Janus Henderson Group PLC decreased its position in Par Pacific Holdings, Inc. (NYSE:PARR – Free Report) by 55.7% during the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 24,337 shares of the company’s stock after selling 30,657 shares during the quarter. Janus Henderson Group PLC’s holdings in Par Pacific were worth $1,525,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also bought and sold shares of the company. EverSource Wealth Advisors LLC grew its stake in shares of Par Pacific by 32.0% during the 1st quarter. EverSource Wealth Advisors LLC now owns 713 shares of the company’s stock valued at $45,000 after purchasing an additional 173 shares during the period. Smartleaf Asset Management LLC lifted its stake in shares of Par Pacific by 81.1% in the 2nd quarter. Smartleaf Asset Management LLC now owns 2,340 shares of the company’s stock worth $62,000 after purchasing an additional 1,048 shares during the period. Aster Capital Management DIFC Ltd boosted its holdings in shares of Par Pacific by 34.9% in the fourth quarter. Aster Capital Management DIFC Ltd now owns 1,847 shares of the company’s stock worth $65,000 after buying an additional 478 shares during the last quarter. Rockefeller Capital Management L.P. grew 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 buying an additional 1,558 shares during the period. Finally, Federated Hermes Inc. increased its holdings in Par Pacific by 70.4% during the fourth quarter. Federated Hermes Inc. now owns 2,096 shares of the company’s stock valued at $74,000 after buying an additional 866 shares during the last quarter. 92.15% of the stock is owned by hedge funds and other institutional investors.
Wall Street Analyst Weigh In
PARR has been the topic of several recent research reports. UBS Group increased their price target on shares of Par Pacific from $60.00 to $65.00 and gave the stock a “neutral” rating in a research report on Wednesday, July 8th. Evercore upgraded Par Pacific to an “outperform” rating in a research note on Wednesday, May 27th. Zacks Research cut Par Pacific from a “strong-buy” rating to a “hold” rating in a report on Thursday. Raymond James Financial lifted their target price on Par Pacific from $80.00 to $85.00 and gave the company an “outperform” rating in a research report on Monday, July 13th. Finally, TD Cowen cut their price target on Par Pacific from $100.00 to $95.00 and set a “buy” rating for the company in a report on Friday. Eleven research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $80.86.
Par Pacific Stock Performance
NYSE:PARR opened at $66.32 on Monday. The stock has a 50-day moving average price of $64.79 and a 200 day moving average price of $57.34. The stock has a market capitalization of $3.32 billion, a P/E ratio of 3.87 and a beta of 0.78. Par Pacific Holdings, Inc. has a 12-month low of $26.92 and a 12-month high of $87.03. The company has a current ratio of 1.84, a quick ratio of 0.76 and a debt-to-equity ratio of 0.38.
Par Pacific (NYSE:PARR – Get Free Report) last posted its quarterly earnings results on Tuesday, August 4th. The company reported $10.10 EPS for the quarter, topping analysts’ consensus estimates of $8.22 by $1.88. Par Pacific had a return on equity of 56.19% and a net margin of 9.94%.The company had revenue of $2.97 billion for the quarter, compared to analysts’ expectations of $2.40 billion. During the same period in the previous year, the firm earned $1.54 EPS. The firm’s revenue was up 56.8% compared to the same quarter last year. Equities research analysts forecast that Par Pacific Holdings, Inc. will post 19.35 EPS for the current fiscal year.
Par Pacific Profile
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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