Counterpoint Mutual Funds LLC Purchases Shares of 92,765 Par Pacific Holdings, Inc. $PARR

Counterpoint Mutual Funds LLC acquired a new position in shares of Par Pacific Holdings, Inc. (NYSE:PARR) in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund acquired 92,765 shares of the company’s stock, valued at approximately $3,286,000. Par Pacific accounts for about 0.3% of Counterpoint Mutual Funds LLC’s holdings, making the stock its 9th largest position. Counterpoint Mutual Funds LLC owned approximately 0.18% of Par Pacific at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in PARR. Royal Bank of Canada boosted its position in Par Pacific by 23.9% during the 1st quarter. Royal Bank of Canada now owns 23,453 shares of the company’s stock worth $334,000 after acquiring an additional 4,525 shares during the period. AQR Capital Management LLC lifted its holdings in Par Pacific by 118.2% in the first quarter. AQR Capital Management LLC now owns 164,358 shares of the company’s stock worth $2,344,000 after purchasing an additional 89,023 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in Par Pacific by 4.6% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 32,304 shares of the company’s stock valued at $461,000 after buying an additional 1,427 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its stake in Par Pacific by 4.7% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 146,241 shares of the company’s stock valued at $2,085,000 after buying an additional 6,618 shares during the period. Finally, Jane Street Group LLC raised its position in shares of Par Pacific by 352.7% during the 1st quarter. Jane Street Group LLC now owns 270,835 shares of the company’s stock worth $3,862,000 after buying an additional 211,002 shares in the last quarter. Institutional investors own 92.15% of the company’s stock.

Par Pacific Stock Down 4.7%

Shares of NYSE:PARR opened at $40.75 on Tuesday. 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 quick ratio of 0.48 and a current ratio of 1.51. The company has a market cap of $2.05 billion, a PE ratio of 8.58 and a beta of 1.23. The firm has a 50 day simple moving average of $38.20 and a 200 day simple moving average of $37.74.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on the stock. Mizuho increased their price objective on shares of Par Pacific from $45.00 to $49.00 and gave the company a “neutral” rating in a report on Friday, December 12th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Par Pacific in a research note on Monday, December 29th. Piper Sandler set a $57.00 price target on Par Pacific in a research report on Monday, January 12th. Tudor Pickering upgraded Par Pacific from a “hold” rating to a “buy” rating in a report on Thursday, November 6th. Finally, Zacks Research cut Par Pacific from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, December 16th. Four equities research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $44.00.

Par Pacific Profile

Par Pacific Holdings, Inc (NYSE: PARR) is a diversified downstream energy company engaged in the refining, marketing and logistics of petroleum products. Through its subsidiaries, Par Pacific operates the Par Hawaii Refinery on the island of Oʻahu, which processes crude oil into transportation fuels such as gasoline, diesel and jet fuel, as well as asphalt, petroleum coke and sulfur. In the Rocky Mountain region, the company owns and operates the Salt Lake City Refinery in Utah and associated logistics infrastructure, including pipelines and storage terminals, to support both crude supply and product distribution.

In marketing its refined products, Par Pacific maintains a network of branded and unbranded wholesale accounts across Hawaii and the U.S.