Nisa Investment Advisors LLC Increases Stake in Par Pacific Holdings, Inc. (NYSE:PARR)

Nisa Investment Advisors LLC raised its position in Par Pacific Holdings, Inc. (NYSE:PARR) by 37.7% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 2,557 shares of the company’s stock after acquiring an additional 700 shares during the period. Nisa Investment Advisors LLC’s holdings in Par Pacific were worth $42,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in PARR. Squarepoint Ops LLC acquired a new position in Par Pacific during the second quarter worth $1,932,000. AQR Capital Management LLC boosted its position in shares of Par Pacific by 210.9% during the 2nd quarter. AQR Capital Management LLC now owns 85,987 shares of the company’s stock worth $2,171,000 after purchasing an additional 58,328 shares in the last quarter. Quarry LP grew its stake in shares of Par Pacific by 610.5% during the 2nd quarter. Quarry LP now owns 2,359 shares of the company’s stock worth $60,000 after purchasing an additional 2,027 shares during the period. Simplicity Wealth LLC increased its holdings in shares of Par Pacific by 6.6% in the 3rd quarter. Simplicity Wealth LLC now owns 14,872 shares of the company’s stock valued at $262,000 after purchasing an additional 923 shares in the last quarter. Finally, Creative Planning lifted its stake in shares of Par Pacific by 246.2% in the third quarter. Creative Planning now owns 33,014 shares of the company’s stock valued at $581,000 after purchasing an additional 23,478 shares during the period. Hedge funds and other institutional investors own 92.15% of the company’s stock.

Insider Buying and Selling

In related news, Director William Pate sold 67,700 shares of the firm’s stock in a transaction that occurred on Thursday, December 12th. The shares were 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 approximately $8,509,174.20. This trade represents a 11.43 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. 4.40% of the stock is owned by company insiders.

Par Pacific Stock Down 2.2 %

PARR opened at $16.74 on Friday. The business’s fifty day simple moving average is $16.85 and its 200 day simple moving average is $18.89. 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 $936.60 million, a P/E ratio of 3.24 and a beta of 2.00. The company has a quick ratio of 0.66, a current ratio of 1.69 and a debt-to-equity ratio of 0.84.

Par Pacific (NYSE:PARR) last released its quarterly earnings results on Monday, November 4th. The company reported ($0.10) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.12) by $0.02. The company had revenue of $2.14 billion for the quarter, compared to analysts’ expectations of $1.88 billion. Par Pacific had a net margin of 3.74% and a return on equity of 10.06%. The firm’s revenue for the quarter was down 16.9% compared to the same quarter last year. During the same period last year, the company earned $3.15 EPS. As a group, equities research analysts anticipate that Par Pacific Holdings, Inc. will post 0.15 EPS for the current fiscal year.

Wall Street Analyst Weigh In

PARR has been the topic of several recent analyst reports. The Goldman Sachs Group lowered their target price on shares of Par Pacific from $23.00 to $20.00 and set a “neutral” rating on the stock in a research report on Friday. JPMorgan Chase & Co. lowered their price target on Par Pacific from $27.00 to $26.00 and set an “overweight” rating on the stock in a report on Thursday, January 16th. Raymond James assumed coverage on Par Pacific in a report on Friday, January 24th. They set an “outperform” rating and a $25.00 price objective for the company. Mizuho lowered Par Pacific from an “outperform” rating to a “neutral” rating and lowered their target price for the company from $26.00 to $22.00 in a report on Monday, December 16th. Finally, StockNews.com raised Par Pacific from a “sell” rating to a “hold” rating in a research note on Thursday, November 14th. Seven investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $25.29.

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.