Russell Investments Group Ltd. Decreases Stock Holdings in Par Pacific Holdings, Inc. (NYSE:PARR)

Russell Investments Group Ltd. lowered its holdings in Par Pacific Holdings, Inc. (NYSE:PARR) by 7.0% in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 178,024 shares of the company’s stock after selling 13,304 shares during the period. Russell Investments Group Ltd.’s holdings in Par Pacific were worth $6,475,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of PARR. McGlone Suttner Wealth Management Inc. purchased a new stake in Par Pacific in the 4th quarter valued at $30,000. Quantbot Technologies LP acquired a new stake in Par Pacific in the third quarter valued at about $40,000. CIBC Asset Management Inc acquired a new stake in Par Pacific in the third quarter valued at about $214,000. AlphaMark Advisors LLC purchased a new stake in Par Pacific in the 4th quarter valued at approximately $271,000. Finally, MQS Management LLC acquired a new position in Par Pacific during the 3rd quarter worth approximately $297,000. 92.15% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, insider Jeffrey Ryan Hollis sold 4,700 shares of Par Pacific stock in a transaction 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 directly owns 13,176 shares in the company, valued at approximately $492,650.64. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In other news, CAO Ivan Daniel Guerra sold 6,000 shares of the firm’s stock in a transaction on Wednesday, March 13th. The stock was sold at an average price of $37.49, for a total value of $224,940.00. Following the completion of the sale, 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 is accessible through this link. Also, insider Jeffrey Ryan Hollis sold 4,700 shares of Par Pacific stock in a transaction dated Wednesday, March 13th. The shares were sold at an average price of $37.39, for a total value of $175,733.00. Following the transaction, the insider now directly owns 13,176 shares in the company, valued at approximately $492,650.64. The disclosure for this sale can be found here. 4.40% of the stock is currently owned by insiders.

Par Pacific Trading Down 2.4 %

Shares of PARR stock opened at $29.07 on Thursday. The firm has a market capitalization of $1.73 billion, a PE ratio of 2.44 and a beta of 1.98. The company has a debt-to-equity ratio of 0.49, a quick ratio of 0.54 and a current ratio of 1.30. The stock has a fifty day moving average of $35.16 and a two-hundred day moving average of $35.18. Par Pacific Holdings, Inc. has a 1 year low of $20.30 and a 1 year high of $40.69.

Par Pacific (NYSE:PARR) last issued its quarterly earnings results 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 during the quarter, compared to analyst estimates of $2.45 billion. As a group, research analysts expect that Par Pacific Holdings, Inc. will post 4.56 EPS for the current year.

Analysts Set New Price Targets

Several research firms have recently commented on PARR. TD Cowen reduced their price target on Par Pacific from $45.00 to $42.00 and set a “buy” rating for the company in a report on Wednesday. Piper Sandler raised their target price on shares of Par Pacific from $43.00 to $47.00 and gave the company an “overweight” rating in a research note on Friday, April 5th. Finally, StockNews.com cut shares of 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 stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $40.25.

Par Pacific 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.