Par Pacific Holdings, Inc. (NYSE:PARR) Shares Sold by Jacobs Levy Equity Management Inc.

Jacobs Levy Equity Management Inc. lessened its stake in shares of Par Pacific Holdings, Inc. (NYSE:PARR) by 4.2% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 1,155,108 shares of the company’s stock after selling 51,188 shares during the quarter. Jacobs Levy Equity Management Inc.’s holdings in Par Pacific were worth $42,808,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in PARR. McGlone Suttner Wealth Management Inc. acquired a new position in Par Pacific in the fourth quarter worth approximately $30,000. Quadrant Capital Group LLC grew its position in Par Pacific by 91.4% in the fourth quarter. Quadrant Capital Group LLC now owns 959 shares of the company’s stock worth $35,000 after buying an additional 458 shares during the last quarter. EntryPoint Capital LLC acquired a new position in Par Pacific in the first quarter worth approximately $157,000. Navellier & Associates Inc. acquired a new position in Par Pacific in the fourth quarter worth approximately $221,000. Finally, PNC Financial Services Group Inc. grew its position in Par Pacific by 17.4% in the fourth quarter. PNC Financial Services Group Inc. now owns 6,920 shares of the company’s stock worth $252,000 after buying an additional 1,024 shares during the last quarter. Institutional investors and hedge funds own 92.15% of the company’s stock.

Par Pacific Trading Up 4.8 %

NYSE PARR traded up $1.21 on Tuesday, hitting $26.17. 885,726 shares of the stock were exchanged, compared to its average volume of 815,984. The company’s 50-day moving average price is $25.12 and its two-hundred day moving average price is $31.67. The company has a market capitalization of $1.52 billion, a price-to-earnings ratio of 3.12 and a beta of 2.01. Par Pacific Holdings, Inc. has a 52-week low of $22.77 and a 52-week high of $40.69. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.28 and a quick ratio of 0.50.

Par Pacific (NYSE:PARR) last issued its earnings results on Monday, May 6th. The company reported $0.69 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.75 by ($0.06). Par Pacific had a net margin of 5.71% and a return on equity of 35.02%. The company had revenue of $1.98 billion for the quarter, compared to analyst estimates of $2.12 billion. Research analysts predict that Par Pacific Holdings, Inc. will post 1.5 EPS for the current year.

Analyst Upgrades and Downgrades

Several research firms have issued reports on PARR. Piper Sandler decreased their price target on shares of Par Pacific from $43.00 to $37.00 and set an “overweight” rating on the stock in a research report on Friday, June 14th. Mizuho began coverage on shares of Par Pacific in a research report on Wednesday, July 17th. They issued an “outperform” rating and a $33.00 price target on the stock. TD Cowen decreased their price target on shares of Par Pacific from $42.00 to $36.00 and set a “buy” rating on the stock in a research report on Tuesday, June 25th. Finally, JPMorgan Chase & Co. lowered their price objective on shares of Par Pacific from $38.00 to $36.00 and set a “neutral” rating on the stock in a research report on Tuesday, July 2nd. Four equities research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $35.67.

Par Pacific 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.