Par Pacific Holdings, Inc. (NYSE:PARR) Shares Sold by Alliancebernstein L.P.

Alliancebernstein L.P. cut its stake in shares of Par Pacific Holdings, Inc. (NYSE:PARR - Free Report) by 54.3% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 59,334 shares of the company's stock after selling 70,510 shares during the quarter. Alliancebernstein L.P. owned about 0.11% of Par Pacific worth $972,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. GAMMA Investing LLC increased its stake in Par Pacific by 232.5% in the 4th quarter. GAMMA Investing LLC now owns 1,669 shares of the company's stock worth $27,000 after buying an additional 1,167 shares in the last quarter. US Bancorp DE boosted its holdings in shares of Par Pacific by 55.7% during the 4th quarter. US Bancorp DE now owns 1,823 shares of the company's stock valued at $30,000 after purchasing an additional 652 shares during the last quarter. Nisa Investment Advisors LLC boosted its holdings in shares of Par Pacific by 37.7% during the 4th quarter. Nisa Investment Advisors LLC now owns 2,557 shares of the company's stock valued at $42,000 after purchasing an additional 700 shares during the last quarter. Allworth Financial LP boosted its holdings in shares of Par Pacific by 4,804.2% during the 4th quarter. Allworth Financial LP now owns 8,141 shares of the company's stock valued at $139,000 after purchasing an additional 7,975 shares during the last quarter. Finally, FMR LLC boosted its holdings in shares of Par Pacific by 126.7% during the 3rd quarter. FMR LLC now owns 8,634 shares of the company's stock valued at $152,000 after purchasing an additional 4,826 shares during the last quarter. 92.15% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on PARR. The Goldman Sachs Group raised shares of Par Pacific from a "neutral" rating to a "buy" rating and increased their target price for the company from $18.00 to $19.00 in a research note on Thursday, March 27th. JPMorgan Chase & Co. lowered their price target on shares of Par Pacific from $27.00 to $26.00 and set an "overweight" rating on the stock in a report on Thursday, January 16th. Piper Sandler lowered their target price on shares of Par Pacific from $25.00 to $21.00 and set an "overweight" rating for the company in a research note on Friday, March 7th. Raymond James initiated coverage on shares of Par Pacific in a research note on Friday, January 24th. They issued an "outperform" rating and a $25.00 target price for the company. Finally, StockNews.com cut shares of Par Pacific from a "hold" rating to a "sell" rating in a research note on Friday, February 28th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of "Hold" and a consensus price target of $20.68.

Par Pacific Trading Up 3.2 %

NYSE PARR traded up $0.45 during trading on Thursday, hitting $14.44. The stock had a trading volume of 193,102 shares, compared to its average volume of 1,071,789. The company has a quick ratio of 0.66, a current ratio of 1.69 and a debt-to-equity ratio of 0.84. The company has a market capitalization of $785.05 million, a PE ratio of 2.79 and a beta of 1.64. The firm has a 50 day moving average price of $13.95 and a 200 day moving average price of $15.89. Par Pacific Holdings, Inc. has a twelve month low of $11.86 and a twelve month high of $32.91.

Par Pacific (NYSE:PARR - Get Free Report) last announced its earnings results on Tuesday, February 25th. The company reported ($0.79) earnings per share for the quarter, missing the consensus estimate of ($0.15) by ($0.64). The business had revenue of $1.83 billion for the quarter, compared to analysts' expectations of $1.68 billion. Par Pacific had a return on equity of 10.06% and a net margin of 3.74%. As a group, equities research analysts forecast that Par Pacific Holdings, Inc. will post 0.15 earnings per share for the current year.

Par Pacific 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.