Par Pacific Holdings, Inc. (NYSE:PARR) Given Consensus Recommendation of "Hold" by Brokerages

Shares of Par Pacific Holdings, Inc. (NYSE:PARR - Get Free Report) have been given a consensus rating of "Hold" by the nine analysts that are currently covering the firm, Marketbeat.com reports. Six analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average 12 month price objective among analysts that have updated their coverage on the stock in the last year is $25.29.

Several research analysts have recently issued reports on PARR shares. StockNews.com raised shares of Par Pacific from a "sell" rating to a "hold" rating in a research note on Thursday, November 14th. JPMorgan Chase & Co. cut their price target on shares of Par Pacific from $27.00 to $26.00 and set an "overweight" rating on the stock in a research report on Thursday, January 16th. Mizuho downgraded shares of Par Pacific from an "outperform" rating to a "neutral" rating and cut their price target for the company from $26.00 to $22.00 in a research report on Monday, December 16th. The Goldman Sachs Group cut their price target 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, January 31st. Finally, Raymond James started coverage on shares of Par Pacific in a research report on Friday, January 24th. They issued an "outperform" rating and a $25.00 price target on the stock.

Insiders Place Their Bets

In other news, Director William Pate sold 67,700 shares of Par Pacific 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 sale, the director now directly owns 524,610 shares in the company, valued at $8,509,174.20. This trade represents a 11.43 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 4.40% of the company's stock.

Institutional Trading of Par Pacific

A number of hedge funds and other institutional investors have recently made changes to their positions in PARR. Pacer Advisors Inc. acquired a new stake in shares of Par Pacific in the third quarter valued at approximately $61,870,000. Solas Capital Management LLC raised its holdings in shares of Par Pacific by 417.7% in the fourth quarter. Solas Capital Management LLC now owns 795,000 shares of the company's stock valued at $13,030,000 after purchasing an additional 641,423 shares during the last quarter. Bridgewater Associates LP acquired a new stake in shares of Par Pacific in the fourth quarter valued at approximately $9,293,000. State Street Corp raised its holdings in shares of Par Pacific by 10.5% in the third quarter. State Street Corp now owns 3,461,282 shares of the company's stock valued at $60,919,000 after purchasing an additional 328,325 shares during the last quarter. Finally, Harbor Capital Advisors Inc. raised its holdings in shares of Par Pacific by 160.2% in the third quarter. Harbor Capital Advisors Inc. now owns 513,254 shares of the company's stock valued at $9,033,000 after purchasing an additional 315,967 shares during the last quarter. 92.15% of the stock is currently owned by institutional investors and hedge funds.

Par Pacific Trading Up 1.4 %

Shares of NYSE PARR traded up $0.22 during mid-day trading on Wednesday, hitting $15.78. The company's stock had a trading volume of 1,511,298 shares, compared to its average volume of 832,710. The stock has a market cap of $883.03 million, a price-to-earnings ratio of 3.06 and a beta of 1.99. 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 has a one year low of $14.84 and a one year high of $40.69. The company's fifty day simple moving average is $16.79 and its 200-day simple moving average is $18.32.

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.