Insider Buying: Par Pacific Holdings, Inc. (NYSE:PARR) Director Purchases 10,000 Shares of Stock

Par Pacific Holdings, Inc. (NYSE:PARR) Director Melvyn N. Klein purchased 10,000 shares of the stock in a transaction dated Friday, November 19th. The stock was acquired at an average cost of $13.51 per share, for a total transaction of $135,100.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

NYSE PARR opened at $14.14 on Thursday. The company has a current ratio of 0.81, a quick ratio of 0.32 and a debt-to-equity ratio of 2.22. The stock’s 50 day moving average is $15.38 and its two-hundred day moving average is $15.34. The company has a market capitalization of $851.10 million, a price-to-earnings ratio of -3.46 and a beta of 2.53. Par Pacific Holdings, Inc. has a 1-year low of $11.33 and a 1-year high of $20.18.

Par Pacific (NYSE:PARR) last released its quarterly earnings data on Wednesday, November 3rd. The company reported $0.76 earnings per share for the quarter, beating analysts’ consensus estimates of $0.53 by $0.23. Par Pacific had a negative return on equity of 68.77% and a negative net margin of 5.36%. During the same quarter in the prior year, the business earned ($1.06) EPS. On average, analysts predict that Par Pacific Holdings, Inc. will post -1.38 earnings per share for the current year.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. US Bancorp DE boosted its holdings in Par Pacific by 253.9% during the second quarter. US Bancorp DE now owns 3,691 shares of the company’s stock valued at $62,000 after purchasing an additional 2,648 shares in the last quarter. Mutual of America Capital Management LLC raised its stake in shares of Par Pacific by 18.6% in the second quarter. Mutual of America Capital Management LLC now owns 6,332 shares of the company’s stock valued at $107,000 after acquiring an additional 994 shares during the last quarter. Virtu Financial LLC bought a new position in shares of Par Pacific in the first quarter valued at approximately $142,000. Man Group plc bought a new position in shares of Par Pacific in the first quarter valued at approximately $152,000. Finally, Dynamic Technology Lab Private Ltd bought a new position in shares of Par Pacific in the third quarter valued at approximately $184,000. 93.82% of the stock is currently owned by institutional investors.

Several equities research analysts have recently issued reports on the company. Piper Sandler raised their price target on Par Pacific from $14.00 to $17.00 and gave the company a “neutral” rating in a research report on Thursday, September 16th. Zacks Investment Research raised Par Pacific from a “sell” rating to a “hold” rating in a research report on Wednesday, August 25th. Finally, Royal Bank of Canada reissued a “hold” rating and set a $16.00 target price on shares of Par Pacific in a research report on Friday, October 8th. Five research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Par Pacific currently has a consensus rating of “Hold” and an average target price of $17.58.

Par Pacific Company Profile

Par Pacific Holdings, Inc engages in the operation of energy and infrastructure businesses. It operates through the following segments: Refining, Retail, Logistics, and Other. The Refining segment produces ultra-low sulfur diesel, gasoline, jet fuel, marine fuel, low sulfur fuel oil, and other associated refined products.

Further Reading: Balance Sheet

Insider Buying and Selling by Quarter for Par Pacific (NYSE:PARR)

Receive News & Ratings for Par Pacific Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Par Pacific and related companies with MarketBeat.com's FREE daily email newsletter.