Sanctuary Advisors LLC Raises Stock Holdings in Par Pacific Holdings, Inc. (NYSE:PARR)

Sanctuary Advisors LLC grew its stake in shares of Par Pacific Holdings, Inc. (NYSE:PARR) by 126.2% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 49,256 shares of the company’s stock after buying an additional 27,480 shares during the period. Sanctuary Advisors LLC owned 0.09% of Par Pacific worth $843,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Creative Planning increased its stake in Par Pacific by 246.2% in the 3rd quarter. Creative Planning now owns 33,014 shares of the company’s stock worth $581,000 after buying an additional 23,478 shares in the last quarter. Private Advisor Group LLC boosted its stake in Par Pacific by 60.4% in the 3rd quarter. Private Advisor Group LLC now owns 21,213 shares of the company’s stock worth $373,000 after purchasing an additional 7,987 shares during the period. State of Alaska Department of Revenue boosted its stake in Par Pacific by 2.6% in the 3rd 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. Janney Montgomery Scott LLC grew its holdings in Par Pacific by 2.4% during the 3rd quarter. Janney Montgomery Scott LLC now owns 52,804 shares of the company’s stock valued at $929,000 after buying an additional 1,226 shares in the last quarter. Finally, Harbor Capital Advisors Inc. raised its position in shares of Par Pacific by 160.2% during the third quarter. Harbor Capital Advisors Inc. now owns 513,254 shares of the company’s stock valued at $9,033,000 after buying an additional 315,967 shares during the last quarter. Hedge funds and other institutional investors own 92.15% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have commented on PARR. Mizuho cut shares of Par Pacific from an “outperform” rating to a “neutral” rating and decreased their price target for the stock from $26.00 to $22.00 in a research note on Monday, December 16th. The Goldman Sachs Group dropped their price target on Par Pacific from $20.00 to $18.00 and set a “neutral” rating for the company in a research note on Thursday. JPMorgan Chase & Co. reduced their price objective on Par Pacific from $27.00 to $26.00 and set an “overweight” rating on the stock in a research note on Thursday, January 16th. StockNews.com upgraded shares of Par Pacific from a “sell” rating to a “hold” rating in a research report on Thursday, November 14th. Finally, TD Cowen reduced their price objective on Par Pacific from $21.00 to $17.00 and set a “buy” rating on the stock in a research note on Thursday. Seven analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $22.86.

Insider Transactions at Par Pacific

In other 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 transaction of $1,098,094.00. Following the transaction, the director now directly owns 524,610 shares of the company’s stock, valued at approximately $8,509,174.20. This trade represents a 11.43 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Corporate insiders own 4.40% of the company’s stock.

Par Pacific Stock Performance

Par Pacific stock opened at $14.12 on Friday. The firm has a market capitalization of $789.82 million, a P/E ratio of 2.74 and a beta of 1.99. The company’s 50-day moving average is $16.67 and its 200 day moving average is $17.78. Par Pacific Holdings, Inc. has a 1-year low of $13.40 and a 1-year high of $40.20. 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 (NYSE:PARR) last issued its quarterly earnings results on Tuesday, February 25th. The company reported ($0.79) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.15) by ($0.64). The business had revenue of $1.83 billion for the quarter, compared to the consensus estimate of $1.68 billion. Par Pacific had a return on equity of 10.06% and a net margin of 3.74%. Research analysts forecast that Par Pacific Holdings, Inc. will post 0.15 EPS for the current 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.