Cinctive Capital Management LP Buys 61,668 Shares of Par Pacific Holdings, Inc. (NYSE:PARR)

Cinctive Capital Management LP lifted its position in shares of Par Pacific Holdings, Inc. (NYSE:PARR - Free Report) by 67.9% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 152,517 shares of the company's stock after acquiring an additional 61,668 shares during the period. Cinctive Capital Management LP owned about 0.27% of Par Pacific worth $2,684,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in PARR. SummerHaven Investment Management LLC raised its stake in shares of Par Pacific by 2.0% during the second quarter. SummerHaven Investment Management LLC now owns 28,537 shares of the company's stock valued at $721,000 after purchasing an additional 563 shares in the last quarter. Simplicity Wealth LLC raised its holdings in shares of Par Pacific by 5.1% during the second quarter. Simplicity Wealth LLC now owns 13,949 shares of the company's stock worth $352,000 after acquiring an additional 677 shares in the last quarter. Linden Thomas Advisory Services LLC lifted its stake in Par Pacific by 1.6% in the second quarter. Linden Thomas Advisory Services LLC now owns 43,892 shares of the company's stock valued at $1,108,000 after acquiring an additional 703 shares during the last quarter. Headlands Technologies LLC grew its holdings 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 during the last quarter. Finally, State of Alaska Department of Revenue boosted its holdings in Par Pacific by 2.6% during the third quarter. State of Alaska Department of Revenue now owns 32,145 shares of the company's stock valued at $565,000 after acquiring an additional 810 shares during the period. 92.15% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several research analysts recently commented on PARR shares. Tudor Pickering raised Par Pacific to a "hold" rating in a research report on Monday, September 9th. UBS Group cut their price target on Par Pacific from $40.00 to $29.00 and set a "neutral" rating on the stock in a research note on Monday, August 19th. Mizuho lowered their target price on shares of Par Pacific from $28.00 to $26.00 and set an "outperform" rating for the company in a report on Wednesday, October 9th. Tudor, Pickering, Holt & Co. lowered shares of Par Pacific from a "buy" rating to a "hold" rating in a research note on Monday, September 9th. Finally, StockNews.com raised Par Pacific from a "sell" rating to a "hold" rating in a research report on Thursday, November 14th. Six research analysts have rated the stock with a hold rating and three have given a buy rating to the company's stock. According to MarketBeat, Par Pacific presently has a consensus rating of "Hold" and a consensus price target of $28.00.

Par Pacific Stock Down 1.2 %

NYSE:PARR traded down $0.21 during trading hours on Tuesday, reaching $17.45. The company had a trading volume of 219,224 shares, compared to its average volume of 904,444. Par Pacific Holdings, Inc. has a twelve month low of $14.84 and a twelve month high of $40.69. The firm has a market cap of $976.33 million, a price-to-earnings ratio of 3.42 and a beta of 1.99. The business's 50-day simple moving average is $17.30 and its two-hundred day simple moving average is $21.58. The company has a quick ratio of 0.66, a current ratio of 1.69 and a debt-to-equity ratio of 0.84.

Par Pacific (NYSE:PARR - Get Free Report) last announced its earnings results on Monday, November 4th. The company reported ($0.10) EPS for the quarter, beating the consensus estimate of ($0.12) by $0.02. The company had revenue of $2.14 billion during 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 for the quarter was down 16.9% on a year-over-year basis. During the same quarter in the prior year, the company posted $3.15 earnings per share. On average, equities analysts expect that Par Pacific Holdings, Inc. will post 0.95 earnings per share for the current year.

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.