UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Has $2.25 Million Stock Holdings in Par Pacific Holdings, Inc. (NYSE:PARR)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its position in Par Pacific Holdings, Inc. (NYSE:PARR) by 7.4% in the 3rd quarter, according to its most recent filing with the SEC. The fund owned 127,732 shares of the company’s stock after purchasing an additional 8,844 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned about 0.23% of Par Pacific worth $2,248,000 as of its most recent filing with the SEC.

Several other hedge funds have also bought and sold shares of PARR. SummerHaven Investment Management LLC boosted its stake in shares of Par Pacific by 2.0% during the 2nd quarter. SummerHaven Investment Management LLC now owns 28,537 shares of the company’s stock worth $721,000 after acquiring an additional 563 shares during the period. Headlands Technologies LLC lifted its holdings in 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 purchasing an additional 796 shares during the last quarter. State of Alaska Department of Revenue boosted its position in Par Pacific by 2.6% during the third quarter. State of Alaska Department of Revenue now owns 32,145 shares of the company’s stock worth $565,000 after purchasing an additional 810 shares during the period. Simplicity Wealth LLC boosted its position in Par Pacific by 6.6% during the third quarter. Simplicity Wealth LLC now owns 14,872 shares of the company’s stock worth $262,000 after purchasing an additional 923 shares during the period. Finally, nVerses Capital LLC increased its holdings in shares of Par Pacific by 41.7% in the second quarter. nVerses Capital LLC now owns 3,400 shares of the company’s stock valued at $86,000 after purchasing an additional 1,000 shares during the last quarter. 92.15% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several analysts recently commented on the stock. JPMorgan Chase & Co. raised shares of Par Pacific from a “neutral” rating to an “overweight” rating and reduced their target price for the stock from $36.00 to $30.00 in a report on Wednesday, October 2nd. Mizuho decreased their target price on Par Pacific from $28.00 to $26.00 and set an “outperform” rating on the stock in a research report on Wednesday, October 9th. StockNews.com raised Par Pacific from a “sell” rating to a “hold” rating in a report on Thursday, November 14th. Tudor Pickering raised Par Pacific to a “hold” rating in a report on Monday, September 9th. Finally, Piper Sandler downgraded Par Pacific from an “overweight” rating to a “neutral” rating and dropped their target price for the stock from $37.00 to $23.00 in a report on Friday, September 20th. Six investment analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $28.00.

Insider Buying and Selling at Par Pacific

In other Par Pacific news, Director William Pate sold 67,700 shares of Par Pacific stock in a transaction dated Thursday, December 12th. The stock was sold at an average price of $16.22, for a total value of $1,098,094.00. Following the transaction, the director now owns 524,610 shares in the company, valued at $8,509,174.20. The trade was a 11.43 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Company insiders own 4.40% of the company’s stock.

Par Pacific Stock Performance

PARR opened at $16.46 on Friday. The company has a debt-to-equity ratio of 0.84, a quick ratio of 0.66 and a current ratio of 1.69. Par Pacific Holdings, Inc. has a 52-week low of $14.84 and a 52-week high of $40.69. The firm has a market cap of $920.97 million, a P/E ratio of 3.19 and a beta of 1.99. The business’s fifty day moving average is $16.99 and its 200-day moving average is $20.83.

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