Sanctuary Advisors LLC Sells 25,812 Shares of Par Pacific Holdings, Inc. $PARR

Sanctuary Advisors LLC lessened its stake in Par Pacific Holdings, Inc. (NYSE:PARR) by 78.7% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 6,970 shares of the company’s stock after selling 25,812 shares during the quarter. Sanctuary Advisors LLC’s holdings in Par Pacific were worth $245,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Federated Hermes Inc. bought a new position in shares of Par Pacific in the third quarter valued at approximately $44,000. Aster Capital Management DIFC Ltd bought a new position in shares of Par Pacific during the third quarter valued at about $48,000. Smartleaf Asset Management LLC lifted its position in shares of Par Pacific by 81.1% during the second quarter. Smartleaf Asset Management LLC now owns 2,340 shares of the company’s stock valued at $62,000 after purchasing an additional 1,048 shares in the last quarter. Nisa Investment Advisors LLC lifted its position in shares of Par Pacific by 16.2% during the third quarter. Nisa Investment Advisors LLC now owns 1,855 shares of the company’s stock valued at $66,000 after purchasing an additional 259 shares in the last quarter. Finally, Quadrant Capital Group LLC bought a new position in shares of Par Pacific during the third quarter valued at about $136,000. Institutional investors own 92.15% of the company’s stock.

Analysts Set New Price Targets

PARR has been the topic of a number of recent analyst reports. Weiss Ratings reissued a “hold (c+)” rating on shares of Par Pacific in a research report on Friday, March 27th. Wall Street Zen lowered shares of Par Pacific from a “strong-buy” rating to a “buy” rating in a research report on Saturday. The Goldman Sachs Group raised shares of Par Pacific from a “neutral” rating to a “buy” rating and raised their price target for the company from $53.00 to $77.00 in a research report on Friday, April 10th. JPMorgan Chase & Co. raised their price target on shares of Par Pacific from $48.00 to $77.00 and gave the company an “overweight” rating in a research report on Wednesday, April 8th. Finally, Raymond James Financial raised their price target on shares of Par Pacific from $50.00 to $77.00 and gave the company an “outperform” rating in a research report on Wednesday, March 25th. One research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $67.00.

Par Pacific Stock Performance

NYSE PARR opened at $64.59 on Tuesday. Par Pacific Holdings, Inc. has a 52-week low of $18.02 and a 52-week high of $70.39. The company has a 50-day simple moving average of $59.30 and a 200 day simple moving average of $46.85. The company has a debt-to-equity ratio of 0.63, a quick ratio of 0.60 and a current ratio of 1.62. The company has a market capitalization of $3.24 billion, a PE ratio of 7.21 and a beta of 0.91.

Par Pacific (NYSE:PARR) last posted its quarterly earnings data on Tuesday, May 5th. The company reported $0.78 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.00 by ($0.22). Par Pacific had a return on equity of 34.38% and a net margin of 6.02%.The company had revenue of $1.82 billion for the quarter, compared to analysts’ expectations of $1.78 billion. During the same quarter last year, the business posted ($0.94) EPS. The business’s quarterly revenue was up 4.5% on a year-over-year basis. On average, research analysts predict that Par Pacific Holdings, Inc. will post 14.07 EPS for the current year.

Insider Transactions at Par Pacific

In related news, CEO William Monteleone sold 108,948 shares of the firm’s stock in a transaction dated Monday, March 16th. The shares were sold at an average price of $54.06, for a total transaction of $5,889,728.88. Following the completion of the sale, the chief executive officer owned 457,167 shares in the company, valued at approximately $24,714,448.02. This trade represents a 19.24% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Company insiders own 3.60% of the company’s stock.

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.