Macquarie Group Ltd. lifted its stake in shares of Par Pacific Holdings, Inc. (NYSEAMERICAN:PARR) by 13.9% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 64,542 shares of the oil and gas company’s stock after purchasing an additional 7,890 shares during the quarter. Macquarie Group Ltd.’s holdings in Par Pacific were worth $1,317,000 as of its most recent filing with the Securities and Exchange Commission.
Other institutional investors also recently made changes to their positions in the company. First Quadrant L P CA bought a new position in Par Pacific in the 3rd quarter worth approximately $131,000. Allianz Asset Management GmbH bought a new position in Par Pacific in the 3rd quarter worth approximately $202,000. SG Americas Securities LLC bought a new position in Par Pacific in the 2nd quarter worth approximately $196,000. Zebra Capital Management LLC bought a new position in Par Pacific in the 2nd quarter worth approximately $206,000. Finally, Meeder Asset Management Inc. grew its holdings in Par Pacific by 69.4% in the 3rd quarter. Meeder Asset Management Inc. now owns 13,827 shares of the oil and gas company’s stock worth $282,000 after buying an additional 5,666 shares in the last quarter. Institutional investors and hedge funds own 83.57% of the company’s stock.
Shares of PARR stock opened at $15.75 on Wednesday. Par Pacific Holdings, Inc. has a 12-month low of $13.68 and a 12-month high of $21.34.
Par Pacific (NYSEAMERICAN:PARR) last issued its quarterly earnings data on Tuesday, November 6th. The oil and gas company reported $0.12 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.27 by ($0.15). The company had revenue of $909.78 million during the quarter, compared to analyst estimates of $744.50 million.
A number of equities analysts recently issued reports on the company. Cowen lowered Par Pacific from an “outperform” rating to a “market perform” rating and set a $22.00 price objective for the company. in a report on Wednesday, September 12th. Zacks Investment Research raised Par Pacific from a “hold” rating to a “buy” rating and set a $19.00 price objective for the company in a report on Tuesday, December 4th. CIBC assumed coverage on Par Pacific in a report on Friday, December 7th. They issued an “outperform” rating and a $22.00 price objective for the company. Finally, Oppenheimer assumed coverage on Par Pacific in a report on Thursday, December 6th. They issued an “outperform” rating and a $22.00 price objective for the company.
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Par Pacific Company Profile
Par Pacific Holdings, Inc owns, manages, and maintains interests in energy and infrastructure businesses. It operates through three segments: Refining, Retail, and Logistics. The Refining segment operates a refinery that produces ultra-low sulfur diesel, gasoline, jet fuel, marine fuel, and other associated refined products.
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