Islay Capital Management LLC Acquires Shares of 18,191 Par Pacific Holdings, Inc. $PARR

Islay Capital Management LLC acquired a new stake in Par Pacific Holdings, Inc. (NYSE:PARR) during the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 18,191 shares of the company’s stock, valued at approximately $639,000.

Other large investors also recently modified their holdings of the company. Aster Capital Management DIFC Ltd purchased a new stake in shares of Par Pacific in the 3rd quarter valued at approximately $48,000. Smartleaf Asset Management LLC increased its position in shares of Par Pacific by 81.1% in the 2nd quarter. Smartleaf Asset Management LLC now owns 2,340 shares of the company’s stock valued at $62,000 after purchasing an additional 1,048 shares during the last quarter. Federated Hermes Inc. boosted its holdings in shares of Par Pacific by 70.4% in the 4th quarter. Federated Hermes Inc. now owns 2,096 shares of the company’s stock valued at $74,000 after buying an additional 866 shares in the last quarter. Quadrant Capital Group LLC purchased a new position in shares of Par Pacific in the 3rd quarter valued at $136,000. Finally, Osaic Holdings Inc. grew its position in shares of Par Pacific by 19.7% in the 2nd quarter. Osaic Holdings Inc. now owns 5,838 shares of the company’s stock valued at $154,000 after buying an additional 961 shares during the last quarter. 92.15% of the stock is owned by hedge funds and other institutional investors.

Par Pacific Trading Down 4.1%

Shares of Par Pacific stock opened at $53.52 on Tuesday. The company has a debt-to-equity ratio of 0.63, a quick ratio of 0.60 and a current ratio of 1.62. The company has a market capitalization of $2.68 billion, a P/E ratio of 5.97 and a beta of 0.84. Par Pacific Holdings, Inc. has a 1 year low of $24.25 and a 1 year high of $70.39. The company’s fifty day moving average is $60.54 and its two-hundred day moving average is $49.64.

Par Pacific (NYSE:PARR) last announced its earnings results on Tuesday, May 5th. The company reported $0.78 EPS for the quarter, missing analysts’ consensus estimates of $1.00 by ($0.22). Par Pacific had a net margin of 6.02% and a return on equity of 34.38%. The business had revenue of $1.82 billion during the quarter, compared to analysts’ expectations of $1.78 billion. During the same period in the previous year, the company posted ($0.94) earnings per share. Par Pacific’s quarterly revenue was up 4.5% on a year-over-year basis. Analysts forecast that Par Pacific Holdings, Inc. will post 15.6 earnings per share for the current year.

Analyst Ratings Changes

PARR has been the topic of a number of recent analyst reports. TD Cowen increased their target price on shares of Par Pacific from $39.00 to $48.00 and gave the company a “buy” rating in a research report on Friday, February 27th. Evercore raised shares of Par Pacific to an “outperform” rating in a research report on Wednesday, May 27th. UBS Group increased their target price on shares of Par Pacific from $40.00 to $60.00 and gave the company a “neutral” rating in a research report on Thursday, April 9th. Wall Street Zen raised shares of Par Pacific from a “buy” rating to a “strong-buy” rating in a research report on Sunday, May 17th. Finally, JPMorgan Chase & Co. increased their target price on shares of Par Pacific from $48.00 to $77.00 and gave the company an “overweight” rating in a research report on Wednesday, April 8th. Nine research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat, Par Pacific currently has an average rating of “Moderate Buy” and a consensus price target of $70.00.

Par Pacific Profile

Par Pacific Holdings, Inc (NYSE: PARR) is a diversified downstream energy company engaged in the refining, marketing and logistics of petroleum products. Through its subsidiaries, Par Pacific operates the Par Hawaii Refinery on the island of Oʻahu, which processes crude oil into transportation fuels such as gasoline, diesel and jet fuel, as well as asphalt, petroleum coke and sulfur. In the Rocky Mountain region, the company owns and operates the Salt Lake City Refinery in Utah and associated logistics infrastructure, including pipelines and storage terminals, to support both crude supply and product distribution.

In marketing its refined products, Par Pacific maintains a network of branded and unbranded wholesale accounts across Hawaii and the U.S.