Capital Fund Management S.A. Makes New Investment in Par Pacific Holdings, Inc. $PARR

Capital Fund Management S.A. purchased a new position in Par Pacific Holdings, Inc. (NYSE:PARR) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 112,563 shares of the company’s stock, valued at approximately $2,986,000. Capital Fund Management S.A. owned about 0.22% of Par Pacific at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently made changes to their positions in the stock. FJ Investments LLC purchased a new position in shares of Par Pacific in the 2nd quarter worth about $26,294,000. Nuveen LLC bought a new stake in Par Pacific in the first quarter worth $12,750,000. JPMorgan Chase & Co. boosted its position in Par Pacific by 376.0% during the second quarter. JPMorgan Chase & Co. now owns 459,641 shares of the company’s stock valued at $12,194,000 after buying an additional 363,085 shares during the period. Walleye Capital LLC grew its stake in shares of Par Pacific by 365.4% during the first quarter. Walleye Capital LLC now owns 424,549 shares of the company’s stock valued at $6,054,000 after buying an additional 333,319 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. grew its stake in shares of Par Pacific by 32.6% during the first quarter. Charles Schwab Investment Management Inc. now owns 1,205,756 shares of the company’s stock valued at $17,194,000 after buying an additional 296,536 shares during the last quarter. Hedge funds and other institutional investors own 92.15% of the company’s stock.

Par Pacific Trading Down 2.3%

Shares of PARR opened at $46.12 on Wednesday. Par Pacific Holdings, Inc. has a 1-year low of $11.86 and a 1-year high of $48.40. The company has a current ratio of 1.42, a quick ratio of 0.56 and a debt-to-equity ratio of 0.97. The firm’s 50-day moving average price is $39.72 and its 200-day moving average price is $32.98. The firm has a market capitalization of $2.32 billion, a price-to-earnings ratio of -164.72 and a beta of 1.74.

Par Pacific (NYSE:PARR) last issued 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 during the quarter, compared to analyst estimates of $1.72 billion. During the same period last year, the business posted ($0.10) earnings per share. Par Pacific’s quarterly revenue was down 6.1% compared to the same quarter last year. Sell-side analysts anticipate that Par Pacific Holdings, Inc. will post 0.15 EPS for the current year.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on the company. Tudor, Pickering, Holt & Co. upgraded Par Pacific from a “hold” rating to a “buy” rating in a report on Thursday, November 6th. TD Cowen cut their target price on shares of Par Pacific from $35.00 to $33.00 and set a “buy” rating on the stock in a report on Thursday, August 7th. Tudor Pickering upgraded shares of Par Pacific from a “hold” rating to a “strong-buy” rating in a report on Thursday, November 6th. Weiss Ratings reissued a “hold (c+)” rating on shares of Par Pacific in a report on Monday. Finally, Zacks Research upgraded shares of Par Pacific from a “hold” rating to a “strong-buy” rating in a report on Wednesday, October 22nd. Two investment analysts have rated the stock with a Strong Buy rating, six have given a Buy rating and four have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $41.57.

Insider Buying and Selling

In related news, CEO William Monteleone sold 99,284 shares of the business’s stock in a transaction dated Friday, November 21st. The shares were sold at an average price of $43.15, for a total transaction of $4,284,104.60. Following the sale, the chief executive officer owned 423,022 shares of the company’s stock, valued at $18,253,399.30. The trade was a 19.01% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Timothy Clossey sold 2,000 shares of the company’s stock in a transaction dated Monday, September 15th. The stock was sold at an average price of $33.37, for a total transaction of $66,740.00. Following the completion of the sale, the director owned 84,000 shares in the company, valued at approximately $2,803,080. This trade represents a 2.33% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 117,132 shares of company stock valued at $5,004,099 over the last ninety days. Company insiders own 4.40% of the company’s stock.

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.