Victory Capital Management Inc. Has $175,000 Stock Holdings in Par Pacific Holdings, Inc. (NYSE:PARR)

Victory Capital Management Inc. decreased its stake in shares of Par Pacific Holdings, Inc. (NYSE:PARR - Free Report) by 85.2% during the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 10,691 shares of the company's stock after selling 61,437 shares during the quarter. Victory Capital Management Inc.'s holdings in Par Pacific were worth $175,000 as of its most recent filing with the SEC.

A number of other large investors have also made changes to their positions in PARR. GAMMA Investing LLC lifted its position 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 during the period. US Bancorp DE lifted its holdings 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 acquiring an additional 652 shares during the period. Nisa Investment Advisors LLC boosted its position in shares of Par Pacific by 37.7% during 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 increased its stake 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 raised its position in Par Pacific by 126.7% in the third 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.

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Par Pacific Trading Up 4.2 %

Shares of NYSE:PARR traded up $0.59 during midday trading on Thursday, hitting $14.82. The company had a trading volume of 1,723,502 shares, compared to its average volume of 1,318,766. 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 12 month low of $11.86 and a 12 month high of $40.20. The firm has a fifty day simple moving average of $15.51 and a 200 day simple moving average of $16.61. The stock has a market cap of $811.58 million, a price-to-earnings ratio of 2.87 and a beta of 2.01.

Par Pacific (NYSE:PARR - Get Free Report) last released its quarterly earnings data on Tuesday, February 25th. The company reported ($0.79) earnings per share 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 for the quarter, compared to the consensus estimate of $1.68 billion. On average, analysts predict that Par Pacific Holdings, Inc. will post 0.15 EPS for the current year.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on the company. 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 Par Pacific in a report on Friday, January 24th. They set an "outperform" rating and a $25.00 price objective for the company. Mizuho lowered shares of Par Pacific from an "outperform" rating to a "neutral" rating and lowered their target price for the stock from $26.00 to $22.00 in a report on Monday, December 16th. Piper Sandler cut their price target on shares of Par Pacific from $25.00 to $21.00 and set an "overweight" rating for the company in a report on Friday, March 7th. Finally, The Goldman Sachs Group upgraded shares of Par Pacific from a "neutral" rating to a "buy" rating and boosted their price target for the company from $18.00 to $19.00 in a research report on Thursday. 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's stock. According to MarketBeat.com, Par Pacific presently has a consensus rating of "Hold" and an average target price of $22.71.

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.