Royal Bank of Canada Decreases Stake in Calumet, Inc. $CLMT

Royal Bank of Canada lowered its position in shares of Calumet, Inc. (NASDAQ:CLMT) by 4.4% during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 303,484 shares of the oil and gas company’s stock after selling 13,844 shares during the quarter. Royal Bank of Canada’s holdings in Calumet were worth $10,896,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also recently modified their holdings of CLMT. Covestor Ltd grew its holdings in shares of Calumet by 29.1% in the fourth quarter. Covestor Ltd now owns 2,180 shares of the oil and gas company’s stock valued at $43,000 after acquiring an additional 492 shares in the last quarter. ProShare Advisors LLC lifted its holdings 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 worth $251,000 after acquiring an additional 817 shares during the period. Aster Capital Management DIFC Ltd lifted its holdings in 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 worth $33,000 after acquiring an additional 1,229 shares during the period. Islay Capital Management LLC purchased a new position in Calumet in the fourth quarter worth $25,000. Finally, Global Retirement Partners LLC purchased a new position in Calumet in the fourth quarter worth $34,000. Hedge funds and other institutional investors own 34.41% of the company’s stock.

Insider Buying and Selling at Calumet

In other Calumet news, major shareholder Group Heritage sold 626,998 shares of the stock in a transaction dated 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 transaction, the insider owned 12,980,211 shares in the company, valued at $422,376,065.94. This trade represents a 4.61% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Daniel J. Sajkowski sold 4,240 shares of the business’s stock in a transaction that occurred on 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 sale, the director directly owned 77,718 shares in the company, valued at approximately $2,810,282.88. This trade represents a 5.17% decrease in their position. The disclosure for this sale is available in the SEC filing. 3.15% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

CLMT has been the subject of a number of recent analyst reports. TD Cowen restated a “hold” rating on shares of Calumet in a research note on Wednesday, June 3rd. Weiss Ratings upgraded Calumet from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Monday, May 11th. Finally, The Goldman Sachs Group boosted their price target on shares of Calumet from $36.00 to $40.00 and gave the stock a “neutral” rating in a report on Thursday, July 30th. One investment 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. According to data from MarketBeat, the company has an average rating of “Hold” and an average target price of $37.75.

Calumet Trading Down 5.7%

NASDAQ:CLMT opened at $39.48 on Friday. Calumet, Inc. has a 12 month low of $12.94 and a 12 month high of $45.20. The firm’s 50 day moving average is $37.98 and its 200 day moving average is $32.63. The stock has a market capitalization of $3.44 billion, a PE ratio of -25.47 and a beta of 0.71.

Calumet (NASDAQ:CLMT) last announced its quarterly earnings data on Friday, August 7th. The oil and gas company reported ($1.09) earnings per share for the quarter, missing the consensus estimate of $0.07 by ($1.16). The business had revenue of $1.45 billion during the quarter, compared to analyst estimates of $1.12 billion. The company’s revenue for the quarter was up 40.8% compared to the same quarter last year. During the same period last year, the business posted ($1.70) earnings per share. Research analysts predict that Calumet, Inc. will post -0.13 earnings per share for the current year.

Trending Headlines about Calumet

Here are the key news stories impacting Calumet this week:

• Positive Sentiment: Calumet reported second-quarter adjusted EBITDA with tax attributes of $175.2 million, up from $76.5 million a year earlier. Its Specialty Products and Solutions segment delivered particularly strong results, with adjusted EBITDA rising to $161.7 million from $66.8 million. Calumet Reports Second Quarter 2026 Results
• Positive Sentiment: Management said Montana Renewables completed the first phase of its MaxSAF® 150 expansion and is capturing robust renewable-fuel margins. The company also retired $115 million of debt in July, supporting its deleveraging strategy. Calumet Reports Second Quarter 2026 Results
• Neutral Sentiment: Revenue jumped 40.8% year over year to $1.45 billion, exceeding the $1.12 billion analyst consensus. However, the revenue beat was overshadowed by weaker-than-expected profitability. Calumet Earnings Report
• Neutral Sentiment: Brokerages maintain a consensus “Hold” recommendation, suggesting analysts see limited near-term conviction following the results. Calumet Given Consensus Hold Recommendation
• Negative Sentiment: Calumet posted a second-quarter net loss of $95.9 million, or $1.09 per share, missing the $0.07-per-share consensus estimate by $1.16. The loss was driven largely by non-cash RIN and other mark-to-market items, while Montana/Renewables still reported a GAAP gross loss. Calumet Reports Second Quarter 2026 Results

Calumet 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.