Profit-Taking or Pivot? Adams Asset Advisors Sells $50M in Calumet Shares After a Nearly 200% Run

1 hour ago 1

Andy Gould, The Motley Fool

Mon, April 27, 2026 astatine 11:13 AM CDT 4 min read

According to an SEC filing dated April 27, 2026, Adams Asset Advisors, LLC reduced its holding successful Calumet (NASDAQ:CLMT) by 1,954,039 shares during the archetypal 4th of 2026. The estimated worth of the shares sold was astir $50.3 million, based connected the mean closing terms for the quarter. Despite the reduction, the quarter-end worth of the Calumet presumption accrued by astir $12.5 cardinal -- a fig that reflects meaningful terms appreciation successful CLMT shares during the period.

Following the sale, Calumet represents 12.9% of Adams Asset Advisors’ 13F reportable AUM.
Top holdings aft the filing:
- NASDAQ: CLMT: $115.0 cardinal (12.9% of AUM)
- NYSE:OXY: $109.4 cardinal (12.3% of AUM)
- NASDAQ:JEPQ: $60.4 cardinal (6.8% of AUM)
- NYSE:SUN: $36.8 cardinal (4.1% of AUM)
- NYSE:ET: $27.8 cardinal (3.1% of AUM)
As of April 27, 2026, Calumet shares were trading astatine $30.82, up astir 194% implicit the past year, outperforming the S&P 500 by astir 164 percent points.

Metric

Value

Market capitalization	$2.68 billion
Revenue (TTM)	$4.14 billion
Net income (TTM)	($33.80 million)

Calumet, Inc. manufactures, formulates, and markets a diversified portfolio of specialty-branded products and renewable fuels to customers crossed a wide scope of consumer-facing and concern markets.

Headquartered successful Indianapolis, Indiana, the institution operates 12 facilities crossed North America and serves astir 2,400 customers successful much than 80 countries.
Business segments see Specialty Products and Solutions (lubricants, basal oils, solvents, waxes); Performance Brands (consumer products including Royal Purple®, Bel-Ray®, and TruFuel®); and Montana Renewables (renewable diesel, sustainable aviation fuel, and renewable naphtha)

After a astir 200% run-up successful Calumet's stock terms implicit the past year, Adams Asset Advisors' determination to trim 1.95 cardinal shares looks a batch similar classical profit-taking -- not a nonaccomplishment of religion successful the company. Notably, adjacent aft the sale, Calumet remains Adams' azygous largest position, which says a batch astir the firm's ongoing conviction.

The concern itself has shown existent progress. For full-year 2025, Calumet reported gross of $4.1 cardinal and adjusted EBITDA with taxation attributes of $293.3 cardinal -- astir 28% higher than the anterior twelvemonth -- portion cutting its restricted-group indebtedness load by much than $220 million. Q4 2025 net per stock came successful astatine ($0.43), which -- though inactive antagonistic -- bushed expert expectations. The company's Montana Renewables subsidiary besides secured a $1.44 cardinal Department of Energy indebtedness warrant and is pursuing a sustainable aviation substance (SAF) enlargement it estimates volition adhd 120 to 150 cardinal gallons of yearly capableness astatine comparatively humble incremental superior cost.

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