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Calumet Inc. (CLMT)

USD39.99 +0.41 (+1.04%)
US NASDAQ Energy Oil & Gas Refining & Marketing
Address 1060 North Capitol Avenue 46204-1044
Indianapolis, IN, US
CEO Louis Todd Borgmann
IPO 2006-01-26
CIK 2013745 ISIN US1314281049

Explore sections of this company profile

Description

Calumet, Inc. engages in the manufacturing, formulation, and sale of specialty branded products and renewable fuel. It operates through the following segments: Specialty Products and Solutions, Montana/Renewables, Performance Brands, and Corporate. The Specialty Products & Solutions segment consists of customer-focused solutions and formulation businesses. The Montana/Renewables segment is composed of a Great Falls specialty asphalt facility and Montana Renewables facility. The Performance Brands segment includes Royal Purple, Bel-Ray, and TruFuel. The Corporate segment focuses on the general and administrative expenses not allocated to other segments. The company was founded in 1919 and is headquartered in Indianapolis, IN.

Market Cap & Enterprise Value
Merger & Acquisition History

No mergers or acquisitions recorded for this company.

Technical Outlook
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Signal Summary Loading…
Indicator 1D1W2W3W1M
Each column is computed on that timeframe's candles (1D = daily, 1W ≈ weekly, 1M ≈ monthly), not on the same last day. ▲ bullish · ▼ bearish · — neutral. The Net row counts signals per column; hover any cell (or the indicator name) to see the exact rule behind it.
Day Score & sub-scores
Statistical fingerprint & regime detail
Conditional historical analysis
Customize analysis (advanced)
Indicative levels generated algorithmically. Not financial advice.
Risk Profile
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Price Chart
Averages
Trend
Price
Levels
Draw
USD39.99 +0.41 (+1.04%)
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Volume Profile
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Liquidity & share structure
Average Volume
951.4K
Beta
0.72
Float Shares
55.78M
Free Float %
64.3%
Price Performance
1D5D1M3M6M YTD1Y3Y5Y10YMax
+0.75% -4.49% -3.95% +24.40% +70.73% +62.66% +146.34% +94.46% +478.18% +750.53% +48.60%
Rolling Volatility
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Drawdown
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Relative Strength
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Monthly Returns Heatmap
From To
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Annual Monthly Returns
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Daily Returns Distribution
vs.
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Revenue flow

Revenue by geography

Revenue by segment

From To

Revenue composition

From To

By product

By geography

Financial Statements

Income Statement

Balance Sheet

Cash Flow Statement

Key Metrics

Financial Ratios

Employees

Financial Growth (CAGR)

Market Data

Analyst Consensus (23 ratings, all time) Hold
Price Targets & DCF
Current price
39.99
Low 26.00 -35.0%
Consensus 31.00 -22.5%
Median 31.00 -22.5%
High 36.00 -10.0%
DCF (Unlevered) 15.74 -60.6%

DCF figures are point estimates: small changes in growth or discount-rate assumptions move them materially. Read them as a reference, not a precise target.

Ratings Trend (MoM) 33% Bullish
Rating 2026-05 Change
Strong Buy 0 0
Buy 2 -1
Hold 4 0
Sell 0 0
Strong Sell 0 0
Price Target Summary
Period # Analysts Avg Target
Last Month 1
36.00
-10.0%
Last Quarter 2
31.00
-22.5%
Last Year 5
23.85
-40.4%
All Time 8
23.99
-40.0%
Quality scores
Altman Z-Score
1.00
Distress
Piotroski F-Score
3 / 9
Average
MOAT Score
2 / 10
No MOAT
Composite Rating
C
Overall Score
2 / 5
Medium
DCF Score
1 / 5
Low
ROE Score
5 / 5
High
ROA Score
1 / 5
Low
D/E Score
1 / 5
Low
P/E Score
1 / 5
Low
P/Book Score
1 / 5
Low
Operational MOAT
✗ Below peers
  • Revenue growth Oil & Gas Refining & Marketing: -1.3%
    -1.3% Q1'26: +3.6% (vs Q1'25)
  • EPS growth Oil & Gas Refining & Marketing: +42.8%
    +85.4% Q1'26: -94.7% (vs Q1'25)
  • FCF margin FCF growth · Oil & Gas Refining & Marketing: +92.2%
    +1.4% Q1'26: -9.7% (vs Q1'25)
  • EBIT margin Oil & Gas Refining & Marketing: +4.6%
    +2.2% Q1'26: -16.6% (vs Q1'25)
  • ROIC Oil & Gas Refining & Marketing: +5.9%
    Q1'26: +71.6% (vs Q1'25)
  • Share dilution Oil & Gas Refining & Marketing: +0.0%
    +4.4% Q1'26: +0.7% (vs Q1'25)
  • Debt / EBITDA Net debt/EBITDA · Oil & Gas Refining & Marketing: 0.89×
    1.60× Q1'26: -0.06× (vs Q1'25)
Valuation Multiples From To
Price Forecast (3Y) From To
Model
Adjust
P/E
Theoretical Return — If Invested Today

* These projections are based on analyst consensus estimates and user-defined valuation multiples. This table is for informational purposes only and does not constitute a recommendation to buy or sell any security. Past performance is not indicative of future results.

DCF Interactive Model (UFCF)
Projection years:
Market assumptions
WACC components (optional)
Ke (Cost of Equity) = Rf + β (0.72) × ERP
WACC = 88% × Ke + 12% × Kd (56.6%) × (1−t)

Modifying these values recalculates WACC automatically.

Business assumptions
Intrinsic value (base): 15.74 Current price: 39.99
Enterprise Value: Equity Value: Terminal Value: TV as % of EV:

Base values reflect the latest available data for this company and market conditions.

