Mutual Advisors LLC Grows Holdings in Par Pacific Holdings, Inc. (NYSE:PARR)

Mutual Advisors LLC boosted its holdings in shares of Par Pacific Holdings, Inc. (NYSE:PARR) by 30.9% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 65,724 shares of the company’s stock after purchasing an additional 15,511 shares during the quarter. Mutual Advisors LLC’s holdings in Par Pacific were worth $1,171,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Pacer Advisors Inc. purchased a new stake in Par Pacific in the 3rd quarter valued at $61,870,000. Millennium Management LLC lifted its stake in Par Pacific by 48.4% during the second quarter. Millennium Management LLC now owns 1,952,754 shares of the company’s stock worth $49,307,000 after purchasing an additional 636,908 shares in the last quarter. State Street Corp boosted its position in shares of Par Pacific by 10.5% during the third quarter. State Street Corp now owns 3,461,282 shares of the company’s stock worth $60,919,000 after buying an additional 328,325 shares during the period. Harbor Capital Advisors Inc. grew its position in Par Pacific by 160.2% in the 3rd quarter. Harbor Capital Advisors Inc. now owns 513,254 shares of the company’s stock valued at $9,033,000 after acquiring an additional 315,967 shares in the last quarter. Finally, Walleye Capital LLC grew its holdings in shares of Par Pacific by 1,014.3% in the third quarter. Walleye Capital LLC now owns 273,868 shares of the company’s stock valued at $4,820,000 after purchasing an additional 249,290 shares in the last quarter. Hedge funds and other institutional investors own 92.15% of the company’s stock.

Analysts Set New Price Targets

Several research analysts recently commented on the company. The Goldman Sachs Group lowered their target price on Par Pacific from $26.00 to $23.00 and set a “neutral” rating for the company in a research note on Thursday, December 19th. StockNews.com upgraded shares of Par Pacific from a “sell” rating to a “hold” rating in a research note on Thursday, November 14th. Raymond James began coverage on Par Pacific in a report on Friday. They issued an “outperform” rating and a $25.00 price objective for the company. JPMorgan Chase & Co. lowered their price target on Par Pacific from $27.00 to $26.00 and set an “overweight” rating on the stock in a report on Thursday, January 16th. Finally, Mizuho lowered Par Pacific from an “outperform” rating to a “neutral” rating and dropped their target price for the company from $26.00 to $22.00 in a report on Monday, December 16th. Seven research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to MarketBeat.com, Par Pacific has a consensus rating of “Hold” and a consensus price target of $25.71.

Insider Buying and Selling

In other news, Director William Pate sold 67,700 shares of Par Pacific stock in a transaction that occurred on Thursday, December 12th. The shares were sold at an average price of $16.22, for a total transaction of $1,098,094.00. Following the completion of the sale, the director now directly owns 524,610 shares in the company, valued at approximately $8,509,174.20. This trade represents a 11.43 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 4.40% of the stock is owned by insiders.

Par Pacific Stock Down 1.1 %

PARR opened at $17.49 on Friday. The business has a 50 day simple moving average of $16.87 and a 200-day simple moving average of $19.09. Par Pacific Holdings, Inc. has a 12 month low of $14.84 and a 12 month high of $40.69. The stock has a market capitalization of $978.82 million, a P/E ratio of 3.39 and a beta of 2.00. The company has a debt-to-equity ratio of 0.84, a current ratio of 1.69 and a quick ratio of 0.66.

Par Pacific (NYSE:PARR) last released its earnings results on Monday, November 4th. The company reported ($0.10) EPS for the quarter, beating analysts’ consensus estimates of ($0.12) by $0.02. Par Pacific had a return on equity of 10.06% and a net margin of 3.74%. The company had revenue of $2.14 billion during the quarter, compared to the consensus estimate of $1.88 billion. During the same quarter last year, the company earned $3.15 earnings per share. Par Pacific’s quarterly revenue was down 16.9% compared to the same quarter last year. On average, equities analysts anticipate that Par Pacific Holdings, Inc. will post 0.14 earnings per share for the current fiscal year.

Par Pacific Company 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.