Charles Schwab Investment Management Inc. Buys 167,594 Shares of Par Pacific Holdings, Inc. (NYSE:PARR)

Charles Schwab Investment Management Inc. boosted its stake in shares of Par Pacific Holdings, Inc. (NYSE:PARR - Free Report) by 22.6% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 909,220 shares of the company's stock after acquiring an additional 167,594 shares during the period. Charles Schwab Investment Management Inc. owned 1.63% of Par Pacific worth $14,902,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently modified their holdings of the stock. GAMMA Investing LLC increased its stake in Par Pacific by 232.5% in the fourth quarter. GAMMA Investing LLC now owns 1,669 shares of the company's stock valued at $27,000 after acquiring an additional 1,167 shares during the last quarter. US Bancorp DE increased its stake in shares of Par Pacific by 55.7% in the 4th quarter. US Bancorp DE now owns 1,823 shares of the company's stock valued at $30,000 after purchasing an additional 652 shares during the last quarter. Nisa Investment Advisors LLC raised its holdings in shares of Par Pacific by 37.7% during the 4th quarter. Nisa Investment Advisors LLC now owns 2,557 shares of the company's stock worth $42,000 after buying an additional 700 shares in the last quarter. Allworth Financial LP lifted its position in shares of Par Pacific by 4,804.2% during the 4th quarter. Allworth Financial LP now owns 8,141 shares of the company's stock worth $139,000 after buying an additional 7,975 shares during the last quarter. Finally, FMR LLC boosted its stake in Par Pacific by 126.7% in the third quarter. FMR LLC now owns 8,634 shares of the company's stock valued at $152,000 after buying an additional 4,826 shares in the last quarter. 92.15% of the stock is currently owned by institutional investors.

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Wall Street Analysts Forecast Growth

PARR has been the subject of several research reports. JPMorgan Chase & Co. dropped their price objective on shares of Par Pacific from $27.00 to $26.00 and set an "overweight" rating for the company in a research note on Thursday, January 16th. Mizuho lowered 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 research report on Monday, December 16th. The Goldman Sachs Group dropped their target price on Par Pacific from $20.00 to $18.00 and set a "neutral" rating for the company in a research report on Thursday, February 27th. Piper Sandler reduced their price target on Par Pacific from $25.00 to $21.00 and set an "overweight" rating on the stock in a report on Friday, March 7th. Finally, StockNews.com downgraded shares of Par Pacific from a "hold" rating to a "sell" rating in a research report on Friday, February 28th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and four have issued a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of "Hold" and a consensus price target of $22.57.

Par Pacific Trading Up 0.0 %

NYSE PARR traded up $0.00 during mid-day trading on Monday, reaching $14.31. 1,218,777 shares of the stock were exchanged, compared to its average volume of 973,869. The stock has a market cap of $783.66 million, a P/E ratio of 2.77 and a beta of 2.01. 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 Holdings, Inc. has a one year low of $11.86 and a one year high of $40.20. The stock has a 50 day simple moving average of $15.76 and a 200-day simple moving average of $16.72.

Par Pacific (NYSE:PARR - Get Free Report) last announced its quarterly earnings data 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 net margin of 3.74% and a return on equity of 10.06%. The business had revenue of $1.83 billion during the quarter, compared to analyst estimates of $1.68 billion. On average, analysts anticipate that Par Pacific Holdings, Inc. will post 0.15 EPS for the current year.

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.