2 weeks Ago By Defense World Staff
Bank of Montreal Can raised its holdings in shares of Par Pacific Holdings, Inc. ( NYSE:PARR – Free Report ) by 8.9% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission.
The firm owned 16,522 shares of the company’s stock after acquiring an additional 1,351 shares during the quarter. Bank of Montreal Can’s holdings in Par Pacific were worth $271,000 as of its most recent SEC filing. Other large investors have also made changes to their positions in the company.
Charles Schwab Investment Management Inc. grew its position 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 in the last quarter. Norges Bank bought a new position in Par Pacific in the 4th quarter worth approximately $2,573,000.
Rangeley Capital LLC purchased a new stake in Par Pacific during the 4th quarter valued at approximately $2,116,000. ExodusPoint Capital Management LP bought a new stake in shares of Par Pacific during the fourth quarter valued at approximately $1,763,000. Finally, Viking Fund Management LLC purchased a new position in shares of Par Pacific in the fourth quarter worth $1,229,000.
92.15% of the stock is currently owned by hedge funds and other institutional investors. Wall Street Analyst Weigh In A number of analysts have issued reports on the stock.
TD Cowen reduced their price target on shares of Par Pacific from $21.00 to $17.00 and set a “buy” rating on the stock in a report on Thursday, February 27th.
StockNews.com downgraded Par Pacific from a “hold” rating to a “sell” rating in a research report on Friday, February 28th. JPMorgan Chase & Co.
dropped their price target on Par Pacific from $27.00 to $26.00 and set an “overweight” rating for the company in a research note on Thursday, January 16th.
The Goldman Sachs Group raised Par Pacific from a “neutral” rating to a “buy” rating and lifted their price objective for the stock from $18.00 to $19.00 in a research note on Thursday, March 27th.
Finally, Piper Sandler lowered their target price on Par Pacific from $25.00 to $21.00 and set an “overweight” rating for the company in a research report on Friday, March 7th.
One research analyst has rated the stock with a sell rating, four have assigned a hold rating and five have given a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $20.68.
Par Pacific Trading Up 4.0 % PARR stock opened at $14.55 on Friday.
The firm’s fifty day simple moving average is $13.93 and its two-hundred day simple moving average is $15.86.
The stock has a market capitalization of $790.54 million, a price-to-earnings ratio of 2.82 and a beta of 1.
64. The company has a quick ratio of 0.66, a current ratio of 1.
69 and a debt-to-equity ratio of 0.84. Par Pacific Holdings, Inc.
has a twelve month low of $11.86 and a twelve month high of $32.74.
Par Pacific ( NYSE:PARR – Get Free Report ) last announced 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). The firm had revenue of $1.
83 billion during the quarter, compared to the consensus estimate of $1.68 billion. Par Pacific had a return on equity of 10.
06% and a net margin of 3.74%. As a group, analysts anticipate that Par Pacific Holdings, Inc.
will post 0.15 earnings per share 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. See Also Five stocks we like better than Par Pacific Why Understanding Call Option Volume is Essential to Successful Options Trading 2 Strong Utilities Plays With Booming Earnings and Room to Grow What Do S&P 500 Stocks Tell Investors About the Market? Why Smart Investors Don’t Panic in Election Season What Are Earnings Reports? Now Is the Time to Buy ServiceNow—The Rebound Is Real Want to see what other hedge funds are holding PARR? Visit HoldingsChannel.
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