Principal Financial Group Inc. Buys 5,710 Shares of Par Pacific Holdings, Inc. (NYSE:PARR)

Principal Financial Group Inc. raised its stake in Par Pacific Holdings, Inc. (NYSE:PARR) by 2.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 271,242 shares of the company’s stock after acquiring an additional 5,710 shares during the quarter. Principal Financial Group Inc. owned approximately 0.48% of Par Pacific worth $4,446,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. Nisa Investment Advisors LLC lifted its stake in Par Pacific by 37.7% in the fourth quarter. Nisa Investment Advisors LLC now owns 2,557 shares of the company’s stock valued at $42,000 after purchasing an additional 700 shares during the last quarter. State of Alaska Department of Revenue raised its stake in shares of Par Pacific by 2.6% in the third quarter. State of Alaska Department of Revenue now owns 32,145 shares of the company’s stock valued at $565,000 after buying an additional 810 shares during the period. Martingale Asset Management L P grew its stake in shares of Par Pacific by 1.9% during the 3rd quarter. Martingale Asset Management L P now owns 48,221 shares of the company’s stock worth $849,000 after acquiring an additional 921 shares during the period. Inspire Investing LLC increased its holdings in Par Pacific by 4.6% in the 4th quarter. Inspire Investing LLC now owns 24,201 shares of the company’s stock worth $397,000 after acquiring an additional 1,066 shares during the last quarter. Finally, GAMMA Investing LLC raised its stake in Par Pacific by 232.5% in the 4th quarter. GAMMA Investing LLC now owns 1,669 shares of the company’s stock valued at $27,000 after acquiring an additional 1,167 shares during the period. 92.15% of the stock is owned by institutional investors.

Par Pacific Trading Down 7.9 %

Par Pacific stock opened at $13.24 on Tuesday. 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 $12.90 and a fifty-two week high of $40.20. The stock has a market cap of $740.80 million, a P/E ratio of 2.57 and a beta of 1.99. The firm’s fifty day moving average price is $16.61 and its 200-day moving average price is $17.57.

Par Pacific (NYSE:PARR) last announced its earnings results on Tuesday, February 25th. The company reported ($0.79) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.15) by ($0.64). The business had revenue of $1.83 billion during the quarter, compared to the consensus estimate of $1.68 billion. Par Pacific had a return on equity of 10.06% and a net margin of 3.74%. Equities research analysts forecast that Par Pacific Holdings, Inc. will post 0.15 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, Director William Pate sold 67,700 shares of Par Pacific stock in a transaction on Thursday, December 12th. The shares were sold at an average price of $16.22, for a total transaction of $1,098,094.00. Following the completion of the sale, the director now directly owns 524,610 shares of the company’s stock, valued at approximately $8,509,174.20. The trade was a 11.43 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 4.40% of the stock is owned by company insiders.

Analysts Set New Price Targets

A number of equities analysts have weighed in on the stock. StockNews.com lowered shares of Par Pacific from a “hold” rating to a “sell” rating in a research report on Friday. JPMorgan Chase & Co. cut their price objective on shares of Par Pacific from $27.00 to $26.00 and set an “overweight” rating for the company in a report on Thursday, January 16th. The Goldman Sachs Group lowered their target price on shares of Par Pacific from $20.00 to $18.00 and set a “neutral” rating on the stock in a report on Thursday, February 27th. TD Cowen cut their price target on Par Pacific from $21.00 to $17.00 and set a “buy” rating for the company in a report on Thursday, February 27th. Finally, Raymond James began coverage on Par Pacific in a research note on Friday, January 24th. They set an “outperform” rating and a $25.00 price objective on the stock. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Par Pacific currently has a consensus rating of “Hold” and a consensus price target of $22.86.

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.