Hsbc Holdings PLC Has $880,000 Holdings in Par Pacific Holdings, Inc. $PARR

Hsbc Holdings PLC cut its position in shares of Par Pacific Holdings, Inc. (NYSE:PARRFree Report) by 71.7% in the first quarter, Holdings Channel reports. The firm owned 13,903 shares of the company’s stock after selling 35,193 shares during the period. Hsbc Holdings PLC’s holdings in Par Pacific were worth $880,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. Aster Capital Management DIFC Ltd grew its stake in shares of Par Pacific by 34.9% in the 4th quarter. Aster Capital Management DIFC Ltd now owns 1,847 shares of the company’s stock valued at $65,000 after buying an additional 478 shares in the last quarter. Rockefeller Capital Management L.P. raised its position in Par Pacific by 385.6% during the fourth quarter. Rockefeller Capital Management L.P. now owns 1,962 shares of the company’s stock valued at $69,000 after acquiring an additional 1,558 shares in the last quarter. Federated Hermes Inc. lifted its stake in Par Pacific by 70.4% in the fourth quarter. Federated Hermes Inc. now owns 2,096 shares of the company’s stock valued at $74,000 after acquiring an additional 866 shares during the last quarter. Smartleaf Asset Management LLC lifted its stake in Par Pacific by 81.1% in the second quarter. Smartleaf Asset Management LLC now owns 2,340 shares of the company’s stock valued at $62,000 after acquiring an additional 1,048 shares during the last quarter. Finally, HB Wealth Management LLC acquired a new stake in Par Pacific in the first quarter valued at approximately $205,000. 92.15% of the stock is currently owned by institutional investors and hedge funds.

Par Pacific Stock Performance

NYSE PARR opened at $83.04 on Thursday. The company’s fifty day moving average is $61.95 and its two-hundred day moving average is $55.36. Par Pacific Holdings, Inc. has a 52-week low of $26.83 and a 52-week high of $83.78. The company has a debt-to-equity ratio of 0.63, a current ratio of 1.62 and a quick ratio of 0.60. The firm has a market capitalization of $4.16 billion, a price-to-earnings ratio of 9.27 and a beta of 0.82.

Par Pacific (NYSE:PARRGet Free Report) last announced its quarterly earnings data on Tuesday, May 5th. The company reported $0.78 EPS for the quarter, missing analysts’ consensus estimates of $1.00 by ($0.22). Par Pacific had a net margin of 6.02% and a return on equity of 34.38%. The company had revenue of $1.82 billion for the quarter, compared to analyst estimates of $1.78 billion. During the same period in the prior year, the company posted ($0.94) EPS. The firm’s quarterly revenue was up 4.5% on a year-over-year basis. Equities research analysts forecast that Par Pacific Holdings, Inc. will post 18.6 EPS for the current year.

Analyst Ratings Changes

PARR has been the topic of several analyst reports. Raymond James Financial increased their price target on shares of Par Pacific from $80.00 to $85.00 and gave the stock an “outperform” rating in a research note on Monday, July 13th. The Goldman Sachs Group lifted their price objective on shares of Par Pacific from $77.00 to $92.00 and gave the company a “buy” rating in a research note on Thursday, July 23rd. Weiss Ratings reiterated a “hold (c+)” rating on shares of Par Pacific in a report on Wednesday, June 24th. Zacks Research raised shares of Par Pacific from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, July 7th. Finally, Mizuho raised their target price on Par Pacific from $79.00 to $80.00 and gave the company an “outperform” rating in a report on Thursday, July 9th. One investment analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat.com, Par Pacific has an average rating of “Moderate Buy” and an average target price of $81.57.

Read Our Latest Research Report on Par Pacific

Par Pacific Company Profile

(Free Report)

Par Pacific Holdings, Inc (NYSE: PARR) is a diversified downstream energy company engaged in the refining, marketing and logistics of petroleum products. Through its subsidiaries, Par Pacific operates the Par Hawaii Refinery on the island of Oʻahu, which processes crude oil into transportation fuels such as gasoline, diesel and jet fuel, as well as asphalt, petroleum coke and sulfur. In the Rocky Mountain region, the company owns and operates the Salt Lake City Refinery in Utah and associated logistics infrastructure, including pipelines and storage terminals, to support both crude supply and product distribution.

In marketing its refined products, Par Pacific maintains a network of branded and unbranded wholesale accounts across Hawaii and the U.S.

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Institutional Ownership by Quarter for Par Pacific (NYSE:PARR)

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