Calumet Specialty ProductsCLMT
CLMT
About: Calumet Inc is a producer of specialty products, including base oils, specialty oils, solvents, esters, and waxes, as well as a variety of fuel and fuel-related products, including asphalt and heavy fuel oils. The company manufactures, formulates, and markets a variety of specialty branded products to customers in various consumer-facing and industrial markets.
Employees: 1,580
0
Funds holding %
of 7,139 funds
–
Analysts bullish %
Fund manager confidence
Based on 2024 Q4 regulatory filings by fund managers ($100M+ AUM)
200% more first-time investments, than exits
New positions opened: 45 | Existing positions closed: 15
146% more call options, than puts
Call options by funds: $119M | Put options by funds: $48.6M
39% more capital invested
Capital invested by funds: $570M [Q3] → $791M (+$221M) [Q4]
30% more funds holding
Funds holding: 91 [Q3] → 118 (+27) [Q4]
29% more funds holding in top 10
Funds holding in top 10: 7 [Q3] → 9 (+2) [Q4]
4.45% more ownership
Funds ownership: 37.39% [Q3] → 41.84% (+4.45%) [Q4]
17% less repeat investments, than reductions
Existing positions increased: 25 | Existing positions reduced: 30
Research analyst outlook
2 Wall Street Analysts provided 1 year price targets over the past 3 months
Low target
$15
0%
upside
Avg. target
$24
61%
upside
High target
$33
121%
upside
2 analyst ratings
1 positive
50%
0 neutral
0%
1 negative
50%
HC Wainwright & Co. Amit Dayal 38% 1-year accuracy 42 / 111 met price target | 121%upside $33 | Buy Reiterated | 12 Feb 2025 |
UBS Manav Gupta 33% 1-year accuracy 5 / 15 met price target | 0%upside $15 | Sell Downgraded | 4 Feb 2025 |
Financial journalist opinion
Based on 5 articles about CLMT published over the past 30 days
Neutral
PRNewsWire
2 days ago
Calumet to Attend Raymond James Conference
INDIANAPOLIS , Feb. 19, 2025 /PRNewswire/ -- Calumet, Inc. (NASDAQ: CLMT) ("Calumet") announced today plans to attend the Raymond James Institutional Investors Conference on Tuesday, March 4, 2025, in Orlando, Florida. Calumet will be holding one-on-one investor meetings throughout the day at the conference.
Neutral
PRNewsWire
3 days ago
Montana Renewables Receives First Drawdown from $1.44 Billion DOE Loan Facility
Initial loan proceeds of $782 million funded today Balance of proceeds to be funded during planned expansion from 2025 through 2028 DOE loan guarantee facilitates expansion of Sustainable Aviation Fuel capacity to 300 million gallons per year INDIANAPOLIS , Feb. 18, 2025 /PRNewswire/ -- Calumet, Inc. (NASDAQ: CLMT) ("Calumet," "we," "our" or "us") announced today that Montana Renewables, LLC, an unrestricted subsidiary of Calumet ("Montana Renewables" or "MRL"), has received its first drawdown of approximately $782 million from its $1.44 billion guaranteed loan facility with the U.S. Department of Energy ("DOE") Loan Programs Office ("LPO"). The loan funds the construction and expansion of the renewable fuels facility owned by Montana Renewables.
Neutral
PRNewsWire
1 week ago
Calumet, Inc. to Release Fourth Quarter and Fiscal Year 2024 Earnings on February 28, 2025
INDIANAPOLIS , Feb. 14, 2025 /PRNewswire/ -- Calumet, Inc. (NASDAQ: CLMT) (the "Company," "Calumet," "we," "our" or "us"), announced today that it plans to report results for the Fourth Quarter and Fiscal Year 2024 on February 28, 2025. A conference call to discuss the financial and operational results is scheduled for February 28th at 9:00 AM ET.
Positive
Zacks Investment Research
3 weeks ago
Calumet, Inc. (CLMT) Surges 12.1%: Is This an Indication of Further Gains?
Calumet, Inc. (CLMT) was a big mover last session on higher-than-average trading volume. The latest trend in earnings estimate revisions might help the stock continue moving higher in the near term.
Neutral
PRNewsWire
3 weeks ago
Montana Renewables Announces Timing Update for DOE Loan Facility
INDIANAPOLIS , Jan. 28, 2025 /PRNewswire/ -- Calumet, Inc. (NASDAQ: CLMT) ("Calumet," the "Company," "we," "our" or "us") has been informed by the U.S. Department of Energy ("DOE") Loan Programs Office ("LPO") that the first tranche of approximately $782 million under the guaranteed loan facility that was previously approved for funding today, January 28, will undergo a tactical delay to confirm alignment with White House priorities. The loan facility, which closed on January 10, will fund the construction and expansion of the renewable fuels facility in Great Falls, Montana, owned by Montana Renewables, LLC ("Montana Renewables" or "MRL"), an unrestricted subsidiary of Calumet.
Positive
Zacks Investment Research
1 month ago
Down -22.21% in 4 Weeks, Here's Why You Should You Buy the Dip in Calumet, Inc. (CLMT)
Calumet, Inc. (CLMT) has become technically an oversold stock now, which implies exhaustion of the heavy selling pressure on it. This, combined with strong agreement among Wall Street analysts in revising earnings estimates higher, indicates a potential trend reversal for the stock in the near term.
Positive
Zacks Investment Research
1 month ago
Calumet, Inc. (CLMT) May Find a Bottom Soon, Here's Why You Should Buy the Stock Now
Calumet, Inc. (CLMT) appears to have found support after losing some value lately, as indicated by the formation of a hammer chart. In addition to this technical chart pattern, strong agreement among Wall Street analysts in revising earnings estimates higher enhances the stock's potential for a turnaround in the near term.
Positive
Seeking Alpha
1 month ago
The Real Calumet Financial Vision Just Stood Up
Calumet Specialty Products has transformed from difficult times to a valuable long-term investment, driven by superb execution, patience, and strategic asset management. Management announced a special analyst conference detailing an $800 million DOE loan at zero percent interest for four years, with significant debt reduction benefits. MRL production capacity will increase significantly through Phase I and Phase II expansions, promising substantial profit lifts and cost reductions.
Neutral
PRNewsWire
1 month ago
Calumet Provides Update on Recent Financing Activity
INDIANAPOLIS , Jan. 15, 2025 /PRNewswire/ -- Calumet, Inc. (NASDAQ: CLMT) (the "Company," "Calumet," "we," "our" or "us") provided an update on its recent financing activity, including the pricing by its wholly owned subsidiaries, Calumet Specialty Products Partners, L.P. (the "Partnership") and Calumet Finance Corp., of their private placement of $100 million in aggregate principal amount of 9.75% Senior Notes due 2028 (the "Notes Offering") and registration its $65 million at-the-market equity program (the "ATM Program").
Neutral
PRNewsWire
1 month ago
Calumet Announces Pricing of $100 Million Private Placement of 9.75% Senior Notes due 2028
INDIANAPOLIS , Jan. 14, 2025 /PRNewswire/ -- Calumet, Inc. (NASDAQ: CLMT) (the "Company" or "Calumet") today announced that its wholly owned subsidiaries, Calumet Specialty Products Partners, L.P. (the "Partnership") and Calumet Finance Corp. (together with the Partnership, the "Issuers"), priced their private placement (the "Offering") under Rule 144A and Regulation S under the Securities Act of 1933, as amended (the "Securities Act"), of $100 million in aggregate principal amount of 9.75% Senior Notes due 2028 (the "New Notes").
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