Par Pacific Holdings, Inc. (NYSE:PARR) Shares Purchased by Northern Trust Corp

Northern Trust Corp boosted its holdings in Par Pacific Holdings, Inc. (NYSE:PARR) by 8.6% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 626,984 shares of the company’s stock after purchasing an additional 49,750 shares during the quarter. Northern Trust Corp owned about 1.12% of Par Pacific worth $10,276,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Sterling Capital Management LLC boosted its holdings in Par Pacific by 821.5% in the fourth quarter. Sterling Capital Management LLC now owns 1,714 shares of the company’s stock valued at $28,000 after purchasing an additional 1,528 shares in the last quarter. US Bancorp DE boosted its holdings in shares of Par Pacific by 55.7% in the fourth quarter. US Bancorp DE now owns 1,823 shares of the company’s stock valued at $30,000 after acquiring an additional 652 shares during the period. Nisa Investment Advisors LLC boosted its holdings in shares of Par Pacific by 37.7% in the fourth quarter. Nisa Investment Advisors LLC now owns 2,557 shares of the company’s stock valued at $42,000 after acquiring an additional 700 shares during the period. Quadrant Capital Group LLC boosted its holdings in shares of Par Pacific by 123.1% in the fourth quarter. Quadrant Capital Group LLC now owns 3,233 shares of the company’s stock valued at $53,000 after acquiring an additional 1,784 shares during the period. Finally, Allworth Financial LP boosted its holdings in shares of Par Pacific by 4,804.2% in the fourth quarter. Allworth Financial LP now owns 8,141 shares of the company’s stock valued at $139,000 after acquiring an additional 7,975 shares during the period. 92.15% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

PARR has been the subject of several research analyst reports. The Goldman Sachs Group raised Par Pacific from a “neutral” rating to a “buy” rating and increased their price objective for the company from $18.00 to $19.00 in a report on Thursday, March 27th. Piper Sandler increased their price objective on Par Pacific from $21.00 to $26.00 and gave the company an “overweight” rating in a report on Thursday, May 8th. TD Cowen decreased their price objective on Par Pacific from $21.00 to $17.00 and set a “buy” rating for the company in a report on Thursday, February 27th. Mizuho upped their price target on Par Pacific from $18.00 to $21.00 and gave the stock a “neutral” rating in a research note on Tuesday, May 13th. Finally, StockNews.com cut Par Pacific from a “hold” rating to a “sell” rating in a research note on Friday, February 28th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and five have given a buy rating to the stock. According to MarketBeat.com, Par Pacific currently has an average rating of “Hold” and an average target price of $21.25.

Par Pacific Trading Up 0.4%

NYSE:PARR opened at $20.66 on Friday. The stock has a fifty day moving average price of $14.72 and a two-hundred day moving average price of $15.78. The stock has a market capitalization of $1.07 billion, a price-to-earnings ratio of 4.00 and a beta of 1.50. The company has a debt-to-equity ratio of 0.84, a quick ratio of 0.66 and a current ratio of 1.69. Par Pacific Holdings, Inc. has a 1 year low of $11.86 and a 1 year high of $28.89.

Par Pacific (NYSE:PARR) last released its quarterly earnings data on Monday, May 5th. The company reported ($0.94) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.40) by ($0.54). The business had revenue of $1.75 billion during the quarter, compared to analysts’ expectations of $1.49 billion. Par Pacific had a return on equity of 10.06% and a net margin of 3.74%. The company’s revenue was down 11.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.69 EPS. As a group, sell-side analysts anticipate that Par Pacific Holdings, Inc. will post 0.15 earnings per share for the current fiscal year.

Par Pacific Company 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.