Consensus Estimates
Metric Dec 2011
actual
Dec 2012
actual
Dec 2013
actual
Dec 2014
actual
Dec 2015
actual
Dec 2016
actual
Dec 2017
actual
Dec 2018
actual
Dec 2019
actual
Dec 2020
actual
Dec 2021
actual
Dec 2022
actual
Dec 2023
actual
Dec 2024
actual
Dec 2025
actual
Dec 2026
3 Rev. Ana.
2 EPS Ana.
Dec 2027
4 Rev. Ana.
2 EPS Ana.
Dec 2028
2 Rev. Ana.
1 EPS Ana.
Dec 2029
3 Rev. Ana.
1 EPS Ana.
Dec 2030
3 Rev. Ana.
1 EPS Ana.
Revenue
3.13B
est: 4.77B (-34.2%)
4.66B
est: 4.38B (+6.3%)
5.42B
est: 25.81B (-79.0%)
5.79B
est: 5.67B (+2.1%)
4.21B
est: 4.25B (-0.8%)
3.60B
est: 3.46B (+4.1%)
3.76B
est: 3.82B (-1.4%)
3.50B
est: 3.36B (+4.1%)
3.45B
est: 3.37B (+2.5%)
2.27B
est: 2.20B (+3.0%)
3.15B
est: 3.02B (+4.1%)
4.69B
est: 4.59B (+2.1%)
4.18B
est: 4.15B (+0.8%)
4.19B
est: 4.11B (+2.0%)
4.14B
est: 4.16B (-0.5%)
4.45B
3.77B – 5.12B
+7.1% YoY
4.74B
3.81B – 5.67B
+6.5% YoY
4.84B
3.89B – 5.90B
+2.2% YoY
5.66B
4.55B – 6.90B
+16.9% YoY
5.94B
4.77B – 7.24B
+4.9% YoY
EBITDA
166.40M
est: 258.73M (-35.7%)
383.70M
est: 351.75M (+9.1%)
218.50M
est: 471.81M (-53.7%)
46.80M
est: 274.16M (-82.9%)
194.30M
est: -4.14B (+104.7%)
-39.70M
est: -61.55M (+35.5%)
330.80M
est: 155.05M (+113.4%)
236.10M
est: 136.55M (+72.9%)
201.60M
est: 136.82M (+47.3%)
83.10M
est: 89.49M (-7.1%)
15.60M
est: 360.38M (-95.7%)
104.30M
est: 650.80M (-84.0%)
418.20M
est: 478.45M (-12.6%)
164.50M
est: 473.46M (-65.3%)
238.40M
est: 479.21M (-50.3%)
513.14M
434.64M – 590.46M
+7.1% YoY
546.64M
438.95M – 654.33M
+6.5% YoY
558.57M
448.46M – 680.76M
+2.2% YoY
653.03M
524.31M – 795.89M
+16.9% YoY
685.05M
550.02M – 834.92M
+4.9% YoY
EBIT
92.01M
est: 151.92M (-39.4%)
292.10M
est: 257.65M (+13.4%)
100.70M
est: 73.41M (+37.2%)
-2.20M
est: -238.24M (+99.1%)
19.70M
est: -6.00B (+100.3%)
-134.90M
est: -24.46M (-451.5%)
151.70M
est: 19.49M (+678.3%)
105.20M
est: 17.17M (+512.8%)
91.50M
est: 17.20M (+432.0%)
-22.00M
est: 11.25M (-295.6%)
-109.10M
est: 395.04M (-127.6%)
6.00M
est: 846.33M (-99.3%)
271.40M
est: 315.48M (-14.0%)
15.50M
est: 312.19M (-95.0%)
89.60M
est: 315.98M (-71.6%)
338.35M
286.59M – 389.33M
+7.1% YoY
360.44M
289.43M – 431.45M
+6.5% YoY
368.31M
295.71M – 448.88M
+2.2% YoY
430.59M
345.72M – 524.79M
+16.9% YoY
451.71M
362.67M – 550.53M
+4.9% YoY
Net Income
86.07M
est: 87.83M (-2.0%)
204.54M
est: 187.84M (+8.9%)
3.30M
est: -196.93M (+101.7%)
-112.20M
est: -825.42M (+86.4%)
-139.40M
est: -8.53B (+98.4%)
-328.60M
est: -582.12M (+43.6%)
-103.80M
est: -68.18M (-52.2%)
-55.10M
est: -79.27M (+30.5%)
-43.60M
est: -34.09M (-27.9%)
-149.00M
est: -145.51M (-2.4%)
-254.90M
est: 59.67M (-527.2%)
-169.80M
est: -43.20M (-293.1%)
48.10M
est: -11.90M (+504.2%)
-222.00M
est: -255.88M (+13.2%)
-33.80M
est: -30.79M (-9.8%)
171.04M
-488.21M – 374.48M
+655.5% YoY
109.98M
27.70M – 190.63M
-35.7% YoY
85.03M
63.24M – 109.21M
-22.7% YoY
215.17M
160.03M – 276.36M
+153.1% YoY
309.74M
230.37M – 397.82M
+44.0% YoY
SGA
145.02M
est: 192.70M (-24.7%)
210.36M
est: 194.88M (+7.9%)
287.40M
est: 863.28M (-66.7%)
419.30M
est: 1.93B (-78.3%)
457.00M
est: 221.86M (+106.0%)
390.50M
est: 612.44M (-36.2%)
341.50M
est: 199.27M (+71.4%)
317.90M
est: 175.50M (+81.1%)
312.70M
est: 175.84M (+77.8%)
138.90M
est: 115.01M (+20.8%)
203.90M
est: 364.67M (-44.1%)
197.30M
est: 503.75M (-60.8%)
187.90M
est: 200.29M (-6.2%)
201.20M
est: 198.20M (+1.5%)
171.70M
est: 200.61M (-14.4%)
214.81M
181.95M – 247.18M
+7.1% YoY
228.83M
183.75M – 273.92M
+6.5% YoY
233.83M
187.74M – 284.98M
+2.2% YoY
273.37M
219.49M – 333.18M
+16.9% YoY
286.78M
230.25M – 349.51M
+4.9% YoY
EPS
0.98
est: 2.25 (-56.3%)
3.51
est: 2.18 (+61.0%)
-0.17
est: 3.68 (-104.6%)
-1.61
est: 2.05 (-178.5%)
-1.86
est: -0.38 (-387.9%)
-4.27
est: -3.65 (-16.9%)
-1.34
est: -0.82 (-63.4%)
-0.71
est: -0.95 (+25.5%)
-0.56
est: -0.41 (-36.6%)
-1.86
est: -1.75 (-6.3%)
-3.23
est: -2.53 (-27.6%)
-2.14
est: -1.18 (-81.6%)
0.59
est: -0.15 (+497.7%)
-2.67
est: -2.91 (+8.2%)
-0.39
est: -0.35 (-9.9%)
-0.58
-5.63 – 4.32
-62.2% YoY
1.27
0.32 – 2.20
+320.3% YoY
0.98
0.73 – 1.26
-22.7% YoY
2.48
1.84 – 3.19
+153.1% YoY
3.57
2.66 – 4.59
+44.0% YoY
Historical Ratings (3M)
Date Rating Overall DCF ROE ROA D/E P/E P/B
2026-05-08 C 2/5 1/5 5/5 1/5 1/5 1/5 1/5
2026-05-07 C- 1/5 1/5 3/5 1/5 1/5 1/5 1/5
2026-05-06 C- 1/5 1/5 3/5 1/5 1/5 1/5 1/5
2026-05-05 C- 1/5 1/5 3/5 1/5 1/5 1/5 1/5
2026-05-04 C- 1/5 1/5 3/5 1/5 1/5 1/5 1/5
2026-05-01 C- 1/5 1/5 3/5 1/5 1/5 1/5 1/5
2026-04-30 C- 1/5 1/5 3/5 1/5 1/5 1/5 1/5
2026-04-29 C- 1/5 1/5 3/5 1/5 1/5 1/5 1/5
2026-04-28 C- 1/5 1/5 3/5 1/5 1/5 1/5 1/5
2026-04-27 C- 1/5 1/5 3/5 1/5 1/5 1/5 1/5
2026-04-24 C- 1/5 1/5 3/5 1/5 1/5 1/5 1/5
2026-04-23 C- 1/5 1/5 3/5 1/5 1/5 1/5 1/5
2026-04-22 C- 1/5 1/5 3/5 1/5 1/5 1/5 1/5
2026-04-21 C- 1/5 1/5 3/5 1/5 1/5 1/5 1/5
2026-04-20 C- 1/5 1/5 3/5 1/5 1/5 1/5 1/5
2026-04-17 C- 1/5 1/5 3/5 1/5 1/5 1/5 1/5
2026-04-16 C- 1/5 1/5 3/5 1/5 1/5 1/5 1/5
2026-04-15 C- 1/5 1/5 3/5 1/5 1/5 1/5 1/5

Owner Earnings

Owner's Earnings (history) From To
Owner alignment
Owner's Earnings TTM
83.71M
OE per share TTM
0.96
Owner's Yield
3.00%
Maintenance CapEx ratio
Maint CapEx / Avg PPE
36.8%

Ownership Overview

Ownership breakdown
At a glance
Institutional holders
32
Total invested
136.81M
Insider transactions (90d)
0
Beneficial owners (>5%)
15
Beneficial owners (>5%)
# Reporting person Amount owned % of class Sole voting Shared voting Sole dispositive Shared dispositive Type Citizenship Filing date SEC filing
1 WASSERSTEIN DEBT OPPORTUNITIES MANAGEMENT, LP 4.87M 6.19% 4.87M IA, PN STATE OF DELAWARE, UNITED STATES OF AMERICA 2021-10-12
2 Rajay Bagaria 4.71M 5.99% 264.3K 4.45M 264.3K 4.45M IN UNITED STATES OF AMERICA 2022-02-14
3 David M. Knott, Jr. 4.49M 5.70% 4.37M 124.7K 4.37M 124.7K IN New York 2022-02-11
4 Joseph Dutton 4.45M 5.65% 4.45M 4.45M IN UNITED STATES OF AMERICA 2022-02-14
5 MANAGEMENT, LP 4.45M 5.65% 4.45M 4.45M IA, PN STATES OF AMERICA 2022-02-14
6 WDO MANAGEMENT GP, LLC 4.45M 5.65% 4.45M 4.45M OO STATES OF AMERICA 2022-02-14
7 Dorset Management Corporation 4.30M 5.40% 4.30M 4.30M CO New York 2022-02-11
8 Knott Partners, L.P. 4.04M 5.10% 4.04M 4.04M PN New Jersey 2022-02-11
9 The Heritage Group 3.84M 20.00% 3.57M 270.9K 3.57M 10.00 HC, PN Indiana 2009-03-03
10 CAPITAL, LLC 1.58M 9.66% 1.58M 1.58M CO TEXAS 2008-02-14
11 ENERGY INCOME ADVISORS, LP 1.58M 9.66% 1.58M PN TEXAS 2008-02-14
12 V. SWANK 1.58M 9.66% 1.58M 1.58M IN CITIZEN 2008-02-14
13 - ###-##-#### 1.39M 8.47% 1.39M IN A CALIFORNIA LIMITED PARTNERSHIP 2007-01-30
14 GOLDMAN SACHS & CO. LLC 332.4K 0.40% 332.4K 332.4K BD, IA, OO Delaware 2020-02-06
15 THE GOLDMAN SACHS GROUP, INC. 332.4K 0.40% 332.4K 332.4K HC, CO Delaware 2020-02-06

Institutional Activity (13F)

