Barclays PLC Buys 249,048 Shares of Par Pacific Holdings, Inc. (NYSE:PARR)

Barclays PLC increased its stake in Par Pacific Holdings, Inc. (NYSE:PARR - Free Report) by 53.0% in the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 718,688 shares of the company's stock after purchasing an additional 249,048 shares during the quarter. Barclays PLC owned approximately 1.28% of Par Pacific worth $11,779,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in the stock. Geode Capital Management LLC lifted its stake in shares of Par Pacific by 0.6% in the third quarter. Geode Capital Management LLC now owns 1,283,303 shares of the company's stock worth $22,591,000 after buying an additional 7,804 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its position in Par Pacific by 22.6% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 909,220 shares of the company's stock worth $14,902,000 after acquiring an additional 167,594 shares during the last quarter. Empowered Funds LLC boosted its holdings in Par Pacific by 5.1% during the fourth quarter. Empowered Funds LLC now owns 313,768 shares of the company's stock valued at $5,143,000 after acquiring an additional 15,240 shares during the period. Principal Financial Group Inc. grew its position in shares of Par Pacific by 2.2% in the fourth quarter. Principal Financial Group Inc. now owns 271,242 shares of the company's stock valued at $4,446,000 after purchasing an additional 5,710 shares during the last quarter. Finally, Trexquant Investment LP increased its stake in shares of Par Pacific by 56.8% in the fourth quarter. Trexquant Investment LP now owns 198,882 shares of the company's stock worth $3,260,000 after purchasing an additional 72,067 shares during the period. Institutional investors own 92.15% of the company's stock.

Par Pacific Price Performance

Shares of PARR traded down $0.17 during mid-day trading on Friday, reaching $14.37. The company had a trading volume of 880,409 shares, compared to its average volume of 1,081,654. The company has a debt-to-equity ratio of 0.84, a current ratio of 1.69 and a quick ratio of 0.66. The company has a market capitalization of $781.02 million, a P/E ratio of 2.78 and a beta of 1.64. Par Pacific Holdings, Inc. has a twelve month low of $11.86 and a twelve month high of $32.74. The company's 50-day moving average is $13.90 and its 200-day moving average is $15.84.

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

Wall Street Analyst Weigh In

A number of analysts have issued reports on the company. JPMorgan Chase & Co. lowered their target price on Par Pacific from $27.00 to $26.00 and set an "overweight" rating on the stock in a report on Thursday, January 16th. TD Cowen cut their target price on shares of Par Pacific from $21.00 to $17.00 and set a "buy" rating for the company in a research note on Thursday, February 27th. The Goldman Sachs Group upgraded shares of Par Pacific from a "neutral" rating to a "buy" rating and raised their price target for the stock from $18.00 to $19.00 in a research report on Thursday, March 27th. UBS Group cut their price objective on shares of Par Pacific from $20.00 to $14.75 and set a "neutral" rating for the company in a research report on Wednesday, April 16th. Finally, Piper Sandler decreased their target price on Par Pacific from $25.00 to $21.00 and set an "overweight" rating on the stock in a research report on Friday, March 7th. One research analyst has rated the stock with a sell rating, four have given a hold rating and five have assigned a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of "Hold" and an average price target of $20.68.

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.