Par Pacific Holdings, Inc. $PARR Shares Acquired by Arrowstreet Capital Limited Partnership

Arrowstreet Capital Limited Partnership boosted its holdings in Par Pacific Holdings, Inc. (NYSE:PARR) by 89.9% during the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 1,438,677 shares of the company’s stock after acquiring an additional 681,190 shares during the period. Arrowstreet Capital Limited Partnership owned 2.83% of Par Pacific worth $38,168,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in PARR. Farther Finance Advisors LLC raised its position in Par Pacific by 175.9% in the second quarter. Farther Finance Advisors LLC now owns 1,181 shares of the company’s stock valued at $31,000 after purchasing an additional 753 shares during the period. Caitong International Asset Management Co. Ltd purchased a new stake in Par Pacific in the 1st quarter valued at about $35,000. Parallel Advisors LLC lifted its position in Par Pacific by 232.9% in the second quarter. Parallel Advisors LLC now owns 1,325 shares of the company’s stock valued at $35,000 after buying an additional 927 shares during the last quarter. Nisa Investment Advisors LLC lifted its position in Par Pacific by 157.4% in the second quarter. Nisa Investment Advisors LLC now owns 1,596 shares of the company’s stock valued at $42,000 after buying an additional 976 shares during the last quarter. Finally, Public Employees Retirement System of Ohio boosted its stake in Par Pacific by 17.4% during the second quarter. Public Employees Retirement System of Ohio now owns 2,882 shares of the company’s stock worth $76,000 after buying an additional 428 shares during the period. Institutional investors and hedge funds own 92.15% of the company’s stock.

Insider Buying and Selling

In other Par Pacific news, EVP Richard Creamer sold 15,848 shares of the stock in a transaction that occurred on Thursday, November 6th. The shares were sold at an average price of $41.22, for a total value of $653,254.56. Following the sale, the executive vice president directly owned 54,654 shares of the company’s stock, valued at approximately $2,252,837.88. This represents a 22.48% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, Director Timothy Clossey sold 2,000 shares of Par Pacific stock in a transaction on Monday, September 15th. The stock was sold at an average price of $33.37, for a total transaction of $66,740.00. Following the sale, the director directly owned 84,000 shares of the company’s stock, valued at approximately $2,803,080. This trade represents a 2.33% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders have sold 117,132 shares of company stock worth $5,004,099. Company insiders own 4.40% of the company’s stock.

Par Pacific Stock Down 0.8%

Shares of NYSE PARR opened at $43.71 on Friday. The stock has a market cap of $2.20 billion, a P/E ratio of 9.20 and a beta of 1.25. The business’s fifty day simple moving average is $40.12 and its 200-day simple moving average is $33.30. Par Pacific Holdings, Inc. has a 12-month low of $11.86 and a 12-month high of $48.40. The company has a current ratio of 1.51, a quick ratio of 0.48 and a debt-to-equity ratio of 0.70.

Par Pacific (NYSE:PARR) last released its earnings results on Tuesday, November 4th. The company reported $5.95 EPS for the quarter, topping the consensus estimate of $1.98 by $3.97. The firm had revenue of $2.01 billion during the quarter, compared to analysts’ expectations of $1.72 billion. Par Pacific had a return on equity of 23.69% and a net margin of 3.15%.Par Pacific’s revenue for the quarter was down 6.1% on a year-over-year basis. During the same period in the previous year, the firm posted ($0.10) EPS. As a group, equities analysts predict that Par Pacific Holdings, Inc. will post 0.15 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on the stock. Tudor, Pickering, Holt & Co. upgraded shares of Par Pacific from a “hold” rating to a “buy” rating in a report on Thursday, November 6th. Mizuho upped their price target on Par Pacific from $40.00 to $45.00 and gave the stock a “neutral” rating in a research note on Tuesday, November 11th. Zacks Research upgraded Par Pacific from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, October 22nd. UBS Group lifted their price objective on Par Pacific from $37.00 to $40.00 and gave the company a “neutral” rating in a research note on Wednesday, November 5th. Finally, Piper Sandler increased their target price on Par Pacific from $44.00 to $62.00 and gave the stock an “overweight” rating in a research note on Friday, November 14th. Two equities research 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 stock presently has an average rating of “Moderate Buy” and an average price target of $41.57.

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.