Allianz Asset Management GmbH Purchases 135,730 Shares of Par Pacific Holdings, Inc. (NYSE:PARR)

Allianz Asset Management GmbH boosted its position in shares of Par Pacific Holdings, Inc. (NYSE:PARRFree Report) by 61.3% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 357,255 shares of the company’s stock after purchasing an additional 135,730 shares during the quarter. Allianz Asset Management GmbH owned about 0.59% of Par Pacific worth $12,993,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also bought and sold shares of the company. McGlone Suttner Wealth Management Inc. purchased a new stake in shares of Par Pacific in the 4th quarter worth approximately $30,000. Quadrant Capital Group LLC raised its stake in Par Pacific by 91.4% in the fourth quarter. Quadrant Capital Group LLC now owns 959 shares of the company’s stock worth $35,000 after buying an additional 458 shares in the last quarter. Quantbot Technologies LP purchased a new stake in Par Pacific during the third quarter worth $40,000. Navellier & Associates Inc. bought a new stake in Par Pacific during the 4th quarter valued at $221,000. Finally, PNC Financial Services Group Inc. boosted its position in Par Pacific by 17.4% during the 4th quarter. PNC Financial Services Group Inc. now owns 6,920 shares of the company’s stock valued at $252,000 after acquiring an additional 1,024 shares in the last quarter. 92.15% of the stock is owned by institutional investors.

Par Pacific Stock Up 3.0 %

Par Pacific stock opened at $27.14 on Monday. The business has a fifty day moving average price of $31.99 and a 200-day moving average price of $34.60. Par Pacific Holdings, Inc. has a 1-year low of $20.81 and a 1-year high of $40.69. The stock has a market capitalization of $1.57 billion, a price-to-earnings ratio of 3.40 and a beta of 2.00. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.28 and a quick ratio of 0.50.

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

Insiders Place Their Bets

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

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on PARR shares. Piper Sandler decreased their price objective on Par Pacific from $47.00 to $43.00 and set an “overweight” rating for the company in a research note on Tuesday, May 14th. TD Cowen decreased their price target on shares of Par Pacific from $45.00 to $42.00 and set a “buy” rating for the company in a research report on Wednesday, May 8th. Finally, StockNews.com cut shares of Par Pacific from a “buy” rating to a “hold” rating in a report on Monday, March 4th. Three investment analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat, Par Pacific presently has a consensus rating of “Hold” and an average target price of $39.25.

Read Our Latest Stock Report on PARR

Par Pacific Company 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.

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

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