Par Pacific Holdings, Inc. (NYSE:PARR) Shares Sold by American Century Companies Inc.

American Century Companies Inc. trimmed its position in Par Pacific Holdings, Inc. (NYSE:PARR - Free Report) by 4.7% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,410,399 shares of the company's stock after selling 69,038 shares during the quarter. American Century Companies Inc. owned 2.52% of Par Pacific worth $23,116,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also recently modified their holdings of the company. GAMMA Investing LLC raised its holdings 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 purchasing an additional 1,167 shares in the last quarter. US Bancorp DE lifted its holdings in shares of Par Pacific by 55.7% during the fourth quarter. US Bancorp DE now owns 1,823 shares of the company's stock valued at $30,000 after purchasing an additional 652 shares in 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 acquiring an additional 700 shares during the last quarter. Allworth Financial LP grew its position in Par Pacific by 4,804.2% in the 4th quarter. Allworth Financial LP now owns 8,141 shares of the company's stock worth $139,000 after purchasing an additional 7,975 shares during the period. Finally, FMR LLC increased its position in Par Pacific by 126.7% during the third quarter. FMR LLC now owns 8,634 shares of the company's stock valued at $152,000 after acquiring an additional 4,826 shares during the last quarter. Hedge funds and other institutional investors own 92.15% of the company's stock.

Analyst Ratings Changes

PARR has been the topic of a number of recent research reports. TD Cowen decreased their target price on Par Pacific from $21.00 to $17.00 and set a "buy" rating on the stock in a report on Thursday, February 27th. JPMorgan Chase & Co. lowered their price objective on Par Pacific from $27.00 to $26.00 and set an "overweight" rating on the stock in a research report on Thursday, January 16th. The Goldman Sachs Group upgraded Par Pacific from a "neutral" rating to a "buy" rating and increased their target price for the stock from $18.00 to $19.00 in a research report on Thursday, March 27th. Raymond James began coverage on shares of Par Pacific in a report on Friday, January 24th. They issued an "outperform" rating and a $25.00 target price for the company. Finally, Mizuho lowered Par Pacific from an "outperform" rating to a "neutral" rating and lowered their price objective for the company from $26.00 to $22.00 in a research note on Monday, December 16th. One research analyst has rated the stock with a sell rating, four have given a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of "Hold" and a consensus price target of $22.71.

Par Pacific Price Performance

Shares of PARR stock traded down $1.72 during mid-day trading on Thursday, hitting $13.27. 2,590,187 shares of the stock were exchanged, compared to its average volume of 1,026,783. The company has a quick ratio of 0.66, a current ratio of 1.69 and a debt-to-equity ratio of 0.84. Par Pacific Holdings, Inc. has a 52-week low of $11.86 and a 52-week high of $40.20. The firm has a fifty day moving average of $15.10 and a 200 day moving average of $16.45. The company has a market cap of $726.72 million, a PE ratio of 2.57 and a beta of 1.64.

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). Par Pacific had a return on equity of 10.06% and a net margin of 3.74%. The business had revenue of $1.83 billion for the quarter, compared to analyst estimates of $1.68 billion. Research analysts anticipate that Par Pacific Holdings, Inc. will post 0.15 earnings per share for the current year.

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.