Par Pacific Holdings, Inc. (NYSE:PARR) Stock Holdings Lifted by Barclays PLC

Barclays PLC grew its position in Par Pacific Holdings, Inc. (NYSE:PARR) by 10.1% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 469,640 shares of the company’s stock after buying an additional 42,930 shares during the quarter. Barclays PLC owned approximately 0.84% of Par Pacific worth $8,265,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. SummerHaven Investment Management LLC boosted its position in Par Pacific by 2.0% during the 2nd quarter. SummerHaven Investment Management LLC now owns 28,537 shares of the company’s stock worth $721,000 after acquiring an additional 563 shares during the period. Bank of New York Mellon Corp grew its position in Par Pacific by 0.9% during the second quarter. Bank of New York Mellon Corp now owns 518,708 shares of the company’s stock valued at $13,097,000 after purchasing an additional 4,877 shares in the last quarter. Allspring Global Investments Holdings LLC increased its stake in Par Pacific by 113.1% in the 2nd quarter. Allspring Global Investments Holdings LLC now owns 20,896 shares of the company’s stock valued at $528,000 after buying an additional 11,092 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank lifted its position in Par Pacific by 8.5% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 14,462 shares of the company’s stock worth $363,000 after buying an additional 1,139 shares in the last quarter. Finally, Innealta Capital LLC acquired a new stake in shares of Par Pacific during the 2nd quarter valued at $104,000. Institutional investors and hedge funds own 92.15% of the company’s stock.

Par Pacific Stock Up 4.0 %

PARR opened at $16.00 on Wednesday. Par Pacific Holdings, Inc. has a twelve month low of $14.84 and a twelve month high of $40.69. 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 business has a 50 day moving average price of $16.89 and a 200 day moving average price of $20.63. The firm has a market cap of $895.23 million, a P/E ratio of 3.10 and a beta of 1.99.

Par Pacific (NYSE:PARR) last posted its quarterly earnings data on Monday, November 4th. The company reported ($0.10) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.12) by $0.02. The business had revenue of $2.14 billion during the quarter, compared to the consensus estimate of $1.88 billion. Par Pacific had a net margin of 3.74% and a return on equity of 10.06%. Par Pacific’s quarterly revenue was down 16.9% compared to the same quarter last year. During the same period in the prior year, the firm earned $3.15 EPS. Research analysts forecast that Par Pacific Holdings, Inc. will post 1.12 EPS for the current year.

Insider Activity

In other news, Director William Pate sold 67,700 shares of the firm’s stock in a transaction on Thursday, December 12th. The shares were sold at an average price of $16.22, for a total value of $1,098,094.00. Following the sale, the director now owns 524,610 shares in the company, valued at approximately $8,509,174.20. This trade represents a 11.43 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 4.40% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on PARR shares. The Goldman Sachs Group dropped their price target on shares of Par Pacific from $32.00 to $28.00 and set a “neutral” rating on the stock in a research note on Wednesday, October 9th. JPMorgan Chase & Co. raised Par Pacific from a “neutral” rating to an “overweight” rating and cut their price target for the stock from $36.00 to $30.00 in a research note on Wednesday, October 2nd. Tudor, Pickering, Holt & Co. cut Par Pacific from a “buy” rating to a “hold” rating in a research note on Monday, September 9th. Tudor Pickering raised shares of Par Pacific to a “hold” rating in a research report on Monday, September 9th. Finally, StockNews.com raised shares of Par Pacific from a “sell” rating to a “hold” rating in a research report on Thursday, November 14th. Seven research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $27.33.

About Par Pacific

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.