Par Pacific Holdings, Inc. (NYSE:PARR) Shares Sold by Jacobs Levy Equity Management Inc.

Jacobs Levy Equity Management Inc. lessened its stake in Par Pacific Holdings, Inc. (NYSE:PARR) by 4.2% during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,155,108 shares of the company’s stock after selling 51,188 shares during the period. Jacobs Levy Equity Management Inc. owned 1.99% of Par Pacific worth $42,808,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in PARR. TD Asset Management Inc increased its position in Par Pacific by 46.4% during the 4th quarter. TD Asset Management Inc now owns 104,400 shares of the company’s stock worth $3,797,000 after purchasing an additional 33,100 shares during the period. Acadian Asset Management LLC acquired a new position in Par Pacific during the 1st quarter worth approximately $978,000. Hennessy Advisors Inc. increased its position in Par Pacific by 18.7% during the 1st quarter. Hennessy Advisors Inc. now owns 853,000 shares of the company’s stock worth $31,612,000 after purchasing an additional 134,600 shares during the period. Paragon Associates & Paragon Associates II Joint Venture acquired a new position in Par Pacific during the 4th quarter worth approximately $1,637,000. Finally, Russell Investments Group Ltd. increased its position in Par Pacific by 14.9% during the 1st quarter. Russell Investments Group Ltd. now owns 204,509 shares of the company’s stock worth $7,579,000 after purchasing an additional 26,485 shares during the period. Institutional investors and hedge funds own 92.15% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on the company. TD Cowen lowered their price target on Par Pacific from $42.00 to $36.00 and set a “buy” rating on the stock in a report on Tuesday, June 25th. Piper Sandler lowered their price target on Par Pacific from $43.00 to $37.00 and set an “overweight” rating on the stock in a report on Friday, June 14th. Mizuho assumed coverage on Par Pacific in a report on Wednesday, July 17th. They issued an “outperform” rating and a $33.00 price target on the stock. Finally, JPMorgan Chase & Co. lowered their price target on Par Pacific from $38.00 to $36.00 and set a “neutral” rating on the stock in a report on Tuesday, July 2nd. Four investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $35.67.

Par Pacific Price Performance

PARR stock traded up $1.21 on Tuesday, reaching $26.17. The company had a trading volume of 885,726 shares, compared to its average volume of 815,984. Par Pacific Holdings, Inc. has a 1 year low of $22.77 and a 1 year high of $40.69. The company has a debt-to-equity ratio of 0.49, a quick ratio of 0.50 and a current ratio of 1.28. The company’s fifty day moving average is $25.12 and its 200 day moving average is $31.67. The company has a market cap of $1.52 billion, a P/E ratio of 3.12 and a beta of 2.01.

Par Pacific (NYSE:PARR) last posted its earnings results on Monday, May 6th. The company reported $0.69 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.75 by ($0.06). Par Pacific had a net margin of 5.71% and a return on equity of 35.02%. The company had revenue of $1.98 billion during the quarter, compared to analysts’ expectations of $2.12 billion. On average, research analysts forecast that Par Pacific Holdings, Inc. will post 1.5 earnings per share 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.