Institutional ownership trend From To
13F snapshot — 2026 Q1
Investors holding
32
-125 vs prev Q
New positions
7
Closed positions
124
Increased
16
Reduced
9
Put/Call ratio
0.00
Calls held
Puts held
Top institutional holders
# Investor Shares / Δ Mkt value / Δ Own% / Δ Weight% / Δ Avg px / Perf. Hold / Status
1 WASSERSTEIN DEBT OPPORTUNITIES MANAGEMENT, L.P. 5.57M -243.6K (-4.2%) 110.74M +4.6M (+4.3%) 6.43% -0.274 pp 100.00% +0.000 pp USD17.76 +11.9% 6 qtrs
2 ADAMS ASSET ADVISORS, LLC 5.16M -250.0K (-4.6%) 102.46M +3.8M (+3.8%) 5.95% -0.282 pp 13.48% +0.759 pp USD17.70 +12.3% 6 qtrs
3 BLACKROCK, INC. 4.94M +2.1K (+0.0%) 98.17M +8.0M (+8.9%) 5.70% +0.008 pp 0.00% +0.000 pp USD16.76 +18.6% 6 qtrs
4 VANGUARD GROUP INC 4.70M +58.4K (+1.3%) 93.45M +8.7M (+10.2%) 5.42% +0.073 pp 0.00% +0.000 pp USD17.48 +13.7% 6 qtrs
5 GRAHAM CAPITAL MANAGEMENT, L.P. 2.61M +— (+0.0%) 51.86M +4.2M (+8.9%) 3.01% +0.003 pp 1.24% +0.487 pp USD13.40 +48.3% 4 qtrs
6 KNOTT DAVID M JR 2.21M -610.3K (-21.6%) 44.01M -7.5M (-14.6%) 2.55% -0.701 pp 20.38% -0.412 pp USD17.82 +11.5% 6 qtrs
7 STATE STREET CORP 2.16M -50.7K (-2.3%) 42.82M +2.6M (+6.4%) 2.49% -0.056 pp 0.00% +0.000 pp USD17.71 +12.2% 6 qtrs
8 GEODE CAPITAL MANAGEMENT, LLC 1.66M -17.4K (-1.0%) 32.98M +2.4M (+7.7%) 1.91% -0.018 pp 0.00% +0.000 pp USD16.64 +19.4% 6 qtrs
9 SUSQUEHANNA INTERNATIONAL GROUP, LLP 1.27M -10.3K (-0.8%) 25.26M +1.9M (+8.0%) 1.47% -0.010 pp 0.00% +0.000 pp USD17.39 +14.3% 6 qtrs
10 TWO SEAS CAPITAL LP 1.12M +122.0K (+12.2%) 22.29M +4.0M (+22.2%) 1.29% +0.142 pp 0.46% +0.166 pp USD18.43 +7.8% 2 qtrs
11 MORGAN STANLEY 1.12M +329.8K (+41.8%) 22.21M +7.8M (+54.4%) 1.29% +0.381 pp 0.00% +0.001 pp USD20.14 -1.3% 6 qtrs
12 MARSHALL WACE, LLP 767.8K -123.6K (-13.9%) 15.26M -1.0M (-6.2%) 0.89% -0.142 pp 0.01% -0.003 pp USD16.45 +20.8% 5 qtrs
13 BROWN ADVISORY INC 715.7K -50.0K (-6.5%) 14.22M +247.0K (+1.8%) 0.83% -0.057 pp 0.02% +0.002 pp USD18.17 +9.4% 6 qtrs
14 BANK OF AMERICA CORP /DE/ 698.8K +336.8K (+93.0%) 13.88M +7.3M (+110.2%) 0.81% +0.389 pp 0.00% +0.001 pp USD16.31 +21.8% 6 qtrs
15 PARALLAX VOLATILITY ADVISERS, L.P. 625.0K +625.0K (+100.0%) 12.42M +12.4M (+100.0%) 0.72% +0.721 pp 0.02% +0.025 pp USD19.87 +0.0% 1 qtrs NEW
16 NORTHERN TRUST CORP 553.2K -39.4K (-6.7%) 10.99M +177.0K (+1.6%) 0.64% -0.045 pp 0.00% +0.000 pp USD16.77 +18.5% 6 qtrs
17 CHARLES SCHWAB INVESTMENT MANAGEMENT INC 550.5K -5.2K (-0.9%) 10.94M +796.2K (+7.9%) 0.63% -0.005 pp 0.00% +0.000 pp USD17.22 +15.4% 6 qtrs
18 RAYMOND JAMES FINANCIAL INC 496.0K -22.1K (-4.3%) 9.85M +400.2K (+4.2%) 0.57% -0.025 pp 0.00% +0.000 pp USD21.65 -8.2% 5 qtrs
19 UBS GROUP AG 358.6K +169.9K (+90.0%) 7.13M +3.7M (+106.9%) 0.41% +0.196 pp 0.00% +0.001 pp USD17.67 +12.5% 6 qtrs
20 GOLDMAN SACHS GROUP INC 348.1K +195.6K (+128.3%) 6.92M +4.1M (+148.6%) 0.40% +0.226 pp 0.00% +0.001 pp USD19.59 +1.4% 6 qtrs
21 ROYAL BANK OF CANADA 317.3K -38.6K (-10.9%) 6.31M -192.0K (-3.0%) 0.37% -0.044 pp 0.00% +0.000 pp USD17.76 +11.9% 6 qtrs
22 BNP PARIBAS ARBITRAGE, SNC 290.7K +9.6K (+3.4%) 5.78M +646.3K (+12.6%) 0.34% +0.011 pp 0.00% 0.000 pp USD16.74 +18.7% 6 qtrs
23 TREXQUANT INVESTMENT LP 265.6K +83.1K (+45.5%) 5.28M +1.9M (+58.4%) 0.31% +0.096 pp 0.05% +0.013 pp USD16.48 +20.6% 4 qtrs
24 WALLEYE TRADING LLC 261.3K +162.0K (+163.1%) 5.19M +3.4M (+186.5%) 0.30% +0.187 pp 0.01% +0.005 pp USD18.47 +7.6% 4 qtrs
25 CITIGROUP INC 261.0K +80.2K (+44.4%) 5.19M +1.9M (+57.2%) 0.30% +0.093 pp 0.00% +0.001 pp USD18.25 +8.9% 6 qtrs
26 RANGELEY CAPITAL, LLC 259.3K -71.7K (-21.7%) 5.15M -888.5K (-14.7%) 0.30% -0.082 pp 4.28% -0.948 pp USD21.88 -9.2% 5 qtrs
27 FIRST TRUST ADVISORS LP 255.1K +98.8K (+63.2%) 5.07M +2.2M (+77.6%) 0.29% +0.114 pp 0.00% +0.002 pp USD18.88 +5.2% 5 qtrs
28 CITADEL ADVISORS LLC 241.6K -16.8K (-6.5%) 4.80M +84.8K (+1.8%) 0.28% -0.019 pp 0.00% +0.000 pp USD18.17 +9.4% 6 qtrs
29 MARINER, LLC 232.6K -136.8K (-37.0%) 4.62M -2.1M (-31.4%) 0.27% -0.157 pp 0.01% -0.003 pp USD18.36 +8.2% 6 qtrs
30 PEAK6 LLC 210.0K +199.8K (+1,958.8%) 4.17M +4.0M (+2,141.6%) 0.24% +0.230 pp 0.01% +0.008 pp USD19.52 +1.8% 4 qtrs
31 BANK OF NEW YORK MELLON CORP 206.8K +11.7K (+6.0%) 4.11M +548.0K (+15.4%) 0.24% +0.014 pp 0.00% +0.000 pp USD16.15 +23.0% 6 qtrs
32 AYAL CAPITAL ADVISORS LTD 195.0K -221.6K (-53.2%) 3.87M -3.7M (-49.0%) 0.22% -0.255 pp 1.35% -1.642 pp USD16.25 +22.3% 3 qtrs
33 ONE8ZERO8, LLC 188.9K -805.0 (-0.4%) 3.75M +291.3K (+8.4%) 0.22% -0.001 pp 0.82% +0.070 pp USD21.50 -7.6% 5 qtrs
34 BARCLAYS PLC 169.5K +133.8K (+375.5%) 3.37M +2.7M (+430.2%) 0.20% +0.154 pp 0.00% +0.001 pp USD19.60 +1.4% 6 qtrs
35 VOLEON CAPITAL MANAGEMENT LP 161.4K +140.2K (+663.9%) 3.21M +2.8M (+731.7%) 0.19% +0.162 pp 0.07% +0.060 pp USD19.66 +1.1% 2 qtrs
36 NUVEEN, LLC 151.5K -5.6K (-3.6%) 3.01M +143.4K (+5.0%) 0.17% -0.006 pp 0.00% +0.000 pp USD15.76 +26.1% 3 qtrs
37 UBS ASSET MANAGEMENT AMERICAS INC 142.3K +2.6K (+1.9%) 2.83M +278.8K (+10.9%) 0.16% +0.003 pp 0.00% +0.000 pp USD16.10 +23.4% 5 qtrs
38 LPL FINANCIAL LLC 140.6K -1.0K (-0.7%) 2.79M +208.6K (+8.1%) 0.16% -0.001 pp 0.00% +0.000 pp USD17.82 +11.5% 6 qtrs
39 SWISS NATIONAL BANK 136.9K +2.5K (+1.9%) 2.72M +267.4K (+10.9%) 0.16% +0.003 pp 0.00% +0.000 pp USD21.49 -7.5% 5 qtrs
40 INVESCO LTD. 123.6K +14.8K (+13.6%) 2.46M +469.8K (+23.7%) 0.14% +0.017 pp 0.00% +0.000 pp USD17.32 +14.7% 5 qtrs
41 JANE STREET GROUP, LLC 117.1K -17.1K (-12.7%) 2.33M -122.4K (-5.0%) 0.14% -0.020 pp 0.00% +0.000 pp USD17.51 +13.5% 6 qtrs
42 WELLS FARGO & COMPANY/MN 115.3K +23.0K (+24.9%) 2.29M +606.9K (+36.0%) 0.13% +0.027 pp 0.00% +0.000 pp USD17.45 +13.9% 6 qtrs
43 GREAT LAKES ADVISORS, LLC 115.2K -54.0K (-31.9%) 2.29M -798.7K (-25.9%) 0.13% -0.062 pp 0.02% -0.007 pp USD18.25 +8.9% 2 qtrs
44 GARNET EQUITY CAPITAL HOLDINGS, INC. 111.7K -270.2K (-70.7%) 2.22M -4.8M (-68.1%) 0.13% -0.311 pp 0.29% -2.301 pp USD16.52 +20.3% 6 qtrs
45 COLONY GROUP, LLC 110.6K +110.6K (+100.0%) 2.20M +2.2M (+100.0%) 0.13% +0.128 pp 0.00% +0.003 pp USD19.87 +0.0% 1 qtrs NEW
46 LOMBARD ODIER ASSET MANAGEMENT (USA) CORP 100.1K -27.4K (-21.5%) 1.99M -338.0K (-14.5%) 0.12% -0.032 pp 0.18% +0.029 pp USD18.25 +8.9% 2 qtrs
47 FAS WEALTH PARTNERS, INC. 96.3K +— (+0.0%) 1.91M +156.0K (+8.9%) 0.11% +0.000 pp 0.12% +0.005 pp USD16.42 +21.0% 6 qtrs
