Capstone Investment Advisors LLC Invests $424,000 in Par Pacific Holdings, Inc. (NYSE:PARR)

Capstone Investment Advisors LLC purchased a new stake in shares of Par Pacific Holdings, Inc. (NYSE:PARRFree Report) during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 11,448 shares of the company’s stock, valued at approximately $424,000.

Several other institutional investors and hedge funds also recently made changes to their positions in PARR. McGlone Suttner Wealth Management Inc. purchased a new stake in Par Pacific during the 4th quarter valued at $30,000. Quadrant Capital Group LLC increased its holdings in Par Pacific by 91.4% in the 4th 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. Navellier & Associates Inc. purchased a new position in Par Pacific in the 4th quarter worth about $221,000. Range Financial Group LLC lifted its stake in Par Pacific by 9.8% during the 1st quarter. Range Financial Group LLC now owns 6,817 shares of the company’s stock valued at $253,000 after acquiring an additional 608 shares during the period. Finally, PNC Financial Services Group Inc. lifted its stake 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 during the period. Institutional investors own 92.15% of the company’s stock.

Analyst Upgrades and Downgrades

PARR has been the subject of several research reports. TD Cowen decreased their price objective on shares of Par Pacific from $42.00 to $36.00 and set a “buy” rating for the company in a report on Tuesday, June 25th. JPMorgan Chase & Co. decreased their target price on shares of Par Pacific from $38.00 to $36.00 and set a “neutral” rating for the company in a research note on Tuesday, July 2nd. Finally, Piper Sandler dropped their price target on Par Pacific from $43.00 to $37.00 and set an “overweight” rating on the stock in a research note on Friday, June 14th. Four investment analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $36.20.

Get Our Latest Stock Report on Par Pacific

Par Pacific Stock Down 0.9 %

PARR opened at $24.39 on Tuesday. Par Pacific Holdings, Inc. has a 1-year low of $23.78 and a 1-year high of $40.69. The firm’s 50 day simple moving average is $26.74 and its two-hundred day simple moving average is $32.88. The company has a current ratio of 1.28, a quick ratio of 0.50 and a debt-to-equity ratio of 0.49. The company has a market capitalization of $1.41 billion, a PE ratio of 3.05 and a beta of 2.01.

Par Pacific (NYSE:PARRGet Free Report) last announced its quarterly earnings results on Monday, May 6th. The company reported $0.69 EPS 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 business had revenue of $1.98 billion during the quarter, compared to the consensus estimate of $2.12 billion. As a group, equities analysts forecast that Par Pacific Holdings, Inc. will post 2.92 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

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

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