Balyasny Asset Management L.P. Sells 164,559 Shares of Par Pacific Holdings, Inc. (NYSE:PARR)

Balyasny Asset Management L.P. reduced its stake in shares of Par Pacific Holdings, Inc. (NYSE:PARR) by 26.4% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 458,539 shares of the company’s stock after selling 164,559 shares during the quarter. Balyasny Asset Management L.P. owned 0.82% of Par Pacific worth $7,515,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Solas Capital Management LLC grew its stake in Par Pacific by 417.7% during the fourth quarter. Solas Capital Management LLC now owns 795,000 shares of the company’s stock worth $13,030,000 after buying an additional 641,423 shares in the last quarter. Bridgewater Associates LP bought a new stake in shares of Par Pacific during the 4th quarter worth approximately $9,293,000. Barclays PLC boosted its position in shares of Par Pacific by 53.0% during the 4th quarter. Barclays PLC now owns 718,688 shares of the company’s stock worth $11,779,000 after acquiring an additional 249,048 shares in the last quarter. CenterBook Partners LP bought a new position in Par Pacific in the fourth quarter valued at approximately $2,894,000. Finally, Charles Schwab Investment Management Inc. raised its position in Par Pacific by 22.6% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 909,220 shares of the company’s stock valued at $14,902,000 after purchasing an additional 167,594 shares in the last quarter. Institutional investors own 92.15% of the company’s stock.

Analyst Ratings Changes

PARR has been the topic of several recent analyst reports. UBS Group decreased their price target on Par Pacific from $20.00 to $14.75 and set a “neutral” rating on the stock in a research note on Wednesday, April 16th. JPMorgan Chase & Co. decreased their target price on Par Pacific from $27.00 to $26.00 and set an “overweight” rating on the stock in a research report on Thursday, January 16th. TD Cowen dropped their target price on shares of Par Pacific from $21.00 to $17.00 and set a “buy” rating for the company in a report on Thursday, February 27th. The Goldman Sachs Group raised shares of Par Pacific from a “neutral” rating to a “buy” rating and lifted their price target for the company from $18.00 to $19.00 in a report on Thursday, March 27th. Finally, Raymond James started coverage on shares of Par Pacific in a research note on Friday, January 24th. They issued an “outperform” rating and a $25.00 price objective for the company. One analyst has rated the stock with a sell rating, four have given a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat, Par Pacific has a consensus rating of “Hold” and a consensus target price of $21.39.

Par Pacific Trading Up 2.2 %

NYSE PARR opened at $17.91 on Friday. The stock has a market capitalization of $973.43 million, a P/E ratio of 3.47 and a beta of 1.50. The business has a 50 day simple moving average of $14.05 and a 200 day simple moving average of $15.68. 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 Holdings, Inc. has a one year low of $11.86 and a one year high of $29.70.

Par Pacific (NYSE:PARR) last announced its quarterly earnings data on Monday, May 5th. The company reported ($0.94) EPS for the quarter, missing the consensus estimate of ($0.40) by ($0.54). The company had revenue of $1.75 billion for the quarter, compared to analyst estimates of $1.49 billion. Par Pacific had a return on equity of 10.06% and a net margin of 3.74%. The business’s quarterly revenue was down 11.9% compared to the same quarter last year. During the same period last year, the business earned $0.69 EPS. Research analysts expect that Par Pacific Holdings, Inc. will post 0.15 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.