48 RHUMBLINE ADVISERS 84.3K -14.5K (-14.7%) 1.68M -127.9K (-7.1%) 0.10% -0.017 pp 0.00% 0.000 pp USD15.76 +26.1% 3 qtrs
49 ALLIANCEBERNSTEIN L.P. 70.1K +— (+0.0%) 1.39M +113.6K (+8.9%) 0.08% +0.000 pp 0.00% +0.000 pp USD15.76 +26.1% 3 qtrs
50 CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM 66.3K +2.8K (+4.4%) 1.32M +158.2K (+13.6%) 0.08% +0.003 pp 0.00% +0.000 pp USD21.52 -7.7% 5 qtrs
51 RAFFERTY ASSET MANAGEMENT, LLC 64.5K -379.0 (-0.6%) 1.28M +97.6K (+8.2%) 0.07% 0.000 pp 0.00% +0.001 pp USD17.87 +11.2% 5 qtrs
52 LEGAL & GENERAL GROUP PLC 62.4K -8.2K (-11.7%) 1.24M -49.2K (-3.8%) 0.07% -0.009 pp 0.00% +0.000 pp USD20.34 -2.3% 5 qtrs
53 COMMONWEALTH EQUITY SERVICES, LLC 56.5K +97.0 (+0.2%) 1.12M +93.7K (+9.1%) 0.07% +0.000 pp 0.00% +0.000 pp USD17.71 +12.2% 6 qtrs
54 FOUNDERS FINANCIAL ALLIANCE, LLC 55.9K -1.9K (-3.3%) 1.11M +55.8K (+5.3%) 0.06% -0.002 pp 0.21% +0.011 pp USD17.41 +14.1% 6 qtrs
55 DEUTSCHE BANK AG\ 55.0K +2.1K (+4.0%) 1.09M +127.6K (+13.2%) 0.06% +0.003 pp 0.00% +0.000 pp USD16.03 +24.0% 4 qtrs
56 JPMORGAN CHASE & CO 54.5K +393.0 (+0.7%) 1.08M +95.4K (+9.7%) 0.06% +0.001 pp 0.00% +0.000 pp USD18.25 +8.9% 6 qtrs
57 ENGINEERS GATE MANAGER LP 49.7K -28.2K (-36.2%) 987.1K -434.9K (-30.6%) 0.06% -0.033 pp 0.01% -0.005 pp USD17.78 +11.8% 3 qtrs
58 HEALTHCARE OF ONTARIO PENSION PLAN TRUST FUND 47.2K +47.2K (+100.0%) 938.1K +938.1K (+100.0%) 0.05% +0.054 pp 0.00% +0.002 pp USD19.87 +0.0% 1 qtrs NEW
59 WINTON GROUP LTD 45.1K -21.0K (-31.8%) 895.8K -310.5K (-25.7%) 0.05% -0.024 pp 0.03% -0.014 pp USD15.87 +25.2% 4 qtrs
60 PLANCORP, LLC 45.0K +— (+0.0%) 894.2K +72.9K (+8.9%) 0.05% +0.000 pp 0.03% +0.001 pp USD17.82 +11.5% 6 qtrs
61 CREATIVE PLANNING 43.7K +769.0 (+1.8%) 869.1K +84.9K (+10.8%) 0.05% +0.001 pp 0.00% +0.000 pp USD17.86 +11.3% 6 qtrs
62 DIAMETRIC CAPITAL, LP 42.6K -62.1K (-59.3%) 845.7K -1.1M (-55.7%) 0.05% -0.072 pp 0.23% -0.482 pp USD15.76 +26.1% 5 qtrs
63 PRICE T ROWE ASSOCIATES INC /MD/ 41.3K +3.7K (+9.8%) 821.0K +134.0K (+19.5%) 0.05% +0.004 pp 0.00% +0.000 pp USD16.32 +21.8% 3 qtrs
64 CAPTION MANAGEMENT, LLC 40.0K -120.0K (-75.0%) 794.8K -2.1M (-72.8%) 0.05% -0.138 pp 0.01% -0.017 pp USD18.59 +6.9% 6 qtrs
65 BLUECREST CAPITAL MANAGEMENT LTD 40.0K -20.0K (-33.3%) 794.8K -300.2K (-27.4%) 0.05% -0.023 pp 0.02% -0.001 pp USD17.21 +15.5% 6 qtrs
66 METLIFE INVESTMENT MANAGEMENT, LLC 39.2K -2.5K (-6.0%) 779.0K +17.7K (+2.3%) 0.05% -0.003 pp 0.00% +0.000 pp USD15.76 +26.1% 3 qtrs
67 AMUNDI 39.1K -4.5K (-10.3%) 776.0K -17.7K (-2.2%) 0.05% -0.005 pp 0.00% +0.000 pp USD18.25 +8.9% 2 qtrs
68 VALEO FINANCIAL ADVISORS, LLC 38.6K +— (+0.0%) 767.2K +62.6K (+8.9%) 0.04% +0.000 pp 0.02% +0.001 pp USD17.82 +11.5% 6 qtrs
69 LAURION CAPITAL MANAGEMENT LP 37.6K +37.6K (+100.0%) 747.7K +747.7K (+100.0%) 0.04% +0.043 pp 0.03% +0.028 pp USD19.87 +0.0% 1 qtrs NEW
70 SG AMERICAS SECURITIES, LLC 33.7K +10.8K (+46.8%) 671.0K +251.0K (+59.8%) 0.04% +0.012 pp 0.00% -0.001 pp USD18.77 +5.9% 4 qtrs
71 MIRAE ASSET GLOBAL ETFS HOLDINGS LTD. 32.0K -15.0 (0.0%) 636.4K +51.6K (+8.8%) 0.04% +0.000 pp 0.00% +0.000 pp USD15.76 +26.1% 3 qtrs
72 JANUS HENDERSON GROUP PLC 31.3K +— (+0.0%) 622.2K +50.2K (+8.8%) 0.04% +0.000 pp 0.00% +0.000 pp USD22.02 -9.8% 5 qtrs
73 NUMERAI GP LLC 31.2K +31.2K (+100.0%) 619.7K +619.7K (+100.0%) 0.04% +0.036 pp 0.07% +0.075 pp USD19.87 +0.0% 1 qtrs NEW
74 MANUFACTURERS LIFE INSURANCE COMPANY, THE 30.1K -2.9K (-8.9%) 597.5K -4.9K (-0.8%) 0.03% -0.003 pp 0.00% +0.000 pp USD16.23 +22.4% 6 qtrs
75 O'KEEFE STEVENS ADVISORY, INC. 27.4K -36.0 (-0.1%) 544.0K +43.7K (+8.7%) 0.03% +0.000 pp 0.14% +0.006 pp USD19.74 +0.7% 5 qtrs
76 LINSCOMB & WILLIAMS, INC. 25.9K -30.0K (-53.7%) 514.4K -505.6K (-49.6%) 0.03% -0.035 pp 0.02% -0.022 pp USD17.82 +11.5% 6 qtrs
77 ZURCHER KANTONALBANK (ZURICH CANTONALBANK) 24.8K +— (+0.0%) 492.2K +40.1K (+8.9%) 0.03% +0.000 pp 0.00% +0.000 pp USD20.88 -4.8% 5 qtrs
78 SHAY CAPITAL LLC 24.5K -1.0K (-4.0%) 486.4K +21.2K (+4.6%) 0.03% -0.001 pp 0.05% +0.010 pp USD17.61 +12.8% 5 qtrs
79 INSPIRE INVESTING, LLC 23.5K -1.5K (-5.9%) 467.1K +11.4K (+2.5%) 0.03% -0.002 pp 0.04% -0.002 pp USD16.25 +22.3% 6 qtrs
80 INTECH INVESTMENT MANAGEMENT LLC 22.0K +2.0K (+10.3%) 436.3K +72.9K (+20.1%) 0.03% +0.002 pp 0.00% +0.001 pp USD16.14 +23.1% 3 qtrs
81 NEW YORK STATE COMMON RETIREMENT FUND 21.8K +— (+0.0%) 433.2K +35.3K (+8.9%) 0.03% +0.000 pp 0.00% +0.000 pp USD15.76 +26.1% 3 qtrs
82 SEI INVESTMENTS CO 21.4K +900.0 (+4.4%) 425.4K +51.1K (+13.7%) 0.02% +0.001 pp 0.00% +0.000 pp USD18.32 +8.5% 2 qtrs
83 HIGHTOWER ADVISORS, LLC 20.0K +20.0K (+100.0%) 398.1K +398.1K (+100.0%) 0.02% +0.023 pp 0.00% +0.000 pp USD19.87 +0.0% 1 qtrs NEW
84 CALDWELL SUTTER CAPITAL, INC. 19.5K +— (+0.0%) 387.1K +31.6K (+8.9%) 0.02% +0.000 pp 0.16% +0.012 pp USD17.35 +14.5% 6 qtrs
85 ARIZONA STATE RETIREMENT SYSTEM 19.3K -1.2K (-5.9%) 383.5K +9.3K (+2.5%) 0.02% -0.001 pp 0.00% +0.000 pp USD21.49 -7.5% 5 qtrs
86 POLICE & FIREMEN'S RETIREMENT SYSTEM OF NEW JERSEY 19.2K +138.0 (+0.7%) 381.8K +33.6K (+9.7%) 0.02% +0.000 pp 0.00% +0.000 pp USD16.25 +22.3% 3 qtrs
87 GF FUND MANAGEMENT CO. LTD. 18.6K -155.0 (-0.8%) 370.5K +27.4K (+8.0%) 0.02% 0.000 pp 0.01% +0.000 pp USD21.93 -9.4% 5 qtrs
88 SIMON QUICK ADVISORS, LLC 18.0K +— (+0.0%) 358.4K +29.2K (+8.9%) 0.02% +0.000 pp 0.02% +0.001 pp USD17.82 +11.5% 6 qtrs
89 STATE OF WISCONSIN INVESTMENT BOARD 16.9K -9.3K (-35.4%) 335.0K -141.7K (-29.7%) 0.02% -0.011 pp 0.00% 0.000 pp USD18.25 +8.9% 2 qtrs
90 DAVENPORT & CO LLC 16.8K +16.8K (+100.0%) 333.8K +333.8K (+100.0%) 0.02% +0.019 pp 0.00% +0.002 pp USD19.87 +0.0% 1 qtrs NEW
91 CAXTON ASSOCIATES LLP 16.4K +16.4K (+100.0%) 326.6K +326.6K (+100.0%) 0.02% +0.019 pp 0.01% +0.006 pp USD19.87 +0.0% 1 qtrs NEW
92 LOS ANGELES CAPITAL MANAGEMENT LLC 16.0K -6.0K (-27.3%) 310.8K -91.6K (-22.8%) 0.02% -0.007 pp 0.00% 0.000 pp USD18.25 +8.9% 2 qtrs
93 J.W. COLE ADVISORS, INC. 21.5K -1.2K (-5.1%) 279.9K -133.2K (-32.2%) 0.02% -0.001 pp 0.01% -0.001 pp USD17.32 +14.7% 6 qtrs
94 UBS OCONNOR LLC 175.0K +— (+0.0%) 50.5K -51.6K (-50.5%) 0.20% +0.000 pp 0.01% +0.001 pp USD15.76 +26.1% 3 qtrs
Ownership breakdown by holder

