Wells Fargo & Company MN Purchases 6,238 Shares of Par Pacific Holdings, Inc. (NYSE:PARR)

Wells Fargo & Company MN grew its position in Par Pacific Holdings, Inc. (NYSE:PARR) by 22.6% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 33,855 shares of the company’s stock after acquiring an additional 6,238 shares during the quarter. Wells Fargo & Company MN owned about 0.06% of Par Pacific worth $555,000 at the end of the most recent reporting period.

Other hedge funds also recently added to or reduced their stakes in the company. Charles Schwab Investment Management Inc. grew its holdings in shares of Par Pacific by 22.6% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 909,220 shares of the company’s stock worth $14,902,000 after purchasing an additional 167,594 shares during the last quarter. Barclays PLC increased its position in shares of Par Pacific by 10.1% during the third quarter. Barclays PLC now owns 469,640 shares of the company’s stock worth $8,265,000 after acquiring an additional 42,930 shares during the period. Empowered Funds LLC raised its stake in shares of Par Pacific by 5.1% during the fourth quarter. Empowered Funds LLC now owns 313,768 shares of the company’s stock valued at $5,143,000 after acquiring an additional 15,240 shares in the last quarter. Principal Financial Group Inc. grew its stake in Par Pacific by 2.2% in the fourth quarter. Principal Financial Group Inc. now owns 271,242 shares of the company’s stock worth $4,446,000 after purchasing an additional 5,710 shares in the last quarter. Finally, Trexquant Investment LP increased its holdings in Par Pacific by 56.8% during the 4th quarter. Trexquant Investment LP now owns 198,882 shares of the company’s stock worth $3,260,000 after purchasing an additional 72,067 shares during the period. 92.15% of the stock is currently owned by institutional investors.

Par Pacific Price Performance

Shares of PARR opened at $14.38 on Friday. The company’s fifty day moving average price is $13.77 and its 200-day moving average price is $15.73. Par Pacific Holdings, Inc. has a 1-year low of $11.86 and a 1-year high of $31.38. The company has a debt-to-equity ratio of 0.84, a current ratio of 1.69 and a quick ratio of 0.66. The firm has a market capitalization of $781.57 million, a PE ratio of 2.79 and a beta of 1.64.

Par Pacific (NYSE:PARR) last issued its quarterly earnings results on Tuesday, February 25th. The company reported ($0.79) earnings per share for the quarter, missing the consensus estimate of ($0.15) by ($0.64). Par Pacific had a return on equity of 10.06% and a net margin of 3.74%. The business had revenue of $1.83 billion during the quarter, compared to analyst estimates of $1.68 billion. On average, equities research analysts predict that Par Pacific Holdings, Inc. will post 0.15 EPS for the current year.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on PARR shares. UBS Group cut their price target on Par Pacific from $20.00 to $14.75 and set a “neutral” rating on the stock in a research note on Wednesday, April 16th. Raymond James initiated coverage on shares of Par Pacific in a research note on Friday, January 24th. They set an “outperform” rating and a $25.00 price objective on the stock. The Goldman Sachs Group raised shares of Par Pacific from a “neutral” rating to a “buy” rating and boosted their price objective for the stock from $18.00 to $19.00 in a research note on Thursday, March 27th. Piper Sandler cut their price target on Par Pacific from $25.00 to $21.00 and set an “overweight” rating on the stock in a report on Friday, March 7th. Finally, StockNews.com downgraded shares of Par Pacific from a “hold” rating to a “sell” rating in a report on Friday, February 28th. One research analyst has rated the stock with a sell rating, four have given a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Hold” and an average target price of $20.68.

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.