Calumet, Inc. $CLMT Shares Sold by SG Americas Securities LLC

SG Americas Securities LLC trimmed its position in shares of Calumet, Inc. (NASDAQ:CLMT) by 51.7% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 16,293 shares of the oil and gas company’s stock after selling 17,455 shares during the quarter. SG Americas Securities LLC’s holdings in Calumet were worth $585,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. Tulsa Wealth Advisors INC acquired a new position in Calumet during the 4th quarter worth approximately $212,000. Invesco Ltd. lifted its holdings in shares of Calumet by 13.6% in the 4th quarter. Invesco Ltd. now owns 123,607 shares of the oil and gas company’s stock valued at $2,456,000 after buying an additional 14,769 shares during the period. Numerai GP LLC acquired a new stake in shares of Calumet in the 4th quarter valued at approximately $620,000. Millennium Management LLC boosted its stake in shares of Calumet by 119.9% in the fourth quarter. Millennium Management LLC now owns 13,902 shares of the oil and gas company’s stock valued at $276,000 after buying an additional 83,844 shares in the last quarter. Finally, Trexquant Investment LP boosted its stake in shares of Calumet by 45.5% in the fourth quarter. Trexquant Investment LP now owns 265,637 shares of the oil and gas company’s stock valued at $5,278,000 after buying an additional 83,093 shares in the last quarter. 34.41% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Calumet

In other Calumet news, Director Daniel J. Sajkowski sold 4,240 shares of Calumet 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 completion of the transaction, the director owned 77,718 shares in the company, valued at approximately $2,810,282.88. The trade was a 5.17% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, major shareholder Group Heritage sold 626,998 shares of the stock in a transaction that occurred on Friday, May 15th. The shares were sold at an average price of $32.54, for a total transaction of $20,402,514.92. Following the completion of the sale, the insider owned 12,980,211 shares in the company, valued at $422,376,065.94. This represents a 4.61% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders own 4.07% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on CLMT shares. Weiss Ratings raised Calumet from a “sell (e+)” rating to a “sell (d-)” rating in a report on Monday, May 11th. HC Wainwright upped their price target on shares of Calumet from $33.00 to $60.00 and gave the stock a “buy” rating in a research note on Monday, March 30th. TD Cowen reiterated a “hold” rating on shares of Calumet in a research note on Wednesday, June 3rd. Finally, The Goldman Sachs Group downgraded shares of Calumet from a “buy” rating to a “neutral” rating and set a $36.00 price objective on the stock. in a report on Friday, April 24th. One analyst has rated the stock with a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, Calumet has an average rating of “Hold” and an average target price of $36.75.

Calumet Stock Performance

Shares of CLMT stock opened at $37.17 on Wednesday. The stock has a fifty day moving average price of $34.05 and a 200 day moving average price of $29.21. The stock has a market cap of $3.24 billion, a PE ratio of -17.21 and a beta of 0.72. Calumet, Inc. has a 1 year low of $12.94 and a 1 year high of $38.75.

Calumet (NASDAQ:CLMT) last announced its quarterly earnings results on Friday, May 8th. The oil and gas company reported ($3.64) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.33) by ($3.31). The firm had revenue of $1.03 billion during the quarter, compared to analyst estimates of $1 billion. During the same period in the prior year, the company posted ($1.87) EPS. The firm’s quarterly revenue was up 3.6% on a year-over-year basis. As a group, equities research analysts predict that Calumet, Inc. will post -0.28 earnings per share 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.