Range Financial Group LLC Grows Stock Position in Par Pacific Holdings, Inc. (NYSE:PARR)

Range Financial Group LLC increased its position in shares of Par Pacific Holdings, Inc. (NYSE:PARR) by 9.8% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 6,817 shares of the company’s stock after buying an additional 608 shares during the period. Range Financial Group LLC’s holdings in Par Pacific were worth $253,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in PARR. McGlone Suttner Wealth Management Inc. acquired a new stake in shares of Par Pacific in the fourth quarter worth approximately $30,000. Quadrant Capital Group LLC boosted its stake in Par Pacific by 91.4% during 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. Navellier & Associates Inc. acquired a new position in Par Pacific during the fourth quarter worth $221,000. PNC Financial Services Group Inc. boosted its stake in Par Pacific by 17.4% during 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. Finally, AlphaMark Advisors LLC acquired a new position in Par Pacific during the fourth quarter worth $271,000. Institutional investors and hedge funds own 92.15% of the company’s stock.

Wall Street Analysts Forecast Growth

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

Par Pacific Trading Up 2.5 %

PARR opened at $24.41 on Tuesday. The company has a current ratio of 1.28, a quick ratio of 0.50 and a debt-to-equity ratio of 0.49. The firm’s fifty day simple moving average is $28.17 and its 200 day simple moving average is $33.55. The stock has a market capitalization of $1.41 billion, a P/E ratio of 3.06 and a beta of 2.00. Par Pacific Holdings, Inc. has a 12 month low of $23.78 and a 12 month 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 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 the consensus estimate of $2.12 billion. Par Pacific had a net margin of 5.71% and a return on equity of 35.02%. As a group, research analysts anticipate that Par Pacific Holdings, Inc. will post 3.69 EPS for the current fiscal year.

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.