Walleye Capital LLC Has $4.82 Million Stock Position in Par Pacific Holdings, Inc. (NYSE:PARR)

Walleye Capital LLC increased its position in shares of Par Pacific Holdings, Inc. (NYSE:PARR) by 1,014.3% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 273,868 shares of the company’s stock after purchasing an additional 249,290 shares during the quarter. Walleye Capital LLC’s holdings in Par Pacific were worth $4,820,000 at the end of the most recent quarter.

A number of other hedge funds have also made changes to their positions in the company. SummerHaven Investment Management LLC increased its position in shares of 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 purchasing an additional 563 shares in the last quarter. Simplicity Wealth LLC increased its position in shares of Par Pacific by 5.1% during the 2nd quarter. Simplicity Wealth LLC now owns 13,949 shares of the company’s stock worth $352,000 after purchasing an additional 677 shares in the last quarter. Linden Thomas Advisory Services LLC increased its position in shares of Par Pacific by 1.6% during the 2nd quarter. Linden Thomas Advisory Services LLC now owns 43,892 shares of the company’s stock worth $1,108,000 after purchasing an additional 703 shares in the last quarter. Headlands Technologies LLC increased its position in shares of Par Pacific by 215.1% during the 2nd quarter. Headlands Technologies LLC now owns 1,166 shares of the company’s stock worth $29,000 after purchasing an additional 796 shares in the last quarter. Finally, State of Alaska Department of Revenue increased its position in shares of Par Pacific by 2.6% during the 3rd quarter. State of Alaska Department of Revenue now owns 32,145 shares of the company’s stock worth $565,000 after purchasing an additional 810 shares in the last quarter. Institutional investors and hedge funds own 92.15% of the company’s stock.

Analyst Ratings Changes

A number of brokerages recently issued reports on PARR. Piper Sandler cut shares of Par Pacific from an “overweight” rating to a “neutral” rating and dropped their target price for the stock from $37.00 to $23.00 in a research report on Friday, September 20th. JPMorgan Chase & Co. upgraded shares of Par Pacific from a “neutral” rating to an “overweight” rating and lowered their price objective for the company from $36.00 to $30.00 in a research report on Wednesday, October 2nd. Tudor Pickering upgraded shares of Par Pacific to a “hold” rating in a research report on Monday, September 9th. TD Cowen lowered their price objective on shares of Par Pacific from $36.00 to $32.00 and set a “buy” rating for the company in a research report on Friday, August 9th. Finally, The Goldman Sachs Group lowered their price objective on shares of Par Pacific from $32.00 to $28.00 and set a “neutral” rating for the company in a research report on Wednesday, October 9th. Six investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $28.00.

Par Pacific Stock Up 0.2 %

Shares of NYSE PARR opened at $17.43 on Monday. The firm has a market capitalization of $975.24 million, a PE ratio of 3.38 and a beta of 1.99. 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 Holdings, Inc. has a 1 year low of $14.84 and a 1 year high of $40.69. The firm’s 50-day moving average is $17.30 and its 200-day moving average is $21.58.

Par Pacific (NYSE:PARR) last issued its earnings results on Monday, November 4th. The company reported ($0.10) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.12) by $0.02. The company had revenue of $2.14 billion for the quarter, compared to analyst estimates of $1.88 billion. Par Pacific had a net margin of 3.74% and a return on equity of 10.06%. The company’s revenue for the quarter was down 16.9% on a year-over-year basis. During the same quarter last year, the firm earned $3.15 EPS. Equities analysts expect that Par Pacific Holdings, Inc. will post 0.95 EPS for the current year.

Par Pacific Company Profile

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.