BNP Paribas Financial Markets Has $782,000 Stock Position in Par Pacific Holdings, Inc. (NYSE:PARR)

BNP Paribas Financial Markets boosted its holdings in shares of Par Pacific Holdings, Inc. (NYSE:PARR) by 196.5% in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 44,416 shares of the company’s stock after acquiring an additional 29,435 shares during the quarter. BNP Paribas Financial Markets owned 0.08% of Par Pacific worth $782,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of the business. Pacer Advisors Inc. purchased a new position in Par Pacific during the third quarter valued at approximately $61,870,000. Millennium Management LLC grew its holdings in shares of Par Pacific by 48.4% during the 2nd quarter. Millennium Management LLC now owns 1,952,754 shares of the company’s stock valued at $49,307,000 after acquiring an additional 636,908 shares in the last quarter. Harbor Capital Advisors Inc. increased its stake in shares of Par Pacific by 160.2% in the third quarter. Harbor Capital Advisors Inc. now owns 513,254 shares of the company’s stock worth $9,033,000 after acquiring an additional 315,967 shares during the last quarter. Thomist Capital Management LP raised its holdings in shares of Par Pacific by 50.0% during the second quarter. Thomist Capital Management LP now owns 559,277 shares of the company’s stock worth $13,095,000 after acquiring an additional 186,411 shares in the last quarter. Finally, American Century Companies Inc. boosted its position in Par Pacific by 13.9% during the second quarter. American Century Companies Inc. now owns 1,435,794 shares of the company’s stock valued at $36,254,000 after purchasing an additional 175,331 shares during the last quarter. Hedge funds and other institutional investors own 92.15% of the company’s stock.

Par Pacific Stock Performance

Shares of PARR opened at $16.71 on Thursday. The company has a debt-to-equity ratio of 0.84, a current ratio of 1.69 and a quick ratio of 0.66. Par Pacific Holdings, Inc. has a one year low of $14.84 and a one year high of $40.69. The company’s fifty day moving average price is $17.10 and its 200 day moving average price is $20.98. The company has a market capitalization of $934.68 million, a PE ratio of 3.24 and a beta of 1.99.

Par Pacific (NYSE:PARR) last posted its quarterly earnings data on Monday, November 4th. The company reported ($0.10) earnings per share for the quarter, topping the consensus estimate of ($0.12) by $0.02. The business had revenue of $2.14 billion during the quarter, compared to analysts’ expectations of $1.88 billion. Par Pacific had a return on equity of 10.06% and a net margin of 3.74%. The firm’s revenue was down 16.9% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $3.15 EPS. As a group, analysts expect that Par Pacific Holdings, Inc. will post 0.83 earnings per share for the current year.

Analysts Set New Price Targets

A number of research firms have recently weighed in on PARR. Piper Sandler downgraded Par Pacific from an “overweight” rating to a “neutral” rating and cut their price target for the stock from $37.00 to $23.00 in a research note on Friday, September 20th. The Goldman Sachs Group cut their price objective on shares of Par Pacific from $32.00 to $28.00 and set a “neutral” rating on the stock in a research report on Wednesday, October 9th. UBS Group decreased their target price on shares of Par Pacific from $40.00 to $29.00 and set a “neutral” rating for the company in a research report on Monday, August 19th. JPMorgan Chase & Co. upgraded shares of Par Pacific from a “neutral” rating to an “overweight” rating and cut their price target for the company from $36.00 to $30.00 in a report on Wednesday, October 2nd. Finally, StockNews.com upgraded shares of Par Pacific from a “sell” rating to a “hold” rating in a report on Thursday, November 14th. Six analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat, Par Pacific has a consensus rating of “Hold” and an average target price of $28.00.

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.