Insider Activity

Insider Activity — Latest Quarter
Ratio by transactions
0.00
Bearish
Ratio by volume
0.00
Bearish
Buys
0
Sells
1
Shares acquired
Shares disposed
3.3K
Cash buys
Cash sales
1.00
Net activity
-3,310
Insider buys vs sells (history) From To
Recent insider transactions From To
Date Person Role Transaction A/D Security Shares Price Value Owned after D/I Filing
2026-04-01 Sajkowski Daniel J Director S-Sale D Common Stock, par value $0.01 per share 3,310 34.46 114.1K 81,958 D
2026-03-31 Morical Gregory J Officer A-Award A Restricted Stock Unit 1,002 0.00 1,002 D
2026-03-31 Krutz John Robert Officer A-Award A Restricted Stock Unit 931 0.00 931 D
2026-03-31 Fleming Bruce A Officer A-Award A Restricted Stock Unit 13,047 0.00 13,047 D
2026-03-31 Borgmann Louis Todd Officer A-Award A Restricted Stock Unit 7,173 0.00 7,173 D
2026-03-09 Obermeier Scott Officer M-Exempt D Restricted Stock Unit 24,090 0.00 0 D
2026-03-09 Morical Gregory J Officer M-Exempt D Restricted Stock Unit 15,348 0.00 0 D
2026-03-09 Mawer Stephen P Director M-Exempt D Restricted Stock Unit 27,806 0.00 0 D
2026-03-09 Fleming Bruce A Officer M-Exempt D Restricted Stock Unit 20,621 0.00 0 D
2026-03-09 Borgmann Louis Todd Officer M-Exempt D Restricted Stock Unit 49,974 0.00 0 D
2026-02-24 Schumacher Amy M Director A-Award A Restricted Stock Unit 782 0.00 782 D
2026-02-24 Raymond Paul C Director A-Award A Restricted Stock Unit 854 0.00 854 D
2026-02-24 Obermeier Scott Officer A-Award A Restricted Stock Units 9,654 0.00 9,654 D
2026-02-24 Morical Gregory J Officer A-Award A Restricted Stock Units 6,197 0.00 6,197 D
2026-02-24 Mawer Stephen P Director A-Award A Restricted Stock Unit 1,175 0.00 1,175 D
2026-02-24 Lunin David Officer A-Award A Restricted Stock Units 9,786 0.00 9,786 D
2026-02-24 Krutz John Robert Officer A-Award A Restricted Stock Unit 2,365 0.00 2,365 D
2026-02-24 Fleming Bruce A Officer A-Award A Restricted Stock Unit 7,700 0.00 7,700 D
2026-02-24 Boss John G. Director A-Award A Restricted Stock Unit 256 0.00 256 D
2026-02-24 Borgmann Louis Todd Officer A-Award A Restricted Stock Unit 64,102 0.00 64,102 D
2025-12-17 Fleming Bruce A Officer G-Gift D Common Stock, par value $0.01 per share 50,000 0.00 537,498 D
2025-12-04 Twitchell Karen A. Director M-Exempt D Restricted Stock Unit 2,526 0.00 0 D
2025-12-04 Straumins Jennifer Director M-Exempt A Common Stock, par value $0.01 per share 5,053 0.00 943,438 D
2025-12-04 Schumacher Amy M Director M-Exempt A Common Stock, par value $0.01 per share 5,053 0.00 251,093 D
2025-12-04 Sajkowski Daniel J Director S-Sale D Common Stock, par value $0.01 per share 2,022 0.00 167,268 D
2025-12-04 Raymond Paul C Director M-Exempt A Common Stock, par value $0.01 per share 5,053 0.00 24,733 D
2025-12-04 Boss John G. Director M-Exempt A Common Stock, par value $0.01 per share 2,526 0.00 29,804 D
2025-11-06 Schumacher Amy M Director A-Award A Restricted Stock Unit 1,172 0.00 1,172 D
2025-11-06 Raymond Paul C Director A-Award A Restricted Stock Unit 1,281 0.00 1,281 D
2025-11-06 Mawer Stephen P Director A-Award A Restricted Stock Unit 1,761 0.00 1,761 D
2025-11-06 Boss John G. Director A-Award A Restricted Stock Unit 384 0.00 384 D
2025-08-05 Schumacher Amy M Director A-Award A Restricted Stock Units 491 0.00 491 D
2025-08-05 Raymond Paul C Director A-Award A Restricted Stock Units 537 0.00 537 D
2025-08-05 Mawer Stephen P Director A-Award A Restricted Stock Unit 2,216 0.00 2,216 D
2025-08-05 Boss John G. Director A-Award A Restricted Stock Unit 483 0.00 483 D
2025-07-01 Sajkowski Daniel J Director S-Sale D Common Stock, par value $0.01 per share 2,000 15.77 31.5K 82,237 D
2025-06-24 Twitchell Karen A. Director M-Exempt D Restricted Stock Unit 3,796 0.00 0 D
2025-06-24 Straumins Jennifer Director M-Exempt A Common Stock, par value $0.01 per share 3,796 0.00 938,385 D
2025-06-24 Schumacher Amy M Director M-Exempt D Restricted Stock Unit 3,796 0.00 0 D
2025-06-24 Sajkowski Daniel J Director S-Sale D Common Stock, par value $0.01 per share 1,518 0.00 164,237 D
2025-06-24 Raymond Paul C Director M-Exempt D Restricted Stock Unit 3,796 0.00 0 D
2025-06-24 Mawer Stephen P Director M-Exempt D Restricted Stock Unit 7,403 0.00 0 D
2025-06-24 Boss John G. Director M-Exempt D Restricted Stock Unit 3,796 0.00 0 D
2025-06-16 Straumins Jennifer Director S-Sale D Common Stock, par value $0.01 per share 100,000 16.23 1.62M 934,589 D
2025-06-16 Morical Gregory J Officer S-Sale D Common Stock, par value $0.01 per share 25,123 16.69 419.3K 39,415 D
2025-06-13 Straumins Jennifer Director S-Sale D Common Stock, par value $0.01 per share 50,000 15.08 754.0K 1,034,589 D
2025-06-11 Twitchell Karen A. Director A-Award A Restricted Stock Unit 7,067 0.00 7,067 D
2025-06-11 Straumins Jennifer Director A-Award A Restricted Stock Unit 7,067 0.00 7,067 D
2025-06-11 Schumacher Amy M Director A-Award A Restricted Stock Unit 7,067 0.00 7,067 D
2025-06-11 Sajkowski Daniel J Director A-Award A Restricted Stock Unit 7,067 0.00 7,067 D
2025-06-11 Raymond Paul C Director A-Award A Restricted Stock Unit 7,067 0.00 7,067 D
2025-06-11 Quintana Julio M Director A-Award A Restricted Stock Unit 7,067 0.00 7,067 D
2025-06-11 NARWOLD KAREN G Director A-Award A Restricted Stock Unit 7,067 0.00 7,067 D
2025-06-11 Mawer Stephen P Director A-Award A Restricted Stock Unit 13,780 0.00 13,780 D
2025-06-11 Boss John G. Director A-Award A Restricted Stock Unit 7,067 0.00 7,067 D
2025-06-10 Quintana Julio M 0 0.00 0
2025-06-10 NARWOLD KAREN G 0 0.00 0
2025-06-09 Twitchell Karen A. Director A-Award A Restricted Stock Unit 3,796 0.00 3,796 D
2025-06-09 Straumins Jennifer Director A-Award A Restricted Stock Unit 3,796 0.00 3,796 D
2025-06-09 Sheets Daniel L Director A-Award A Restricted Stock Unit 3,796 0.00 3,796 D
2025-06-09 Schumacher Amy M Director A-Award A Restricted Stock Unit 3,796 0.00 3,796 D
