KLP Kapitalforvaltning AS Invests $433,000 in Par Pacific Holdings, Inc. (NYSE:PARR)

KLP Kapitalforvaltning AS bought a new stake in shares of Par Pacific Holdings, Inc. (NYSE:PARR - Free Report) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 26,400 shares of the company's stock, valued at approximately $433,000.

Other hedge funds have also bought and sold shares of the company. GAMMA Investing LLC raised its stake in shares of Par Pacific by 232.5% in 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 period. US Bancorp DE raised its stake in Par Pacific by 55.7% during the 4th quarter. US Bancorp DE now owns 1,823 shares of the company's stock worth $30,000 after acquiring an additional 652 shares during the period. Nisa Investment Advisors LLC lifted its holdings in Par Pacific by 37.7% during the fourth quarter. Nisa Investment Advisors LLC now owns 2,557 shares of the company's stock valued at $42,000 after purchasing an additional 700 shares in the last quarter. Allworth Financial LP boosted its position 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 worth $139,000 after purchasing an additional 7,975 shares during the period. Finally, FMR LLC increased its stake in shares of Par Pacific by 126.7% in the third quarter. FMR LLC now owns 8,634 shares of the company's stock worth $152,000 after purchasing an additional 4,826 shares in the last quarter. Institutional investors own 92.15% of the company's stock.

Par Pacific Trading Up 9.0 %

Shares of NYSE:PARR traded up $1.17 during trading on Wednesday, hitting $14.23. The company had a trading volume of 1,680,871 shares, compared to its average volume of 1,050,938. The stock has a market cap of $779.06 million, a price-to-earnings ratio of 2.76 and a beta of 1.64. 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 fifty day simple moving average of $14.66 and a two-hundred day simple moving average of $16.21. Par Pacific Holdings, Inc. has a one year low of $11.86 and a one year high of $35.76.

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 (EPS) for the quarter, missing analysts' consensus estimates of ($0.15) by ($0.64). Par Pacific had a return on equity of 10.06% and a net margin of 3.74%. The company had revenue of $1.83 billion during the quarter, compared to the consensus estimate of $1.68 billion. As a group, equities analysts forecast that Par Pacific Holdings, Inc. will post 0.15 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on the stock. JPMorgan Chase & Co. dropped their target price on shares of Par Pacific from $27.00 to $26.00 and set an "overweight" rating for the company in a report on Thursday, January 16th. StockNews.com cut Par Pacific from a "hold" rating to a "sell" rating in a research report on Friday, February 28th. Piper Sandler lowered their target price 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. Raymond James started coverage on shares of Par Pacific in a research note on Friday, January 24th. They issued an "outperform" rating and a $25.00 price target on the stock. Finally, TD Cowen cut their price objective on Par Pacific from $21.00 to $17.00 and set a "buy" rating for the company in a research report on Thursday, February 27th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and five have given a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of "Hold" and an average price target of $22.71.

About Par Pacific

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.