OppenheimerFunds Inc. bought a new position in Par Pacific Holdings, Inc. (NYSEAMERICAN:PARR) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm bought 78,022 shares of the oil and gas company’s stock, valued at approximately $1,504,000. OppenheimerFunds Inc. owned about 0.17% of Par Pacific at the end of the most recent quarter.
Other institutional investors have also recently added to or reduced their stakes in the company. BlackRock Inc. increased its position in Par Pacific by 76.3% during the 4th quarter. BlackRock Inc. now owns 3,789,929 shares of the oil and gas company’s stock valued at $73,069,000 after purchasing an additional 1,640,205 shares during the period. LSV Asset Management lifted its position in Par Pacific by 909.4% in the fourth quarter. LSV Asset Management now owns 1,036,606 shares of the oil and gas company’s stock valued at $19,985,000 after buying an additional 933,906 shares during the last quarter. Bank of New York Mellon Corp lifted its position in Par Pacific by 227.8% in the fourth quarter. Bank of New York Mellon Corp now owns 501,491 shares of the oil and gas company’s stock valued at $9,668,000 after buying an additional 348,486 shares during the last quarter. Acadian Asset Management LLC lifted its position in Par Pacific by 63.0% in the fourth quarter. Acadian Asset Management LLC now owns 585,892 shares of the oil and gas company’s stock valued at $11,298,000 after buying an additional 226,553 shares during the last quarter. Finally, Schwab Charles Investment Management Inc. lifted its position in Par Pacific by 159.6% in the fourth quarter. Schwab Charles Investment Management Inc. now owns 367,938 shares of the oil and gas company’s stock valued at $7,094,000 after buying an additional 226,198 shares during the last quarter. Hedge funds and other institutional investors own 83.57% of the company’s stock.
Separately, Zacks Investment Research raised shares of Par Pacific from a “strong sell” rating to a “hold” rating in a research report on Wednesday, December 20th. One equities research analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. The company has a consensus rating of “Buy” and a consensus price target of $21.33.
Par Pacific (NYSEAMERICAN:PARR) last issued its quarterly earnings results on Monday, March 5th. The oil and gas company reported $0.53 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.18 by $0.35. The business had revenue of $663.06 million for the quarter, compared to analysts’ expectations of $624.40 million. Par Pacific had a net margin of 2.87% and a return on equity of 17.03%. research analysts expect that Par Pacific Holdings, Inc. will post 1.33 EPS for the current fiscal year.
Par Pacific Company Profile
Par Pacific Holdings, Inc owns, manages, and maintains interests in energy and infrastructure businesses. It operates through three segments: Refining, Retail, and Logistics. The Refining segment operates a refinery that produces ultra-low sulfur diesel, gasoline, jet fuel, marine fuel, and other associated refined products.
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