566,991 Shares in Par Pacific Holdings, Inc. (NYSE:PARR) Bought by Bridgewater Associates LP

Bridgewater Associates LP purchased a new stake in Par Pacific Holdings, Inc. (NYSE:PARR - Free Report) in the 4th quarter, according to its most recent filing with the SEC. The institutional investor purchased 566,991 shares of the company's stock, valued at approximately $9,293,000. Bridgewater Associates LP owned approximately 1.01% of Par Pacific at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. FMR LLC increased its holdings in shares of Par Pacific by 126.7% in the 3rd quarter. FMR LLC now owns 8,634 shares of the company's stock worth $152,000 after acquiring an additional 4,826 shares during the period. State Street Corp raised its position 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 acquiring an additional 328,325 shares in the last quarter. Barclays PLC raised its holdings in shares of Par Pacific by 10.1% in the 3rd quarter. Barclays PLC now owns 469,640 shares of the company's stock worth $8,265,000 after purchasing an additional 42,930 shares in the last quarter. Geode Capital Management LLC lifted its position in shares of Par Pacific by 0.6% during the 3rd quarter. Geode Capital Management LLC now owns 1,283,303 shares of the company's stock valued at $22,591,000 after acquiring an additional 7,804 shares during the last quarter. Finally, Sanctuary Advisors LLC acquired a new position in shares of Par Pacific in the 3rd quarter valued at $383,000. 92.15% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on PARR shares. JPMorgan Chase & Co. dropped 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. StockNews.com downgraded shares of Par Pacific from a "hold" rating to a "sell" rating in a report on Friday, February 28th. UBS Group reduced their price objective on Par Pacific from $20.00 to $14.75 and set a "neutral" rating for the company in a research report on Wednesday. Raymond James initiated coverage on Par Pacific in a report on Friday, January 24th. They set an "outperform" rating and a $25.00 price objective on the stock. Finally, TD Cowen dropped their price objective 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. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and five have issued a buy rating to the company's stock. According to MarketBeat.com, Par Pacific currently has an average rating of "Hold" and a consensus target price of $20.68.

Par Pacific Stock Up 4.8 %

Shares of NYSE:PARR traded up $0.60 during mid-day trading on Friday, reaching $13.17. 1,201,859 shares of the stock were exchanged, compared to its average volume of 1,070,076. Par Pacific Holdings, Inc. has a one year low of $11.86 and a one year high of $33.08. 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 stock's 50 day simple moving average is $14.07 and its 200-day simple moving average is $15.98. The company has a market cap of $716.02 million, a P/E ratio of 2.55 and a beta of 1.64.

Par Pacific (NYSE:PARR - Get Free Report) last announced its quarterly 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 firm had revenue of $1.83 billion during the quarter, compared to analyst estimates 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 research analysts predict that Par Pacific Holdings, Inc. will post 0.15 EPS 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.