Par Pacific Holdings, Inc. (NYSE:PARR) Shares Bought by GAMMA Investing LLC

GAMMA Investing LLC grew its position in Par Pacific Holdings, Inc. (NYSE:PARR) by 232.5% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,669 shares of the company’s stock after buying an additional 1,167 shares during the quarter. GAMMA Investing LLC’s holdings in Par Pacific were worth $27,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently modified their holdings of PARR. Headlands Technologies LLC boosted 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 acquiring an additional 796 shares during the period. Quarry LP boosted its stake in shares of Par Pacific by 610.5% in the second quarter. Quarry LP now owns 2,359 shares of the company’s stock valued at $60,000 after purchasing an additional 2,027 shares during the period. Quest Partners LLC grew its holdings in shares of Par Pacific by 141.3% in the second quarter. Quest Partners LLC now owns 5,930 shares of the company’s stock valued at $150,000 after purchasing an additional 3,472 shares in the last quarter. FMR LLC increased its stake in Par Pacific by 126.7% during the 3rd quarter. FMR LLC now owns 8,634 shares of the company’s stock worth $152,000 after buying an additional 4,826 shares during the period. Finally, MQS Management LLC purchased a new position in Par Pacific in the 3rd quarter valued at approximately $185,000. Hedge funds and other institutional investors own 92.15% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on the company. StockNews.com raised Par Pacific from a “sell” rating to a “hold” rating in a research report on Thursday, November 14th. The Goldman Sachs Group reduced their price target on Par Pacific from $26.00 to $23.00 and set a “neutral” rating on the stock in a research report on Thursday, December 19th. Mizuho downgraded Par Pacific from an “outperform” rating to a “neutral” rating and lowered their price objective for the stock from $26.00 to $22.00 in a research report on Monday, December 16th. Piper Sandler cut shares of Par Pacific from an “overweight” rating to a “neutral” rating and reduced their target price for the company from $37.00 to $23.00 in a report on Friday, September 20th. Finally, JPMorgan Chase & Co. upgraded shares of Par Pacific from a “neutral” rating to an “overweight” rating and lowered their price target for the stock from $36.00 to $30.00 in a report on Wednesday, October 2nd. Seven investment analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $26.50.

Insider Buying and Selling at Par Pacific

In other Par Pacific news, Director William Pate sold 67,700 shares of the business’s stock in a transaction that occurred on 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 completion of the sale, the director now owns 524,610 shares in the company, valued at approximately $8,509,174.20. The trade was a 11.43 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 4.40% of the stock is currently owned by insiders.

Par Pacific Price Performance

PARR stock opened at $17.98 on Wednesday. The stock has a market cap of $1.01 billion, a price-to-earnings ratio of 3.48 and a beta of 2.00. Par Pacific Holdings, Inc. has a fifty-two week low of $14.84 and a fifty-two week high of $40.69. The company has a quick ratio of 0.66, a current ratio of 1.69 and a debt-to-equity ratio of 0.84. The business has a 50 day moving average price of $16.72 and a 200 day moving average price of $19.45.

Par Pacific (NYSE:PARR) last issued 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 the consensus estimate of $1.88 billion. Par Pacific had a net margin of 3.74% and a return on equity of 10.06%. The company’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. Equities research analysts anticipate that Par Pacific Holdings, Inc. will post 1.12 earnings per share for the current fiscal year.

Par Pacific 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.