Par Pacific Holdings, Inc. (NYSE:PARR) Shares Sold by Teacher Retirement System of Texas

Teacher Retirement System of Texas reduced its position in Par Pacific Holdings, Inc. (NYSE:PARR - Free Report) by 38.3% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 33,786 shares of the company's stock after selling 20,993 shares during the period. Teacher Retirement System of Texas owned 0.06% of Par Pacific worth $554,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in PARR. GAMMA Investing LLC increased its position in Par Pacific by 232.5% during the fourth quarter. GAMMA Investing LLC now owns 1,669 shares of the company's stock worth $27,000 after buying an additional 1,167 shares during the period. US Bancorp DE grew its position in shares of Par Pacific by 55.7% during the fourth quarter. US Bancorp DE now owns 1,823 shares of the company's stock worth $30,000 after acquiring an additional 652 shares during the last quarter. Nisa Investment Advisors LLC increased its holdings in shares of Par Pacific by 37.7% in the 4th quarter. Nisa Investment Advisors LLC now owns 2,557 shares of the company's stock valued at $42,000 after acquiring an additional 700 shares during the period. Allworth Financial LP raised its position in Par Pacific by 4,804.2% in the 4th quarter. Allworth Financial LP now owns 8,141 shares of the company's stock valued at $139,000 after purchasing an additional 7,975 shares during the last quarter. Finally, FMR LLC boosted its stake in Par Pacific by 126.7% during the 3rd quarter. FMR LLC now owns 8,634 shares of the company's stock worth $152,000 after purchasing an additional 4,826 shares during the period. 92.15% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research analysts have commented on the stock. Piper Sandler dropped 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 note on Friday, March 7th. TD Cowen reduced their price objective on Par Pacific from $21.00 to $17.00 and set a "buy" rating for the company in a research note on Thursday, February 27th. Mizuho cut Par Pacific from an "outperform" rating to a "neutral" rating and decreased their price objective for the stock from $26.00 to $22.00 in a research report on Monday, December 16th. The Goldman Sachs Group raised Par Pacific from a "neutral" rating to a "buy" rating and boosted their target price for the company from $18.00 to $19.00 in a report on Thursday, March 27th. Finally, StockNews.com lowered shares of Par Pacific from a "hold" rating to a "sell" rating in a research report on Friday, February 28th. One 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. Based on data from MarketBeat.com, Par Pacific presently has a consensus rating of "Hold" and an average target price of $22.71.

Par Pacific Price Performance

PARR stock traded down $1.72 on Thursday, reaching $13.27. 2,590,187 shares of the company's stock were exchanged, compared to its average volume of 1,026,783. The stock has a fifty day moving average of $15.10 and a 200-day moving average of $16.45. The firm has a market cap of $726.72 million, a PE ratio of 2.57 and a beta of 1.64. 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 Holdings, Inc. has a twelve month low of $11.86 and a twelve month high of $40.20.

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

Par Pacific Company 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.