Barclays PLC Has $8.27 Million Position in Par Pacific Holdings, Inc. (NYSE:PARR)

Barclays PLC boosted its position in shares of Par Pacific Holdings, Inc. (NYSE:PARR - Free Report) by 10.1% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 469,640 shares of the company's stock after acquiring an additional 42,930 shares during the quarter. Barclays PLC owned 0.84% of Par Pacific worth $8,265,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently modified their holdings of the company. Headlands Technologies LLC raised its position in shares of Par Pacific by 215.1% in 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 during the period. Meeder Asset Management Inc. acquired a new stake in Par Pacific during the second quarter worth approximately $43,000. Quarry LP boosted its holdings in shares of Par Pacific by 610.5% during the second quarter. Quarry LP now owns 2,359 shares of the company's stock worth $60,000 after acquiring an additional 2,027 shares during the period. nVerses Capital LLC increased its stake in shares of Par Pacific by 41.7% during the second quarter. nVerses Capital LLC now owns 3,400 shares of the company's stock worth $86,000 after purchasing an additional 1,000 shares during the period. Finally, Innealta Capital LLC acquired a new stake in Par Pacific during the 2nd quarter worth approximately $104,000. 92.15% of the stock is owned by institutional investors.

Insider Buying and Selling

In related news, Director William Pate sold 67,700 shares of the business's stock in a transaction on Thursday, December 12th. The shares were sold at an average price of $16.22, for a total value of $1,098,094.00. Following the transaction, the director now owns 524,610 shares in the company, valued at $8,509,174.20. The trade was a 11.43 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 4.40% of the stock is currently owned by insiders.

Par Pacific Trading Up 1.9 %

Par Pacific stock traded up $0.30 during trading hours on Wednesday, hitting $16.30. The stock had a trading volume of 396,348 shares, compared to its average volume of 901,767. The stock has a market cap of $912.02 million, a price-to-earnings ratio of 3.10 and a beta of 1.99. The company has a quick ratio of 0.66, a current ratio of 1.69 and a debt-to-equity ratio of 0.84. The business's 50 day simple moving average is $16.89 and its 200-day simple moving average is $20.63. Par Pacific Holdings, Inc. has a one year low of $14.84 and a one year high of $40.69.

Par Pacific (NYSE:PARR - Get Free Report) last posted its earnings results on Monday, November 4th. The company reported ($0.10) EPS for the quarter, topping the consensus estimate of ($0.12) by $0.02. The business had revenue of $2.14 billion for the quarter, compared to the consensus estimate of $1.88 billion. Par Pacific had a net margin of 3.74% and a return on equity of 10.06%. The firm's revenue was down 16.9% compared to the same quarter last year. During the same period last year, the company earned $3.15 EPS. On average, equities analysts predict that Par Pacific Holdings, Inc. will post 1.12 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several research firms have weighed in on PARR. The Goldman Sachs Group lowered their price objective on Par Pacific from $32.00 to $28.00 and set a "neutral" rating on the stock in a research report on Wednesday, October 9th. Tudor Pickering upgraded shares of Par Pacific to a "hold" rating in a research note on Monday, September 9th. Tudor, Pickering, Holt & Co. lowered shares of Par Pacific from a "buy" rating to a "hold" rating in a research report on Monday, September 9th. Mizuho cut Par Pacific from an "outperform" rating to a "neutral" rating and decreased their price target for the stock from $26.00 to $22.00 in a research report on Monday. Finally, StockNews.com upgraded Par Pacific from a "sell" rating to a "hold" rating in a research note on Thursday, November 14th. Seven investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company's stock. Based on data from MarketBeat.com, Par Pacific has an average rating of "Hold" and an average target price of $27.33.

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.