Vanguard Group Inc. lessened its holdings in shares of Par Pacific Holdings, Inc. (NYSE:PARR - Free Report) by 8.6% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 4,271,319 shares of the company's stock after selling 401,481 shares during the quarter. Vanguard Group Inc. owned about 7.63% of Par Pacific worth $70,007,000 as of its most recent filing with the SEC.
A number of other institutional investors have also recently made changes to their positions in PARR. Charles Schwab Investment Management Inc. grew 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 acquiring an additional 167,594 shares in the last quarter. State Street Corp increased its holdings 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 purchasing an additional 328,325 shares during the period. Sanctuary Advisors LLC raised its position in Par Pacific by 126.2% in the 4th quarter. Sanctuary Advisors LLC now owns 49,256 shares of the company's stock valued at $843,000 after purchasing an additional 27,480 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in shares of Par Pacific by 7.4% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 127,732 shares of the company's stock valued at $2,248,000 after buying an additional 8,844 shares during the period. Finally, Barclays PLC grew its position in shares of Par Pacific by 10.1% during the third quarter. Barclays PLC now owns 469,640 shares of the company's stock worth $8,265,000 after buying an additional 42,930 shares in the last quarter. Institutional investors and hedge funds own 92.15% of the company's stock.
Analyst Upgrades and Downgrades
A number of brokerages recently issued reports on PARR. Piper Sandler decreased their price target on shares of Par Pacific from $25.00 to $21.00 and set an "overweight" rating for the company in a research note on Friday, March 7th. JPMorgan Chase & Co. cut their price target on Par Pacific from $27.00 to $26.00 and set an "overweight" rating on the stock in a research note on Thursday, January 16th. Raymond James initiated coverage on Par Pacific in a research report on Friday, January 24th. They set an "outperform" rating and a $25.00 price objective for the company. The Goldman Sachs Group upgraded Par Pacific from a "neutral" rating to a "buy" rating and boosted their target price for the stock from $18.00 to $19.00 in a research note on Thursday, March 27th. Finally, StockNews.com cut shares of Par Pacific from a "hold" rating to a "sell" rating in a report on Friday, February 28th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and five have given a buy rating to the company's stock. According to data from MarketBeat.com, the stock has an average rating of "Hold" and a consensus target price of $22.71.
Check Out Our Latest Stock Report on PARR
Par Pacific Stock Performance
Shares of Par Pacific stock traded up $0.63 during trading on Wednesday, reaching $12.86. The company's stock had a trading volume of 148,165 shares, compared to its average volume of 1,057,534. The firm has a market cap of $698.95 million, a PE ratio of 2.50 and a beta of 1.64. The company has a 50-day moving average price of $14.32 and a two-hundred day moving average price of $16.08. The company has a current ratio of 1.69, a quick ratio of 0.66 and a debt-to-equity ratio of 0.84. Par Pacific Holdings, Inc. has a fifty-two week low of $11.86 and a fifty-two week high of $33.26.
Par Pacific (NYSE:PARR - Get Free Report) last announced its earnings results on Tuesday, February 25th. The company reported ($0.79) earnings per share for the quarter, missing the consensus estimate of ($0.15) by ($0.64). The business 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%. On average, analysts forecast that Par Pacific Holdings, Inc. will post 0.15 EPS for the current year.
About Par Pacific
(
Free Report)
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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