2025-06-09 Sajkowski Daniel J Director A-Award A Restricted Stock Unit 3,796 0.00 3,796 D
2025-06-09 Raymond Paul C Director A-Award A Restricted Stock Unit 3,796 0.00 3,796 D
2025-06-09 Mawer Stephen P Director A-Award A Restricted Stock Unit 7,403 0.00 7,403 D
2025-06-09 Carter James S Director A-Award A Restricted Stock Unit 3,796 0.00 3,796 D
2025-06-09 Boss John G. Director A-Award A Restricted Stock Unit 3,796 0.00 3,796 D
2025-06-05 Straumins Jennifer Director S-Sale D Common Stock, par value $0.01 per share 100,000 13.17 1.32M 1,084,589 D
2025-06-02 Sajkowski Daniel J Director S-Sale D Common Stock, par value $0.01 per share 20,000 13.40 268.0K 81,959 D
2025-06-02 Carter James S Director P-Purchase A Call Option (right to buy) 90 20.00 1.8K 90 D
2025-05-28 Krutz John Robert Officer A-Award A Restricted Stock Unit 5,660 0.00 5,660 D
2025-05-21 Krutz John Robert Officer Common Stock, par value $0.01 per share 0 0.00 550 D
2025-05-14 Sheets Daniel L Director S-Sale D Common Stock, par value $0.01 per share 10,000 13.79 137.9K 26,824 D
2025-05-13 Sheets Daniel L Director S-Sale D Common Stock, par value $0.01 per share 10,000 13.81 138.1K 46,824 D
2025-05-06 Schumacher Amy M Director A-Award A Restricted Stock Unit 2,046 0.00 2,046 D
2025-05-06 Raymond Paul C Director A-Award A Restricted Stock Units 719 0.00 719 D
2025-05-06 Mawer Stephen P Director A-Award A Restricted Stock Unit 3,074 0.00 3,074 D
2025-05-06 Carter James S Director A-Award A Restricted Stock Units 801 0.00 801 D
2025-05-06 Boss John G. Director A-Award A Restricted Stock Units 239 0.00 239 D
2025-05-01 Sajkowski Daniel J Director S-Sale D Common Stock, par value $0.01 per share 20,000 10.66 213.2K 101,959 D
2025-04-22 Mawer Stephen P Director S-Sale D Common Stock, par value $0.01 per share 3,655 9.29 34.0K 283,652 D
2025-04-01 Sajkowski Daniel J Director S-Sale D Common Stock, par value $0.01 per share 20,000 12.55 251.0K 121,959 D
2025-03-31 Morical Gregory J Officer A-Award A Restricted Stock Unit 3,595 0.00 3,595 D
2025-03-31 Lunin David Officer A-Award A Restricted Stock Unit 1,890 0.00 1,890 D
2025-03-31 Fleming Bruce A Officer A-Award A Restricted Stock Unit 28,320 0.00 28,320 D
2025-03-31 Borgmann Louis Todd Officer A-Award A Restricted Stock Units 3,090 0.00 3,090 D
2025-03-24 Mawer Stephen P Director S-Sale D Common Stock, par value $0.01 per share 3,655 12.88 47.1K 287,307 D
2025-03-11 Obermeier Scott Officer F-InKind D Common Stock, par value $0.01 per share 13,993 0.00 224,150 D
2025-03-11 Morical Gregory J Officer M-Exempt D Restricted Stock Unit 55,634 0.00 0 D
2025-03-11 Mawer Stephen P Director M-Exempt D Restricted Stock Unit 169,937 0.00 0 D
2025-03-11 Fleming Bruce A Officer M-Exempt D Restricted Stock Unit 173,066 0.00 0 D
2025-03-11 DONARGO VINCENT Officer M-Exempt D Restricted Stock Unit 9,024 0.00 0 D
2025-03-11 Borgmann Louis Todd Officer M-Exempt D Restricted Stock Unit 114,120 0.00 0 D
2025-03-06 Mawer Stephen P Director S-Sale D Common Stock, par value $0.01 per share 3,655 12.64 46.2K 196,898 D
2025-03-04 Lunin David Officer P-Purchase A Common Stock, par value $0.01 per share 2,500 13.05 32.6K 2,500 D
2025-03-03 Sajkowski Daniel J Director S-Sale D Common Stock, par value $0.01 per share 20,000 13.73 274.6K 141,959 D
2025-02-25 Schumacher Amy M Director A-Award A Restricted Stock Unit 1,553 0.00 1,553 D
2025-02-25 Raymond Paul C Director A-Award A Restricted Stock Units 539 0.00 539 D
2025-02-25 Obermeier Scott Officer A-Award A Restricted Stock Unit 36,748 0.00 36,748 D
2025-02-25 Morical Gregory J Officer A-Award A Restricted Stock Unit 22,766 0.00 22,766 D
2025-02-25 Mawer Stephen P Director A-Award A Restricted Stock Units 737 0.00 737 D
2025-02-25 Lunin David Officer A-Award A Restricted Stock Unit 37,463 0.00 37,463 D
2025-02-25 Fleming Bruce A Officer A-Award A Restricted Stock Unit 32,649 0.00 32,649 D
2025-02-25 DONARGO VINCENT Officer A-Award A Restricted Stock Unit 16,632 0.00 16,632 D
2025-02-25 Carter James S Director A-Award A Restricted Stock Units 595 0.00 595 D
2025-02-25 Boss John G. Director A-Award A Restricted Stock Units 169 0.00 169 D
2025-02-25 Borgmann Louis Todd Officer A-Award A Restricted Stock Unit 189,472 0.00 189,472 D
2025-01-17 Schumacher Amy M Director M-Exempt D Restricted Stock Unit 55,950 0.00 0 D
2025-01-17 Mawer Stephen P Director M-Exempt D Restricted Stock Unit 46,572 0.00 0 D
2025-01-17 Carter James S Director M-Exempt D Restricted Stock Units 66,573 0.00 0 D
2024-12-18 Straumins Jennifer Director S-Sale D Common Stock, par value $0.01 per share 37,861 21.42 811.0K 1,184,589 D
2024-12-04 Straumins Jennifer Director M-Exempt D Restricted Stock Unit 8,921 0.00 0 D
2024-12-04 Sheets Daniel L Director M-Exempt D Restricted Stock Unit 8,921 0.00 0 D
2024-12-04 Schumacher Amy M Director M-Exempt A Common Stock, par value $0.01 per share 8,921 0.00 186,294 D
2024-12-04 Sajkowski Daniel J Director M-Exempt D Restricted Stock Unit 8,921 0.00 0 D
2024-12-04 Raymond Paul C Director M-Exempt D Restricted Stock Unit 8,921 0.00 0 D
2024-12-04 Carter James S Director M-Exempt D Restricted Stock Units 8,921 0.00 0 D
2024-12-03 Straumins Jennifer Director S-Sale D Common Stock, par value $0.01 per share 75,000 21.65 1.62M 1,213,529 D
2024-11-22 Borgmann Louis Todd Officer A-Award A Common Stock, par value $0.01 per share 10,000 21.78 217.8K 171,413 D
2024-11-21 Borgmann Louis Todd Officer S-Sale D Call Option (right to buy) 900 20.00 18.0K 0 D
2024-11-13 Straumins Jennifer Director S-Sale D Common Stock, par value $0.01 per share 100,000 20.05 2.01M 1,288,529 D
2024-11-12 Straumins Jennifer Director S-Sale D Common Stock, par value $0.01 per share 100,000 20.59 2.06M 1,388,529 D
2024-11-07 Twitchell Karen A. Director A-Award A Restricted Stock Unit 4,935 0.00 4,935 D
2024-11-07 Straumins Jennifer Director A-Award A Restricted Stock Unit 4,935 0.00 4,935 D
