Hotchkis & Wiley Capital Management LLC Buys 41,100 Shares of Par Pacific Holdings, Inc. (NYSE:PARR)

Hotchkis & Wiley Capital Management LLC lifted its position in Par Pacific Holdings, Inc. (NYSE:PARR - Free Report) by 11.9% during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 386,080 shares of the company's stock after buying an additional 41,100 shares during the period. Hotchkis & Wiley Capital Management LLC owned about 0.69% of Par Pacific worth $6,795,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Harbor Capital Advisors Inc. raised its position in Par Pacific by 160.2% in the 3rd quarter. Harbor Capital Advisors Inc. now owns 513,254 shares of the company's stock worth $9,033,000 after buying an additional 315,967 shares during the last quarter. WINTON GROUP Ltd raised its holdings in shares of Par Pacific by 802.8% during 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 during the last quarter. Walleye Capital LLC lifted its position in Par Pacific by 1,014.3% during the third quarter. Walleye Capital LLC now owns 273,868 shares of the company's stock valued at $4,820,000 after purchasing an additional 249,290 shares during the period. Algert Global LLC boosted its holdings in Par Pacific by 63.8% in the third quarter. Algert Global LLC now owns 303,970 shares of the company's stock worth $5,350,000 after purchasing an additional 118,393 shares during the last quarter. Finally, Creative Planning grew its position in Par Pacific by 246.2% in the 3rd quarter. Creative Planning now owns 33,014 shares of the company's stock worth $581,000 after purchasing an additional 23,478 shares during the period. Hedge funds and other institutional investors own 92.15% of the company's stock.

Par Pacific Stock Performance

Par Pacific stock traded down $0.19 during midday trading on Friday, hitting $16.07. The stock had a trading volume of 596,205 shares, compared to its average volume of 904,960. The company has a current ratio of 1.69, a quick ratio of 0.66 and a debt-to-equity ratio of 0.84. Par Pacific Holdings, Inc. has a 52-week low of $14.84 and a 52-week high of $40.69. The company has a market capitalization of $899.12 million, a PE ratio of 3.15 and a beta of 1.99. The firm's fifty day moving average is $17.21 and its two-hundred day moving average is $21.35.

Par Pacific (NYSE:PARR - Get Free Report) last issued its earnings results on Monday, November 4th. The company reported ($0.10) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.12) by $0.02. The company had revenue of $2.14 billion for the quarter, compared to the consensus estimate of $1.88 billion. Par Pacific had a return on equity of 10.06% and a net margin of 3.74%. The firm's quarterly revenue was down 16.9% on a year-over-year basis. During the same quarter last year, the company earned $3.15 EPS. On average, research analysts forecast that Par Pacific Holdings, Inc. will post 0.83 EPS for the current year.

Analyst Ratings Changes

Several equities analysts have recently weighed in on the company. StockNews.com raised Par Pacific from a "sell" rating to a "hold" rating in a report on Thursday, November 14th. UBS Group dropped their target price on Par Pacific from $40.00 to $29.00 and set a "neutral" rating on the stock in a research report on Monday, August 19th. TD Cowen reduced their price target on shares of Par Pacific from $36.00 to $32.00 and set a "buy" rating for the company in a research report on Friday, August 9th. Piper Sandler cut shares of Par Pacific from an "overweight" rating to a "neutral" rating and lowered their price objective for the stock from $37.00 to $23.00 in a research note on Friday, September 20th. Finally, Tudor Pickering upgraded shares of Par Pacific to a "hold" rating in a research report on Monday, September 9th. Six research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company's stock. According to MarketBeat.com, Par Pacific has an average rating of "Hold" and a consensus target price of $28.00.

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.