Calumet (NASDAQ:CLMT) Sets New 1-Year High – Here’s What Happened

Posted by Geri Gentry on Sep 16th, 2026

Calumet, Inc. (NASDAQ:CLMT – Get Free Report)’s share price hit a new 52-week high on Wednesday . The company traded as high as $58.72 and last traded at $58.67, with a volume of 360600 shares changing hands. The stock had previously closed at $57.55.

Analysts Set New Price Targets

A number of research firms recently issued reports on CLMT. HC Wainwright raised their price objective on shares of Calumet from $60.00 to $75.00 and gave the stock a “buy” rating in a report on Wednesday, September 2nd. TD Cowen raised their price objective on Calumet from $34.00 to $40.00 and gave the stock a “hold” rating in a research note on Wednesday, August 12th. Weiss Ratings restated a “sell (d-)” rating on shares of Calumet in a research note on Friday, August 7th. Citigroup reiterated a “buy” rating on shares of Calumet in a research report on Monday, August 10th. Finally, UBS Group boosted their target price on Calumet from $26.00 to $47.00 and gave the stock a “neutral” rating in a research report on Tuesday, August 25th. Two analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $51.75.

Get Our Latest Analysis on CLMT

Calumet Price Performance

The company has a 50-day simple moving average of $46.46 and a 200-day simple moving average of $37.57. The firm has a market cap of $5.13 billion, a PE ratio of -37.61 and a beta of 0.72.

Calumet (NASDAQ:CLMT – Get Free Report) last issued 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 for the quarter, compared to analysts’ expectations of $1.12 billion. The company’s revenue for the quarter was up 40.8% on a year-over-year basis. During the same period in the prior year, the company earned ($1.70) earnings per share. As a group, equities research analysts predict that Calumet, Inc. will post 0.48 earnings per share for the current year.

Insider Activity

In related news, Director Daniel Sajkowski sold 4,240 shares of the stock in a transaction that occurred on Wednesday, July 1st. The stock was sold at an average price of $36.16, for a total value of $153,318.40. Following the transaction, the director owned 77,718 shares of the company’s stock, valued at $2,810,282.88. This represents a 5.17% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 3.15% of the company’s stock.

Hedge Funds Weigh In On Calumet

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Two Seas Capital LP bought a new stake in Calumet during the 2nd quarter valued at $238,442,000. BlackRock Inc. raised its position in shares of Calumet by 5.1% in the 2nd quarter. BlackRock Inc. now owns 5,234,106 shares of the oil and gas company’s stock valued at $188,532,000 after purchasing an additional 253,578 shares during the last quarter. Bank of America Corp DE lifted its stake in shares of Calumet by 65.1% during the first quarter. Bank of America Corp DE now owns 1,153,744 shares of the oil and gas company’s stock worth $41,419,000 after buying an additional 454,985 shares during the period. Renaissance Technologies LLC acquired a new stake in Calumet during the 1st quarter worth about $14,066,000. Finally, UBS Group AG raised its stake in shares of Calumet by 90.0% in the fourth quarter. UBS Group AG now owns 358,628 shares of the oil and gas company’s stock worth $7,126,000 after purchasing an additional 169,900 shares during the last quarter. 34.41% of the stock is currently owned by institutional investors.

About Calumet

(Get Free Report)

Calumet, formally Calumet Specialty Products Partners, L.P., is a producer of specialty hydrocarbon products and renewable fuels. The company supplies products used in transportation, industrial, commercial and consumer applications, with an emphasis on products that are tailored to specific performance requirements rather than sold solely as commodity fuels.

Its product portfolio includes lubricating oils and additives, solvents, waxes, asphalt and other specialty products, as well as gasoline, diesel and other fuel products.