Amundi Purchases 25,694 Shares of Par Pacific Holdings, Inc. (NYSE:PARR)

Amundi lifted its holdings in shares of Par Pacific Holdings, Inc. (NYSE:PARR - Free Report) by 196.8% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 38,751 shares of the company's stock after purchasing an additional 25,694 shares during the quarter. Amundi owned 0.07% of Par Pacific worth $656,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. Walleye Capital LLC boosted its stake in Par Pacific by 1,014.3% in the third quarter. Walleye Capital LLC now owns 273,868 shares of the company's stock worth $4,820,000 after buying an additional 249,290 shares in the last quarter. State Street Corp boosted its stake in Par Pacific by 10.5% in the third quarter. State Street Corp now owns 3,461,282 shares of the company's stock worth $60,919,000 after buying an additional 328,325 shares in the last quarter. Sanctuary Advisors LLC boosted its stake in Par Pacific by 126.2% in the fourth quarter. Sanctuary Advisors LLC now owns 49,256 shares of the company's stock worth $843,000 after buying an additional 27,480 shares in the last quarter. Algert Global LLC boosted its stake in Par Pacific by 63.8% in the third quarter. Algert Global LLC now owns 303,970 shares of the company's stock worth $5,350,000 after buying an additional 118,393 shares in the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in Par Pacific by 7.4% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 127,732 shares of the company's stock worth $2,248,000 after buying an additional 8,844 shares in the last quarter. Hedge funds and other institutional investors own 92.15% of the company's stock.

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Par Pacific Trading Down 3.6 %

Shares of Par Pacific stock traded down $0.53 during midday trading on Friday, reaching $14.25. 4,778,776 shares of the company's stock traded hands, compared to its average volume of 972,885. The company has a debt-to-equity ratio of 0.84, a quick ratio of 0.66 and a current ratio of 1.69. The company has a market cap of $780.38 million, a PE ratio of 2.76 and a beta of 2.01. The stock has a 50 day moving average of $15.76 and a 200-day moving average of $16.75. Par Pacific Holdings, Inc. has a 12 month low of $11.86 and a 12 month high of $40.20.

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

Analysts Set New Price Targets

Several analysts have issued reports on the company. The Goldman Sachs Group cut their target price on Par Pacific from $20.00 to $18.00 and set a "neutral" rating for the company in a research note on Thursday, February 27th. Piper Sandler cut their target price on Par Pacific from $25.00 to $21.00 and set an "overweight" rating for the company in a research note on Friday, March 7th. StockNews.com lowered Par Pacific from a "hold" rating to a "sell" rating in a research note on Friday, February 28th. Raymond James started coverage on Par Pacific in a research note on Friday, January 24th. They set an "outperform" rating and a $25.00 price objective for the company. Finally, Mizuho lowered Par Pacific from an "outperform" rating to a "neutral" rating and dropped their price objective for the company from $26.00 to $22.00 in a research note on Monday, December 16th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and four have given a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of "Hold" and an average price target of $22.57.

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.