10,228 Shares in Par Pacific Holdings, Inc. $PARR Acquired by Savant Capital LLC

Savant Capital LLC acquired a new stake in Par Pacific Holdings, Inc. (NYSE:PARR) in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 10,228 shares of the company’s stock, valued at approximately $271,000.

A number of other institutional investors have also made changes to their positions in the company. Nuveen LLC acquired a new stake in Par Pacific during the 1st quarter valued at $12,750,000. Walleye Capital LLC boosted its position in Par Pacific by 365.4% in the 1st quarter. Walleye Capital LLC now owns 424,549 shares of the company’s stock valued at $6,054,000 after buying an additional 333,319 shares during the last quarter. Charles Schwab Investment Management Inc. grew its stake in shares of Par Pacific by 32.6% during the first quarter. Charles Schwab Investment Management Inc. now owns 1,205,756 shares of the company’s stock valued at $17,194,000 after acquiring an additional 296,536 shares in the last quarter. Jump Financial LLC purchased a new stake in shares of Par Pacific during the first quarter worth about $3,289,000. Finally, Jane Street Group LLC lifted its stake in shares of Par Pacific by 352.7% in the first quarter. Jane Street Group LLC now owns 270,835 shares of the company’s stock worth $3,862,000 after acquiring an additional 211,002 shares in the last quarter. 92.15% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on PARR shares. Tudor Pickering upgraded Par Pacific from a “hold” rating to a “strong-buy” rating in a research note on Thursday, November 6th. Raymond James Financial reiterated an “outperform” rating and set a $45.00 target price (up from $38.00) on shares of Par Pacific in a research note on Friday, October 17th. Wall Street Zen upgraded shares of Par Pacific from a “buy” rating to a “strong-buy” rating in a research note on Saturday, September 13th. Mizuho upped their price target on shares of Par Pacific from $40.00 to $45.00 and gave the company a “neutral” rating in a report on Tuesday, November 11th. Finally, Piper Sandler raised their price objective on shares of Par Pacific from $44.00 to $62.00 and gave the stock an “overweight” rating in a report on Friday, November 14th. Two investment analysts have rated the stock with a Strong Buy rating, six have given a Buy rating and four have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $41.57.

Par Pacific Stock Performance

PARR stock opened at $46.20 on Wednesday. The stock’s 50 day simple moving average is $37.68 and its 200 day simple moving average is $31.08. Par Pacific Holdings, Inc. has a 12-month low of $11.86 and a 12-month high of $48.40. The firm has a market cap of $2.32 billion, a P/E ratio of -164.98 and a beta of 1.74. The company has a current ratio of 1.42, a quick ratio of 0.56 and a debt-to-equity ratio of 0.97.

Par Pacific (NYSE:PARR) last released its quarterly earnings data on Tuesday, November 4th. The company reported $5.95 EPS for the quarter, topping analysts’ consensus estimates of $1.98 by $3.97. The firm had revenue of $2.01 billion during the quarter, compared to the consensus estimate of $1.72 billion. Par Pacific had a negative net margin of 0.25% and a negative return on equity of 1.79%. The firm’s revenue was down 6.1% on a year-over-year basis. During the same quarter in the previous year, the company posted ($0.10) earnings per share. As a group, equities research analysts predict that Par Pacific Holdings, Inc. will post 0.15 EPS for the current year.

Insider Buying and Selling at Par Pacific

In other Par Pacific news, insider Shawn David Flores sold 8,062 shares of Par Pacific stock in a transaction that occurred on Tuesday, September 2nd. The stock was sold at an average price of $34.50, for a total value of $278,139.00. Following the completion of the transaction, the insider directly owned 39,089 shares in the company, valued at $1,348,570.50. The trade was a 17.10% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Timothy Clossey sold 2,000 shares of the stock in a transaction that occurred on Monday, September 15th. The stock was sold at an average price of $33.37, for a total value of $66,740.00. Following the sale, the director owned 84,000 shares in the company, valued at $2,803,080. The trade was a 2.33% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders have sold 36,638 shares of company stock worth $1,371,866. 4.40% of the stock is owned by company insiders.

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.