14,373 Shares in Par Pacific Holdings, Inc. (NYSE:PARR) Bought by Bank of Montreal Can

Bank of Montreal Can acquired a new position in Par Pacific Holdings, Inc. (NYSE:PARR) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 14,373 shares of the company’s stock, valued at approximately $383,000.

Several other institutional investors also recently modified their holdings of PARR. Pacer Advisors Inc. grew its stake in shares of Par Pacific by 103.3% in the second quarter. Pacer Advisors Inc. now owns 2,035,157 shares of the company’s stock worth $54,156,000 after purchasing an additional 1,034,006 shares during the last quarter. Deutsche Bank AG boosted its position in Par Pacific by 459.9% during the fourth quarter. Deutsche Bank AG now owns 1,258,201 shares of the company’s stock valued at $29,253,000 after acquiring an additional 1,033,480 shares during the last quarter. State Street Corp boosted its position in Par Pacific by 34.2% during the first quarter. State Street Corp now owns 2,787,761 shares of the company’s stock valued at $36,297,000 after acquiring an additional 710,461 shares during the last quarter. Vanguard Group Inc. boosted its position in Par Pacific by 14.3% during the third quarter. Vanguard Group Inc. now owns 4,080,201 shares of the company’s stock valued at $66,956,000 after acquiring an additional 508,925 shares during the last quarter. Finally, Renaissance Technologies LLC boosted its position in Par Pacific by 82.2% during the first quarter. Renaissance Technologies LLC now owns 961,800 shares of the company’s stock valued at $28,085,000 after acquiring an additional 433,800 shares during the last quarter. Institutional investors own 92.83% of the company’s stock.

Par Pacific Price Performance

Shares of NYSE PARR opened at $33.83 on Friday. The company has a current ratio of 1.12, a quick ratio of 0.49 and a debt-to-equity ratio of 0.50. Par Pacific Holdings, Inc. has a 1-year low of $19.39 and a 1-year high of $37.50. The firm has a market capitalization of $2.05 billion, a P/E ratio of 3.94 and a beta of 2.04. The firm’s 50-day moving average price is $33.49 and its 200-day moving average price is $29.80.

Wall Street Analyst Weigh In

A number of analysts have commented on PARR shares. The Goldman Sachs Group upped their price target on shares of Par Pacific from $31.00 to $35.00 and gave the company a “neutral” rating in a research report on Friday, September 1st. Piper Sandler upped their price objective on shares of Par Pacific from $36.00 to $46.00 and gave the company an “overweight” rating in a report on Friday, August 11th. StockNews.com assumed coverage on shares of Par Pacific in a report on Thursday, October 5th. They set a “hold” rating on the stock. Finally, UBS Group dropped their price objective on shares of Par Pacific from $38.00 to $37.00 and set a “neutral” rating on the stock in a report on Monday, November 13th. Four analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $36.00.

Par Pacific Profile

Par Pacific Holdings, Inc owns and operates energy and infrastructure businesses. The company operates through three segments: Refining, Retail, and Logistics. The Refining segment owns and operates three refineries that produces ultra-low sulfur diesel, gasoline, jet fuel, marine fuel, distillate, asphalt, low sulfur fuel oil, and other associated refined products primarily for consumption in Hawaii, Pacific Northwest, Wyoming, and South Dakota.