Par Pacific Holdings, Inc. (NYSE:PARR) Shares Sold by Thrivent Financial for Lutherans

Thrivent Financial for Lutherans lessened its holdings in Par Pacific Holdings, Inc. (NYSE:PARR - Free Report) by 21.9% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 84,495 shares of the company's stock after selling 23,672 shares during the period. Thrivent Financial for Lutherans owned about 0.15% of Par Pacific worth $1,385,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently bought and sold shares of PARR. State Street Corp increased its position in shares of Par Pacific by 10.5% in the third quarter. State Street Corp now owns 3,461,282 shares of the company's stock valued at $60,919,000 after buying an additional 328,325 shares in the last quarter. Geode Capital Management LLC lifted its holdings in Par Pacific by 0.6% during the third quarter. Geode Capital Management LLC now owns 1,283,303 shares of the company's stock valued at $22,591,000 after purchasing an additional 7,804 shares in the last quarter. Charles Schwab Investment Management Inc. grew its position 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 valued at $14,902,000 after purchasing an additional 167,594 shares during the period. Yaupon Capital Management LP increased its stake in shares of Par Pacific by 17.0% during the third quarter. Yaupon Capital Management LP now owns 604,828 shares of the company's stock worth $10,645,000 after purchasing an additional 87,881 shares in the last quarter. Finally, Barclays PLC raised its position in shares of 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 purchasing an additional 42,930 shares during the last quarter. Hedge funds and other institutional investors own 92.15% of the company's stock.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on the company. Piper Sandler lowered their price objective on Par Pacific from $25.00 to $21.00 and set an "overweight" rating on the stock in a report on Friday, March 7th. TD Cowen lowered their price target on Par Pacific from $21.00 to $17.00 and set a "buy" rating on the stock in a research note on Thursday, February 27th. JPMorgan Chase & Co. reduced their price objective on Par Pacific from $27.00 to $26.00 and set an "overweight" rating for the company in a research note on Thursday, January 16th. StockNews.com lowered Par Pacific from a "hold" rating to a "sell" rating in a report on Friday, February 28th. Finally, Raymond James started coverage on shares of Par Pacific in a report on Friday, January 24th. They set an "outperform" rating and a $25.00 target price for the company. 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. According to data from MarketBeat, the company presently has a consensus rating of "Hold" and an average target price of $22.71.

Par Pacific Trading Down 11.4 %

Shares of PARR traded down $1.72 during midday trading on Thursday, reaching $13.27. The company had a trading volume of 2,590,187 shares, compared to its average volume of 1,026,783. Par Pacific Holdings, Inc. has a 1-year low of $11.86 and a 1-year high of $40.20. 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 firm has a 50 day simple moving average of $15.10 and a 200-day simple moving average of $16.45. The stock has a market cap of $726.72 million, a PE ratio of 2.57 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 (EPS) for the quarter, missing the consensus estimate of ($0.15) by ($0.64). The firm had revenue of $1.83 billion for the quarter, compared to analyst estimates of $1.68 billion. Par Pacific had a return on equity of 10.06% and a net margin of 3.74%. Research analysts forecast 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.