Thrivent Financial for Lutherans Reduces Stock Position in Par Pacific Holdings, Inc. (NYSE:PARR)

Thrivent Financial for Lutherans trimmed its holdings in shares of Par Pacific Holdings, Inc. (NYSE:PARR) by 21.9% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 84,495 shares of the company’s stock after selling 23,672 shares during the period. Thrivent Financial for Lutherans owned 0.15% of Par Pacific worth $1,385,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also made changes to their positions in the business. State Street Corp lifted its stake in Par Pacific by 10.5% during the third 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. Walleye Capital LLC raised its holdings in Par Pacific by 1,014.3% during 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 in the last quarter. Charles Schwab Investment Management Inc. raised its holdings in Par Pacific by 22.6% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 909,220 shares of the company’s stock worth $14,902,000 after purchasing an additional 167,594 shares in the last quarter. Weiss Asset Management LP purchased a new stake in shares of Par Pacific during the 3rd quarter worth approximately $2,636,000. Finally, Yaupon Capital Management LP boosted its holdings in shares of Par Pacific by 17.0% in the 3rd quarter. Yaupon Capital Management LP now owns 604,828 shares of the company’s stock valued at $10,645,000 after buying an additional 87,881 shares in the last quarter. 92.15% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on PARR shares. Mizuho cut shares of Par Pacific from an “outperform” rating to a “neutral” rating and reduced their price target for the company from $26.00 to $22.00 in a research report on Monday, December 16th. TD Cowen decreased their target price on Par Pacific from $21.00 to $17.00 and set a “buy” rating for the company in a research report on Thursday, February 27th. JPMorgan Chase & Co. cut their price target on Par Pacific from $27.00 to $26.00 and set an “overweight” rating on the stock in a research report on Thursday, January 16th. StockNews.com downgraded Par Pacific from a “hold” rating to a “sell” rating in a report on Friday, February 28th. Finally, The Goldman Sachs Group raised shares of Par Pacific from a “neutral” rating to a “buy” rating and lifted their target price for the company from $18.00 to $19.00 in a report on Thursday. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat, Par Pacific currently has a consensus rating of “Hold” and a consensus target price of $22.71.

Par Pacific Price Performance

Par Pacific stock opened at $14.25 on Monday. The company has a debt-to-equity ratio of 0.84, a current ratio of 1.69 and a quick ratio of 0.66. The business has a 50 day simple moving average of $15.37 and a 200-day simple moving average of $16.54. 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 capitalization of $780.38 million, a PE ratio of 2.76 and a beta of 2.01.

Par Pacific (NYSE:PARR) last issued its earnings results on Tuesday, February 25th. The company reported ($0.79) earnings per share (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 business had revenue of $1.83 billion for the quarter, compared to analysts’ expectations of $1.68 billion. Equities analysts predict that Par Pacific Holdings, Inc. will post 0.15 earnings per share for the current 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.