83,889 Shares in Par Pacific Holdings, Inc. (NYSE:PARR) Acquired by DRW Securities LLC

DRW Securities LLC bought a new position in shares of Par Pacific Holdings, Inc. (NYSE:PARR - Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 83,889 shares of the company's stock, valued at approximately $1,375,000. DRW Securities LLC owned about 0.15% of Par Pacific at the end of the most recent quarter.

Several other hedge funds have also recently made changes to their positions in PARR. State Street Corp raised its position in Par Pacific by 10.5% during the third quarter. State Street Corp now owns 3,461,282 shares of the company's stock valued at $60,919,000 after acquiring an additional 328,325 shares in the last quarter. Charles Schwab Investment Management Inc. increased its holdings in shares of Par Pacific by 22.6% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 909,220 shares of the company's stock valued at $14,902,000 after purchasing an additional 167,594 shares in the last quarter. Norges Bank purchased a new stake in Par Pacific during the fourth quarter worth $2,573,000. Rangeley Capital LLC purchased a new position in Par Pacific in the fourth quarter valued at $2,116,000. Finally, ExodusPoint Capital Management LP acquired a new position in shares of Par Pacific in the fourth quarter worth about $1,763,000. 92.15% of the stock is owned by institutional investors and hedge funds.

Par Pacific Trading Down 0.5 %

Shares of Par Pacific stock traded down $0.06 during mid-day trading on Tuesday, hitting $12.61. The stock had a trading volume of 390,340 shares, compared to its average volume of 1,055,329. The firm has a 50-day moving average of $14.41 and a two-hundred day moving average of $16.11. The firm has a market cap of $685.37 million, a P/E ratio of 2.44 and a beta of 1.64. 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 12-month low of $11.86 and a 12-month high of $34.77.

Par Pacific (NYSE:PARR - Get Free Report) last posted its earnings results on Tuesday, February 25th. The company reported ($0.79) earnings per share (EPS) 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. Sell-side analysts forecast that Par Pacific Holdings, Inc. will post 0.15 earnings per share for the current year.

Analyst Ratings Changes

PARR has been the topic of a number of analyst reports. The Goldman Sachs Group upgraded Par Pacific from a "neutral" rating to a "buy" rating and raised their target price for the company from $18.00 to $19.00 in a research report on Thursday, March 27th. Piper Sandler reduced their price objective on shares of Par Pacific from $25.00 to $21.00 and set an "overweight" rating for the company in a research report on Friday, March 7th. TD Cowen lowered their price target on Par Pacific from $21.00 to $17.00 and set a "buy" rating on the stock in a research note on Thursday, February 27th. Raymond James began coverage on Par Pacific in a research note on Friday, January 24th. They issued an "outperform" rating and a $25.00 price objective for the company. Finally, Mizuho cut shares of Par Pacific from an "outperform" rating to a "neutral" rating and lowered their target price for the stock 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, four have assigned a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat.com, Par Pacific presently has a consensus rating of "Hold" and a consensus target price of $22.71.

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.