Par Pacific Holdings, Inc. $PARR Shares Purchased by Globeflex Capital L P

Globeflex Capital L P increased its holdings in shares of Par Pacific Holdings, Inc. (NYSE:PARR) by 27.0% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 63,507 shares of the company’s stock after acquiring an additional 13,497 shares during the quarter. Globeflex Capital L P owned about 0.13% of Par Pacific worth $2,232,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of the company. Wealth Enhancement Advisory Services LLC raised its stake in Par Pacific by 1.6% during the third quarter. Wealth Enhancement Advisory Services LLC now owns 16,948 shares of the company’s stock worth $596,000 after purchasing an additional 266 shares during the period. Smartleaf Asset Management LLC raised its stake in Par Pacific by 12.5% during the third quarter. Smartleaf Asset Management LLC now owns 2,633 shares of the company’s stock worth $94,000 after purchasing an additional 293 shares during the period. Natixis Advisors LLC raised its stake in Par Pacific by 2.8% during the fourth quarter. Natixis Advisors LLC now owns 11,102 shares of the company’s stock worth $390,000 after purchasing an additional 299 shares during the period. GAMMA Investing LLC raised its stake in Par Pacific by 2.5% during the fourth quarter. GAMMA Investing LLC now owns 15,787 shares of the company’s stock worth $555,000 after purchasing an additional 382 shares during the period. Finally, Amundi raised its stake in Par Pacific by 3.6% during the third quarter. Amundi now owns 11,013 shares of the company’s stock worth $388,000 after purchasing an additional 386 shares during the period. 92.15% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Par Pacific

In other Par Pacific news, CEO William Monteleone sold 108,948 shares of Par Pacific stock in a transaction dated Monday, March 16th. The shares were sold at an average price of $54.06, for a total transaction of $5,889,728.88. Following the completion of the sale, the chief executive officer directly owned 457,167 shares in the company, valued at $24,714,448.02. This trade represents a 19.24% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 3.60% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

PARR has been the topic of a number of analyst reports. JPMorgan Chase & Co. lifted their target price on shares of Par Pacific from $48.00 to $77.00 and gave the stock an “overweight” rating in a research note on Wednesday, April 8th. Mizuho raised shares of Par Pacific from a “neutral” rating to an “outperform” rating and lifted their target price for the stock from $58.00 to $79.00 in a research note on Wednesday, May 27th. Piper Sandler lifted their target price on shares of Par Pacific from $63.00 to $72.00 and gave the stock an “overweight” rating in a research note on Wednesday, April 8th. TD Cowen lifted their target price on shares of Par Pacific from $39.00 to $48.00 and gave the stock a “buy” rating in a research note on Friday, February 27th. Finally, Guggenheim raised shares of Par Pacific to an “outperform” rating in a research note on Wednesday, May 27th. One analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $70.00.

Par Pacific Price Performance

Shares of PARR opened at $55.60 on Friday. Par Pacific Holdings, Inc. has a 1-year low of $20.89 and a 1-year high of $70.39. The stock has a market cap of $2.79 billion, a PE ratio of 6.21 and a beta of 0.83. The firm has a 50-day simple moving average of $61.60 and a two-hundred day simple moving average of $49.09. The company has a debt-to-equity ratio of 0.63, a current ratio of 1.62 and a quick ratio of 0.60.

Par Pacific (NYSE:PARR) last announced its quarterly earnings results on Tuesday, May 5th. The company reported $0.78 earnings per share for the quarter, missing analysts’ consensus estimates of $1.00 by ($0.22). Par Pacific had a net margin of 6.02% and a return on equity of 34.38%. The company had revenue of $1.82 billion for the quarter, compared to analyst estimates of $1.78 billion. During the same quarter in the prior year, the business earned ($0.94) earnings per share. Par Pacific’s revenue was up 4.5% on a year-over-year basis. As a group, analysts forecast that Par Pacific Holdings, Inc. will post 15.41 EPS for the current year.

Par Pacific 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.