Squarepoint Ops LLC Purchases Shares of 31,736 Calumet, Inc. $CLMT

Squarepoint Ops LLC purchased a new position in Calumet, Inc. (NASDAQ:CLMT) in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 31,736 shares of the oil and gas company’s stock, valued at approximately $500,000.

Several other institutional investors and hedge funds have also recently modified their holdings of the company. Two Seas Capital LP lifted its stake in shares of Calumet by 56.9% during the 2nd quarter. Two Seas Capital LP now owns 4,497,609 shares of the oil and gas company’s stock valued at $70,860,000 after buying an additional 1,631,098 shares in the last quarter. Geode Capital Management LLC raised its holdings in Calumet by 112.4% during the second quarter. Geode Capital Management LLC now owns 1,704,670 shares of the oil and gas company’s stock valued at $26,860,000 after acquiring an additional 901,933 shares during the period. AYAL Capital Advisors Ltd purchased a new position in shares of Calumet in the second quarter valued at about $5,278,000. BNP Paribas Financial Markets boosted its stake in shares of Calumet by 18,512.3% in the second quarter. BNP Paribas Financial Markets now owns 183,890 shares of the oil and gas company’s stock worth $2,897,000 after acquiring an additional 182,902 shares during the period. Finally, Wasserstein Debt Opportunities Management L.P. boosted its stake in shares of Calumet by 3.2% in the second quarter. Wasserstein Debt Opportunities Management L.P. now owns 5,817,012 shares of the oil and gas company’s stock worth $91,647,000 after acquiring an additional 180,197 shares during the period. 34.41% of the stock is currently owned by institutional investors.

Calumet Trading Down 1.4%

Shares of NASDAQ CLMT opened at $19.73 on Thursday. Calumet, Inc. has a 12-month low of $7.68 and a 12-month high of $23.75. The firm’s 50-day moving average price is $19.39 and its 200-day moving average price is $17.51. The stock has a market capitalization of $1.71 billion, a price-to-earnings ratio of -45.87 and a beta of 1.18.

Calumet (NASDAQ:CLMT) last issued its quarterly earnings data on Friday, November 7th. The oil and gas company reported ($0.21) earnings per share for the quarter, topping the consensus estimate of ($0.30) by $0.09. The company had revenue of $1.08 billion for the quarter, compared to the consensus estimate of $1.06 billion. The company’s revenue was down 2.0% compared to the same quarter last year. During the same period in the previous year, the firm earned ($1.18) earnings per share. On average, equities analysts predict that Calumet, Inc. will post -3.02 EPS for the current fiscal year.

Analyst Ratings Changes

A number of research analysts recently commented on CLMT shares. TD Cowen boosted their price target on Calumet from $15.00 to $18.00 and gave the stock a “hold” rating in a report on Tuesday, November 11th. HC Wainwright reissued a “buy” rating and issued a $33.00 target price on shares of Calumet in a report on Monday, November 10th. Wall Street Zen cut shares of Calumet from a “buy” rating to a “hold” rating in a research note on Sunday, December 14th. The Goldman Sachs Group lifted their price target on shares of Calumet from $15.00 to $20.00 and gave the company a “buy” rating in a report on Wednesday, October 22nd. Finally, Zacks Research raised shares of Calumet from a “strong sell” rating to a “hold” rating in a report on Thursday, November 6th. Four analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $20.04.

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.