New York State Teachers Retirement System Buys 3,522 Shares of Par Pacific Holdings, Inc. (NYSE:PARR)

New York State Teachers Retirement System lifted its stake in shares of Par Pacific Holdings, Inc. (NYSE:PARR) by 3.8% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 95,548 shares of the company’s stock after acquiring an additional 3,522 shares during the quarter. New York State Teachers Retirement System’s holdings in Par Pacific were worth $3,475,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently made changes to their positions in the stock. Deutsche Bank AG increased its holdings in Par Pacific by 459.9% in the fourth quarter. Deutsche Bank AG now owns 1,258,201 shares of the company’s stock worth $29,253,000 after purchasing an additional 1,033,480 shares in the last quarter. State Street Corp increased its holdings in Par Pacific by 34.2% in the first quarter. State Street Corp now owns 2,787,761 shares of the company’s stock worth $36,297,000 after purchasing an additional 710,461 shares in the last quarter. Vanguard Group Inc. increased its holdings in Par Pacific by 14.3% in the third quarter. Vanguard Group Inc. now owns 4,080,201 shares of the company’s stock worth $66,956,000 after purchasing an additional 508,925 shares in the last quarter. BlackRock Inc. increased its holdings in Par Pacific by 6.5% in the second quarter. BlackRock Inc. now owns 7,987,426 shares of the company’s stock worth $212,545,000 after purchasing an additional 488,246 shares in the last quarter. Finally, Renaissance Technologies LLC increased its holdings in Par Pacific by 82.2% in the first quarter. Renaissance Technologies LLC now owns 961,800 shares of the company’s stock worth $28,085,000 after purchasing an additional 433,800 shares in the last quarter. 92.15% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

PARR has been the subject of a number of research analyst reports. Piper Sandler lifted their target price on Par Pacific from $43.00 to $47.00 and gave the stock an “overweight” rating in a report on Friday, April 5th. StockNews.com downgraded Par Pacific from a “buy” rating to a “hold” rating in a report on Monday, March 4th. Three equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $36.75.

Par Pacific Trading Down 1.3 %

NYSE PARR opened at $34.53 on Monday. The company has a market cap of $2.05 billion, a price-to-earnings ratio of 2.89 and a beta of 1.95. Par Pacific Holdings, Inc. has a 52 week low of $20.30 and a 52 week high of $40.69. The business has a 50 day moving average price of $37.66 and a 200-day moving average price of $35.39. The company has a quick ratio of 0.54, a current ratio of 1.30 and a debt-to-equity ratio of 0.49.

Par Pacific (NYSE:PARR) last released its quarterly earnings data on Tuesday, February 27th. The company reported $1.08 EPS for the quarter, missing the consensus estimate of $1.11 by ($0.03). The firm had revenue of $2.18 billion for the quarter, compared to the consensus estimate of $2.45 billion. Par Pacific had a net margin of 8.85% and a return on equity of 47.63%. As a group, equities analysts expect that Par Pacific Holdings, Inc. will post 5.08 earnings per share for the current fiscal year.

Insider Activity

In related news, CAO Ivan Daniel Guerra sold 6,000 shares of Par Pacific stock in a transaction that occurred on Wednesday, March 13th. The stock was sold at an average price of $37.49, for a total transaction of $224,940.00. Following the transaction, the chief accounting officer now owns 16,200 shares of the company’s stock, valued at $607,338. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. In related news, insider Jeffrey Ryan Hollis sold 4,700 shares of Par Pacific stock in a transaction that occurred on Wednesday, March 13th. The stock was sold at an average price of $37.39, for a total transaction of $175,733.00. Following the transaction, the insider now owns 13,176 shares of the company’s stock, valued at $492,650.64. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CAO Ivan Daniel Guerra sold 6,000 shares of Par Pacific stock in a transaction that occurred on Wednesday, March 13th. The shares were sold at an average price of $37.49, for a total value of $224,940.00. Following the transaction, the chief accounting officer now directly owns 16,200 shares in the company, valued at approximately $607,338. The disclosure for this sale can be found here. Corporate insiders own 4.40% of the company’s stock.

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.