Charles Schwab Investment Management Inc. Increases Position in Par Pacific Holdings, Inc. (NYSE:PARR)

Charles Schwab Investment Management Inc. boosted its stake in shares of Par Pacific Holdings, Inc. (NYSE:PARR) by 1.8% during the third quarter, according to its most recent Form 13F filing with the SEC. The fund owned 741,626 shares of the company’s stock after buying an additional 13,457 shares during the period. Charles Schwab Investment Management Inc. owned 1.32% of Par Pacific worth $13,053,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of PARR. Headlands Technologies LLC grew its stake in shares of Par Pacific by 215.1% in the second quarter. Headlands Technologies LLC now owns 1,166 shares of the company’s stock valued at $29,000 after buying an additional 796 shares in the last quarter. Meeder Asset Management Inc. purchased a new stake in shares of Par Pacific during the second quarter worth approximately $43,000. Quarry LP grew its stake in shares of Par Pacific by 610.5% during the second quarter. Quarry LP now owns 2,359 shares of the company’s stock worth $60,000 after purchasing an additional 2,027 shares in the last quarter. nVerses Capital LLC increased its holdings in Par Pacific by 41.7% in the second quarter. nVerses Capital LLC now owns 3,400 shares of the company’s stock valued at $86,000 after buying an additional 1,000 shares during the last quarter. Finally, Innealta Capital LLC acquired a new stake in Par Pacific in the second quarter valued at $104,000. 92.15% of the stock is owned by hedge funds and other institutional investors.

Par Pacific Trading Down 1.2 %

Shares of PARR stock opened at $16.07 on Monday. The company has a debt-to-equity ratio of 0.84, a current ratio of 1.69 and a quick ratio of 0.66. Par Pacific Holdings, Inc. has a 1-year low of $14.84 and a 1-year high of $40.69. The business’s fifty day moving average price is $17.17 and its 200 day moving average price is $21.21. The firm has a market capitalization of $899.12 million, a PE ratio of 3.11 and a beta of 1.99.

Par Pacific (NYSE:PARR) last announced its quarterly earnings results on Monday, November 4th. The company reported ($0.10) EPS for the quarter, topping the consensus estimate of ($0.12) by $0.02. Par Pacific had a return on equity of 10.06% and a net margin of 3.74%. The business had revenue of $2.14 billion for the quarter, compared to analyst estimates of $1.88 billion. During the same quarter in the previous year, the company earned $3.15 EPS. The company’s quarterly revenue was down 16.9% on a year-over-year basis. As a group, sell-side analysts forecast that Par Pacific Holdings, Inc. will post 0.83 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on the company. Mizuho lowered their price target on Par Pacific from $28.00 to $26.00 and set an “outperform” rating for the company in a report on Wednesday, October 9th. Tudor, Pickering, Holt & Co. lowered shares of Par Pacific from a “buy” rating to a “hold” rating in a research report on Monday, September 9th. JPMorgan Chase & Co. upgraded shares of Par Pacific from a “neutral” rating to an “overweight” rating and reduced their price target for the company from $36.00 to $30.00 in a research report on Wednesday, October 2nd. Piper Sandler lowered Par Pacific from an “overweight” rating to a “neutral” rating and lowered their price target for the stock from $37.00 to $23.00 in a report on Friday, September 20th. Finally, StockNews.com raised Par Pacific from a “sell” rating to a “hold” rating in a report on Thursday, November 14th. Six equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat, Par Pacific presently has a consensus rating of “Hold” and an average price target of $28.00.

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.