Universal Beteiligungs und Servicegesellschaft mbH Makes New $1.15 Million Investment in Par Pacific Holdings, Inc. $PARR

Universal Beteiligungs und Servicegesellschaft mbH acquired a new stake in shares of Par Pacific Holdings, Inc. (NYSE:PARR) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 32,450 shares of the company’s stock, valued at approximately $1,149,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Royal Bank of Canada boosted its stake in Par Pacific by 23.9% in the 1st quarter. Royal Bank of Canada now owns 23,453 shares of the company’s stock worth $334,000 after purchasing an additional 4,525 shares in the last quarter. AQR Capital Management LLC raised its holdings in shares of Par Pacific by 118.2% in the first quarter. AQR Capital Management LLC now owns 164,358 shares of the company’s stock worth $2,344,000 after buying an additional 89,023 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in shares of Par Pacific by 4.6% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 32,304 shares of the company’s stock worth $461,000 after buying an additional 1,427 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its stake in shares of Par Pacific by 4.7% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 146,241 shares of the company’s stock worth $2,085,000 after buying an additional 6,618 shares during the period. Finally, Jane Street Group LLC grew its holdings in shares of Par Pacific by 352.7% during the first quarter. Jane Street Group LLC now owns 270,835 shares of the company’s stock valued at $3,862,000 after buying an additional 211,002 shares during the last quarter. 92.15% of the stock is owned by hedge funds and other institutional investors.

Par Pacific Stock Up 3.6%

Shares of PARR opened at $37.77 on Friday. The company has a market capitalization of $1.90 billion, a price-to-earnings ratio of 7.95 and a beta of 1.24. Par Pacific Holdings, Inc. has a 52 week low of $11.86 and a 52 week high of $48.40. The stock’s 50-day moving average price is $38.90 and its 200-day moving average price is $36.52. The company has a quick ratio of 0.48, a current ratio of 1.51 and a debt-to-equity ratio of 0.70.

Par Pacific (NYSE:PARR) last issued its quarterly earnings data on Tuesday, November 4th. The company reported $5.95 EPS for the quarter, topping analysts’ consensus estimates of $1.98 by $3.97. Par Pacific had a net margin of 3.15% and a return on equity of 23.69%. The business had revenue of $2.01 billion for the quarter, compared to analysts’ expectations of $1.72 billion. During the same quarter last year, the company earned ($0.10) EPS. The business’s revenue was down 6.1% on a year-over-year basis. On average, sell-side analysts predict that Par Pacific Holdings, Inc. will post 0.15 EPS for the current year.

Insider Buying and Selling at Par Pacific

In other news, CEO William Monteleone sold 99,284 shares of the firm’s stock in a transaction dated Friday, November 21st. The stock was sold at an average price of $43.15, for a total transaction of $4,284,104.60. Following the sale, the chief executive officer directly owned 423,022 shares in the company, valued at $18,253,399.30. This trade represents a 19.01% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Richard Creamer sold 15,848 shares of Par Pacific stock in a transaction dated Thursday, November 6th. The shares were sold at an average price of $41.22, for a total value of $653,254.56. Following the completion of the transaction, the executive vice president owned 54,654 shares of the company’s stock, valued at approximately $2,252,837.88. This represents a 22.48% decrease in their position. The disclosure for this sale is available in the SEC filing. 4.40% of the stock is currently owned by company insiders.

Analyst Ratings Changes

PARR has been the subject of a number of research analyst reports. Tudor, Pickering, Holt & Co. upgraded Par Pacific from a “hold” rating to a “buy” rating in a research note on Thursday, November 6th. Weiss Ratings restated a “hold (c+)” rating on shares of Par Pacific in a research note on Monday, December 29th. The Goldman Sachs Group lifted their target price on Par Pacific from $34.00 to $40.00 and gave the stock a “neutral” rating in a report on Wednesday, October 22nd. Zacks Research lowered Par Pacific from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, December 16th. Finally, Tudor Pickering raised shares of Par Pacific from a “hold” rating to a “strong-buy” rating in a research report on Thursday, November 6th. One equities research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and five have assigned a Hold rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $44.00.

Par Pacific Profile

Par Pacific Holdings, Inc (NYSE: PARR) is a diversified downstream energy company engaged in the refining, marketing and logistics of petroleum products. Through its subsidiaries, Par Pacific operates the Par Hawaii Refinery on the island of Oʻahu, which processes crude oil into transportation fuels such as gasoline, diesel and jet fuel, as well as asphalt, petroleum coke and sulfur. In the Rocky Mountain region, the company owns and operates the Salt Lake City Refinery in Utah and associated logistics infrastructure, including pipelines and storage terminals, to support both crude supply and product distribution.

In marketing its refined products, Par Pacific maintains a network of branded and unbranded wholesale accounts across Hawaii and the U.S.