Creative Planning Has $1.34 Million Stock Holdings in Par Pacific Holdings, Inc. $PARR

Creative Planning raised its holdings in Par Pacific Holdings, Inc. (NYSE:PARR) by 43.8% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 50,438 shares of the company’s stock after buying an additional 15,362 shares during the period. Creative Planning owned about 0.10% of Par Pacific worth $1,338,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also recently made changes to their positions in the company. Ethic Inc. raised its holdings in shares of Par Pacific by 1.9% in the 2nd quarter. Ethic Inc. now owns 21,801 shares of the company’s stock worth $580,000 after acquiring an additional 396 shares during the last quarter. Public Employees Retirement System of Ohio increased its holdings in Par Pacific by 17.4% during the 2nd quarter. Public Employees Retirement System of Ohio now owns 2,882 shares of the company’s stock worth $76,000 after purchasing an additional 428 shares in the last quarter. Farther Finance Advisors LLC raised its stake in shares of Par Pacific by 175.9% in the second quarter. Farther Finance Advisors LLC now owns 1,181 shares of the company’s stock worth $31,000 after purchasing an additional 753 shares during the last quarter. First Pacific Advisors LP raised its stake in shares of Par Pacific by 1.1% in the second quarter. First Pacific Advisors LP now owns 72,632 shares of the company’s stock worth $1,927,000 after purchasing an additional 820 shares during the last quarter. Finally, Police & Firemen s Retirement System of New Jersey lifted its holdings in shares of Par Pacific by 7.1% in the second quarter. Police & Firemen s Retirement System of New Jersey now owns 12,337 shares of the company’s stock valued at $327,000 after purchasing an additional 820 shares in the last quarter. 92.15% of the stock is currently owned by institutional investors and hedge funds.

Par Pacific Price Performance

PARR opened at $45.20 on Friday. Par Pacific Holdings, Inc. has a fifty-two week low of $11.86 and a fifty-two week high of $48.40. The firm has a 50-day moving average of $39.30 and a 200 day moving average of $32.42. The company has a debt-to-equity ratio of 0.97, a quick ratio of 0.56 and a current ratio of 1.42. The firm has a market cap of $2.27 billion, a P/E ratio of -161.42 and a beta of 1.74.

Par Pacific (NYSE:PARR) last announced its quarterly earnings data on Tuesday, November 4th. The company reported $5.95 EPS for the quarter, topping the consensus estimate of $1.98 by $3.97. Par Pacific had a negative net margin of 0.25% and a negative return on equity of 1.79%. The business had revenue of $2.01 billion for the quarter, compared to analyst estimates of $1.72 billion. During the same quarter in the previous year, the firm posted ($0.10) earnings per share. The company’s revenue for the quarter was down 6.1% on a year-over-year basis. On average, research analysts expect that Par Pacific Holdings, Inc. will post 0.15 EPS for the current year.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on the company. Wall Street Zen upgraded Par Pacific from a “buy” rating to a “strong-buy” rating in a report on Saturday, September 13th. Weiss Ratings reiterated a “hold (c+)” rating on shares of Par Pacific in a research note on Tuesday. The Goldman Sachs Group raised their price target on shares of Par Pacific from $34.00 to $40.00 and gave the company a “neutral” rating in a research report on Wednesday, October 22nd. Cowen reaffirmed a “buy” rating on shares of Par Pacific in a research report on Thursday, August 7th. Finally, Zacks Research upgraded shares of Par Pacific from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, October 22nd. Two analysts have rated the stock with a Strong Buy rating, six have issued a Buy rating and four have given a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $41.57.

Insiders Place Their Bets

In other news, CAO Ivan Daniel Guerra sold 5,500 shares of the company’s stock in a transaction on Tuesday, September 2nd. The stock was sold at an average price of $35.11, for a total transaction of $193,105.00. Following the transaction, the chief accounting officer owned 17,491 shares of the company’s stock, valued at $614,109.01. This represents a 23.92% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO William Monteleone sold 99,284 shares of Par Pacific stock in a transaction dated Friday, November 21st. The stock was sold at an average price of $43.15, for a total value of $4,284,104.60. Following the completion of the sale, the chief executive officer directly owned 423,022 shares of the company’s stock, valued at approximately $18,253,399.30. This trade represents a 19.01% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 135,922 shares of company stock valued at $5,655,971 in the last quarter. 4.40% of the stock is currently owned by company insiders.

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.