Geode Capital Management LLC Purchases 7,804 Shares of Par Pacific Holdings, Inc. (NYSE:PARR)

Geode Capital Management LLC increased its position in shares of Par Pacific Holdings, Inc. (NYSE:PARR) by 0.6% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 1,283,303 shares of the company’s stock after acquiring an additional 7,804 shares during the period. Geode Capital Management LLC owned approximately 2.29% of Par Pacific worth $22,591,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently made changes to their positions in PARR. Pacer Advisors Inc. bought a new position in shares of Par Pacific in the 3rd quarter worth $61,870,000. Millennium Management LLC increased its holdings in shares of Par Pacific by 48.4% in the 2nd quarter. Millennium Management LLC now owns 1,952,754 shares of the company’s stock worth $49,307,000 after buying an additional 636,908 shares during the last quarter. State Street Corp increased its holdings in shares of Par Pacific by 10.5% in the 3rd quarter. State Street Corp now owns 3,461,282 shares of the company’s stock worth $60,919,000 after buying an additional 328,325 shares during the last quarter. Harbor Capital Advisors Inc. increased its holdings in shares of Par Pacific by 160.2% in the 3rd quarter. Harbor Capital Advisors Inc. now owns 513,254 shares of the company’s stock worth $9,033,000 after buying an additional 315,967 shares during the last quarter. Finally, Walleye Capital LLC increased its holdings in shares of Par Pacific by 1,014.3% in the 3rd quarter. Walleye Capital LLC now owns 273,868 shares of the company’s stock worth $4,820,000 after buying an additional 249,290 shares during the last quarter. Institutional investors own 92.15% of the company’s stock.

Par Pacific Stock Down 0.9 %

NYSE:PARR opened at $16.19 on Friday. The firm has a market cap of $905.86 million, a P/E ratio of 3.14 and a beta of 1.99. The company has a debt-to-equity ratio of 0.84, a quick ratio of 0.66 and a current ratio of 1.69. Par Pacific Holdings, Inc. has a fifty-two week low of $14.84 and a fifty-two week high of $40.69. The firm has a 50-day simple moving average of $16.57 and a two-hundred day simple moving average of $20.17.

Par Pacific (NYSE:PARR) last released its quarterly earnings data on Monday, November 4th. The company reported ($0.10) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.12) by $0.02. The business had revenue of $2.14 billion during the quarter, compared to analyst estimates of $1.88 billion. Par Pacific had a net margin of 3.74% and a return on equity of 10.06%. Par Pacific’s revenue was down 16.9% compared to the same quarter last year. During the same period last year, the business earned $3.15 EPS. Analysts predict that Par Pacific Holdings, Inc. will post 1.12 earnings per share for the current fiscal year.

Insider Activity at Par Pacific

In other Par Pacific news, Director William Pate sold 67,700 shares of the company’s stock in a transaction that occurred on Thursday, December 12th. The shares were sold at an average price of $16.22, for a total value of $1,098,094.00. Following the completion of the transaction, the director now directly owns 524,610 shares in the company, valued at $8,509,174.20. This represents a 11.43 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 4.40% of the stock is currently owned by company insiders.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on PARR shares. JPMorgan Chase & Co. raised shares of Par Pacific from a “neutral” rating to an “overweight” rating and cut their price objective for the company from $36.00 to $30.00 in a research note on Wednesday, October 2nd. Tudor, Pickering, Holt & Co. cut shares of Par Pacific from a “buy” rating to a “hold” rating in a research note on Monday, September 9th. Piper Sandler cut shares of Par Pacific from an “overweight” rating to a “neutral” rating and dropped their price target for the company from $37.00 to $23.00 in a research report on Friday, September 20th. Mizuho cut shares of Par Pacific from an “outperform” rating to a “neutral” rating and dropped their target price for the stock from $26.00 to $22.00 in a research report on Monday, December 16th. Finally, Tudor Pickering raised shares of Par Pacific to a “hold” rating in a research report on Monday, September 9th. Seven research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $26.50.

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.