Par Pacific Holdings, Inc. (NYSE:PARR) Shares Purchased by Trexquant Investment LP

Trexquant Investment LP increased its position in shares of Par Pacific Holdings, Inc. (NYSE:PARR - Free Report) by 56.8% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 198,882 shares of the company's stock after purchasing an additional 72,067 shares during the period. Trexquant Investment LP owned approximately 0.36% of Par Pacific worth $3,260,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in the company. GAMMA Investing LLC raised its stake in shares of Par Pacific by 232.5% during the 4th quarter. GAMMA Investing LLC now owns 1,669 shares of the company's stock worth $27,000 after buying an additional 1,167 shares in the last quarter. US Bancorp DE raised its position in Par Pacific by 55.7% in the fourth quarter. US Bancorp DE now owns 1,823 shares of the company's stock worth $30,000 after acquiring an additional 652 shares in the last quarter. Nisa Investment Advisors LLC raised its position in Par Pacific by 37.7% in the fourth quarter. Nisa Investment Advisors LLC now owns 2,557 shares of the company's stock worth $42,000 after acquiring an additional 700 shares in the last quarter. Allworth Financial LP lifted its holdings in Par Pacific by 4,804.2% in the fourth quarter. Allworth Financial LP now owns 8,141 shares of the company's stock valued at $139,000 after acquiring an additional 7,975 shares during the period. Finally, FMR LLC boosted its position in shares of Par Pacific by 126.7% during 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 in the last quarter. Institutional investors and hedge funds own 92.15% of the company's stock.

Analysts Set New Price Targets

PARR has been the subject of several recent analyst reports. Mizuho cut shares of Par Pacific from an "outperform" rating to a "neutral" rating and reduced their price objective for the company from $26.00 to $22.00 in a research note on Monday, December 16th. Piper Sandler reduced their price target on shares of Par Pacific from $25.00 to $21.00 and set an "overweight" rating for the company in a research report on Friday, March 7th. Raymond James began coverage on Par Pacific in a research note on Friday, January 24th. They issued an "outperform" rating and a $25.00 price objective for the company. JPMorgan Chase & Co. decreased their target price on Par Pacific from $27.00 to $26.00 and set an "overweight" rating on the stock in a research report on Thursday, January 16th. Finally, The Goldman Sachs Group upgraded Par Pacific from a "neutral" rating to a "buy" rating and raised their price target for the company from $18.00 to $19.00 in a research report on Thursday, March 27th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus price target of $22.71.

Par Pacific Stock Down 0.2 %

Shares of Par Pacific stock traded down $0.03 during trading hours on Friday, hitting $13.62. 1,253,171 shares of the company's stock traded hands, compared to its average volume of 1,054,494. The company has a quick ratio of 0.66, a current ratio of 1.69 and a debt-to-equity ratio of 0.84. The stock has a 50 day simple moving average of $14.51 and a 200-day simple moving average of $16.15. The company has a market cap of $745.83 million, a PE ratio of 2.64 and a beta of 1.64. Par Pacific Holdings, Inc. has a twelve month low of $11.86 and a twelve month high of $35.46.

Par Pacific (NYSE:PARR - Get Free Report) last issued its earnings results on Tuesday, February 25th. The company reported ($0.79) earnings per share for the quarter, missing analysts' consensus estimates of ($0.15) by ($0.64). Par Pacific had a return on equity of 10.06% and a net margin of 3.74%. The business had revenue of $1.83 billion for the quarter, compared to analyst estimates of $1.68 billion. Equities research analysts anticipate that Par Pacific Holdings, Inc. will post 0.15 earnings per share for the current fiscal 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.