Quadrant Capital Group LLC Buys 458 Shares of Par Pacific Holdings, Inc. (NYSE:PARR)

Quadrant Capital Group LLC lifted its stake in Par Pacific Holdings, Inc. (NYSE:PARRFree Report) by 91.4% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 959 shares of the company’s stock after buying an additional 458 shares during the period. Quadrant Capital Group LLC’s holdings in Par Pacific were worth $35,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in PARR. McGlone Suttner Wealth Management Inc. acquired a new stake in Par Pacific during the fourth quarter valued at approximately $30,000. Quantbot Technologies LP bought a new stake in Par Pacific in the third quarter valued at $40,000. AlphaMark Advisors LLC bought a new stake in Par Pacific in the fourth quarter valued at $271,000. Counterpoint Mutual Funds LLC raised its stake in Par Pacific by 7.1% during the fourth quarter. Counterpoint Mutual Funds LLC now owns 7,783 shares of the company’s stock worth $283,000 after acquiring an additional 518 shares in the last quarter. Finally, MQS Management LLC bought a new position in shares of Par Pacific during the third quarter valued at $297,000. 92.15% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research firms have commented on PARR. Piper Sandler reduced their price target on shares of Par Pacific from $47.00 to $43.00 and set an “overweight” rating on the stock in a research report on Tuesday, May 14th. StockNews.com lowered Par Pacific from a “buy” rating to a “hold” rating in a research report on Monday, March 4th. Finally, TD Cowen dropped 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, May 8th. Three equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. According to data from MarketBeat, Par Pacific has a consensus rating of “Hold” and an average price target of $39.25.

View Our Latest Stock Report on PARR

Insider Activity

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 value of $175,733.00. Following the sale, the insider now directly owns 13,176 shares of the company’s stock, valued at approximately $492,650.64. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In other Par Pacific news, CAO Ivan Daniel Guerra sold 6,000 shares of the company’s 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 completion of the transaction, the chief accounting officer now owns 16,200 shares of the company’s stock, valued at approximately $607,338. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider Jeffrey Ryan Hollis sold 4,700 shares of Par Pacific stock in a transaction that occurred 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 sale, the insider now owns 13,176 shares in the company, valued at $492,650.64. The disclosure for this sale can be found here. Corporate insiders own 4.40% of the company’s stock.

Par Pacific Stock Down 0.3 %

Shares of Par Pacific stock opened at $27.20 on Wednesday. The business has a fifty day simple moving average of $32.75 and a 200 day simple moving average of $34.75. The stock has a market cap of $1.58 billion, a PE ratio of 3.40 and a beta of 1.98. The company has a quick ratio of 0.50, a current ratio of 1.28 and a debt-to-equity ratio of 0.49. Par Pacific Holdings, Inc. has a 12 month low of $20.81 and a 12 month high of $40.69.

Par Pacific (NYSE:PARRGet Free Report) last announced its quarterly earnings results on Monday, May 6th. The company reported $0.69 earnings per share for the quarter, missing analysts’ consensus estimates of $0.75 by ($0.06). Par Pacific had a net margin of 5.71% and a return on equity of 35.02%. The firm had revenue of $1.98 billion during the quarter, compared to analyst estimates of $2.12 billion. Research analysts predict that Par Pacific Holdings, Inc. will post 3.71 EPS for the current year.

Par Pacific Profile

(Free Report)

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.

See Also

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Institutional Ownership by Quarter for Par Pacific (NYSE:PARR)

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