DAVENPORT & Co LLC Makes New Investment in Calumet, Inc. $CLMT

DAVENPORT & Co LLC bought a new stake in shares of Calumet, Inc. (NASDAQ:CLMT) during the fourth quarter, HoldingsChannel reports. The institutional investor bought 16,800 shares of the oil and gas company’s stock, valued at approximately $334,000.

Several other institutional investors also recently modified their holdings of CLMT. State of Alaska Department of Revenue bought a new stake in shares of Calumet during the third quarter worth approximately $56,000. Advisory Services Network LLC acquired a new position in Calumet in the third quarter valued at approximately $59,000. Ameritas Investment Partners Inc. bought a new position in Calumet in the second quarter valued at approximately $111,000. Russell Investments Group Ltd. grew its holdings in Calumet by 1,287.0% during the 3rd quarter. Russell Investments Group Ltd. now owns 6,172 shares of the oil and gas company’s stock worth $113,000 after acquiring an additional 5,727 shares during the period. Finally, Bessemer Group Inc. acquired a new stake in shares of Calumet during the third quarter worth $150,000. Institutional investors and hedge funds own 34.41% of the company’s stock.

Calumet News Roundup

Here are the key news stories impacting Calumet this week:

• Positive Sentiment: HC Wainwright raised Q1–Q4 2026 and FY2026 EPS estimates and boosted FY2027 to $1.07, while keeping a Buy rating and $60 target — this is the core bullish catalyst for the recent rally. Calumet (NASDAQ:CLMT) Stock Price Expected to Rise, HC Wainwright Analyst Says
• Positive Sentiment: Analyst-driven optimism produced a volume‑backed move (Zacks notes a ~12% intraday surge), suggesting momentum and renewed investor interest after the estimate upgrades. Calumet, Inc. (CLMT) Soars 12%: Is Further Upside Left in the Stock?
• Neutral Sentiment: Coverage and commentary are prompting re‑rating conversations; Yahoo Finance looks at valuation after the recent run, which could temper enthusiasm if multiples appear stretched versus fundamentals. A Look At Calumet (CLMT) Valuation After Its Recent Share Price Surge
• Negative Sentiment: Despite upgrades, consensus full‑year estimates remain negative (noted around ($3.02) previously) and the company has a history of volatile quarterly results — fundamentals still need to improve to justify a $60 target, leaving downside risk if momentum fades. MarketBeat CLMT Overview

Analyst Upgrades and Downgrades

CLMT has been the subject of a number of recent analyst reports. Wall Street Zen downgraded Calumet from a “buy” rating to a “hold” rating in a report on Sunday, December 14th. Weiss Ratings restated a “sell (d-)” rating on shares of Calumet in a research report on Monday, December 29th. UBS Group reaffirmed a “neutral” rating and issued a $26.00 price target on shares of Calumet in a research note on Friday, February 13th. The Goldman Sachs Group increased their price target on shares of Calumet from $24.00 to $34.00 and gave the company a “buy” rating in a research report on Thursday, March 12th. Finally, TD Cowen lifted their price objective on shares of Calumet from $19.00 to $25.00 and gave the stock a “hold” rating in a research note on Thursday, March 5th. Four investment analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $30.17.

Calumet Stock Performance

NASDAQ CLMT opened at $34.59 on Thursday. The business has a 50 day simple moving average of $27.64 and a 200 day simple moving average of $22.21. Calumet, Inc. has a 52-week low of $7.68 and a 52-week high of $36.94. The stock has a market cap of $3.00 billion, a price-to-earnings ratio of -88.69 and a beta of 0.85.

Calumet (NASDAQ:CLMT) last announced its quarterly earnings results on Friday, February 27th. The oil and gas company reported ($0.43) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.67) by $0.24. The company had revenue of $1.04 billion during the quarter, compared to the consensus estimate of $1.04 billion. The business’s quarterly revenue was up 9.4% compared to the same quarter last year. During the same period in the previous year, the firm posted ($0.47) EPS. On average, analysts predict that Calumet, Inc. will post -3.02 EPS for the current year.

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.