92,765 Shares in Par Pacific Holdings, Inc. $PARR Bought by Counterpoint Mutual Funds LLC

Counterpoint Mutual Funds LLC bought a new stake in Par Pacific Holdings, Inc. (NYSE:PARR) during the third quarter, Holdings Channel reports. The institutional investor bought 92,765 shares of the company’s stock, valued at approximately $3,286,000. Par Pacific accounts for approximately 0.3% of Counterpoint Mutual Funds LLC’s holdings, making the stock its 9th biggest position.

Several other hedge funds also recently bought and sold shares of the company. Federated Hermes Inc. acquired a new stake in shares of Par Pacific during the 3rd quarter valued at about $44,000. Nisa Investment Advisors LLC raised its position in Par Pacific by 157.4% during the second quarter. Nisa Investment Advisors LLC now owns 1,596 shares of the company’s stock valued at $42,000 after acquiring an additional 976 shares in the last quarter. USA Financial Formulas acquired a new stake in Par Pacific in the third quarter valued at approximately $82,000. Smartleaf Asset Management LLC grew its position in Par Pacific by 81.1% in the second quarter. Smartleaf Asset Management LLC now owns 2,340 shares of the company’s stock worth $62,000 after acquiring an additional 1,048 shares in the last quarter. Finally, Mutual of America Capital Management LLC acquired a new position in shares of Par Pacific during the 3rd quarter worth $201,000. 92.15% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on the stock. Zacks Research lowered shares of Par Pacific from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, December 16th. Piper Sandler set a $57.00 target price on Par Pacific in a report on Monday, January 12th. UBS Group boosted their price target on Par Pacific from $37.00 to $40.00 and gave the stock a “neutral” rating in a research report on Wednesday, November 5th. Wall Street Zen upgraded Par Pacific from a “buy” rating to a “strong-buy” rating in a research note on Sunday, February 15th. Finally, Weiss Ratings reissued a “hold (c+)” rating on shares of Par Pacific in a research note on Monday, December 29th. Four investment analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $44.00.

Par Pacific Price Performance

Shares of NYSE:PARR opened at $40.75 on Tuesday. The company has a quick ratio of 0.48, a current ratio of 1.51 and a debt-to-equity ratio of 0.70. The business has a 50 day moving average price of $38.20 and a 200 day moving average price of $37.74. The company has a market cap of $2.05 billion, a price-to-earnings ratio of 8.58 and a beta of 1.23. Par Pacific Holdings, Inc. has a twelve month low of $11.86 and a twelve month high of $48.40.

Par Pacific Company 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.