BNP Paribas Financial Markets Purchases 23,121 Shares of Par Pacific Holdings, Inc. (NYSE:PARR)

BNP Paribas Financial Markets boosted its stake in shares of Par Pacific Holdings, Inc. (NYSE:PARR) by 52.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 67,537 shares of the company’s stock after purchasing an additional 23,121 shares during the quarter. BNP Paribas Financial Markets owned about 0.12% of Par Pacific worth $1,107,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Ameriprise Financial Inc. raised its stake in Par Pacific by 35.0% in the fourth quarter. Ameriprise Financial Inc. now owns 248,972 shares of the company’s stock valued at $4,081,000 after purchasing an additional 64,536 shares in the last quarter. Algert Global LLC boosted its stake in Par Pacific by 54.2% during the fourth quarter. Algert Global LLC now owns 468,681 shares of the company’s stock worth $7,682,000 after acquiring an additional 164,711 shares in the last quarter. Jane Street Group LLC acquired a new position in Par Pacific during the fourth quarter worth $981,000. Freestone Grove Partners LP acquired a new position in Par Pacific during the fourth quarter worth $307,000. Finally, Northern Trust Corp raised its holdings in shares of Par Pacific by 8.6% in the fourth quarter. Northern Trust Corp now owns 626,984 shares of the company’s stock valued at $10,276,000 after purchasing an additional 49,750 shares during the last quarter. Institutional investors own 92.15% of the company’s stock.

Wall Street Analysts Forecast Growth

PARR has been the subject of a number of research analyst reports. Piper Sandler raised their price objective on shares of Par Pacific from $21.00 to $26.00 and gave the stock an “overweight” rating in a report on Thursday, May 8th. UBS Group lowered their target price on shares of Par Pacific from $20.00 to $14.75 and set a “neutral” rating on the stock in a research note on Wednesday, April 16th. TD Cowen decreased their price target on shares of Par Pacific from $21.00 to $17.00 and set a “buy” rating on the stock in a research note on Thursday, February 27th. Raymond James began coverage on shares of Par Pacific in a research note on Friday, January 24th. They issued an “outperform” rating and a $25.00 target price on the stock. Finally, The Goldman Sachs Group upgraded shares of Par Pacific from a “neutral” rating to a “buy” rating and lifted their price target for the company from $18.00 to $19.00 in a report on Thursday, March 27th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $21.25.

Par Pacific Trading Down 0.6%

Par Pacific stock opened at $20.19 on Wednesday. The company has a quick ratio of 0.66, a current ratio of 1.69 and a debt-to-equity ratio of 0.84. Par Pacific Holdings, Inc. has a 52 week low of $11.86 and a 52 week high of $28.65. The company has a market capitalization of $1.04 billion, a price-to-earnings ratio of 3.91 and a beta of 1.50. The stock has a 50-day moving average price of $15.01 and a 200 day moving average price of $15.85.

Par Pacific (NYSE:PARR) last posted its quarterly earnings data on Monday, May 5th. The company reported ($0.94) EPS for the quarter, missing analysts’ consensus estimates 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 net margin of 3.74% and a return on equity of 10.06%. The firm’s quarterly revenue was down 11.9% compared to the same quarter last year. During the same quarter last year, the firm earned $0.69 earnings per share. Sell-side analysts anticipate that Par Pacific Holdings, Inc. will post 0.15 EPS for the current 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.