2024-11-07 Sheets Daniel L Director A-Award A Restricted Stock Unit 4,935 0.00 4,935 D
2024-11-07 Schumacher Amy M Director A-Award A Restricted Stock Unit 1,067 0.00 1,067 D
2024-11-07 Sajkowski Daniel J Director A-Award A Restricted Stock Unit 4,935 0.00 4,935 D
2024-11-07 Raymond Paul C Director A-Award A Restricted Stock Units 380 0.00 380 D
2024-11-07 Mawer Stephen P Director A-Award A Restricted Stock Unit 9,624 0.00 9,624 D
2024-11-07 Carter James S Director A-Award A Restricted Stock Unit 4,935 0.00 4,935 D
2024-11-07 Boss John G. Director A-Award A Restricted Stock Units 313 0.00 313 D
2024-05-15 Morical Gregory J Officer S-Sale D Common Units 11,111 15.04 167.1K 33,845
2024-05-07 Schumacher Amy M Director A-Award A Phantom Units 441 0.00 441
2024-05-07 Raymond Paul C Director A-Award A Phantom Unit 1,417 0.00 1,417
2024-05-07 Carter James S Director A-Award A Phantom Unit 1,594 0.00 1,594
2024-05-07 Boss John G. Director A-Award A Phantom Units 389 0.00 389
2024-04-26 DONARGO VINCENT Officer D Common Unit 0 0.00 9,125
2024-04-04 Fleming Bruce A Officer M-Exempt D Phantom Unit 182,072 0.00 0
2024-04-04 Borgmann Louis Todd Officer F-InKind D Common Unit 42,479 0.00 161,413
2024-02-21 Willman Ryan Officer A-Award A Phantom Units 1,500 0.00 1,500
2024-02-21 Schumacher Amy M Director A-Award A Phantom Units 421 0.00 421
2024-02-21 Raymond Paul C Director A-Award A Phantom Units 450 0.00 450
2024-02-21 Lunin David Officer A-Award A Phantom Units 22,478 0.00 22,478
2024-02-21 Carter James S Director A-Award A Phantom Units 506 0.00 506
2024-02-21 Boss John G. Director A-Award A Phantom Units 371 0.00 371
2024-01-18 Willman Ryan Officer M-Exempt D Phantom Units 744 0.00 0
2024-01-18 Obermeier Scott Officer M-Exempt D Phantom Units 25,100 0.00 0
2024-01-18 Morical Gregory J Officer M-Exempt D Phantom Units 20,601 0.00 0
2024-01-18 Mawer Stephen P Director M-Exempt A Common Units 68,310 0.00 218,364
2024-01-18 Fleming Bruce A Officer M-Exempt D Phantom Unit 31,865 0.00 0
2024-01-18 Borgmann Louis Todd Officer M-Exempt D Phantom Units 24,497 0.00 0
2024-01-01 Lunin David Officer D Phantom Units 20,000 0.00 0
2023-11-17 Boss John G. Director P-Purchase A Common Units 5,000 14.54 72.7K 5,000
2023-11-16 Borgmann Louis Todd Officer P-Purchase A Call Option (right to buy) 200 20.00 4.0K 900
2023-11-07 Twitchell Karen A. Director A-Award A Phantom Units 7,490 0.00 7,490
2023-11-07 Straumins Jennifer Director A-Award A Phantom Units 7,490 0.00 7,490
2023-11-07 Sheets Daniel L Director A-Award A Phantom Units 7,490 0.00 7,490
2023-11-07 Schumacher Amy M Director A-Award A Phantom Units 539 0.00 539
2023-11-07 Sajkowski Daniel J Director A-Award A Phantom Units 7,490 0.00 7,490
2023-11-07 Raymond Paul C Director A-Award A Phantom Units 1,732 0.00 1,732
2023-11-07 Mawer Stephen P Director A-Award A Phantom Units 14,606 0.00 14,606
2023-11-07 Carter James S Director A-Award A Phantom Units 7,490 0.00 7,490
2023-11-07 Boss John G. Director A-Award A Phantom Units 1,428 0.00 1,428
2023-10-19 Willman Ryan Officer F-InKind D Common Unit 3,139 0.00 8,361
2023-09-13 DONARGO VINCENT Officer M-Exempt A Common Unit 10,000 0.00 10,000
2023-08-01 Sheets Daniel L Director A-Award A Phantom Unit 606 0.00 606
2023-08-01 Schumacher Amy M Director A-Award A Phantom Units 1,481 0.00 1,481
2023-08-01 Raymond Paul C Director A-Award A Phantom Unit 524 0.00 524
2023-08-01 Morical Gregory J Officer A-Award A Phantom Units 30,694 0.00 30,694
2023-08-01 Mawer Stephen P Director A-Award A Phantom Units 61,387 0.00 61,387
2023-08-01 Fleming Bruce A Officer A-Award A Phantom Unit 107,428 0.00 107,428
2023-08-01 Carter James S Director A-Award A Phantom Units 1,750 0.00 1,750
2023-08-01 Boss John G. Director A-Award A Phantom Unit 430 0.00 430
2023-08-01 Borgmann Louis Todd Officer A-Award A Phantom Units 107,428 0.00 107,428
2023-05-11 Obermeier Scott Officer P-Purchase A Common Unit 4,800 16.99 81.6K 192,599
2023-05-02 Sheets Daniel L Director A-Award A Phantom Unit 438 0.00 438
2023-05-02 Schumacher Amy M Director A-Award A Phantom Units 382 0.00 382
2023-05-02 Raymond Paul C Director A-Award A Phantom Units 1,198 0.00 1,198
2023-05-02 Carter James S Director A-Award A Phantom Units 455 0.00 455
2023-05-02 Boss John G. Director A-Award A Phantom Unit 305 0.00 305
2023-04-20 Fleming Bruce A Officer M-Exempt D Phantom Units 63,203 0.00 0
2023-04-20 Borgmann Louis Todd Officer M-Exempt D Phantom Unit 42,135 0.00 0
2023-03-15 Willman Ryan Officer A-Award A Phantom Units 1,676 0.00 1,676
2023-03-15 Morical Gregory J Officer D Common Units 0 0.00 33,845
2023-03-15 Mawer Stephen P Director A-Award A Phantom Units 10,924 0.00 10,924
2023-03-15 DONARGO VINCENT Officer A-Award A Phantom Unit 18,182 0.00 18,182
2023-03-01 Sajkowski Daniel J Director S-Sale D Common Units 11,142 19.52 217.5K 156,607
2023-02-21 Willman Ryan Officer A-Award A Phantom Unit 9,226 0.00 9,226
2023-02-21 Sheets Daniel L Director A-Award A Phantom Units 403 0.00 403
2023-02-21 Schumacher Amy M Director A-Award A Phantom Units 326 0.00 326
2023-02-21 Raymond Paul C Director A-Award A Phantom Unit 1,057 0.00 1,057
2023-02-21 Obermeier Scott Officer A-Award A Phantom Unit 24,090 0.00 24,090
2023-02-21 Mawer Stephen P Director A-Award A Phantom Units 27,806 0.00 27,806
2023-02-21 Lawn Marc Officer A-Award A Phantom Units 7,821 0.00 7,821
2023-02-21 Fleming Bruce A Officer A-Award A Phantom Units 20,621 0.00 20,621
2023-02-21 DONARGO VINCENT Officer A-Award A Phantom Units 24,603 0.00 24,603
2023-02-21 Carter James S Director A-Award A Phantom Units 401 0.00 401
2023-02-21 Boss John G. Director A-Award A Phantom Units 807 0.00 807
2023-02-21 Borgmann Louis Todd Officer A-Award A Phantom Unit 49,974 0.00 49,974
2023-02-14 Willman Ryan Officer A-Award A Phantom Unit 9,809 0.00 9,809
2023-02-14 Obermeier Scott Officer A-Award A Phantom Unit 25,613 0.00 25,613

