Goldman Sachs Group Inc. Acquires 268,219 Shares of Par Pacific Holdings, Inc. (NYSE:PARR)

Goldman Sachs Group Inc. grew its position in Par Pacific Holdings, Inc. (NYSE:PARR) by 28.0% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,227,239 shares of the company’s stock after purchasing an additional 268,219 shares during the period. Goldman Sachs Group Inc. owned about 2.03% of Par Pacific worth $44,635,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. McGlone Suttner Wealth Management Inc. purchased a new stake in shares of Par Pacific in the fourth quarter valued at about $30,000. Quadrant Capital Group LLC raised its holdings in shares of Par Pacific by 91.4% in the fourth quarter. Quadrant Capital Group LLC now owns 959 shares of the company’s stock valued at $35,000 after purchasing an additional 458 shares during the last quarter. Navellier & Associates Inc. purchased a new stake in shares of Par Pacific in the fourth quarter valued at about $221,000. PNC Financial Services Group Inc. raised its holdings in shares of Par Pacific by 17.4% in the fourth quarter. PNC Financial Services Group Inc. now owns 6,920 shares of the company’s stock valued at $252,000 after purchasing an additional 1,024 shares during the last quarter. Finally, AlphaMark Advisors LLC purchased a new stake in shares of Par Pacific in the fourth quarter valued at about $271,000. Hedge funds and other institutional investors own 92.15% of the company’s stock.

Par Pacific Price Performance

Shares of NYSE:PARR opened at $24.58 on Friday. The company has a quick ratio of 0.50, a current ratio of 1.28 and a debt-to-equity ratio of 0.49. The firm has a market capitalization of $1.42 billion, a PE ratio of 3.08 and a beta of 1.99. Par Pacific Holdings, Inc. has a twelve month low of $23.61 and a twelve month high of $40.69. The company has a 50-day moving average price of $28.77 and a two-hundred day moving average price of $33.74.

Par Pacific (NYSE:PARR) last issued its earnings results on Monday, May 6th. The company reported $0.69 earnings per share for the quarter, missing analysts’ consensus estimates of $0.75 by ($0.06). The business had revenue of $1.98 billion for the quarter, compared to the consensus estimate of $2.12 billion. Par Pacific had a return on equity of 35.02% and a net margin of 5.71%. Equities analysts forecast that Par Pacific Holdings, Inc. will post 3.69 EPS for the current year.

Analyst Ratings Changes

A number of research firms recently issued reports on PARR. Piper Sandler decreased their price objective on shares of Par Pacific from $43.00 to $37.00 and set an “overweight” rating for the company in a report on Friday, June 14th. StockNews.com downgraded shares of Par Pacific from a “buy” rating to a “hold” rating in a report on Monday, March 4th. Finally, TD Cowen decreased their price objective on shares of Par Pacific from $45.00 to $42.00 and set a “buy” rating for the company in a report on Wednesday, May 8th. Three research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $37.75.

About Par Pacific

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.