Capital Fund Management S.A. Makes New Investment in Par Pacific Holdings, Inc. (NYSE:PARR)

Capital Fund Management S.A. purchased a new position in shares of Par Pacific Holdings, Inc. (NYSE:PARR - Free Report) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 26,330 shares of the company's stock, valued at approximately $432,000.

A number of other hedge funds also recently made changes to their positions in the business. GAMMA Investing LLC grew its stake in Par Pacific by 232.5% during the fourth quarter. GAMMA Investing LLC now owns 1,669 shares of the company's stock worth $27,000 after buying an additional 1,167 shares during the last quarter. US Bancorp DE raised its position in Par Pacific by 55.7% in 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 stake in Par Pacific by 37.7% in the fourth quarter. Nisa Investment Advisors LLC now owns 2,557 shares of the company's stock worth $42,000 after purchasing an additional 700 shares in the last quarter. Quadrant Capital Group LLC lifted its position in Par Pacific by 123.1% during the 4th quarter. Quadrant Capital Group LLC now owns 3,233 shares of the company's stock worth $53,000 after buying an additional 1,784 shares in the last quarter. Finally, Allworth Financial LP grew its holdings in Par Pacific by 4,804.2% during the 4th quarter. Allworth Financial LP now owns 8,141 shares of the company's stock worth $139,000 after acquiring an additional 7,975 shares during the last quarter. Institutional investors and hedge funds own 92.15% of the company's stock.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on PARR shares. JPMorgan Chase & Co. reduced their price objective on Par Pacific from $27.00 to $26.00 and set an "overweight" rating on the stock in a report on Thursday, January 16th. The Goldman Sachs Group raised Par Pacific from a "neutral" rating to a "buy" rating and lifted their target price for the company 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 on the stock in a research report on Wednesday. TD Cowen cut their price target on shares of Par Pacific from $21.00 to $17.00 and set a "buy" rating on the stock in a research report on Thursday, February 27th. Finally, Piper Sandler dropped their target price on Par Pacific from $25.00 to $21.00 and set an "overweight" rating on the stock in a report on Friday, March 7th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and five have given a buy rating to the company's stock. According to data from MarketBeat, Par Pacific currently has an average rating of "Hold" and an average target price of $20.68.

Par Pacific Stock Performance

PARR traded up $0.60 on Friday, reaching $13.17. The company had a trading volume of 1,201,859 shares, compared to its average volume of 1,070,076. The company's fifty day moving average is $14.07 and its 200 day moving average is $15.98. 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 stock has a market cap of $716.02 million, a P/E ratio of 2.55 and a beta of 1.64. Par Pacific Holdings, Inc. has a fifty-two week low of $11.86 and a fifty-two week high of $33.08.

Par Pacific (NYSE:PARR - Get Free Report) last released its quarterly 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 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%. As a group, analysts predict that Par Pacific Holdings, Inc. will post 0.15 earnings per share for the current fiscal 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.