Yaupon Capital Management LP Sells 180,170 Shares of Par Pacific Holdings, Inc. (NYSE:PARR)

Yaupon Capital Management LP cut its stake in shares of Par Pacific Holdings, Inc. (NYSE:PARR - Free Report) by 29.8% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 424,658 shares of the company's stock after selling 180,170 shares during the quarter. Yaupon Capital Management LP owned approximately 0.76% of Par Pacific worth $6,960,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. FMR LLC raised its stake in Par Pacific by 126.7% during the third quarter. FMR LLC now owns 8,634 shares of the company's stock worth $152,000 after buying an additional 4,826 shares during the last quarter. Barclays PLC grew 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 buying an additional 42,930 shares during the period. Geode Capital Management LLC grew its holdings in Par Pacific by 0.6% in the third quarter. Geode Capital Management LLC now owns 1,283,303 shares of the company's stock worth $22,591,000 after purchasing an additional 7,804 shares during the period. Sanctuary Advisors LLC bought a new stake in Par Pacific in the third quarter valued at $383,000. Finally, GAMMA Investing LLC raised its holdings in shares of Par Pacific by 232.5% during the fourth quarter. GAMMA Investing LLC now owns 1,669 shares of the company's stock valued at $27,000 after purchasing an additional 1,167 shares during the period. Institutional investors own 92.15% of the company's stock.

Analysts Set New Price Targets

A number of brokerages have commented on PARR. Piper Sandler reduced their price objective on Par Pacific from $25.00 to $21.00 and set an "overweight" rating for the company in a research note on Friday, March 7th. Raymond James initiated coverage on shares of Par Pacific in a research note on Friday, January 24th. They issued 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. JPMorgan Chase & Co. dropped their price target on Par Pacific from $27.00 to $26.00 and set an "overweight" rating on the stock in a report on Thursday, January 16th. Finally, 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. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat.com, Par Pacific presently has a consensus rating of "Hold" and an average target price of $20.68.

Par Pacific Trading Down 1.2 %

PARR stock traded down $0.17 on Friday, reaching $14.37. The company's stock had a trading volume of 880,409 shares, compared to its average volume of 1,081,654. 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 business has a fifty day simple moving average of $13.93 and a two-hundred day simple moving average of $15.86. The firm has a market cap of $781.02 million, a PE ratio of 2.78 and a beta of 1.64. Par Pacific Holdings, Inc. has a 12-month low of $11.86 and a 12-month high of $32.74.

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 analysts' consensus estimates of ($0.15) by ($0.64). The company had revenue of $1.83 billion for the quarter, compared to the consensus estimate of $1.68 billion. Par Pacific had a net margin of 3.74% and a return on equity of 10.06%. As a group, research analysts forecast that Par Pacific Holdings, Inc. will post 0.15 EPS for the current 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.