Quadrature Capital Ltd Sells 19,247 Shares of Par Pacific Holdings, Inc. (NYSE:PARR)

Quadrature Capital Ltd reduced its position in Par Pacific Holdings, Inc. (NYSE:PARR) by 61.9% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 11,831 shares of the company’s stock after selling 19,247 shares during the quarter. Quadrature Capital Ltd’s holdings in Par Pacific were worth $430,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also modified their holdings of PARR. Janney Montgomery Scott LLC boosted its position in shares of Par Pacific by 4.9% in the third quarter. Janney Montgomery Scott LLC now owns 8,297 shares of the company’s stock worth $298,000 after purchasing an additional 388 shares during the period. HighTower Advisors LLC boosted its position in shares of Par Pacific by 153.4% in the third quarter. HighTower Advisors LLC now owns 20,433 shares of the company’s stock worth $727,000 after purchasing an additional 12,369 shares during the period. Rhumbline Advisers boosted its position in shares of Par Pacific by 1.5% in the third quarter. Rhumbline Advisers now owns 185,175 shares of the company’s stock worth $6,655,000 after purchasing an additional 2,817 shares during the period. Hsbc Holdings PLC boosted its position in shares of Par Pacific by 12.1% in the third quarter. Hsbc Holdings PLC now owns 258,976 shares of the company’s stock worth $9,355,000 after purchasing an additional 28,023 shares during the period. Finally, Dark Forest Capital Management LP purchased a new position in shares of Par Pacific in the third quarter worth $881,000. 92.15% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

PARR has been the topic of several research analyst reports. StockNews.com downgraded shares of Par Pacific from a “buy” rating to a “hold” rating in a report on Monday, March 4th. Piper Sandler lowered their target price on shares of Par Pacific from $43.00 to $37.00 and set an “overweight” rating on the stock in a report on Friday, June 14th. Finally, TD Cowen lowered their target price on shares of Par Pacific from $45.00 to $42.00 and set a “buy” rating on the stock in a report on Wednesday, May 8th. Three investment analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $37.75.

Par Pacific Price Performance

Par Pacific stock opened at $23.82 on Monday. The company has a market cap of $1.38 billion, a price-to-earnings ratio of 2.98 and a beta of 1.99. The firm’s fifty day moving average is $28.35 and its 200 day moving average is $33.60. The company has a quick ratio of 0.50, a current ratio of 1.28 and a debt-to-equity ratio of 0.49. Par Pacific Holdings, Inc. has a 52-week low of $23.78 and a 52-week high of $40.69.

Par Pacific (NYSE:PARR) last released its quarterly 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). The business had revenue of $1.98 billion for the quarter, compared to analysts’ expectations of $2.12 billion. Par Pacific had a net margin of 5.71% and a return on equity of 35.02%. Sell-side analysts forecast that Par Pacific Holdings, Inc. will post 3.69 EPS for the current fiscal year.

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.