Quantbot Technologies LP Has $5.37 Million Holdings in Par Pacific Holdings, Inc. $PARR

Quantbot Technologies LP raised its position in Par Pacific Holdings, Inc. (NYSE:PARR) by 44.4% during the third quarter, according to its most recent filing with the SEC. The firm owned 151,664 shares of the company’s stock after purchasing an additional 46,615 shares during the period. Quantbot Technologies LP owned 0.30% of Par Pacific worth $5,372,000 as of its most recent filing with the SEC.

Several other large investors also recently modified their holdings of the company. Federated Hermes Inc. bought a new position in Par Pacific during the third quarter worth $44,000. Aster Capital Management DIFC Ltd bought a new position in shares of Par Pacific in the 3rd quarter worth about $48,000. Nisa Investment Advisors LLC raised its position in shares of Par Pacific by 157.4% in the 2nd quarter. Nisa Investment Advisors LLC now owns 1,596 shares of the company’s stock worth $42,000 after acquiring an additional 976 shares in the last quarter. USA Financial Formulas acquired a new position in shares of Par Pacific in the 3rd quarter valued at about $82,000. Finally, Smartleaf Asset Management LLC boosted its position in shares of Par Pacific by 81.1% during 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 in the last quarter. 92.15% of the stock is currently owned by institutional investors and hedge funds.

Par Pacific Trading Up 4.9%

NYSE:PARR opened at $42.62 on Friday. The company has a debt-to-equity ratio of 0.70, a current ratio of 1.51 and a quick ratio of 0.48. Par Pacific Holdings, Inc. has a one year low of $11.86 and a one year high of $48.40. The company has a market cap of $2.09 billion, a PE ratio of 5.85 and a beta of 1.23. The firm has a 50-day moving average of $38.39 and a 200-day moving average of $38.04.

Par Pacific (NYSE:PARR) last released its quarterly earnings results on Tuesday, February 24th. The company reported $1.17 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.21 by ($0.04). The company had revenue of $1.81 billion for the quarter, compared to analyst estimates of $1.68 billion. Par Pacific had a net margin of 4.95% and a return on equity of 32.01%. Par Pacific’s revenue for the quarter was down 1.0% on a year-over-year basis. During the same quarter last year, the firm posted ($0.79) EPS. As a group, equities research analysts expect that Par Pacific Holdings, Inc. will post 0.15 EPS for the current fiscal year.

Analyst Ratings Changes

A number of brokerages have weighed in on PARR. TD Cowen lifted their target price on Par Pacific from $39.00 to $48.00 and gave the stock a “buy” rating in a report on Friday. UBS Group lifted their price objective on shares of Par Pacific from $37.00 to $40.00 and gave the company a “neutral” rating in a research note on Wednesday, November 5th. Mizuho boosted their target price on shares of Par Pacific from $45.00 to $49.00 and gave the company a “neutral” rating in a research report on Friday, December 12th. Weiss Ratings restated a “hold (c+)” rating on shares of Par Pacific in a report on Monday, December 29th. Finally, Tudor Pickering raised shares of Par Pacific from a “hold” rating to a “buy” rating in a research note on Thursday, November 6th. Four investment analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $47.33.

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.