Bank of Montreal Can Has $375,000 Stock Holdings in Par Pacific Holdings, Inc. (NYSE:PARR)

Bank of Montreal Can cut its holdings in shares of Par Pacific Holdings, Inc. (NYSE:PARR) by 89.6% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 14,841 shares of the company’s stock after selling 128,388 shares during the period. Bank of Montreal Can’s holdings in Par Pacific were worth $375,000 at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of PARR. SummerHaven Investment Management LLC grew its stake in Par Pacific by 2.0% in the second quarter. SummerHaven Investment Management LLC now owns 28,537 shares of the company’s stock valued at $721,000 after acquiring an additional 563 shares during the period. Range Financial Group LLC lifted its stake in shares of Par Pacific by 9.8% in the 1st quarter. Range Financial Group LLC now owns 6,817 shares of the company’s stock valued at $253,000 after acquiring an additional 608 shares during the last quarter. Simplicity Wealth LLC increased its stake in shares of Par Pacific by 5.1% in the second quarter. Simplicity Wealth LLC now owns 13,949 shares of the company’s stock valued at $352,000 after buying an additional 677 shares during the period. Linden Thomas Advisory Services LLC lifted its holdings in Par Pacific by 1.6% in the second quarter. Linden Thomas Advisory Services LLC now owns 43,892 shares of the company’s stock valued at $1,108,000 after buying an additional 703 shares during the period. Finally, ProShare Advisors LLC grew its holdings in Par Pacific by 7.4% in the first quarter. ProShare Advisors LLC now owns 11,154 shares of the company’s stock worth $413,000 after purchasing an additional 768 shares during the period. Institutional investors own 92.15% of the company’s stock.

Analysts Set New Price Targets

PARR has been the subject of a number of recent analyst reports. UBS Group reduced their price objective on Par Pacific from $40.00 to $29.00 and set a “neutral” rating for the company in a research note on Monday, August 19th. Mizuho cut their target price on Par Pacific from $28.00 to $26.00 and set an “outperform” rating on the stock in a research note on Wednesday. Tudor, Pickering, Holt & Co. downgraded Par Pacific from a “buy” rating to a “hold” rating in a report on Monday, September 9th. Tudor Pickering upgraded shares of Par Pacific to a “hold” rating in a research note on Monday, September 9th. Finally, TD Cowen decreased their price target on shares of Par Pacific from $36.00 to $32.00 and set a “buy” rating on the stock in a research note on Friday, August 9th. Six equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $28.00.

Par Pacific Stock Down 0.2 %

Shares of Par Pacific stock opened at $17.85 on Friday. The company has a quick ratio of 0.59, a current ratio of 1.63 and a debt-to-equity ratio of 0.84. The company has a market cap of $1.03 billion, a P/E ratio of 2.23 and a beta of 1.98. The firm’s 50 day moving average price is $20.64 and its 200-day moving average price is $25.84. Par Pacific Holdings, Inc. has a 52-week low of $17.06 and a 52-week high of $40.69.

Par Pacific (NYSE:PARR) last posted its quarterly earnings results on Tuesday, August 6th. The company reported $0.49 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.13 by $0.36. The company had revenue of $2.02 billion during the quarter, compared to analyst estimates of $1.82 billion. Par Pacific had a net margin of 5.43% and a return on equity of 26.40%. Par Pacific’s revenue for the quarter was up 13.1% compared to the same quarter last year. During the same period last year, the firm posted $1.73 EPS. On average, sell-side analysts predict that Par Pacific Holdings, Inc. will post 1.34 EPS 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.