Calumet, Inc. /DE
At today's price, Calumet, Inc. /DE (CLMT) is priced for today's economics sustained for ~32.4 years. boothcheck doesn't publish a fair value or a price target; it shows what the price assumes, so you can judge whether that bar is too high. Built from SEC EDGAR filings.
• Calumet is two businesses bolted together: a steady specialty-products book (lubricating oils, solvents, waxes, asphalt by-products, and Performance Brands make up roughly two-thirds of the mix) and a Montana renewable-fuels plant whose MaxSAF expansion just started up, a four-to-fivefold step-up in sustainable aviation fuel run-rate. • The balance sheet is the live risk: about $2.2 billion of net debt against $138.6 million of liquid assets, negative book equity, and trailing operating income
Is CLMT overvalued? See what's priced in →
169 institutional managers reported holding CLMT in 13F filings for the quarter ended 2026-03-31. Together they hold about 51% of the company; the top 10 hold 36%. 57 opened new positions that quarter. Held by BlackRock, Vanguard Group, State Street, among others. On the short side, 4.0M shares were sold short as of the 2026-06-15 count, about 5% of shares outstanding (4.7 days of typical volume to cover).
Quarterly 13F filings arrive up to 45 days after quarter end, so the picture is never current (filed through 2026-05-29). Nothing here is investment advice.
Open-market insider buys at CLMT over the trailing three years: 2025: 1 buy totaling $33k. 16 officers and directors are on file.
Code P open-market purchases from SEC Form 4 filings, non-derivative, excluding scheduled 10b5-1 plans. Nothing here is investment advice.
CLMT's recent reports: the day-one move, then what the following quarter actually did.
| report | day one | next quarter |
|---|---|---|
| 2025-05-13 | +3.8% | +15.4% |
| 2025-08-09 | -3.5% | +23.0% |
| 2025-11-11 | -2.0% | +3.0% |
| 2026-02-28 | -10.9% | +25.0% |
Day-one is the close-to-close move around the filing. Nothing here is investment advice.
CLMT's latest 8-K filings: 2026-06-03 (items 5.07); 2026-05-08 (items 2.02, 9.01); 2026-03-25 (items 5.02, 7.01, 9.01); 2026-03-17 (items 1.01, 2.03, 7.01, 9.01); 2026-03-13 (items 1.01, 8.01, 9.01).
Item codes are the SEC's own classification of what each report discloses. Nothing here is investment advice.
Last analyzed: June 27, 2026
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For informational and research purposes only. Not investment advice. Not a recommendation to buy, sell, or hold any security. boothcheck is not a registered investment adviser. Past performance does not guarantee future results.