Prudential Financial Inc. Has $1.11 Million Stock Holdings in Par Pacific Holdings, Inc. (NYSE:PARR)

Prudential Financial Inc. cut its position in Par Pacific Holdings, Inc. (NYSE:PARR - Free Report) by 43.4% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 67,401 shares of the company's stock after selling 51,610 shares during the period. Prudential Financial Inc. owned about 0.12% of Par Pacific worth $1,105,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the company. State Street Corp raised 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 worth $60,919,000 after buying an additional 328,325 shares during the period. Charles Schwab Investment Management Inc. increased its holdings in shares of Par Pacific by 22.6% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 909,220 shares of the company's stock worth $14,902,000 after acquiring an additional 167,594 shares in the last quarter. Weiss Asset Management LP acquired a new stake in shares of Par Pacific during the third quarter worth about $2,636,000. Viking Fund Management LLC bought a new position in shares of Par Pacific during the 4th quarter valued at about $1,229,000. Finally, Barclays PLC grew its position in shares of Par Pacific by 10.1% in the 3rd quarter. Barclays PLC now owns 469,640 shares of the company's stock valued at $8,265,000 after purchasing an additional 42,930 shares during the period. 92.15% of the stock is owned by institutional investors.

Par Pacific Stock Down 0.2 %

NYSE:PARR traded down $0.03 on Friday, hitting $13.62. 1,253,171 shares of the company's stock were exchanged, compared to its average volume of 1,054,494. The company has a market cap of $745.83 million, a P/E ratio of 2.64 and a beta of 1.64. The firm has a 50-day moving average price of $14.51 and a 200-day moving average price of $16.15. 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 $11.86 and a 52 week high of $35.46.

Par Pacific (NYSE:PARR - Get Free Report) last released its earnings results on Tuesday, February 25th. The company reported ($0.79) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.15) by ($0.64). The company had revenue of $1.83 billion for the quarter, compared to the consensus estimate of $1.68 billion. Par Pacific had a return on equity of 10.06% and a net margin of 3.74%. As a group, analysts expect that Par Pacific Holdings, Inc. will post 0.15 EPS for the current fiscal year.

Analysts Set New Price Targets

PARR has been the topic of several research analyst reports. Mizuho downgraded shares of Par Pacific from an "outperform" rating to a "neutral" rating and dropped their target price for the stock from $26.00 to $22.00 in a report on Monday, December 16th. JPMorgan Chase & Co. dropped their price objective on shares of Par Pacific from $27.00 to $26.00 and set an "overweight" rating on the stock in a report on Thursday, January 16th. Piper Sandler cut their price objective on shares of Par Pacific from $25.00 to $21.00 and set an "overweight" rating on the stock in a research report on Friday, March 7th. StockNews.com cut Par Pacific from a "hold" rating to a "sell" rating in a report on Friday, February 28th. Finally, Raymond James started coverage on Par Pacific in a report on Friday, January 24th. They issued an "outperform" rating and a $25.00 price target on the stock. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and five have issued a buy rating to the company. According to MarketBeat, Par Pacific presently has an average 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.