Pacer Advisors Inc. Sells 387,390 Shares of Par Pacific Holdings, Inc. (NYSE:PARR)

Pacer Advisors Inc. lowered its holdings in shares of Par Pacific Holdings, Inc. (NYSE:PARR - Free Report) by 11.0% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 3,127,966 shares of the company's stock after selling 387,390 shares during the quarter. Pacer Advisors Inc. owned approximately 5.59% of Par Pacific worth $51,267,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also recently made changes to their positions in the business. GAMMA Investing LLC increased its stake in shares of Par Pacific by 232.5% in the 4th quarter. GAMMA Investing LLC now owns 1,669 shares of the company's stock worth $27,000 after purchasing an additional 1,167 shares in the last quarter. Nisa Investment Advisors LLC lifted its position in shares of Par Pacific by 37.7% in the fourth quarter. Nisa Investment Advisors LLC now owns 2,557 shares of the company's stock valued at $42,000 after acquiring an additional 700 shares in the last quarter. Quarry LP grew its position in shares of Par Pacific by 610.5% during the second quarter. Quarry LP now owns 2,359 shares of the company's stock worth $60,000 after purchasing an additional 2,027 shares in the last quarter. FMR LLC boosted its stake in Par Pacific by 126.7% in the 3rd quarter. FMR LLC now owns 8,634 shares of the company's stock worth $152,000 after purchasing an additional 4,826 shares during the period. Finally, MQS Management LLC purchased a new stake in Par Pacific during the 3rd quarter valued at approximately $185,000. Institutional investors own 92.15% of the company's stock.

Par Pacific Trading Down 2.2 %

PARR stock traded down $0.37 during trading on Friday, hitting $16.74. The company had a trading volume of 582,503 shares, compared to its average volume of 809,257. Par Pacific Holdings, Inc. has a 52-week low of $14.84 and a 52-week high of $40.69. The company has a 50 day simple moving average of $16.87 and a 200-day simple moving average of $18.94. The firm has a market capitalization of $936.60 million, a P/E ratio of 3.24 and a beta of 2.00. 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 (NYSE:PARR - Get Free Report) last issued its earnings results on Monday, November 4th. The company reported ($0.10) EPS for the quarter, topping analysts' consensus estimates of ($0.12) by $0.02. The business had revenue of $2.14 billion for the quarter, compared to analyst estimates of $1.88 billion. Par Pacific had a net margin of 3.74% and a return on equity of 10.06%. The company's quarterly revenue was down 16.9% compared to the same quarter last year. During the same period last year, the company posted $3.15 earnings per share. As a group, research analysts forecast that Par Pacific Holdings, Inc. will post 0.15 earnings per share for the current fiscal year.

Insider Buying and Selling at Par Pacific

In other Par Pacific news, Director William Pate sold 67,700 shares of the firm's stock in a transaction dated Thursday, December 12th. The shares were sold at an average price of $16.22, for a total transaction of $1,098,094.00. Following the transaction, the director now owns 524,610 shares of the company's stock, valued at approximately $8,509,174.20. This trade represents a 11.43 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 4.40% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

PARR has been the subject of a number of research analyst reports. Mizuho lowered Par Pacific from an "outperform" rating to a "neutral" rating and cut their price objective for the company from $26.00 to $22.00 in a research report on Monday, December 16th. StockNews.com raised Par Pacific from a "sell" rating to a "hold" rating in a research report on Thursday, November 14th. Raymond James started coverage on Par Pacific in a research report on Friday, January 24th. They issued an "outperform" rating and a $25.00 price target for the company. The Goldman Sachs Group cut their price objective on shares of Par Pacific from $23.00 to $20.00 and set a "neutral" rating on the stock in a research report on Friday. Finally, JPMorgan Chase & Co. lowered 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. Seven research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to MarketBeat.com, Par Pacific has a consensus rating of "Hold" and an average target price of $25.29.

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.