17,777 Shares in Par Pacific Holdings, Inc. (NYSE:PARR) Purchased by FORA Capital LLC

FORA Capital LLC acquired a new position in Par Pacific Holdings, Inc. (NYSE:PARR) during the third quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 17,777 shares of the company’s stock, valued at approximately $313,000.

A number of other large investors have also modified their holdings of PARR. Harbor Capital Advisors Inc. increased its stake in Par Pacific by 160.2% during the 3rd 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 period. WINTON GROUP Ltd increased its stake in Par Pacific by 802.8% during the 2nd quarter. WINTON GROUP Ltd now owns 134,185 shares of the company’s stock valued at $3,388,000 after buying an additional 119,321 shares during the period. Creative Planning increased its stake in Par Pacific by 246.2% during the 3rd quarter. Creative Planning now owns 33,014 shares of the company’s stock valued at $581,000 after buying an additional 23,478 shares during the period. Quest Partners LLC increased its stake in Par Pacific by 908.1% during the 3rd quarter. Quest Partners LLC now owns 59,780 shares of the company’s stock valued at $1,052,000 after buying an additional 53,850 shares during the period. Finally, Algert Global LLC increased its stake in Par Pacific by 63.8% during the 3rd quarter. Algert Global LLC now owns 303,970 shares of the company’s stock valued at $5,350,000 after buying an additional 118,393 shares during the period. Institutional investors and hedge funds own 92.15% of the company’s stock.

Analyst Ratings Changes

Several research firms have commented on PARR. StockNews.com upgraded shares of Par Pacific from a “sell” rating to a “hold” rating in a research report on Thursday, November 14th. The Goldman Sachs Group reduced their price objective on shares of Par Pacific from $32.00 to $28.00 and set a “neutral” rating for the company in a research report on Wednesday, October 9th. TD Cowen reduced their price objective on shares of Par Pacific from $36.00 to $32.00 and set a “buy” rating for the company in a research report on Friday, August 9th. Piper Sandler lowered shares of Par Pacific from an “overweight” rating to a “neutral” rating and reduced their price objective for the company from $37.00 to $23.00 in a research report on Friday, September 20th. Finally, JPMorgan Chase & Co. upgraded shares of Par Pacific from a “neutral” rating to an “overweight” rating and reduced their price objective for the company from $36.00 to $30.00 in a research report on Wednesday, October 2nd. Six research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $28.00.

Par Pacific Stock Performance

Shares of PARR opened at $17.43 on Friday. Par Pacific Holdings, Inc. has a one year low of $14.84 and a one year high of $40.69. The company has a 50-day moving average of $17.30 and a two-hundred day moving average of $21.67. The stock has a market cap of $975.21 million, a price-to-earnings ratio of 3.38 and a beta of 1.99. 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 posted its quarterly earnings results on Monday, November 4th. The company reported ($0.10) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.12) by $0.02. The business had revenue of $2.14 billion during the quarter, compared to analyst estimates 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 was down 16.9% compared to the same quarter last year. During the same period in the prior year, the firm earned $3.15 earnings per share. On average, equities research analysts expect that Par Pacific Holdings, Inc. will post 0.95 earnings per share for the current year.

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.