Harbor Capital Advisors Inc. Grows Stock Position in Par Pacific Holdings, Inc. (NYSE:PARR)

Harbor Capital Advisors Inc. grew its position in Par Pacific Holdings, Inc. (NYSE:PARR - Free Report) by 160.2% during the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 513,254 shares of the company's stock after purchasing an additional 315,967 shares during the quarter. Harbor Capital Advisors Inc. owned approximately 0.91% of Par Pacific worth $9,033,000 as of its most recent filing with the SEC.

Several other large investors also recently modified their holdings of the company. Millennium Management LLC lifted its stake in Par Pacific by 48.4% in the second 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 during the period. Thomist Capital Management LP lifted its position in shares of Par Pacific by 50.0% during the 2nd quarter. Thomist Capital Management LP now owns 559,277 shares of the company's stock valued at $13,095,000 after acquiring an additional 186,411 shares during the period. American Century Companies Inc. lifted its position in shares of Par Pacific by 13.9% during the 2nd quarter. American Century Companies Inc. now owns 1,435,794 shares of the company's stock valued at $36,254,000 after acquiring an additional 175,331 shares during the period. Yaupon Capital Management LP boosted its stake in Par Pacific by 31.8% during the first quarter. Yaupon Capital Management LP now owns 520,621 shares of the company's stock worth $19,294,000 after acquiring an additional 125,747 shares in the last quarter. Finally, WINTON GROUP Ltd increased its stake in Par Pacific by 802.8% in the second quarter. WINTON GROUP Ltd now owns 134,185 shares of the company's stock valued at $3,388,000 after purchasing an additional 119,321 shares in the last quarter. 92.15% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on PARR. Tudor Pickering upgraded Par Pacific to a "hold" rating in a research note on Monday, September 9th. The Goldman Sachs Group reduced their price objective on Par Pacific from $32.00 to $28.00 and set a "neutral" rating for the company in a research note on Wednesday, October 9th. Piper Sandler lowered Par Pacific from an "overweight" rating to a "neutral" rating and lowered their target price for the stock from $37.00 to $23.00 in a research report on Friday, September 20th. JPMorgan Chase & Co. raised shares of Par Pacific from a "neutral" rating to an "overweight" rating and reduced their price target for the company from $36.00 to $30.00 in a research report on Wednesday, October 2nd. Finally, Mizuho lowered their price objective on shares of Par Pacific from $28.00 to $26.00 and set an "outperform" rating on the stock in a report on Wednesday, October 9th. Six investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company's stock. According to MarketBeat, the stock presently has an average rating of "Hold" and a consensus target price of $28.00.

Par Pacific Stock Up 1.0 %

PARR traded up $0.16 during mid-day trading on Friday, reaching $15.61. 949,703 shares of the stock were exchanged, compared to its average volume of 887,635. Par Pacific Holdings, Inc. has a 1 year low of $15.31 and a 1 year high of $40.69. The company has a debt-to-equity ratio of 0.84, a quick ratio of 0.59 and a current ratio of 1.63. The stock has a market capitalization of $879.31 million, a PE ratio of 2.00 and a beta of 1.99. The company has a 50 day moving average price of $18.61 and a two-hundred day moving average price of $23.51.

Par Pacific (NYSE:PARR - Get Free Report) last issued its quarterly earnings data on Tuesday, August 6th. The company reported $0.49 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.13 by $0.36. Par Pacific had a net margin of 5.43% and a return on equity of 26.40%. The business had revenue of $2.02 billion during the quarter, compared to the consensus estimate of $1.82 billion. During the same period in the prior year, the firm posted $1.73 EPS. The firm's quarterly revenue was up 13.1% compared to the same quarter last year. As a group, research analysts anticipate that Par Pacific Holdings, Inc. will post 0.76 EPS for the current year.

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.