2 weeks Ago By Defense World Staff
Alliancebernstein L.P. decreased its position in Par Pacific Holdings, Inc.
( NYSE:PARR – Free Report ) by 54.3% in the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 59,334 shares of the company’s stock after selling 70,510 shares during the period.
Alliancebernstein L.P. owned about 0.
11% of Par Pacific worth $972,000 at the end of the most recent reporting period. Several other institutional investors and hedge funds have also recently added to or reduced their stakes in PARR. Charles Schwab Investment Management Inc.
boosted its holdings in shares of Par Pacific by 22.6% during the fourth quarter. Charles Schwab Investment Management Inc.
now owns 909,220 shares of the company’s stock worth $14,902,000 after purchasing an additional 167,594 shares during the period. Sanctuary Advisors LLC lifted its position in Par Pacific by 126.2% in the 4th quarter.
Sanctuary Advisors LLC now owns 49,256 shares of the company’s stock worth $843,000 after buying an additional 27,480 shares in the last quarter. Barclays PLC boosted its stake in shares of Par Pacific by 10.1% during the 3rd quarter.
Barclays PLC now owns 469,640 shares of the company’s stock valued at $8,265,000 after buying an additional 42,930 shares during the period. Yorktown Management & Research Co Inc purchased a new position in shares of Par Pacific during the 4th quarter valued at $415,000. Finally, Empowered Funds LLC raised its holdings in shares of Par Pacific by 5.
1% during the fourth quarter. Empowered Funds LLC now owns 313,768 shares of the company’s stock worth $5,143,000 after acquiring an additional 15,240 shares in the last quarter. 92.
15% of the stock is currently owned by hedge funds and other institutional investors. Analyst Ratings Changes Several brokerages have weighed in on PARR. StockNews.
com lowered Par Pacific from a “hold” rating to a “sell” rating in a research report on Friday, February 28th. Raymond James initiated coverage on shares of Par Pacific in a report on Friday, January 24th. They set an “outperform” rating and a $25.
00 price target on the stock. The Goldman Sachs Group upgraded shares of Par Pacific from a “neutral” rating to a “buy” rating and upped their price objective for the stock from $18.00 to $19.
00 in a report on Thursday, March 27th. TD Cowen decreased their price target on Par Pacific from $21.00 to $17.
00 and set a “buy” rating for the company in a research note on Thursday, February 27th. Finally, JPMorgan Chase & Co. cut their price objective on Par Pacific from $27.
00 to $26.00 and set an “overweight” rating on the stock in a research note on Thursday, January 16th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and five have issued a buy rating to the company’s stock.
According to MarketBeat, Par Pacific has a consensus rating of “Hold” and a consensus price target of $20.68. Par Pacific Trading Up 4.
8 % Shares of Par Pacific stock opened at $13.17 on Friday. The company has a market cap of $716.
02 million, a price-to-earnings ratio of 2.55 and a beta of 1.64.
Par Pacific Holdings, Inc. has a 1 year low of $11.86 and a 1 year high of $33.
08. The company’s fifty day simple moving average is $14.07 and its 200-day simple moving average is $15.
98. The company has a current ratio of 1.69, a quick ratio of 0.
66 and a debt-to-equity ratio of 0.84. Par Pacific ( NYSE:PARR – Get Free Report ) last posted its quarterly earnings data on Tuesday, February 25th.
The company reported ($0.79) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.15) by ($0.
64). Par Pacific had a return on equity of 10.06% and a net margin of 3.
74%. The company had revenue of $1.83 billion for the quarter, compared to the consensus estimate of $1.
68 billion. As a group, sell-side analysts expect that Par Pacific Holdings, Inc. will post 0.
15 EPS for the current year. Par Pacific Company Profile ( Free Report ) 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. Featured Stories Five stocks we like better than Par Pacific Dividend King Proctor & Gamble Is A Buy On Post-Earnings Weakness J.B.
Hunt Transport Overcorrects Into a Buying Opportunity Compound Interest and Why It Matters When Investing AppLovin: Can Record Profits Overcome Market Skepticism? Earnings Per Share Calculator: How to Calculate EPS MarketBeat Week in Review – 04/14 – 04/18 Want to see what other hedge funds are holding PARR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Par Pacific Holdings, Inc. ( NYSE:PARR – Free Report ).
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