Empowered Funds LLC Purchases 15,240 Shares of Par Pacific Holdings, Inc. (NYSE:PARR)

Empowered Funds LLC increased its stake in Par Pacific Holdings, Inc. (NYSE:PARR - Free Report) by 5.1% during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 313,768 shares of the company's stock after buying an additional 15,240 shares during the period. Empowered Funds LLC owned 0.56% of Par Pacific worth $5,143,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Harbor Capital Advisors Inc. grew its stake in shares of Par Pacific by 160.2% in the 3rd quarter. Harbor Capital Advisors Inc. now owns 513,254 shares of the company's stock worth $9,033,000 after buying an additional 315,967 shares during the last quarter. Walleye Capital LLC grew its stake in shares of Par Pacific by 1,014.3% in the 3rd quarter. Walleye Capital LLC now owns 273,868 shares of the company's stock worth $4,820,000 after buying an additional 249,290 shares during the last quarter. State Street Corp boosted its stake in Par Pacific by 10.5% during the 3rd quarter. State Street Corp now owns 3,461,282 shares of the company's stock valued at $60,919,000 after purchasing an additional 328,325 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in Par Pacific by 7.4% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 127,732 shares of the company's stock valued at $2,248,000 after purchasing an additional 8,844 shares during the last quarter. Finally, Algert Global LLC boosted its stake in Par Pacific by 63.8% during the 3rd quarter. Algert Global LLC now owns 303,970 shares of the company's stock valued at $5,350,000 after purchasing an additional 118,393 shares during the last quarter. Hedge funds and other institutional investors own 92.15% of the company's stock.

Analyst Ratings Changes

PARR has been the topic of several research analyst reports. JPMorgan Chase & Co. lowered their price target on Par Pacific from $27.00 to $26.00 and set an "overweight" rating on the stock in a report on Thursday, January 16th. Raymond James initiated coverage on Par Pacific in a report on Friday, January 24th. They set an "outperform" rating and a $25.00 price target on the stock. Mizuho cut Par Pacific from an "outperform" rating to a "neutral" rating and lowered their price target for the company from $26.00 to $22.00 in a report on Monday, December 16th. The Goldman Sachs Group decreased their target price on Par Pacific from $23.00 to $20.00 and set a "neutral" rating on the stock in a report on Friday, January 31st. Finally, StockNews.com raised Par Pacific from a "sell" rating to a "hold" rating in a report on Thursday, November 14th. Seven equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of "Hold" and an average target price of $25.29.

Par Pacific Price Performance

Shares of Par Pacific stock traded up $0.22 during trading on Friday, reaching $15.78. 1,511,298 shares of the stock traded hands, compared to its average volume of 832,710. The company has a market capitalization of $883.03 million, a price-to-earnings ratio of 3.06 and a beta of 1.99. The business has a fifty day simple moving average of $16.79 and a two-hundred day simple moving average of $18.32. The company has a debt-to-equity ratio of 0.84, a current ratio of 1.69 and a quick ratio of 0.66. Par Pacific Holdings, Inc. has a 52-week low of $14.84 and a 52-week high of $40.69.

Insider Activity

In other news, Director William Pate sold 67,700 shares of the firm's stock in a transaction dated Thursday, December 12th. The stock was sold at an average price of $16.22, for a total transaction of $1,098,094.00. Following the completion of the transaction, the director now owns 524,610 shares in the company, valued at $8,509,174.20. This trade represents a 11.43 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Company insiders own 4.40% of the company's stock.

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.