Mirae Asset Global Investments Co. Ltd. Grows Stock Position in Par Pacific Holdings, Inc. (NYSE:PARR)

Mirae Asset Global Investments Co. Ltd. increased its position in shares of Par Pacific Holdings, Inc. (NYSE:PARR) by 3.3% during the 4th quarter, Holdings Channel reports. The institutional investor owned 25,185 shares of the company’s stock after purchasing an additional 798 shares during the quarter. Mirae Asset Global Investments Co. Ltd.’s holdings in Par Pacific were worth $916,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in PARR. New York State Teachers Retirement System raised its position in Par Pacific by 3.8% in the fourth quarter. New York State Teachers Retirement System now owns 95,548 shares of the company’s stock valued at $3,475,000 after purchasing an additional 3,522 shares during the period. AlphaMark Advisors LLC purchased a new stake in Par Pacific in the fourth quarter valued at approximately $271,000. McGlone Suttner Wealth Management Inc. purchased a new stake in Par Pacific in the fourth quarter valued at approximately $30,000. Exchange Traded Concepts LLC raised its position in Par Pacific by 1.5% in the fourth quarter. Exchange Traded Concepts LLC now owns 24,168 shares of the company’s stock valued at $879,000 after purchasing an additional 348 shares during the period. Finally, Public Employees Retirement System of Ohio raised its position in Par Pacific by 5,017.3% in the third quarter. Public Employees Retirement System of Ohio now owns 39,454 shares of the company’s stock valued at $1,418,000 after purchasing an additional 38,683 shares during the period. Hedge funds and other institutional investors own 92.15% of the company’s stock.

Par Pacific Stock Up 1.5 %

Par Pacific stock opened at $32.75 on Wednesday. Par Pacific Holdings, Inc. has a twelve month low of $20.30 and a twelve month high of $40.69. The stock’s fifty day simple moving average is $36.79 and its 200-day simple moving average is $35.29. The company has a current ratio of 1.30, a quick ratio of 0.54 and a debt-to-equity ratio of 0.49. The firm has a market capitalization of $1.94 billion, a P/E ratio of 2.74 and a beta of 1.96.

Par Pacific (NYSE:PARR) last posted its quarterly earnings data on Tuesday, February 27th. The company reported $1.08 earnings per share for the quarter, missing analysts’ consensus estimates of $1.11 by ($0.03). Par Pacific had a return on equity of 47.63% and a net margin of 8.85%. The company had revenue of $2.18 billion for the quarter, compared to analysts’ expectations of $2.45 billion. As a group, equities analysts expect that Par Pacific Holdings, Inc. will post 4.56 earnings per share for the current fiscal year.

Analysts Set New Price Targets

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

Insider Transactions at Par Pacific

In other news, CAO Ivan Daniel Guerra sold 6,000 shares of the company’s stock in a transaction 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 sale, the chief accounting officer now owns 16,200 shares of the company’s stock, valued at $607,338. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, insider Jeffrey Ryan Hollis sold 4,700 shares of the business’s stock in a transaction on Wednesday, March 13th. The shares were sold at an average price of $37.39, for a total transaction of $175,733.00. Following the completion of the transaction, the insider now owns 13,176 shares in the company, valued at $492,650.64. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CAO Ivan Daniel Guerra sold 6,000 shares of the business’s stock in a transaction 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 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.