Proficio Capital Partners LLC Buys New Position in Par Pacific Holdings, Inc. (NYSE:PARR)

Proficio Capital Partners LLC bought a new stake in shares of Par Pacific Holdings, Inc. (NYSE:PARR) in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 14,374 shares of the company’s stock, valued at approximately $236,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in PARR. GAMMA Investing LLC raised its holdings in shares of Par Pacific by 232.5% during the fourth 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 in the last quarter. Nisa Investment Advisors LLC raised its holdings in shares of Par Pacific by 37.7% during the fourth quarter. Nisa Investment Advisors LLC now owns 2,557 shares of the company’s stock valued at $42,000 after acquiring an additional 700 shares in the last quarter. Allworth Financial LP raised its holdings in shares of Par Pacific by 4,804.2% during the fourth quarter. Allworth Financial LP now owns 8,141 shares of the company’s stock valued at $139,000 after acquiring an additional 7,975 shares in the last quarter. FMR LLC raised its holdings in shares of Par Pacific by 126.7% during the third quarter. FMR LLC now owns 8,634 shares of the company’s stock valued at $152,000 after acquiring an additional 4,826 shares in the last quarter. Finally, MQS Management LLC bought a new position in shares of Par Pacific during the third quarter valued at approximately $185,000. Institutional investors own 92.15% of the company’s stock.

Insider Activity at Par Pacific

In related news, Director William Pate sold 67,700 shares of the stock in a transaction on Thursday, December 12th. The stock was sold at an average price of $16.22, for a total transaction of $1,098,094.00. Following the sale, the director now directly owns 524,610 shares of the company’s stock, valued at $8,509,174.20. This trade represents a 11.43 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 4.40% of the stock is currently owned by insiders.

Par Pacific Trading Down 2.5 %

NYSE PARR opened at $12.76 on Wednesday. Par Pacific Holdings, Inc. has a 12 month low of $11.86 and a 12 month high of $40.20. The stock has a market cap of $698.31 million, a P/E ratio of 2.47 and a beta of 2.01. The stock’s fifty day moving average price is $16.20 and its 200-day moving average price is $17.16. The company has a current ratio of 1.69, a quick ratio of 0.66 and a debt-to-equity ratio of 0.84.

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

Wall Street Analyst Weigh In

Several brokerages recently weighed in on PARR. JPMorgan Chase & Co. reduced their price target on Par Pacific from $27.00 to $26.00 and set an “overweight” rating on the stock in a research note on Thursday, January 16th. Mizuho cut Par Pacific from an “outperform” rating to a “neutral” rating and reduced their price target for the stock from $26.00 to $22.00 in a research note on Monday, December 16th. TD Cowen reduced their price target on Par Pacific from $21.00 to $17.00 and set a “buy” rating on the stock in a research note on Thursday, February 27th. StockNews.com cut Par Pacific from a “hold” rating to a “sell” rating in a research note on Friday, February 28th. Finally, The Goldman Sachs Group reduced their price target on Par Pacific from $20.00 to $18.00 and set a “neutral” rating on the stock in a research note on Thursday, February 27th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and four have given a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $22.57.

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.