Par Pacific (NYSE:PARR) Insider Sells $220,576.62 in Stock

Par Pacific Holdings, Inc. (NYSE:PARR – Get Free Report) insider Danielle Mattiussi sold 3,278 shares of the stock in a transaction on Friday, August 7th. The stock was sold at an average price of $67.29, for a total transaction of $220,576.62. Following the transaction, the insider owned 27,878 shares of the company’s stock, valued at $1,875,910.62. The trade was a 10.52% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

Par Pacific Stock Up 5.5%

Shares of PARR stock opened at $82.08 on Friday. 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 Holdings, Inc. has a 1 year low of $27.76 and a 1 year high of $87.03. The firm’s fifty day moving average price is $66.39 and its two-hundred day moving average price is $58.48. The firm has a market capitalization of $4.11 billion, a P/E ratio of 4.79 and a beta of 0.78.

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Par Pacific (NYSE:PARR – Get Free Report) last posted its quarterly earnings data on Tuesday, August 4th. The company reported $10.10 EPS for the quarter, topping analysts’ consensus estimates of $8.22 by $1.88. The company had revenue of $2.97 billion during the quarter, compared to the consensus estimate of $2.40 billion. Par Pacific had a net margin of 9.94% and a return on equity of 56.19%. The company’s quarterly revenue was up 56.8% on a year-over-year basis. During the same period in the prior year, the business posted $1.54 EPS. On average, equities analysts predict that Par Pacific Holdings, Inc. will post 21.33 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several research analysts recently commented on PARR shares. Weiss Ratings raised Par Pacific from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Thursday, August 6th. TD Cowen dropped their price objective on Par Pacific from $100.00 to $95.00 and set a “buy” rating on the stock in a research note on Friday, August 7th. Raymond James Financial increased their price objective on Par Pacific from $80.00 to $85.00 and gave the company an “outperform” rating in a report on Monday, July 13th. Evercore raised shares of Par Pacific to an “outperform” rating in a research note on Wednesday, May 27th. Finally, The Goldman Sachs Group boosted their target price on shares of Par Pacific from $77.00 to $92.00 and gave the stock a “buy” rating in a report on Thursday, July 23rd. Eleven investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $81.57.

View Our Latest Stock Analysis on Par Pacific

Hedge Funds Weigh In On Par Pacific

Hedge funds and other institutional investors have recently bought and sold shares of the business. Encompass Capital Advisors LLC bought a new stake in Par Pacific in the first quarter valued at approximately $28,839,000. Bank of New York Mellon Corp acquired a new stake in shares of Par Pacific in the second quarter valued at approximately $19,353,000. Wells Fargo & Company MN boosted its stake in shares of Par Pacific by 810.8% during the 4th quarter. Wells Fargo & Company MN now owns 359,834 shares of the company’s stock worth $12,645,000 after acquiring an additional 320,326 shares during the period. Arrowstreet Capital Limited Partnership boosted its stake in shares of Par Pacific by 22.1% during the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 1,756,161 shares of the company’s stock worth $62,203,000 after acquiring an additional 317,484 shares during the period. Finally, Bridgeway Capital Management LLC acquired a new position in shares of Par Pacific during the 4th quarter worth approximately $9,576,000. Institutional investors own 92.15% of the company’s stock.

About Par Pacific

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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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