Creative Planning Buys 23,478 Shares of Par Pacific Holdings, Inc. (NYSE:PARR)

Creative Planning grew its position in Par Pacific Holdings, Inc. (NYSE:PARR) by 246.2% in the third quarter, according to its most recent filing with the SEC. The fund owned 33,014 shares of the company’s stock after acquiring an additional 23,478 shares during the period. Creative Planning owned 0.06% of Par Pacific worth $581,000 as of its most recent filing with the SEC.

Other hedge funds also recently modified their holdings of the company. Headlands Technologies LLC raised its holdings in Par Pacific by 215.1% during the second quarter. Headlands Technologies LLC now owns 1,166 shares of the company’s stock worth $29,000 after buying an additional 796 shares during the last quarter. Meeder Asset Management Inc. acquired a new stake in shares of Par Pacific in the 2nd quarter worth about $43,000. Quarry LP lifted its position in Par Pacific by 610.5% in the 2nd quarter. Quarry LP now owns 2,359 shares of the company’s stock valued at $60,000 after acquiring an additional 2,027 shares in the last quarter. nVerses Capital LLC boosted its stake in Par Pacific by 41.7% during the 2nd quarter. nVerses Capital LLC now owns 3,400 shares of the company’s stock valued at $86,000 after purchasing an additional 1,000 shares during the last quarter. Finally, Innealta Capital LLC bought a new stake in Par Pacific during the 2nd quarter worth approximately $104,000. Institutional investors and hedge funds own 92.15% of the company’s stock.

Par Pacific Stock Up 1.3 %

Shares of NYSE PARR opened at $15.82 on Tuesday. The business has a 50-day simple moving average of $18.49 and a two-hundred day simple moving average of $23.40. Par Pacific Holdings, Inc. has a 52 week low of $15.31 and a 52 week high of $40.69. The company has a market cap of $891.14 million, a P/E ratio of 2.02 and a beta of 1.99. The company has a quick ratio of 0.59, a current ratio of 1.63 and a debt-to-equity ratio of 0.84.

Par Pacific (NYSE:PARR) last posted its earnings results on Tuesday, August 6th. The company reported $0.49 earnings per share for the quarter, topping analysts’ consensus estimates of $0.13 by $0.36. The business had revenue of $2.02 billion for the quarter, compared to analyst estimates of $1.82 billion. Par Pacific had a net margin of 5.43% and a return on equity of 26.40%. Par Pacific’s revenue was up 13.1% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.73 EPS. Research analysts anticipate that Par Pacific Holdings, Inc. will post 0.76 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

PARR has been the topic of several analyst reports. Tudor Pickering raised Par Pacific to a “hold” rating in a research report on Monday, September 9th. Tudor, Pickering, Holt & Co. lowered shares of Par Pacific from a “buy” rating to a “hold” rating in a research note on Monday, September 9th. The Goldman Sachs Group dropped their price target on shares of Par Pacific from $32.00 to $28.00 and set a “neutral” rating on the stock in a research report on Wednesday, October 9th. JPMorgan Chase & Co. raised shares of Par Pacific from a “neutral” rating to an “overweight” rating and reduced their price objective for the stock from $36.00 to $30.00 in a research report on Wednesday, October 2nd. Finally, TD Cowen dropped their target price on shares of Par Pacific from $36.00 to $32.00 and set a “buy” rating on the stock in a research report on Friday, August 9th. Six investment analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $28.00.

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.