ExodusPoint Capital Management LP Takes $1.76 Million Position in Par Pacific Holdings, Inc. (NYSE:PARR)

ExodusPoint Capital Management LP 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 107,564 shares of the company's stock, valued at approximately $1,763,000. ExodusPoint Capital Management LP owned approximately 0.19% of Par Pacific at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in PARR. GAMMA Investing LLC increased its holdings in shares of 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 in 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. Allworth Financial LP increased its stake in shares of Par Pacific by 4,804.2% in the fourth quarter. Allworth Financial LP now owns 8,141 shares of the company's stock valued at $139,000 after buying an additional 7,975 shares in the last quarter. Finally, FMR LLC grew its holdings in Par Pacific by 126.7% during 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 last quarter. Institutional investors and hedge funds own 92.15% of the company's stock.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on PARR. Raymond James started coverage on shares of Par Pacific in a research report on Friday, January 24th. They set an "outperform" rating and a $25.00 target price on the stock. The Goldman Sachs Group upgraded Par Pacific from a "neutral" rating to a "buy" rating and raised their price target for the company from $18.00 to $19.00 in a report on Thursday, March 27th. TD Cowen cut their price objective on shares of Par Pacific from $21.00 to $17.00 and set a "buy" rating on the stock in a report on Thursday, February 27th. Mizuho cut 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. Finally, Piper Sandler dropped their price objective on shares of Par Pacific from $25.00 to $21.00 and set an "overweight" rating on the stock in a report on Friday, March 7th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and five have given a buy rating to the stock. According to MarketBeat.com, Par Pacific presently has a consensus rating of "Hold" and an average target price of $22.71.

Par Pacific Stock Performance

Par Pacific stock traded down $0.18 during trading hours on Monday, hitting $13.47. The company had a trading volume of 117,758 shares, compared to its average volume of 1,052,395. The firm has a 50-day moving average of $14.51 and a 200 day moving average of $16.14. The firm has a market cap of $732.11 million, a PE ratio of 2.61 and a beta of 1.64. Par Pacific Holdings, Inc. has a one year low of $11.86 and a one year high of $34.77. The company has a debt-to-equity ratio of 0.84, a current ratio of 1.69 and a quick ratio of 0.66.

Par Pacific (NYSE:PARR - Get Free Report) last issued its quarterly earnings results on Tuesday, February 25th. The company reported ($0.79) earnings per share 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 the consensus estimate of $1.68 billion. Par Pacific had a return on equity of 10.06% and a net margin of 3.74%. On average, sell-side analysts expect that Par Pacific Holdings, Inc. will post 0.15 earnings per share for the current 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.