Arrowstreet Capital Limited Partnership Sells 456,592 Shares of Par Pacific Holdings, Inc. (NYSE:PARR)

Arrowstreet Capital Limited Partnership lowered its position in Par Pacific Holdings, Inc. (NYSE:PARR - Free Report) by 94.7% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 25,580 shares of the company's stock after selling 456,592 shares during the period. Arrowstreet Capital Limited Partnership's holdings in Par Pacific were worth $419,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently modified their holdings of the company. GAMMA Investing LLC increased its holdings in Par Pacific by 232.5% in the fourth 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. US Bancorp DE grew its position in shares of Par Pacific by 55.7% during the 4th quarter. US Bancorp DE now owns 1,823 shares of the company's stock worth $30,000 after buying an additional 652 shares during the period. Nisa Investment Advisors LLC increased its stake in shares of Par Pacific by 37.7% in the 4th 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. 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 valued at $139,000 after acquiring an additional 7,975 shares during the period. Finally, FMR LLC lifted 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 valued at $152,000 after acquiring an additional 4,826 shares during the period. 92.15% of the stock is owned by institutional investors.

Par Pacific Stock Up 4.8 %

Par Pacific stock traded up $0.60 during trading on Friday, hitting $13.17. 1,201,859 shares of the company were exchanged, compared to its average volume of 1,068,713. The company has a current ratio of 1.69, a quick ratio of 0.66 and a debt-to-equity ratio of 0.84. The business's 50 day moving average is $14.07 and its 200 day moving average is $16.00. Par Pacific Holdings, Inc. has a 52 week low of $11.86 and a 52 week high of $33.08. The company has a market capitalization of $716.02 million, a P/E ratio of 2.55 and a beta of 1.64.

Par Pacific (NYSE:PARR - Get Free Report) last posted its earnings results on Tuesday, February 25th. The company reported ($0.79) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.15) by ($0.64). Par Pacific had a return on equity of 10.06% and a net margin of 3.74%. The firm had revenue of $1.83 billion during the quarter, compared to the consensus estimate of $1.68 billion. Analysts predict that Par Pacific Holdings, Inc. will post 0.15 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on PARR shares. The Goldman Sachs Group raised shares of Par Pacific from a "neutral" rating to a "buy" rating and lifted their price target for the company from $18.00 to $19.00 in a research note on Thursday, March 27th. StockNews.com downgraded Par Pacific from a "hold" rating to a "sell" rating in a research note on Friday, February 28th. Piper Sandler reduced their price objective on Par Pacific from $25.00 to $21.00 and set an "overweight" rating for the company in a research note on Friday, March 7th. UBS Group decreased their price objective on Par Pacific from $20.00 to $14.75 and set a "neutral" rating for the company in a report on Wednesday. Finally, JPMorgan Chase & Co. cut their target price on Par Pacific from $27.00 to $26.00 and set an "overweight" rating on the stock in a report on Thursday, January 16th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and five have given a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of "Hold" and a consensus price target of $20.68.

Par Pacific 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.