Thrivent Financial for Lutherans Reduces Stock Holdings in Par Pacific Holdings, Inc. (NYSE:PARR)

Thrivent Financial for Lutherans reduced its holdings in Par Pacific Holdings, Inc. (NYSE:PARR) by 22.8% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 134,477 shares of the company’s stock after selling 39,605 shares during the period. Thrivent Financial for Lutherans owned about 0.23% of Par Pacific worth $3,396,000 at the end of the most recent quarter.

Several other large investors have also made changes to their positions in the business. Dimensional Fund Advisors LP boosted its holdings in shares of Par Pacific by 0.8% in the 2nd quarter. Dimensional Fund Advisors LP now owns 2,136,956 shares of the company’s stock valued at $53,956,000 after acquiring an additional 17,509 shares during the last quarter. American Century Companies Inc. boosted its holdings in shares of Par Pacific by 13.9% in the 2nd quarter. American Century Companies Inc. now owns 1,435,794 shares of the company’s stock valued at $36,254,000 after acquiring an additional 175,331 shares during the last quarter. Goldman Sachs Group Inc. boosted its holdings in Par Pacific by 28.0% during the fourth quarter. Goldman Sachs Group Inc. now owns 1,227,239 shares of the company’s stock worth $44,635,000 after buying an additional 268,219 shares in the last quarter. Hennessy Advisors Inc. boosted its holdings in Par Pacific by 18.7% during the first quarter. Hennessy Advisors Inc. now owns 853,000 shares of the company’s stock worth $31,612,000 after buying an additional 134,600 shares in the last quarter. Finally, Bridgeway Capital Management LLC boosted its holdings in Par Pacific by 2.6% during the first quarter. Bridgeway Capital Management LLC now owns 647,880 shares of the company’s stock worth $24,010,000 after buying an additional 16,653 shares in the last quarter. 92.15% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on PARR shares. Piper Sandler downgraded shares of Par Pacific from an “overweight” rating to a “neutral” rating and lowered their price target for the stock from $37.00 to $23.00 in a report on Friday, September 20th. TD Cowen lowered their price target on shares of Par Pacific from $36.00 to $32.00 and set a “buy” rating on the stock in a report on Friday, August 9th. Tudor Pickering raised shares of Par Pacific to a “hold” rating in a report on Monday, September 9th. The Goldman Sachs Group lowered their price target on shares of Par Pacific from $37.00 to $32.00 and set a “neutral” rating on the stock in a report on Wednesday, July 31st. Finally, JPMorgan Chase & Co. lowered their price target on shares of Par Pacific from $38.00 to $36.00 and set a “neutral” rating on the stock in a report on Tuesday, July 2nd. Seven analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $30.00.

Par Pacific Trading Up 1.6 %

PARR stock opened at $17.86 on Monday. The company has a current ratio of 1.63, a quick ratio of 0.59 and a debt-to-equity ratio of 0.84. Par Pacific Holdings, Inc. has a 12-month low of $17.06 and a 12-month high of $40.69. The stock has a market cap of $1.01 billion, a price-to-earnings ratio of 2.24 and a beta of 1.99. The business’s 50-day moving average is $21.87 and its 200 day moving average is $26.93.

Par Pacific (NYSE:PARR) last posted its quarterly earnings data on Tuesday, August 6th. The company reported $0.49 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.13 by $0.36. Par Pacific had a return on equity of 26.40% and a net margin of 5.43%. The company had revenue of $2.02 billion for the quarter, compared to analysts’ expectations of $1.82 billion. During the same period in the previous year, the firm posted $1.73 EPS. Par Pacific’s revenue was up 13.1% compared to the same quarter last year. On average, sell-side analysts anticipate that Par Pacific Holdings, Inc. will post 1.7 EPS for the current fiscal year.

About Par Pacific

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.