Everett Harris & Co. CA Makes New Investment in Par Pacific Holdings, Inc. $PARR

Everett Harris & Co. CA acquired a new position in Par Pacific Holdings, Inc. (NYSE:PARR) during the 2nd quarter, Holdings Channel.com reports. The institutional investor acquired 27,839 shares of the company’s stock, valued at approximately $739,000.

A number of other hedge funds also recently made changes to their positions in the stock. Farther Finance Advisors LLC increased its holdings in Par Pacific by 175.9% in the 2nd quarter. Farther Finance Advisors LLC now owns 1,181 shares of the company’s stock worth $31,000 after acquiring an additional 753 shares in the last quarter. Signaturefd LLC boosted its position in shares of Par Pacific by 70.2% in the first quarter. Signaturefd LLC now owns 2,391 shares of the company’s stock worth $34,000 after purchasing an additional 986 shares during the period. Caitong International Asset Management Co. Ltd purchased a new stake in shares of Par Pacific in the first quarter worth $35,000. Parallel Advisors LLC increased its stake in shares of Par Pacific by 232.9% in the second quarter. Parallel Advisors LLC now owns 1,325 shares of the company’s stock worth $35,000 after purchasing an additional 927 shares in the last quarter. Finally, Nisa Investment Advisors LLC raised its position in shares of Par Pacific by 157.4% during the 2nd quarter. Nisa Investment Advisors LLC now owns 1,596 shares of the company’s stock valued at $42,000 after purchasing an additional 976 shares during the period. 92.15% of the stock is currently owned by institutional investors.

Par Pacific Stock Performance

NYSE PARR opened at $40.92 on Thursday. The company has a debt-to-equity ratio of 0.97, a current ratio of 1.42 and a quick ratio of 0.56. Par Pacific Holdings, Inc. has a 1-year low of $11.86 and a 1-year high of $44.52. The business has a 50 day simple moving average of $36.92 and a two-hundred day simple moving average of $30.14. The stock has a market capitalization of $2.06 billion, a PE ratio of -146.13 and a beta of 1.74.

Par Pacific (NYSE:PARR) last issued its quarterly earnings data on Tuesday, November 4th. The company reported $5.95 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.98 by $3.97. Par Pacific had a negative return on equity of 1.79% and a negative net margin of 0.25%.The business had revenue of $2.01 billion for the quarter, compared to analysts’ expectations of $1.72 billion. During the same period in the prior year, the firm earned ($0.10) EPS. The company’s revenue for the quarter was down 6.1% on a year-over-year basis. On average, research analysts predict that Par Pacific Holdings, Inc. will post 0.15 EPS for the current fiscal year.

Insider Activity at Par Pacific

In other Par Pacific news, insider Jeffrey Ryan Hollis sold 5,228 shares of the stock in a transaction on Tuesday, September 2nd. The shares were sold at an average price of $34.55, for a total transaction of $180,627.40. Following the completion of the transaction, the insider owned 24,679 shares in the company, valued at $852,659.45. This trade represents a 17.48% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Timothy Clossey sold 2,000 shares of Par Pacific stock in a transaction on Monday, September 15th. The stock was sold at an average price of $33.37, for a total transaction of $66,740.00. Following the completion of the transaction, the director directly owned 84,000 shares of the company’s stock, valued at $2,803,080. The trade was a 2.33% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 36,638 shares of company stock valued at $1,371,866 over the last quarter. 4.40% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on PARR shares. Wall Street Zen raised shares of Par Pacific from a “buy” rating to a “strong-buy” rating in a report on Saturday, September 13th. Zacks Research raised Par Pacific from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, October 22nd. The Goldman Sachs Group increased their target price on Par Pacific from $34.00 to $40.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 22nd. Cowen reissued a “buy” rating on shares of Par Pacific in a report on Thursday, August 7th. Finally, UBS Group upped their price target on Par Pacific from $37.00 to $40.00 and gave the stock a “neutral” rating in a research note on Wednesday, November 5th. Two equities research analysts have rated the stock with a Strong Buy rating, six have given a Buy rating and four have assigned a Hold rating to the company’s stock. According to MarketBeat, Par Pacific currently has a consensus rating of “Moderate Buy” and an average price target of $39.00.

Par Pacific 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.