2 weeks Ago By Defense World Staff
Cerity Partners LLC raised its position in Par Pacific Holdings, Inc. (NYSE:PARR – Free Report) by 35.1% during the fourth quarter, according to the company in its most recent disclosure with the SEC.
The firm owned 14,036 shares of the company’s stock after acquiring an additional 3,644 shares during the quarter. Cerity Partners LLC’s holdings in Par Pacific were worth $239,000 at the end of the most recent quarter. Several other institutional investors and hedge funds have also bought and sold shares of PARR.
GAMMA Investing LLC lifted its stake in shares of Par Pacific by 232.5% in the 4th quarter. GAMMA Investing LLC now owns 1,669 shares of the company’s stock worth $27,000 after purchasing an additional 1,167 shares during the period.
US Bancorp DE boosted its stake in shares of Par Pacific by 55.7% during the 4th quarter. US Bancorp DE now owns 1,823 shares of the company’s stock worth $30,000 after acquiring an additional 652 shares during the last quarter.
Nisa Investment Advisors LLC boosted its stake in shares of Par Pacific by 37.7% during the 4th quarter. Nisa Investment Advisors LLC now owns 2,557 shares of the company’s stock worth $42,000 after acquiring an additional 700 shares during the last quarter.
Quadrant Capital Group LLC grew its position in shares of Par Pacific by 123.1% during the 4th quarter. Quadrant Capital Group LLC now owns 3,233 shares of the company’s stock valued at $53,000 after acquiring an additional 1,784 shares during the period.
Finally, Allworth Financial LP increased its stake in shares of Par Pacific by 4,804.2% in the 4th quarter. Allworth Financial LP now owns 8,141 shares of the company’s stock worth $139,000 after purchasing an additional 7,975 shares in the last quarter.
92.15% of the stock is owned by hedge funds and other institutional investors. Par Pacific Stock PerformanceShares of NYSE PARR opened at $14.
55 on Friday. The company has a market cap of $790.54 million, a P/E ratio of 2.
82 and a beta of 1.64. Par Pacific Holdings, Inc.
has a 52-week low of $11.86 and a 52-week high of $32.74.
The company has a debt-to-equity ratio of 0.84, a quick ratio of 0.66 and a current ratio of 1.
69. The firm’s fifty day moving average is $13.93 and its two-hundred day moving average is $15.
86. Par Pacific (NYSE:PARR – Get Free Report) last posted its earnings results on Tuesday, February 25th. The company reported ($0.
79) EPS for the quarter, missing analysts’ consensus estimates of ($0.15) by ($0.64).
The firm had revenue of $1.83 billion during the quarter, compared to analysts’ expectations 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 EPS for the current fiscal year.
Analyst Upgrades and DowngradesPARR has been the subject of several recent research reports. StockNews.com lowered Par Pacific from a “hold” rating to a “sell” rating in a report on Friday, February 28th.
Piper Sandler cut their price objective on Par Pacific from $25.00 to $21.00 and set an “overweight” rating for the company in a research note on Friday, March 7th.
TD Cowen decreased their target price on shares of Par Pacific from $21.00 to $17.00 and set a “buy” rating on the stock in a research note on Thursday, February 27th.
UBS Group dropped their price target on shares of Par Pacific from $20.00 to $14.75 and set a “neutral” rating for the company in a research report on Wednesday, April 16th.
Finally, JPMorgan Chase & Co. reduced their price objective on shares of Par Pacific from $27.00 to $26.
00 and set an “overweight” rating for the company in a research note on Thursday, January 16th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat.
com, the stock presently has a consensus rating of “Hold” and a consensus target price of $20.68.Read Our Latest Report on Par PacificPar 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.Read MoreFive stocks we like better than Par PacificHow to Buy Cheap Stocks Step by Step2 Strong Utilities Plays With Booming Earnings and Room to GrowWhat Makes a Stock a Good Dividend Stock?Why Smart Investors Don’t Panic in Election SeasonHow to Know if a Stock Pays Dividends and When They Are Paid OutNow Is the Time to Buy ServiceNow—The Rebound Is RealWant to see what other hedge funds are holding PARR? Visit HoldingsChannel.
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