52,569 Shares in Par Pacific Holdings, Inc. (NYSE:PARR) Bought by GSA Capital Partners LLP

GSA Capital Partners LLP purchased a new position in shares of Par Pacific Holdings, Inc. (NYSE:PARR - Free Report) during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 52,569 shares of the company's stock, valued at approximately $925,000. GSA Capital Partners LLP owned approximately 0.09% of Par Pacific at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of the company. Harbor Capital Advisors Inc. increased its holdings in Par Pacific by 160.2% during the 3rd quarter. Harbor Capital Advisors Inc. now owns 513,254 shares of the company's stock valued at $9,033,000 after acquiring an additional 315,967 shares in the last quarter. Janney Montgomery Scott LLC lifted its stake in Par Pacific by 2.4% in the 3rd quarter. Janney Montgomery Scott LLC now owns 52,804 shares of the company's stock valued at $929,000 after buying an additional 1,226 shares in the last quarter. State of Alaska Department of Revenue grew its holdings in Par Pacific by 2.6% during the 3rd quarter. State of Alaska Department of Revenue now owns 32,145 shares of the company's stock valued at $565,000 after buying an additional 810 shares during the last quarter. Private Advisor Group LLC increased its position in Par Pacific by 60.4% during the third quarter. Private Advisor Group LLC now owns 21,213 shares of the company's stock worth $373,000 after buying an additional 7,987 shares in the last quarter. Finally, Creative Planning raised its holdings in shares of Par Pacific by 246.2% in the third quarter. Creative Planning now owns 33,014 shares of the company's stock worth $581,000 after acquiring an additional 23,478 shares during the last quarter. Hedge funds and other institutional investors own 92.15% of the company's stock.

Par Pacific Trading Up 0.9 %

NYSE PARR traded up $0.16 during mid-day trading on Friday, hitting $17.65. The company's stock had a trading volume of 1,102,088 shares, compared to its average volume of 911,504. The firm has a market capitalization of $987.52 million, a P/E ratio of 3.42 and a beta of 1.99. The company has a debt-to-equity ratio of 0.84, a current ratio of 1.69 and a quick ratio of 0.66. Par Pacific Holdings, Inc. has a 52-week low of $14.84 and a 52-week high of $40.69. The stock's fifty day simple moving average is $17.61 and its two-hundred day simple moving average is $22.54.

Par Pacific (NYSE:PARR - Get Free Report) last announced its quarterly earnings results on Monday, November 4th. The company reported ($0.10) earnings per share for the quarter, topping analysts' consensus estimates of ($0.12) by $0.02. Par Pacific had a net margin of 3.74% and a return on equity of 10.06%. The firm had revenue of $2.14 billion during the quarter, compared to analysts' expectations of $1.88 billion. During the same period in the prior year, the company earned $3.15 EPS. The firm's revenue was down 16.9% on a year-over-year basis. Research analysts expect that Par Pacific Holdings, Inc. will post 0.95 EPS for the current year.

Analyst Ratings Changes

Several brokerages recently weighed in on PARR. TD Cowen cut their target price on shares of Par Pacific from $36.00 to $32.00 and set a "buy" rating for the company in a research note on Friday, August 9th. UBS Group cut their price target on Par Pacific from $40.00 to $29.00 and set a "neutral" rating for the company in a report on Monday, August 19th. Piper Sandler downgraded Par Pacific from an "overweight" rating to a "neutral" rating and lowered their price objective for the company from $37.00 to $23.00 in a research report on Friday, September 20th. The Goldman Sachs Group reduced their target price on Par Pacific from $32.00 to $28.00 and set a "neutral" rating on the stock in a research report on Wednesday, October 9th. Finally, Mizuho dropped their price objective on shares of Par Pacific from $28.00 to $26.00 and set an "outperform" rating for the company in a research note on Wednesday, October 9th. Six investment analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to data from MarketBeat.com, Par Pacific currently has a consensus rating of "Hold" and a consensus price target of $28.00.

Par Pacific Company Profile

Par Pacific Holdings, Inc owns and operates energy and infrastructure businesses. The company operates through Refining, Retail, and Logistics segments. The Refining segment owns and operates refineries that produce gasoline, distillate, asphalt, and other products primarily for consumption in Kapolei, Hawaii, Newcastle, Wyoming, Tacoma, Washington, and Billings, Montana.