Janney Montgomery Scott LLC Purchases 1,226 Shares of Par Pacific Holdings, Inc. (NYSE:PARR)

Janney Montgomery Scott LLC raised its holdings in shares of Par Pacific Holdings, Inc. (NYSE:PARR) by 2.4% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 52,804 shares of the company’s stock after buying an additional 1,226 shares during the quarter. Janney Montgomery Scott LLC owned about 0.09% of Par Pacific worth $929,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also added to or reduced their stakes in the company. Headlands Technologies LLC raised its position in shares of Par Pacific by 215.1% during the 2nd quarter. Headlands Technologies LLC now owns 1,166 shares of the company’s stock valued at $29,000 after buying an additional 796 shares in the last quarter. Meeder Asset Management Inc. bought a new position in shares of Par Pacific during the 2nd quarter valued at about $43,000. Quarry LP raised its holdings in shares of Par Pacific by 610.5% during the 2nd quarter. Quarry LP now owns 2,359 shares of the company’s stock valued at $60,000 after buying an additional 2,027 shares in the last quarter. nVerses Capital LLC lifted its position in Par Pacific by 41.7% in the 2nd quarter. nVerses Capital LLC now owns 3,400 shares of the company’s stock worth $86,000 after buying an additional 1,000 shares during the last quarter. Finally, Innealta Capital LLC purchased a new stake in Par Pacific in the second quarter worth approximately $104,000. 92.15% of the stock is currently owned by institutional investors.

Par Pacific Trading Up 0.9 %

Par Pacific stock opened at $17.65 on Friday. The company has a current ratio of 1.69, a quick ratio of 0.66 and a debt-to-equity ratio of 0.84. The company has a market capitalization of $987.52 million, a price-to-earnings ratio of 3.42 and a beta of 1.99. Par Pacific Holdings, Inc. has a 12 month low of $14.84 and a 12 month high of $40.69. The business’s fifty day simple moving average is $17.61 and its two-hundred day simple moving average is $22.49.

Par Pacific (NYSE:PARR) last released its quarterly earnings data on Monday, November 4th. The company reported ($0.10) EPS for the quarter, topping the consensus estimate of ($0.12) by $0.02. The company had revenue of $2.14 billion during the quarter, compared to the consensus estimate of $1.88 billion. Par Pacific had a return on equity of 10.06% and a net margin of 3.74%. Par Pacific’s revenue for the quarter was down 16.9% on a year-over-year basis. During the same period last year, the company earned $3.15 EPS. As a group, equities analysts predict that Par Pacific Holdings, Inc. will post 0.95 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several research firms have issued reports on PARR. Piper Sandler lowered shares of Par Pacific from an “overweight” rating to a “neutral” rating and cut their price target for the company from $37.00 to $23.00 in a research report on Friday, September 20th. Tudor Pickering raised Par Pacific to a “hold” rating in a research note on Monday, September 9th. JPMorgan Chase & Co. upgraded Par Pacific from a “neutral” rating to an “overweight” rating and lowered their price objective for the company from $36.00 to $30.00 in a research report on Wednesday, October 2nd. Mizuho decreased their target price on shares of Par Pacific from $28.00 to $26.00 and set an “outperform” rating on the stock in a research note on Wednesday, October 9th. Finally, The Goldman Sachs Group dropped their price target on shares of Par Pacific from $32.00 to $28.00 and set a “neutral” rating for the company in a research report on Wednesday, October 9th. Six research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $28.00.

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.