Texas Permanent School Fund Corp Sells 2,976 Shares of Par Pacific Holdings, Inc. (NYSE:PARR)

Texas Permanent School Fund Corp cut its holdings in Par Pacific Holdings, Inc. (NYSE:PARR) by 6.1% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 45,737 shares of the company’s stock after selling 2,976 shares during the period. Texas Permanent School Fund Corp owned 0.08% of Par Pacific worth $1,155,000 as of its most recent filing with the SEC.

A number of other institutional investors have also made changes to their positions in the business. Quadrant Capital Group LLC grew its position in Par Pacific by 91.4% during the fourth quarter. Quadrant Capital Group LLC now owns 959 shares of the company’s stock worth $35,000 after buying an additional 458 shares in the last quarter. nVerses Capital LLC grew its position in Par Pacific by 41.7% during the second quarter. nVerses Capital LLC now owns 3,400 shares of the company’s stock worth $86,000 after buying an additional 1,000 shares in the last quarter. Innealta Capital LLC acquired a new stake in Par Pacific during the second quarter worth about $104,000. Quest Partners LLC grew its position in Par Pacific by 141.3% during the second quarter. Quest Partners LLC now owns 5,930 shares of the company’s stock worth $150,000 after buying an additional 3,472 shares in the last quarter. Finally, EntryPoint Capital LLC acquired a new stake in Par Pacific during the first quarter worth about $157,000. 92.15% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on the company. Tudor Pickering raised Par Pacific to a “hold” rating in a research report on Monday, September 9th. Tudor, Pickering, Holt & Co. downgraded Par Pacific from a “buy” rating to a “hold” rating in a research report on Monday, September 9th. JPMorgan Chase & Co. decreased their target price on Par Pacific from $38.00 to $36.00 and set a “neutral” rating on the stock in a research report on Tuesday, July 2nd. UBS Group decreased their price objective on Par Pacific from $40.00 to $29.00 and set a “neutral” rating on the stock in a report on Monday, August 19th. Finally, TD Cowen decreased their price objective on Par Pacific from $36.00 to $32.00 and set a “buy” rating on the stock in a report on Friday, August 9th. Seven investment analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $30.00.

Par Pacific Stock Down 1.7 %

NYSE PARR opened at $19.35 on Friday. The company has a current ratio of 1.63, a quick ratio of 0.59 and a debt-to-equity ratio of 0.84. The stock’s 50 day moving average is $22.48 and its two-hundred day moving average is $27.69. The company has a market capitalization of $1.09 billion, a price-to-earnings ratio of 2.42 and a beta of 1.99. Par Pacific Holdings, Inc. has a 1-year low of $18.00 and a 1-year high of $40.69.

Par Pacific (NYSE:PARR) last announced its earnings results on Tuesday, August 6th. The company reported $0.49 EPS for the quarter, topping the consensus estimate of $0.13 by $0.36. The business had revenue of $2.02 billion for the quarter, compared to the consensus estimate of $1.82 billion. Par Pacific had a return on equity of 26.40% and a net margin of 5.43%. Par Pacific’s revenue was up 13.1% compared to the same quarter last year. During the same period in the previous year, the business earned $1.73 EPS. Equities analysts forecast that Par Pacific Holdings, Inc. will post 2.01 earnings per share for the current fiscal year.

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.