Par Pacific Holdings, Inc. $PARR Shares Purchased by Walleye Capital LLC

Walleye Capital LLC boosted its holdings in shares of Par Pacific Holdings, Inc. (NYSE:PARR) by 48.5% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 630,303 shares of the company’s stock after purchasing an additional 205,754 shares during the period. Walleye Capital LLC’s holdings in Par Pacific were worth $16,722,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds also recently added to or reduced their stakes in the business. Farther Finance Advisors LLC raised its stake in shares of Par Pacific by 175.9% during the 2nd quarter. Farther Finance Advisors LLC now owns 1,181 shares of the company’s stock valued at $31,000 after buying an additional 753 shares during the last quarter. Caitong International Asset Management Co. Ltd acquired a new stake in Par Pacific during the first quarter worth about $35,000. Parallel Advisors LLC raised its position in Par Pacific by 232.9% during the second quarter. Parallel Advisors LLC now owns 1,325 shares of the company’s stock valued at $35,000 after acquiring an additional 927 shares in the last quarter. Nisa Investment Advisors LLC raised its position in Par Pacific by 157.4% during the second quarter. Nisa Investment Advisors LLC now owns 1,596 shares of the company’s stock valued at $42,000 after acquiring an additional 976 shares in the last quarter. Finally, Public Employees Retirement System of Ohio lifted its holdings in Par Pacific by 17.4% in the second quarter. Public Employees Retirement System of Ohio now owns 2,882 shares of the company’s stock valued at $76,000 after acquiring an additional 428 shares during the period. 92.15% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Par Pacific news, CEO William Monteleone sold 99,284 shares of the stock in a transaction that occurred on Friday, November 21st. The stock was sold at an average price of $43.15, for a total transaction of $4,284,104.60. Following the completion of the transaction, the chief executive officer owned 423,022 shares of the company’s stock, valued at $18,253,399.30. This represents a 19.01% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Timothy Clossey sold 2,000 shares of the firm’s stock in a transaction that occurred on Monday, September 15th. The shares were sold at an average price of $33.37, for a total value of $66,740.00. Following the completion of the transaction, the director owned 84,000 shares in the company, valued at approximately $2,803,080. This trade represents a 2.33% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders sold 117,132 shares of company stock worth $5,004,099. Corporate insiders own 4.40% of the company’s stock.

Par Pacific Price Performance

Shares of NYSE PARR opened at $44.16 on Friday. The company has a debt-to-equity ratio of 0.70, a quick ratio of 0.48 and a current ratio of 1.51. The firm has a fifty day moving average of $39.99 and a 200 day moving average of $33.13. The firm has a market cap of $2.22 billion, a PE ratio of 9.30 and a beta of 1.25. Par Pacific Holdings, Inc. has a one year low of $11.86 and a one year high of $48.40.

Par Pacific (NYSE:PARR) last announced its earnings results on Tuesday, November 4th. The company reported $5.95 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.98 by $3.97. Par Pacific had a net margin of 3.15% and a return on equity of 23.69%. The business had revenue of $2.01 billion for the quarter, compared to analyst estimates of $1.72 billion. During the same quarter last year, the business earned ($0.10) earnings per share. The company’s revenue for the quarter was down 6.1% compared to the same quarter last year. As a group, research analysts predict that Par Pacific Holdings, Inc. will post 0.15 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

PARR has been the topic of a number of analyst reports. UBS Group raised their price objective on shares of Par Pacific from $37.00 to $40.00 and gave the stock a “neutral” rating in a research note on Wednesday, November 5th. Raymond James Financial reissued an “outperform” rating and set a $45.00 price target (up from $38.00) on shares of Par Pacific in a report on Friday, October 17th. The Goldman Sachs Group raised their price target on shares of Par Pacific from $34.00 to $40.00 and gave the company a “neutral” rating in a research report on Wednesday, October 22nd. Piper Sandler upped their price objective on shares of Par Pacific from $44.00 to $62.00 and gave the stock an “overweight” rating in a research report on Friday, November 14th. Finally, Zacks Research raised shares of Par Pacific from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, October 22nd. Two equities research analysts have rated the stock with a Strong Buy rating, six have assigned a Buy rating and four have issued a Hold rating to the company’s stock. According to data from MarketBeat, Par Pacific presently has an average rating of “Moderate Buy” and a consensus price target of $41.57.

Par Pacific Company 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.