Semanteon Capital Management LP Makes New $551,000 Investment in Par Pacific Holdings, Inc. (NYSE:PARR)

Semanteon Capital Management LP acquired a new position in Par Pacific Holdings, Inc. (NYSE:PARR) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 15,157 shares of the company’s stock, valued at approximately $551,000.

Several other institutional investors have also added to or reduced their stakes in the stock. McGlone Suttner Wealth Management Inc. purchased a new stake in shares of Par Pacific in the 4th quarter worth about $30,000. Quantbot Technologies LP purchased a new stake in shares of Par Pacific in the 3rd quarter worth about $40,000. CIBC Asset Management Inc purchased a new stake in Par Pacific during the 3rd quarter valued at about $214,000. AlphaMark Advisors LLC purchased a new stake in Par Pacific during the 4th quarter valued at about $271,000. Finally, Koshinski Asset Management Inc. purchased a new stake in Par Pacific during the 3rd quarter valued at about $286,000. 92.15% of the stock is currently owned by institutional investors.

Insider Transactions at Par Pacific

In other news, CAO Ivan Daniel Guerra sold 6,000 shares of the stock in a transaction that occurred on Wednesday, March 13th. The shares were sold at an average price of $37.49, for a total value of $224,940.00. Following the transaction, the chief accounting officer now owns 16,200 shares in the company, valued at approximately $607,338. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other news, CAO Ivan Daniel Guerra sold 6,000 shares of the stock in a transaction that occurred on Wednesday, March 13th. The shares were sold at an average price of $37.49, for a total value of $224,940.00. Following the transaction, the chief accounting officer now owns 16,200 shares in the company, valued at approximately $607,338. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Jeffrey Ryan Hollis sold 4,700 shares of the firm’s stock in a transaction that occurred on Wednesday, March 13th. The stock was sold at an average price of $37.39, for a total transaction of $175,733.00. Following the sale, the insider now owns 13,176 shares in the company, valued at approximately $492,650.64. The disclosure for this sale can be found here. Company insiders own 4.40% of the company’s stock.

Analysts Set New Price Targets

PARR has been the topic of several recent analyst reports. StockNews.com downgraded shares of Par Pacific from a “buy” rating to a “hold” rating in a research report on Monday, March 4th. Piper Sandler increased their price objective on shares of Par Pacific from $43.00 to $47.00 and gave the company an “overweight” rating in a research report on Friday, April 5th. Three research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $36.75.

Par Pacific Stock Performance

PARR traded down $0.06 during midday trading on Friday, hitting $32.40. 701,982 shares of the company traded hands, compared to its average volume of 842,673. The company has a quick ratio of 0.54, a current ratio of 1.30 and a debt-to-equity ratio of 0.49. The firm has a market capitalization of $1.92 billion, a PE ratio of 2.71 and a beta of 1.95. The company’s 50-day moving average is $36.34 and its 200 day moving average is $35.25. Par Pacific Holdings, Inc. has a 52 week low of $20.30 and a 52 week high of $40.69.

Par Pacific (NYSE:PARR) last posted its earnings results on Tuesday, February 27th. The company reported $1.08 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.11 by ($0.03). Par Pacific had a net margin of 8.85% and a return on equity of 47.63%. The company had revenue of $2.18 billion for the quarter, compared to the consensus estimate of $2.45 billion. On average, research analysts expect that Par Pacific Holdings, Inc. will post 4.56 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.