifty day moving average is $39.93 and its two-hundred day moving average is $34.21. Calumet, Inc. has a 52 week low of $13.19 and a 52 week high of $51.50. The company has a market capitalization of $4.32 billion, a PE ratio of -31.74 and a beta of 0.71.
Wall Street Analyst Weigh In
CLMT has been the topic of several analyst reports. Citigroup reissued a “buy” rating on shares of Calumet in a research report on Monday, August 10th. The Goldman Sachs Group lifted their price objective on shares of Calumet from $40.00 to $45.00 and gave the stock a “neutral” rating in a research note on Tuesday. Weiss Ratings reiterated a “sell (d-)” rating on shares of Calumet in a research report on Friday, August 7th. Finally, TD Cowen increased their target price on shares of Calumet from $34.00 to $40.00 and gave the company a “hold” rating in a research note on Wednesday, August 12th. Two investment analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $42.75.
Check Out Our Latest Stock Analysis on Calumet
Insider Transactions at Calumet
In other Calumet news, Director Daniel J. 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 value of $153,318.40. Following the transaction, the director directly owned 77,718 shares in the company, valued at $2,810,282.88. This represents a 5.17% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 3.15% of the stock is currently owned by company insiders.
About Calumet
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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