Par Pacific Holdings, Inc. (NYSE:PARR) Shares Acquired by Charles Schwab Investment Management Inc.

Charles Schwab Investment Management Inc. grew its position in Par Pacific Holdings, Inc. (NYSE:PARR) by 22.6% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 909,220 shares of the company’s stock after acquiring an additional 167,594 shares during the quarter. Charles Schwab Investment Management Inc. owned about 1.63% of Par Pacific worth $14,902,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of PARR. Quest Partners LLC boosted its holdings in shares of Par Pacific by 908.1% in the third quarter. Quest Partners LLC now owns 59,780 shares of the company’s stock valued at $1,052,000 after acquiring an additional 53,850 shares during the period. Intech Investment Management LLC acquired a new stake in shares of Par Pacific in the third quarter valued at approximately $315,000. Pacer Advisors Inc. acquired a new stake in shares of Par Pacific in the third quarter valued at approximately $61,870,000. Algert Global LLC boosted its holdings in shares of Par Pacific by 63.8% in the third quarter. Algert Global LLC now owns 303,970 shares of the company’s stock valued at $5,350,000 after acquiring an additional 118,393 shares during the period. Finally, Dynamic Technology Lab Private Ltd acquired a new stake in shares of Par Pacific during the third quarter worth $385,000. 92.15% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities research analysts recently weighed in on PARR shares. Mizuho downgraded Par Pacific from an “outperform” rating to a “neutral” rating and decreased their price target for the stock from $26.00 to $22.00 in a report on Monday, December 16th. Piper Sandler decreased their price target on Par Pacific from $25.00 to $21.00 and set an “overweight” rating for the company in a report on Friday, March 7th. StockNews.com downgraded Par Pacific from a “hold” rating to a “sell” rating in a report on Friday, February 28th. JPMorgan Chase & Co. decreased their price target on Par Pacific from $27.00 to $26.00 and set an “overweight” rating for the company in a report on Thursday, January 16th. Finally, The Goldman Sachs Group decreased their price target on Par Pacific from $20.00 to $18.00 and set a “neutral” rating for the company in a report on Thursday, February 27th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $22.57.

Par Pacific Trading Up 1.4 %

NYSE:PARR opened at $14.76 on Friday. The stock has a fifty day moving average price of $15.82 and a two-hundred day moving average price of $16.84. The stock has a market capitalization of $807.81 million, a price-to-earnings ratio of 2.86 and a beta of 2.01. 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 1 year low of $11.86 and a 1 year high of $40.20.

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

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.