Mutual Advisors LLC Has $1.18 Million Stake in Par Pacific Holdings, Inc. $PARR

Mutual Advisors LLC lessened its stake in Par Pacific Holdings, Inc. (NYSE:PARR) by 49.4% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 33,244 shares of the company’s stock after selling 32,461 shares during the period. Mutual Advisors LLC owned about 0.07% of Par Pacific worth $1,178,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of PARR. Farther Finance Advisors LLC increased its holdings in shares of Par Pacific by 175.9% in the second quarter. Farther Finance Advisors LLC now owns 1,181 shares of the company’s stock valued at $31,000 after purchasing an additional 753 shares in the last quarter. Nisa Investment Advisors LLC lifted its stake in shares of Par Pacific by 157.4% during the second quarter. Nisa Investment Advisors LLC now owns 1,596 shares of the company’s stock valued at $42,000 after acquiring an additional 976 shares during the period. Federated Hermes Inc. acquired a new position in Par Pacific during the 3rd quarter valued at about $44,000. Smartleaf Asset Management LLC boosted its stake in shares of Par Pacific by 81.1% in the 2nd 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 during the last quarter. Finally, Public Employees Retirement System of Ohio grew its holdings in Par Pacific by 17.4% during the 2nd quarter. Public Employees Retirement System of Ohio now owns 2,882 shares of the company’s stock worth $76,000 after acquiring an additional 428 shares during the period. 92.15% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

PARR has been the topic of a number of recent research reports. Tudor Pickering raised Par Pacific from a “hold” rating to a “strong-buy” rating in a research report on Thursday, November 6th. UBS Group increased their price target on shares of Par Pacific from $37.00 to $40.00 and gave the company a “neutral” rating in a report on Wednesday, November 5th. Zacks Research downgraded Par Pacific from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, December 16th. Piper Sandler set a $57.00 price objective on shares of Par Pacific in a research report on Monday, January 12th. Finally, Weiss Ratings restated a “hold (c+)” rating on shares of Par Pacific in a research report on Monday, December 29th. One analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and five have issued a Hold rating to the company. Based on data from MarketBeat.com, Par Pacific currently has an average rating of “Moderate Buy” and an average price target of $44.00.

Par Pacific Price Performance

Shares of Par Pacific stock opened at $40.26 on Thursday. The company has a debt-to-equity ratio of 0.70, a current ratio of 1.51 and a quick ratio of 0.48. The business has a 50 day simple moving average of $38.56 and a two-hundred day simple moving average of $36.66. The stock has a market capitalization of $2.02 billion, a P/E ratio of 8.48 and a beta of 1.23. Par Pacific Holdings, Inc. has a 12 month low of $11.86 and a 12 month high of $48.40.

Par Pacific (NYSE:PARR) last announced its quarterly earnings data on Tuesday, November 4th. The company reported $5.95 earnings per share (EPS) for the quarter, beating 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 firm had revenue of $2.01 billion during the quarter, compared to analyst estimates of $1.72 billion. During the same quarter in the prior year, the firm posted ($0.10) earnings per share. Par Pacific’s quarterly revenue was down 6.1% on a year-over-year basis. As a group, analysts predict that Par Pacific Holdings, Inc. will post 0.15 EPS for the current fiscal year.

Insiders Place Their Bets

In other Par Pacific news, CEO William Monteleone sold 99,284 shares of the company’s stock in a transaction on Friday, November 21st. The shares were sold at an average price of $43.15, for a total value of $4,284,104.60. Following the completion of the transaction, the chief executive officer owned 423,022 shares in the company, valued at $18,253,399.30. This represents a 19.01% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. 4.40% of the stock is currently owned by insiders.

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.