Par Pacific Holdings, Inc. $PARR Shares Sold by SG Americas Securities LLC

SG Americas Securities LLC trimmed its holdings in shares of Par Pacific Holdings, Inc. (NYSE:PARR) by 86.6% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 75,339 shares of the company’s stock after selling 488,591 shares during the quarter. SG Americas Securities LLC owned 0.15% of Par Pacific worth $4,719,000 as of its most recent filing with the SEC.

Other institutional investors have also modified their holdings of the company. Vanguard Group Inc. increased its holdings in Par Pacific by 30.9% during the 3rd quarter. Vanguard Group Inc. now owns 5,044,612 shares of the company’s stock worth $178,680,000 after purchasing an additional 1,190,088 shares during the last quarter. American Century Companies Inc. raised its position in shares of Par Pacific by 42.8% in the 3rd quarter. American Century Companies Inc. now owns 1,522,392 shares of the company’s stock valued at $53,923,000 after purchasing an additional 456,473 shares in the last quarter. 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 valued at $12,645,000 after buying an additional 320,326 shares during the last quarter. 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 valued at $62,203,000 after buying an additional 317,484 shares during the last quarter. Finally, Bridgeway Capital Management LLC acquired a new stake in shares of Par Pacific during the fourth quarter worth approximately $9,576,000. Institutional investors and hedge funds own 92.15% of the company’s stock.

Par Pacific Price Performance

Shares of NYSE PARR opened at $56.88 on Tuesday. Par Pacific Holdings, Inc. has a twelve month low of $26.41 and a twelve month high of $70.39. The company has a current ratio of 1.62, a quick ratio of 0.60 and a debt-to-equity ratio of 0.63. The company has a market capitalization of $2.85 billion, a price-to-earnings ratio of 6.35 and a beta of 0.84. The business has a 50 day simple moving average of $58.36 and a 200-day simple moving average of $50.18.

Par Pacific (NYSE:PARR) last posted its quarterly earnings results on Tuesday, May 5th. The company reported $0.78 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.00 by ($0.22). The firm had revenue of $1.82 billion for the quarter, compared to analyst estimates of $1.78 billion. Par Pacific had a net margin of 6.02% and a return on equity of 34.38%. The business’s revenue was up 4.5% on a year-over-year basis. During the same period in the prior year, the company posted ($0.94) earnings per share. As a group, equities research analysts expect that Par Pacific Holdings, Inc. will post 15.6 earnings per share for the current year.

Wall Street Analyst Weigh In

PARR has been the subject of a number of research analyst reports. The Goldman Sachs Group upgraded shares of Par Pacific from a “neutral” rating to a “buy” rating and lifted their price target for the stock from $53.00 to $77.00 in a research note on Friday, April 10th. Mizuho raised shares of Par Pacific from a “neutral” rating to an “outperform” rating and raised their price objective for the stock from $58.00 to $79.00 in a report on Wednesday, May 27th. JPMorgan Chase & Co. raised their price objective on shares of Par Pacific from $48.00 to $77.00 and gave the stock an “overweight” rating in a report on Wednesday, April 8th. Wall Street Zen raised shares of Par Pacific from a “buy” rating to a “strong-buy” rating in a research report on Sunday, May 17th. Finally, UBS Group upped their target price on shares of Par Pacific from $40.00 to $60.00 and gave the company a “neutral” rating in a research note on Thursday, April 9th. Nine research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat, Par Pacific presently has a consensus rating of “Moderate Buy” and an average target price of $70.00.

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.