Par Pacific Holdings, Inc. (NYSE:PARR) Shares Bought by Trexquant Investment LP

Trexquant Investment LP lifted its stake in shares of Par Pacific Holdings, Inc. (NYSE:PARR) by 56.8% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 198,882 shares of the company’s stock after purchasing an additional 72,067 shares during the quarter. Trexquant Investment LP owned about 0.36% of Par Pacific worth $3,260,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in the stock. State Street Corp increased its holdings in Par Pacific by 10.5% in the third quarter. State Street Corp now owns 3,461,282 shares of the company’s stock valued at $60,919,000 after buying an additional 328,325 shares in the last quarter. Charles Schwab Investment Management Inc. grew its holdings in shares of Par Pacific by 22.6% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 909,220 shares of the company’s stock worth $14,902,000 after acquiring an additional 167,594 shares during the period. Norges Bank purchased a new position in Par Pacific in the 4th quarter valued at approximately $2,573,000. Weiss Asset Management LP acquired a new position in Par Pacific during the third quarter worth $2,636,000. Finally, Viking Fund Management LLC purchased a new stake in Par Pacific during the fourth quarter worth $1,229,000. Hedge funds and other institutional investors own 92.15% of the company’s stock.

Par Pacific Stock Down 2.9 %

PARR stock opened at $12.89 on Monday. The company has a 50 day moving average price of $15.01 and a two-hundred day moving average price of $16.37. 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 stock has a market capitalization of $705.70 million, a P/E ratio of 2.50 and a beta of 1.64. Par Pacific Holdings, Inc. has a one year low of $11.86 and a one year high of $39.55.

Par Pacific (NYSE:PARR) last announced its quarterly earnings data on Tuesday, February 25th. The company reported ($0.79) EPS for the quarter, missing analysts’ consensus estimates of ($0.15) by ($0.64). Par Pacific had a net margin of 3.74% and a return on equity of 10.06%. The business had revenue of $1.83 billion during the quarter, compared to analysts’ expectations of $1.68 billion. As a group, sell-side analysts expect that Par Pacific Holdings, Inc. will post 0.15 EPS for the current year.

Analyst Ratings Changes

PARR has been the subject of a number of research analyst reports. The Goldman Sachs Group upgraded Par Pacific from a “neutral” rating to a “buy” rating and raised their price target for the company from $18.00 to $19.00 in a research report on Thursday, March 27th. Piper Sandler dropped their target price on shares of Par Pacific from $25.00 to $21.00 and set an “overweight” rating for the company in a report on Friday, March 7th. Mizuho downgraded shares of Par Pacific from an “outperform” rating to a “neutral” rating and reduced their price target for the company from $26.00 to $22.00 in a report on Monday, December 16th. JPMorgan Chase & Co. dropped 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. Finally, TD Cowen reduced their target price on Par Pacific from $21.00 to $17.00 and set a “buy” rating on the stock in a research note on Thursday, February 27th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $22.71.

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.