Par Pacific Holdings, Inc. (NYSE:PARR) Holdings Increased by Rhumbline Advisers

Rhumbline Advisers increased its stake in Par Pacific Holdings, Inc. (NYSE:PARR) by 1.5% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 181,940 shares of the company’s stock after acquiring an additional 2,709 shares during the period. Rhumbline Advisers owned approximately 0.33% of Par Pacific worth $2,982,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in PARR. Pacer Advisors Inc. acquired a new stake in Par Pacific in the third quarter worth approximately $61,870,000. State Street Corp raised its stake in shares of Par Pacific by 10.5% in the 3rd quarter. State Street Corp now owns 3,461,282 shares of the company’s stock worth $60,919,000 after buying an additional 328,325 shares in the last quarter. Geode Capital Management LLC lifted its holdings in shares of Par Pacific by 0.6% in the third quarter. Geode Capital Management LLC now owns 1,283,303 shares of the company’s stock valued at $22,591,000 after buying an additional 7,804 shares during the period. Charles Schwab Investment Management Inc. lifted its holdings in shares of Par Pacific by 1.8% in the third quarter. Charles Schwab Investment Management Inc. now owns 741,626 shares of the company’s stock valued at $13,053,000 after buying an additional 13,457 shares during the period. Finally, Yaupon Capital Management LP boosted its stake in Par Pacific by 17.0% during the third quarter. Yaupon Capital Management LP now owns 604,828 shares of the company’s stock valued at $10,645,000 after buying an additional 87,881 shares in the last quarter. 92.15% of the stock is currently owned by institutional investors.

Par Pacific Trading Up 2.1 %

PARR stock opened at $14.39 on Friday. 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 Holdings, Inc. has a twelve month low of $13.40 and a twelve month high of $40.20. The company has a market cap of $805.26 million, a P/E ratio of 2.79 and a beta of 1.99. The business has a fifty day moving average of $16.65 and a 200-day moving average of $17.68.

Par Pacific (NYSE:PARR) last issued its earnings results on Tuesday, February 25th. The company reported ($0.79) EPS for the quarter, missing the consensus estimate of ($0.15) by ($0.64). Par Pacific had a net margin of 3.74% and a return on equity of 10.06%. The business had revenue of $1.83 billion for the quarter, compared to the consensus estimate of $1.68 billion. As a group, equities research analysts expect that Par Pacific Holdings, Inc. will post 0.15 EPS for the current year.

Insider Activity at Par Pacific

In related news, Director William Pate sold 67,700 shares of the firm’s stock in a transaction 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 completion of the transaction, the director now 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 4.40% of the stock is owned by insiders.

Wall Street Analyst Weigh In

Several equities research analysts have commented on the stock. TD Cowen dropped their price target on shares of Par Pacific from $21.00 to $17.00 and set a “buy” rating on the stock in a research report on Thursday. Mizuho lowered shares of Par Pacific from an “outperform” rating to a “neutral” rating and cut their target price for the company from $26.00 to $22.00 in a research note on Monday, December 16th. Raymond James started coverage on shares of Par Pacific in a report on Friday, January 24th. They set an “outperform” rating and a $25.00 target price for the company. The Goldman Sachs Group dropped their price target on Par Pacific from $20.00 to $18.00 and set a “neutral” rating on the stock in a report on Thursday. Finally, JPMorgan Chase & Co. reduced their price objective on Par Pacific from $27.00 to $26.00 and set an “overweight” rating for the company in a research note on Thursday, January 16th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and three have issued a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $22.86.

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.