Walleye Capital LLC Acquires 249,290 Shares of Par Pacific Holdings, Inc. (NYSE:PARR)

Walleye Capital LLC boosted its position in shares of Par Pacific Holdings, Inc. (NYSE:PARR - Free Report) by 1,014.3% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 273,868 shares of the company's stock after buying an additional 249,290 shares during the period. Walleye Capital LLC owned approximately 0.49% of Par Pacific worth $4,820,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently made changes to their positions in PARR. Pacer Advisors Inc. bought a new stake in shares of Par Pacific during the 3rd quarter worth $61,870,000. Dimensional Fund Advisors LP grew its holdings in shares of Par Pacific by 0.8% during the second quarter. Dimensional Fund Advisors LP now owns 2,136,956 shares of the company's stock worth $53,956,000 after purchasing an additional 17,509 shares in the last quarter. Millennium Management LLC lifted its position in Par Pacific by 48.4% in the second quarter. Millennium Management LLC now owns 1,952,754 shares of the company's stock valued at $49,307,000 after purchasing an additional 636,908 shares during the last quarter. American Century Companies Inc. lifted its position in Par Pacific by 13.9% in the second quarter. American Century Companies Inc. now owns 1,435,794 shares of the company's stock valued at $36,254,000 after purchasing an additional 175,331 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its position in Par Pacific by 1.8% in the third quarter. Charles Schwab Investment Management Inc. now owns 741,626 shares of the company's stock valued at $13,053,000 after purchasing an additional 13,457 shares during the last quarter. Institutional investors own 92.15% of the company's stock.

Analyst Ratings Changes

A number of research firms have recently commented on PARR. The Goldman Sachs Group cut their target price on Par Pacific from $32.00 to $28.00 and set a "neutral" rating on the stock in a research note on Wednesday, October 9th. Tudor Pickering raised Par Pacific to a "hold" rating in a research note on Monday, September 9th. TD Cowen decreased their target price on Par Pacific from $36.00 to $32.00 and set a "buy" rating on the stock in a research note on Friday, August 9th. Piper Sandler cut Par Pacific from an "overweight" rating to a "neutral" rating and cut their price target for the company from $37.00 to $23.00 in a report on Friday, September 20th. Finally, StockNews.com raised Par Pacific from a "sell" rating to a "hold" rating in a research report on Thursday, November 14th. Six research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat.com, Par Pacific has an average rating of "Hold" and an average price target of $28.00.

Par Pacific Stock Performance

PARR traded up $0.23 during trading on Monday, hitting $17.66. The stock had a trading volume of 1,012,004 shares, compared to its average volume of 907,445. The firm has a market cap of $988.11 million, a PE ratio of 3.40 and a beta of 1.99. Par Pacific Holdings, Inc. has a 12 month low of $14.84 and a 12 month high of $40.69. The company has a current ratio of 1.69, a quick ratio of 0.66 and a debt-to-equity ratio of 0.84. The company has a 50 day simple moving average of $17.30 and a 200-day simple moving average of $21.58.

Par Pacific (NYSE:PARR - Get Free Report) last issued its quarterly earnings data on Monday, November 4th. The company reported ($0.10) EPS for the quarter, topping analysts' consensus estimates of ($0.12) by $0.02. The business had revenue of $2.14 billion for the quarter, compared to analyst estimates of $1.88 billion. Par Pacific had a net margin of 3.74% and a return on equity of 10.06%. The firm's quarterly revenue was down 16.9% on a year-over-year basis. During the same period last year, the business posted $3.15 earnings per share. Analysts expect that Par Pacific Holdings, Inc. will post 0.95 EPS for the current year.

About Par Pacific

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.