58,175 Shares in Par Pacific Holdings, Inc. (NYSE:PARR) Purchased by Quantbot Technologies LP

Quantbot Technologies LP purchased a new position in shares of Par Pacific Holdings, Inc. (NYSE:PARR) during the first quarter, HoldingsChannel.com reports. The institutional investor purchased 58,175 shares of the company’s stock, valued at approximately $2,156,000.

A number of other institutional investors also recently added to or reduced their stakes in the business. McGlone Suttner Wealth Management Inc. purchased a new stake in shares of Par Pacific during the 4th quarter worth approximately $30,000. Quadrant Capital Group LLC boosted its stake in shares of Par Pacific by 91.4% during the 4th quarter. Quadrant Capital Group LLC now owns 959 shares of the company’s stock worth $35,000 after acquiring an additional 458 shares in the last quarter. Navellier & Associates Inc. purchased a new stake in shares of Par Pacific during the 4th quarter worth approximately $221,000. PNC Financial Services Group Inc. boosted its stake in shares of Par Pacific by 17.4% during the 4th quarter. PNC Financial Services Group Inc. now owns 6,920 shares of the company’s stock worth $252,000 after acquiring an additional 1,024 shares in the last quarter. Finally, Range Financial Group LLC boosted its stake in shares of Par Pacific by 9.8% during the 1st quarter. Range Financial Group LLC now owns 6,817 shares of the company’s stock worth $253,000 after acquiring an additional 608 shares in the last quarter. Hedge funds and other institutional investors own 92.15% of the company’s stock.

Par Pacific Trading Up 0.2 %

PARR traded up $0.05 during trading on Friday, hitting $24.04. The company’s stock had a trading volume of 811,936 shares, compared to its average volume of 825,860. The stock has a market cap of $1.39 billion, a PE ratio of 3.00 and a beta of 2.01. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.28 and a quick ratio of 0.50. The firm’s 50 day moving average price is $26.31 and its 200-day moving average price is $32.67. Par Pacific Holdings, Inc. has a twelve month low of $22.77 and a twelve month high of $40.69.

Par Pacific (NYSE:PARR) last released its quarterly earnings data on Monday, May 6th. The company reported $0.69 EPS for the quarter, missing analysts’ consensus estimates of $0.75 by ($0.06). The firm had revenue of $1.98 billion for the quarter, compared to analyst estimates of $2.12 billion. Par Pacific had a return on equity of 35.02% and a net margin of 5.71%. On average, analysts expect that Par Pacific Holdings, Inc. will post 2.09 earnings per share for the current year.

Analysts Set New Price Targets

Several equities research analysts have recently commented on PARR shares. Piper Sandler decreased their price target on Par Pacific from $43.00 to $37.00 and set an “overweight” rating on the stock in a research note on Friday, June 14th. TD Cowen cut their price objective on Par Pacific from $42.00 to $36.00 and set a “buy” rating for the company in a research report on Tuesday, June 25th. Finally, JPMorgan Chase & Co. cut their price objective on Par Pacific from $38.00 to $36.00 and set a “neutral” rating for the company in a research report on Tuesday, July 2nd. Four investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $36.20.

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.