Yorktown Management & Research Co Inc Purchases New Stake in Par Pacific Holdings, Inc. (NYSE:PARR)

Yorktown Management & Research Co Inc acquired a new stake in Par Pacific Holdings, Inc. (NYSE:PARR - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 25,300 shares of the company's stock, valued at approximately $415,000.

Several other institutional investors and hedge funds have also modified their holdings of the company. Exchange Traded Concepts LLC grew its stake in shares of Par Pacific by 17.3% during the 4th quarter. Exchange Traded Concepts LLC now owns 19,169 shares of the company's stock valued at $314,000 after buying an additional 2,825 shares during the period. Inspire Investing LLC boosted its stake in Par Pacific by 4.6% during the 4th quarter. Inspire Investing LLC now owns 24,201 shares of the company's stock valued at $397,000 after acquiring an additional 1,066 shares during the last quarter. Mutual Advisors LLC raised its stake in Par Pacific by 30.9% during the fourth quarter. Mutual Advisors LLC now owns 65,724 shares of the company's stock valued at $1,171,000 after buying an additional 15,511 shares in the last quarter. Viking Fund Management LLC bought a new position in Par Pacific during the 4th quarter worth approximately $1,229,000. Finally, Nisa Investment Advisors LLC grew its position 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 worth $42,000 after acquiring an additional 700 shares in the last quarter. Hedge funds and other institutional investors own 92.15% of the company's stock.

Insider Buying and Selling

In other news, Director William Pate sold 67,700 shares of the stock in a transaction on Thursday, December 12th. The stock was sold at an average price of $16.22, for a total transaction of $1,098,094.00. Following the completion of the sale, the director now owns 524,610 shares in the company, valued at approximately $8,509,174.20. This represents a 11.43 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 4.40% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

PARR has been the topic of several research analyst reports. JPMorgan Chase & Co. reduced their price objective 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. StockNews.com raised shares of Par Pacific from a "sell" rating to a "hold" rating in a report on Thursday, November 14th. The Goldman Sachs Group dropped their price objective on shares of Par Pacific from $23.00 to $20.00 and set a "neutral" rating on the stock in a research note on Friday, January 31st. Raymond James started coverage on Par Pacific in a research note on Friday, January 24th. They issued an "outperform" rating and a $25.00 target price for the company. Finally, Mizuho downgraded Par Pacific from an "outperform" rating to a "neutral" rating and cut their price target for the stock from $26.00 to $22.00 in a report on Monday, December 16th. Seven investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, Par Pacific currently has a consensus rating of "Hold" and an average price target of $25.29.

Par Pacific Price Performance

PARR traded down $0.56 on Friday, reaching $16.39. The company had a trading volume of 783,444 shares, compared to its average volume of 832,710. The company has a fifty day moving average of $16.82 and a 200-day moving average of $18.65. 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 market capitalization of $917.19 million, a P/E ratio of 3.18 and a beta of 1.99. Par Pacific Holdings, Inc. has a one year low of $14.84 and a one year high of $40.69.

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.