Par Pacific Holdings, Inc. (NYSE:PARR) Shares Purchased by Mutual Advisors LLC

Mutual Advisors LLC boosted its stake in shares of Par Pacific Holdings, Inc. (NYSE:PARR - Free Report) by 30.9% during the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 65,724 shares of the company's stock after buying an additional 15,511 shares during the period. Mutual Advisors LLC owned approximately 0.12% of Par Pacific worth $1,171,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Dimensional Fund Advisors LP lifted its stake in shares of Par Pacific by 0.8% during the 2nd quarter. Dimensional Fund Advisors LP now owns 2,136,956 shares of the company's stock worth $53,956,000 after acquiring an additional 17,509 shares during the last quarter. Canada Pension Plan Investment Board increased its stake in Par Pacific by 54.2% in the second quarter. Canada Pension Plan Investment Board now owns 49,500 shares of the company's stock worth $1,250,000 after purchasing an additional 17,400 shares during the period. Squarepoint Ops LLC purchased a new stake in shares of Par Pacific during the second quarter valued at $1,932,000. AQR Capital Management LLC grew its holdings in shares of Par Pacific by 210.9% in the second quarter. AQR Capital Management LLC now owns 85,987 shares of the company's stock worth $2,171,000 after purchasing an additional 58,328 shares during the last quarter. Finally, Millennium Management LLC lifted its holdings in Par Pacific by 48.4% during the 2nd quarter. Millennium Management LLC now owns 1,952,754 shares of the company's stock valued at $49,307,000 after buying an additional 636,908 shares in the last quarter. Hedge funds and other institutional investors own 92.15% of the company's stock.

Wall Street Analyst Weigh In

PARR has been the topic of a number of research analyst reports. StockNews.com upgraded shares of Par Pacific from a "sell" rating to a "hold" rating in a research note on Thursday, November 14th. Mizuho downgraded Par Pacific from an "outperform" rating to a "neutral" rating and reduced their price objective for the stock from $26.00 to $22.00 in a report on Monday, December 16th. JPMorgan Chase & Co. lowered their target price on Par Pacific from $27.00 to $26.00 and set an "overweight" rating for the company in a report on Thursday, January 16th. The Goldman Sachs Group cut their price target on Par Pacific from $26.00 to $23.00 and set a "neutral" rating on the stock in a research note on Thursday, December 19th. Finally, Raymond James assumed coverage on shares of Par Pacific in a report on Friday. They set an "outperform" rating and a $25.00 price objective on the stock. Seven analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to MarketBeat, the stock has an average rating of "Hold" and an average target price of $25.71.

Par Pacific Stock Down 1.1 %

Shares of PARR traded down $0.19 during midday trading on Friday, hitting $17.49. 844,582 shares of the company's stock traded hands, compared to its average volume of 686,598. The company has a current ratio of 1.69, a quick ratio of 0.66 and a debt-to-equity ratio of 0.84. The stock has a market capitalization of $978.79 million, a price-to-earnings ratio of 3.39 and a beta of 2.00. Par Pacific Holdings, Inc. has a 1 year low of $14.84 and a 1 year high of $40.69. The firm's fifty day moving average is $16.87 and its 200-day moving average is $19.06.

Par Pacific (NYSE:PARR - Get Free Report) last issued its quarterly earnings results on Monday, November 4th. The company reported ($0.10) earnings per share for the quarter, topping analysts' consensus estimates of ($0.12) by $0.02. Par Pacific had a return on equity of 10.06% and a net margin of 3.74%. The business had revenue of $2.14 billion for the quarter, compared to analyst estimates of $1.88 billion. During the same quarter in the previous year, the firm earned $3.15 earnings per share. The company's revenue was down 16.9% on a year-over-year basis. As a group, sell-side analysts anticipate that Par Pacific Holdings, Inc. will post 0.14 earnings per share for the current year.

Insider Activity at Par Pacific

In related news, Director William Pate sold 67,700 shares of the stock in a transaction that occurred on Thursday, December 12th. The shares were sold at an average price of $16.22, for a total value of $1,098,094.00. Following the transaction, the director now owns 524,610 shares in the company, valued at approximately $8,509,174.20. This represents a 11.43 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 4.40% of the stock is owned by insiders.

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.