Proficio Capital Partners LLC Invests $236,000 in Par Pacific Holdings, Inc. (NYSE:PARR)

Proficio Capital Partners LLC purchased a new stake in shares of Par Pacific Holdings, Inc. (NYSE:PARR) in the fourth quarter, according to its most recent disclosure with the SEC. The firm purchased 14,374 shares of the company’s stock, valued at approximately $236,000.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Charles Schwab Investment Management Inc. raised its stake in Par Pacific by 22.6% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 909,220 shares of the company’s stock valued at $14,902,000 after purchasing an additional 167,594 shares during the period. Walleye Capital LLC increased its stake in shares of Par Pacific by 1,014.3% in the third quarter. Walleye Capital LLC now owns 273,868 shares of the company’s stock worth $4,820,000 after purchasing an additional 249,290 shares during the period. State Street Corp lifted its position in shares of Par Pacific by 10.5% during the 3rd quarter. State Street Corp now owns 3,461,282 shares of the company’s stock worth $60,919,000 after purchasing an additional 328,325 shares during the last quarter. Sanctuary Advisors LLC increased its position in Par Pacific by 126.2% during the fourth quarter. Sanctuary Advisors LLC now owns 49,256 shares of the company’s stock worth $843,000 after acquiring an additional 27,480 shares during the period. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in shares of Par Pacific by 7.4% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 127,732 shares of the company’s stock valued at $2,248,000 after buying an additional 8,844 shares during the period. 92.15% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

PARR has been the topic of several recent analyst reports. StockNews.com cut Par Pacific from a “hold” rating to a “sell” rating in a research report on Friday, February 28th. TD Cowen decreased their price objective on shares of Par Pacific from $21.00 to $17.00 and set a “buy” rating on the stock in a report on Thursday, February 27th. Mizuho downgraded 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 note on Monday, December 16th. The Goldman Sachs Group cut 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. Finally, Piper Sandler lowered their price target on shares of Par Pacific from $25.00 to $21.00 and set an “overweight” rating for the company in a research report on Friday, March 7th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and four have assigned a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $22.57.

Par Pacific Trading Up 1.9 %

NYSE PARR opened at $14.16 on Thursday. The stock has a market capitalization of $775.01 million, a price-to-earnings ratio of 2.74 and a beta of 2.01. Par Pacific Holdings, Inc. has a 52 week low of $11.86 and a 52 week high of $40.20. The stock’s 50 day moving average price is $15.51 and its two-hundred day moving average price is $16.61. 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 (NYSE:PARR) last announced its quarterly earnings data on Tuesday, February 25th. The company reported ($0.79) EPS 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%. As a group, analysts anticipate that Par Pacific Holdings, Inc. will post 0.15 earnings per share for the current fiscal year.

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.