Par Pacific Holdings, Inc. (NYSE:PARR) Stake Reduced by Martingale Asset Management L P

Martingale Asset Management L P cut its position in shares of Par Pacific Holdings, Inc. (NYSE:PARR - Free Report) by 68.0% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 15,411 shares of the company's stock after selling 32,810 shares during the quarter. Martingale Asset Management L P's holdings in Par Pacific were worth $253,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of the company. Legal & General Group Plc increased its position in Par Pacific by 0.8% during the 4th quarter. Legal & General Group Plc now owns 150,322 shares of the company's stock worth $2,464,000 after purchasing an additional 1,156 shares in the last quarter. Bank of Montreal Can grew its stake in Par Pacific by 8.9% during the fourth quarter. Bank of Montreal Can now owns 16,522 shares of the company's stock worth $271,000 after buying an additional 1,351 shares during the period. Cerity Partners LLC increased its position in shares of Par Pacific by 35.1% in the fourth quarter. Cerity Partners LLC now owns 14,036 shares of the company's stock worth $239,000 after acquiring an additional 3,644 shares in the last quarter. Quadrant Capital Group LLC raised its position in Par Pacific by 123.1% in the fourth quarter. Quadrant Capital Group LLC now owns 3,233 shares of the company's stock valued at $53,000 after purchasing an additional 1,784 shares during the period. Finally, Wells Fargo & Company MN lifted its stake in shares of Par Pacific by 22.6% during the fourth quarter. Wells Fargo & Company MN now owns 33,855 shares of the company's stock worth $555,000 after purchasing an additional 6,238 shares in the last quarter. 92.15% of the stock is currently owned by hedge funds and other institutional investors.

Par Pacific Stock Up 4.8 %

NYSE PARR traded up $0.60 on Friday, hitting $13.17. 1,201,859 shares of the stock traded hands, 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 stock has a 50-day moving average of $14.07 and a 200 day moving average of $16.00. Par Pacific Holdings, Inc. has a twelve month low of $11.86 and a twelve month 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 quarterly 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). The firm had revenue of $1.83 billion for the quarter, compared to analyst estimates of $1.68 billion. Par Pacific had a net margin of 3.74% and a return on equity of 10.06%. As a group, analysts expect that Par Pacific Holdings, Inc. will post 0.15 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several brokerages recently commented on PARR. StockNews.com downgraded Par Pacific from a "hold" rating to a "sell" rating in a report on Friday, February 28th. Raymond James assumed coverage on shares of Par Pacific in a research report on Friday, January 24th. They set an "outperform" rating and a $25.00 target price on the stock. The Goldman Sachs Group raised shares of 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 report on Thursday, March 27th. UBS Group cut their price objective on shares of Par Pacific from $20.00 to $14.75 and set a "neutral" rating on the stock in a report on Wednesday. Finally, JPMorgan Chase & Co. lowered their target price on Par Pacific from $27.00 to $26.00 and set an "overweight" rating for the company in a research note on Thursday, January 16th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and five have assigned a buy rating to the company. According to MarketBeat.com, Par Pacific currently has an average rating of "Hold" and an average 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.