Caxton Associates LLP Invests $3.43 Million in Par Pacific Holdings, Inc. $PARR

Caxton Associates LLP purchased a new position in Par Pacific Holdings, Inc. (NYSE:PARR) in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 129,246 shares of the company’s stock, valued at approximately $3,429,000. Caxton Associates LLP owned about 0.25% of Par Pacific at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Tower Research Capital LLC TRC grew its holdings in Par Pacific by 70.5% during the second quarter. Tower Research Capital LLC TRC now owns 12,134 shares of the company’s stock valued at $322,000 after purchasing an additional 5,018 shares during the last quarter. Ion Asset Management Ltd. bought a new position in shares of Par Pacific in the second quarter worth about $838,000. Captrust Financial Advisors acquired a new position in shares of Par Pacific during the 2nd quarter worth about $302,000. Smartleaf Asset Management LLC boosted its stake in Par Pacific by 81.1% during the 2nd quarter. Smartleaf Asset Management LLC now owns 2,340 shares of the company’s stock valued at $62,000 after purchasing an additional 1,048 shares during the period. Finally, Oxford Asset Management LLP acquired a new stake in Par Pacific in the 2nd quarter valued at approximately $225,000. 92.15% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Par Pacific

In related news, EVP Richard Creamer sold 15,848 shares of the stock in a transaction that occurred on Thursday, November 6th. The stock was sold at an average price of $41.22, for a total transaction of $653,254.56. Following the sale, the executive vice president directly owned 54,654 shares in the company, valued at $2,252,837.88. This represents a 22.48% decrease in their position. The transaction was disclosed in a legal 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 on Friday, November 21st. The shares were sold at an average price of $43.15, for a total value of $4,284,104.60. Following the completion of the transaction, the chief executive officer owned 423,022 shares of the company’s stock, valued at approximately $18,253,399.30. The trade was a 19.01% decrease in their position. The SEC filing for this sale provides additional information. 4.40% of the stock is owned by insiders.

Par Pacific Stock Performance

Par Pacific stock opened at $40.64 on Monday. Par Pacific Holdings, Inc. has a 52-week low of $11.86 and a 52-week high of $48.40. The company has a debt-to-equity ratio of 0.70, a current ratio of 1.51 and a quick ratio of 0.48. The stock has a fifty day moving average price of $40.84 and a two-hundred day moving average price of $34.20. The firm has a market capitalization of $2.04 billion, a P/E ratio of 8.55 and a beta of 1.25.

Par Pacific (NYSE:PARR) last posted its earnings results on Tuesday, November 4th. The company reported $5.95 earnings per share for the quarter, topping the consensus estimate of $1.98 by $3.97. The business had revenue of $2.01 billion for the quarter, compared to analyst estimates of $1.72 billion. Par Pacific had a net margin of 3.15% and a return on equity of 23.69%. The firm’s quarterly revenue was down 6.1% compared to the same quarter last year. During the same quarter in the prior year, the firm earned ($0.10) EPS. As a group, analysts anticipate that Par Pacific Holdings, Inc. will post 0.15 EPS for the current fiscal year.

Analysts Set New Price Targets

Several research firms have recently weighed in on PARR. Tudor Pickering raised Par Pacific from a “hold” rating to a “strong-buy” rating in a research report on Thursday, November 6th. Wall Street Zen upgraded shares of Par Pacific from a “buy” rating to a “strong-buy” rating in a research report on Saturday, September 13th. The Goldman Sachs Group upped their price objective 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. UBS Group lifted their target price on Par Pacific from $37.00 to $40.00 and gave the stock a “neutral” rating in a research report on Wednesday, November 5th. Finally, Weiss Ratings restated a “hold (c+)” rating on shares of Par Pacific in a research note on Monday, December 8th. Two investment analysts have rated the stock with a Strong Buy rating, six have issued a Buy rating and four have issued a Hold rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $42.14.

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.