Par Pacific Holdings, Inc. $PARR Shares Purchased by Globeflex Capital L P

Globeflex Capital L P lifted its holdings in Par Pacific Holdings, Inc. (NYSE:PARR) by 27.0% in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 63,507 shares of the company’s stock after purchasing an additional 13,497 shares during the period. Globeflex Capital L P’s holdings in Par Pacific were worth $2,232,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in the business. Federated Hermes Inc. acquired a new position in Par Pacific during the 3rd quarter worth approximately $44,000. Aster Capital Management DIFC Ltd acquired a new position in Par Pacific during the 3rd quarter worth approximately $48,000. Smartleaf Asset Management LLC grew its holdings in Par Pacific by 81.1% during the 2nd quarter. Smartleaf Asset Management LLC now owns 2,340 shares of the company’s stock worth $62,000 after acquiring an additional 1,048 shares in the last quarter. Quadrant Capital Group LLC acquired a new position in Par Pacific during the 3rd quarter worth approximately $136,000. Finally, Mutual of America Capital Management LLC acquired a new position in Par Pacific during the 3rd quarter worth approximately $201,000. Institutional investors and hedge funds own 92.15% of the company’s stock.

Insider Buying and Selling

In related news, CEO William Monteleone sold 108,948 shares of the company’s stock in a transaction on Monday, March 16th. The shares were sold at an average price of $54.06, for a total value of $5,889,728.88. Following the completion of the sale, the chief executive officer owned 457,167 shares in the company, valued at $24,714,448.02. This represents a 19.24% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 3.60% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

Several research analysts have commented on the stock. Mizuho upgraded shares of Par Pacific from a “neutral” rating to an “outperform” rating and boosted their price target for the stock from $58.00 to $79.00 in a report on Wednesday, May 27th. The Goldman Sachs Group upgraded shares of Par Pacific from a “neutral” rating to a “buy” rating and boosted their price objective for the stock from $53.00 to $77.00 in a research report on Friday, April 10th. JPMorgan Chase & Co. boosted their price objective on shares of Par Pacific from $48.00 to $77.00 and gave the stock an “overweight” rating in a research report on Wednesday, April 8th. Guggenheim upgraded shares of Par Pacific to an “outperform” rating in a research report on Wednesday, May 27th. Finally, Zacks Research upgraded shares of Par Pacific from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, April 21st. One research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $70.00.

Par Pacific Stock Down 2.8%

PARR stock opened at $55.60 on Friday. The company has a fifty day moving average price of $61.60 and a 200 day moving average price of $49.09. Par Pacific Holdings, Inc. has a 12 month low of $20.89 and a 12 month high of $70.39. The company has a market cap of $2.79 billion, a price-to-earnings ratio of 6.21 and a beta of 0.83. The company has a debt-to-equity ratio of 0.63, a current ratio of 1.62 and a quick ratio of 0.60.

Par Pacific (NYSE:PARR) last released its quarterly earnings results on Tuesday, May 5th. The company reported $0.78 EPS for the quarter, missing the consensus estimate of $1.00 by ($0.22). Par Pacific had a net margin of 6.02% and a return on equity of 34.38%. The business had revenue of $1.82 billion during the quarter, compared to analysts’ expectations of $1.78 billion. During the same quarter last year, the company earned ($0.94) EPS. The firm’s revenue for the quarter was up 4.5% compared to the same quarter last year. Sell-side analysts expect that Par Pacific Holdings, Inc. will post 15.41 earnings per share for the current year.

Par Pacific Company 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.