New York State Common Retirement Fund Increases Stake in Par Pacific Holdings, Inc. (NYSE:PARR)

New York State Common Retirement Fund increased its holdings in Par Pacific Holdings, Inc. (NYSE:PARR) by 19.1% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 28,694 shares of the company’s stock after purchasing an additional 4,600 shares during the quarter. New York State Common Retirement Fund owned 0.05% of Par Pacific worth $470,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors also recently added to or reduced their stakes in the company. Pacer Advisors Inc. bought a new position in shares of Par Pacific during the third quarter valued at about $61,870,000. State Street Corp boosted its holdings in Par Pacific by 10.5% during the 3rd quarter. State Street Corp now owns 3,461,282 shares of the company’s stock valued at $60,919,000 after acquiring an additional 328,325 shares during the period. Geode Capital Management LLC boosted its holdings in Par Pacific by 0.6% during the 3rd quarter. Geode Capital Management LLC now owns 1,283,303 shares of the company’s stock valued at $22,591,000 after acquiring an additional 7,804 shares during the period. Charles Schwab Investment Management Inc. grew its position in Par Pacific by 1.8% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 741,626 shares of the company’s stock worth $13,053,000 after acquiring an additional 13,457 shares during the last quarter. Finally, Yaupon Capital Management LP increased its stake in Par Pacific by 17.0% in the 3rd quarter. Yaupon Capital Management LP now owns 604,828 shares of the company’s stock worth $10,645,000 after purchasing an additional 87,881 shares during the period. Hedge funds and other institutional investors own 92.15% of the company’s stock.

Insider Activity

In other news, Director William Pate sold 67,700 shares of Par Pacific 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 completion of the transaction, the director now directly 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 document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 4.40% of the company’s stock.

Par Pacific Price Performance

PARR stock opened at $12.48 on Wednesday. The firm has a 50-day moving average of $16.53 and a 200 day moving average of $17.49. The company has a debt-to-equity ratio of 0.84, a current ratio of 1.69 and a quick ratio of 0.66. The company has a market cap of $698.00 million, a P/E ratio of 2.42 and a beta of 1.99. Par Pacific Holdings, Inc. has a 1 year low of $12.28 and a 1 year high of $40.20.

Par Pacific (NYSE:PARR) last announced its earnings results on Tuesday, February 25th. The company reported ($0.79) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.15) by ($0.64). The firm had revenue of $1.83 billion during 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%. On average, sell-side analysts forecast that Par Pacific Holdings, Inc. will post 0.15 EPS for the current year.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on PARR shares. StockNews.com cut shares of Par Pacific from a “hold” rating to a “sell” rating in a report on Friday, February 28th. Mizuho lowered shares of Par Pacific from an “outperform” rating to a “neutral” rating and cut their price target for the stock from $26.00 to $22.00 in a report on Monday, December 16th. TD Cowen decreased their price objective 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, February 27th. 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. Finally, The Goldman Sachs Group reduced 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, February 27th. One analyst has rated the stock with a sell rating, six have issued a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $22.86.

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.