Executive team

Top executives
EBIT / Employee
59.6K
Shares Outstanding
86.78M

Executive compensation

Executive compensation (annual)
# Year Executive Salary Bonus Stock award Option award Incentive Other Total % Stock-
based
Filing
1 2025 Todd Borgmann President & Chief Executive Officer 950.0K 4.46M 1.29M 106.7K 6.80M 65.52%
2 2025 Scott Obermeier President - Specialties 492.8K 785.8K 639.4K 20.5K 1.94M 40.53%
3 2025 Bruce Fleming Executive Vice President - Montana Renewables & Corporate Strategy 532.5K 748.8K 468.4K 177.5K 1.93M 38.85%
4 2025 David Lunin Executive Vice President - Chief Financial Officer 491.9K 799.8K 595.9K 21.1K 1.91M 41.91%
5 2025 Gregory Morical Senior Vice President, General Counsel & Secretary 415.5K 491.6K 360.0K 34.3K 1.30M 37.78%
6 2024 Todd Borgmann President & Chief Executive Officer 783.8K 587.8K 58.0K 1.43M 0.00%
7 2024 Todd Borgmann President & Chief Executive Office 783.8K 587.8K 58.0K 1.43M 0.00%
8 2024 David Lunin Executive Vice President - Chief Financial Officer 479.5K 239.8K 384.8K 136.9K 1.24M 31.01%
9 2024 Bruce Fleming Executive Vice President - Montana Renewables & Corporate Strategy 478.8K 359.1K 140.2K 978.2K 0.00%
10 2024 Scott Obermeier Executive Vice President - Specialties 468.9K 234.5K 18.4K 721.8K 0.00%
11 2024 Scott Obermeier President - Specialties 468.9K 234.5K 18.4K 721.8K 0.00%
12 2024 Gregory Morical Senior Vice President, General Counsel & Secretary 380.0K 152.0K 35.1K 567.1K 0.00%
13 2023 Todd Borgmann President & Chief Executive Office 735.0K 1.75M 17.0K 2.50M 69.94%
14 2023 Todd Borgmann President & Chief Executive Officer 735.0K 1.75M 17.0K 2.50M 69.94%
15 2023 Bruce Fleming Executive Vice President - Montana Renewables & Corporate Strategy 464.3K 1.75M 19.7K 2.23M 78.34%
16 2023 Gregory Morical Senior Vice President, General Counsel & Secretary 348.7K 500.0K 15.8K 864.5K 57.84%
17 2023 Scott Obermeier President - Specialties 445.3K 302.8K 17.6K 765.6K 0.00%
18 2023 Scott Obermeier Executive Vice President - Specialties 445.3K 302.8K 17.6K 765.6K 0.00%
19 2022 Todd Borgmann President & Chief Executive Office 568.6K 2.20M 1.28M 21.4K 4.07M 54.02%
20 2022 Bruce Fleming Executive Vice President - Montana Renewables & Corporate Strategy 447.0K 2.36M 1.01M 25.7K 3.83M 61.44%
21 2022 Gregory Morical Senior Vice President, General Counsel & Secretary 332.7K 787.8K 399.3K 33.3K 1.55M 50.72%
22 2022 Scott Obermeier Executive Vice President - Specialties 397.2K 470.0K 610.8K 22.6K 1.50M 31.32%
23 2020 Scott Obermeier Executive Vice President - Specialty Products & Solutions 333.0K 100.0K 12.0K 1.57M 0.00%
24 2020 D. West Griffin Former Executive Vice President - Chief Financial Officer 1.07M 1.07M 0.00%
25 2020 Stephen P. Mawer Chief Executive Officer 543.8K 70.0K 675.0K 0.00%
26 2020 Bruce A. Fleming Executive Vice President - Montana Renewables & Corporate Strategy 422.7K 19.6K 442.3K 0.00%
27 2020 Timothy Go Former Chief Executive Officer 304.8K 79.4K 384.2K 0.00%
28 2019 Timothy Go Former Chief Executive Officer 600.0K 435.0K 16.1K 1.49M 0.00%
29 2019 Bruce A. Fleming Executive Vice President - Montana Renewables & Corporate Strategy 410.4K 18.3K 1.22M 0.00%
30 2019 D. West Griffin Former Executive Vice President - Chief Financial Officer 424.4K 187.4K 611.8K 0.00%
31 2018 Timothy Go Former Chief Executive Officer 537.5K 237.3K 55.8K 1.21M 0.00%
32 2018 D. West Griffin Former Executive Vice President - Chief Financial Officer 412.1K 232.8K 178.4K 1.13M 0.00%
33 2018 Bruce A. Fleming Executive Vice President - Montana Renewables & Corporate Strategy 398.5K 225.0K 14.6K 937.0K 0.00%
34 2014 F. William Grube Chief Executive Officer and Vice Chairman of the Board 441.1K 302.2K 89.9K 1.23M 0.00%
35 2014 Timothy R. Barnhart Executive Vice President — Operations 309.0K 172.7K 89.1K 968.1K 0.00%
36 2014 Jennifer G. Straumins Executive Vice President — Strategy and Development 360.5K 201.5K 92.1K 887.9K 0.00%
37 2014 R. Patrick Murray, II Executive Vice President and Chief Financial Officer 329.6K 165.8K 87.2K 852.4K 0.00%
38 2014 William A. Anderson Executive Vice President — Sales 279.1K 156.0K 79.0K 731.7K 0.00%
39 2013 F. William Grube Chief Executive Officer and Vice Chairman of the Board 428.3K 6.1K 503.1K 0.00%
40 2013 Timothy R. Barnhart Executive Vice President — Operations 300.0K 6.6K 446.3K 0.00%
41 2013 Jennifer G. Straumins Executive Vice President — Strategy and Development 350.0K 17.5K 406.5K 0.00%
42 2013 R. Patrick Murray, II Executive Vice President and Chief Financial Officer 320.0K 18.3K 390.9K 0.00%
43 2013 William A. Anderson Executive Vice President — Sales 279.1K 15.7K 294.9K 0.00%
44 2012 F. William Grube Chief Executive Officer and Vice Chairman of the Board 413.0K 892.5K 40.6K 2.04M 0.00%
45 2012 Timothy R. Barnhart Executive Vice President — Operations 271.0K 325.2K 19.3K 1.35M 0.00%
46 2012 Jennifer G. Straumins Executive Vice President — Strategy and Development 297.5K 595.0K 19.4K 1.34M 0.00%
47 2012 R. Patrick Murray, II Executive Vice President and Chief Financial Officer 292.0K 525.6K 19.4K 1.33M 0.00%
48 2012 William A. Anderson Executive Vice President — Sales 271.0K 542.0K 19.3K 1.23M 0.00%
CEO compensation breakdown

Proxy statements

Proxy statements (DEF 14A)
Filing date Form type Filing
2026-04-20 DEFA14A
2026-04-20 DEF 14A

Recent SEC filings

Recent SEC filings
Filing date Form type Filing
2026-05-08 8-K
2026-05-08 10-Q
2026-04-20 DEFA14A
2026-04-20 DEF 14A
2026-04-20 ARS
2026-04-02 SC 13G/A
2026-04-02 4
2026-04-02 4
2026-04-02 4
2026-04-02 4

Executive team

NameTitleCompensationGender
Louis Todd Borgmann President, Chief Executive Officer & Director 2M male
Bruce A. Fleming Executive Vice President of Montana Renewables & Corporate Development 1M male
Scott Obermeier President of Specialties 1M male
David Lunin Executive Vice President & Chief Financial Officer 1M male
Gregory J. Morical Senior Vice President, General Counsel & Secretary 809.8K male
John Robert Krutz Chief Accounting Officer 434.4K male
John Kompa Director of Investor Relations male
Chris Hodges Alpha IR male
ESG Rating
B
OIL & GAS EXPLORATION & PRODUCTION
2022
E (Environmental)
65.7 / 55.4
Company / Sector avg.
S (Social)
71.3 / 56.8
Company / Sector avg.
G (Governance)
58.0 / 58.9
Company / Sector avg.
ESG Total
65.0 / 57.1
Company / Sector avg.
ESG Score History OIL & GAS EXPLORATION & PRODUCTION
Benchmark vs Sector
Senate Trading Activity

No Senate trading activity found for this company.

House Trading Activity

No House trading activity found for this company.

Market share among peers
Peer comparison — filtered group (TTM)
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Dividend yield history

Dividend history

Earnings history

Earnings reports

Stock splits