Public Sector Pension Investment Board Has $5.61 Million Stock Position in Par Pacific Holdings, Inc. (NYSE:PARR)

Public Sector Pension Investment Board reduced its holdings in shares of Par Pacific Holdings, Inc. (NYSE:PARR - Free Report) by 17.3% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 318,486 shares of the company's stock after selling 66,800 shares during the period. Public Sector Pension Investment Board owned about 0.57% of Par Pacific worth $5,605,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of PARR. Headlands Technologies LLC raised its position in Par Pacific by 215.1% during the second quarter. Headlands Technologies LLC now owns 1,166 shares of the company's stock valued at $29,000 after purchasing an additional 796 shares in the last quarter. Meeder Asset Management Inc. purchased a new stake in Par Pacific during the second quarter valued at about $43,000. Quarry LP raised its position in Par Pacific by 610.5% during the 2nd quarter. Quarry LP now owns 2,359 shares of the company's stock valued at $60,000 after purchasing an additional 2,027 shares during the last quarter. nVerses Capital LLC grew its stake in shares of Par Pacific by 41.7% in the 2nd quarter. nVerses Capital LLC now owns 3,400 shares of the company's stock worth $86,000 after buying an additional 1,000 shares during the last quarter. Finally, Innealta Capital LLC purchased a new position in shares of Par Pacific in the 2nd quarter worth $104,000. 92.15% of the stock is currently owned by institutional investors and hedge funds.

Par Pacific Price Performance

NYSE PARR traded up $0.23 during trading hours on Monday, reaching $17.66. The company's stock had a trading volume of 1,012,004 shares, compared to its average volume of 907,445. The stock has a market cap of $988.11 million, a PE ratio of 3.40 and a beta of 1.99. The company has a debt-to-equity ratio of 0.84, a quick ratio of 0.66 and a current ratio of 1.69. The company's 50-day moving average is $17.30 and its two-hundred day moving average is $21.58. Par Pacific Holdings, Inc. has a fifty-two week low of $14.84 and a fifty-two week high of $40.69.

Par Pacific (NYSE:PARR - Get Free Report) last issued its quarterly earnings data 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. Par Pacific had a net margin of 3.74% and a return on equity of 10.06%. The company had revenue of $2.14 billion during the quarter, compared to the consensus estimate of $1.88 billion. During the same quarter last year, the company earned $3.15 earnings per share. Par Pacific's revenue for the quarter was down 16.9% on a year-over-year basis. Analysts forecast that Par Pacific Holdings, Inc. will post 0.95 EPS for the current year.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on the company. Mizuho decreased their target price on Par Pacific from $28.00 to $26.00 and set an "outperform" rating on the stock in a research report on Wednesday, October 9th. JPMorgan Chase & Co. upgraded shares of Par Pacific from a "neutral" rating to an "overweight" rating and reduced their price target for the company from $36.00 to $30.00 in a report on Wednesday, October 2nd. Tudor, Pickering, Holt & Co. cut shares of Par Pacific from a "buy" rating to a "hold" rating in a report on Monday, September 9th. UBS Group decreased their price target on shares of Par Pacific from $40.00 to $29.00 and set a "neutral" rating for the company in a report on Monday, August 19th. Finally, Piper Sandler lowered shares of Par Pacific from an "overweight" rating to a "neutral" rating and dropped their price target for the company from $37.00 to $23.00 in a research report on Friday, September 20th. Six investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. Based on data from MarketBeat, Par Pacific presently has a consensus rating of "Hold" and an average 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.