Renaissance Technologies LLC Has $3.36 Million Stock Position in Par Pacific Holdings, Inc. (NYSE:PARR)

Renaissance Technologies LLC lowered its holdings in shares of Par Pacific Holdings, Inc. (NYSE:PARR - Free Report) by 47.5% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 205,203 shares of the company's stock after selling 185,631 shares during the quarter. Renaissance Technologies LLC owned about 0.37% of Par Pacific worth $3,363,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also modified their holdings of PARR. Charles Schwab Investment Management Inc. lifted its stake 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 buying an additional 167,594 shares during the last quarter. Sanctuary Advisors LLC raised its holdings in Par Pacific by 126.2% in the 4th quarter. Sanctuary Advisors LLC now owns 49,256 shares of the company's stock worth $843,000 after acquiring an additional 27,480 shares during the period. Barclays PLC lifted its position in Par Pacific by 10.1% during the 3rd quarter. Barclays PLC now owns 469,640 shares of the company's stock worth $8,265,000 after acquiring an additional 42,930 shares during the last quarter. Yorktown Management & Research Co Inc bought a new stake in Par Pacific during the fourth quarter valued at about $415,000. Finally, Empowered Funds LLC grew its position in shares of Par Pacific by 5.1% in the fourth quarter. Empowered Funds LLC now owns 313,768 shares of the company's stock valued at $5,143,000 after purchasing an additional 15,240 shares during the last quarter. Institutional investors and hedge funds own 92.15% of the company's stock.

Analysts Set New Price Targets

Several equities analysts recently weighed in on PARR shares. JPMorgan Chase & Co. cut their price objective on Par Pacific from $27.00 to $26.00 and set an "overweight" rating for the company in a research report on Thursday, January 16th. Raymond James started coverage on Par Pacific in a report on Friday, January 24th. They set an "outperform" rating and a $25.00 price target for the company. The Goldman Sachs Group upgraded shares of Par Pacific from a "neutral" rating to a "buy" rating and raised their price objective for the stock from $18.00 to $19.00 in a research note on Thursday, March 27th. UBS Group reduced their price target on shares of Par Pacific from $20.00 to $14.75 and set a "neutral" rating for the company in a report on Wednesday, April 16th. Finally, TD Cowen decreased their price target on shares of Par Pacific from $21.00 to $17.00 and set a "buy" rating on the stock in a research report on Thursday, February 27th. One analyst has rated the stock with a sell rating, four have issued a hold rating and five have given a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of "Hold" and an average price target of $20.68.

Par Pacific Trading Up 0.4 %

Shares of PARR stock opened at $14.02 on Thursday. The company has a debt-to-equity ratio of 0.84, a quick ratio of 0.66 and a current ratio of 1.69. The firm has a fifty day moving average of $13.95 and a 200-day moving average of $15.89. Par Pacific Holdings, Inc. has a 52-week low of $11.86 and a 52-week high of $32.91. The stock has a market cap of $761.78 million, a price-to-earnings ratio of 2.72 and a beta of 1.64.

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 analysts' consensus estimates of ($0.15) by ($0.64). The company had revenue of $1.83 billion for the quarter, compared to analyst estimates of $1.68 billion. Par Pacific had a net margin of 3.74% and a return on equity of 10.06%. On average, equities research analysts forecast that Par Pacific Holdings, Inc. will post 0.15 earnings per share for the current fiscal year.

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.

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