Aquatic Capital Management LLC Acquires 14,012 Shares of Par Pacific Holdings, Inc. $PARR

Aquatic Capital Management LLC grew its holdings in Par Pacific Holdings, Inc. (NYSE:PARR) by 12.3% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 127,895 shares of the company’s stock after acquiring an additional 14,012 shares during the quarter. Aquatic Capital Management LLC owned 0.25% of Par Pacific worth $4,530,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also modified their holdings of the company. Federated Hermes Inc. bought a new stake in Par Pacific in the 3rd quarter valued at $44,000. Aster Capital Management DIFC Ltd bought a new position in shares of Par Pacific during the 3rd quarter worth about $48,000. Smartleaf Asset Management LLC raised its position in shares of Par Pacific by 81.1% during the second quarter. Smartleaf Asset Management LLC now owns 2,340 shares of the company’s stock valued at $62,000 after buying an additional 1,048 shares during the last quarter. Nisa Investment Advisors LLC lifted its stake in shares of Par Pacific by 16.2% in the third quarter. Nisa Investment Advisors LLC now owns 1,855 shares of the company’s stock valued at $66,000 after buying an additional 259 shares during the period. Finally, USA Financial Formulas bought a new stake in shares of Par Pacific in the third quarter valued at about $82,000. Institutional investors and hedge funds own 92.15% of the company’s stock.

Par Pacific Trading Down 1.2%

PARR stock opened at $53.19 on Tuesday. Par Pacific Holdings, Inc. has a 1-year low of $12.04 and a 1-year high of $55.31. The firm has a market cap of $2.61 billion, a P/E ratio of 7.30 and a beta of 1.16. The business’s 50 day moving average is $41.49 and its 200-day moving average is $39.54. The company has a current ratio of 1.61, a quick ratio of 0.49 and a debt-to-equity ratio of 0.54.

Par Pacific (NYSE:PARR) last posted its earnings results on Tuesday, February 24th. The company reported $1.17 EPS for the quarter, missing the consensus estimate of $1.21 by ($0.04). Par Pacific had a return on equity of 30.19% and a net margin of 4.95%.The company had revenue of $1.81 billion for the quarter, compared to the consensus estimate of $1.68 billion. During the same quarter last year, the business earned ($0.79) EPS. Par Pacific’s quarterly revenue was down 1.0% compared to the same quarter last year. Equities analysts anticipate that Par Pacific Holdings, Inc. will post 0.15 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

PARR has been the subject of several recent research reports. Raymond James Financial reaffirmed an “outperform” rating and issued a $50.00 price target on shares of Par Pacific in a report on Wednesday, February 25th. The Goldman Sachs Group lifted their price objective on Par Pacific from $44.00 to $53.00 and gave the stock a “neutral” rating in a report on Thursday, March 12th. TD Cowen upped their target price on Par Pacific from $39.00 to $48.00 and gave the company a “buy” rating in a research note on Friday, February 27th. Mizuho raised their target price on Par Pacific from $45.00 to $49.00 and gave the stock a “neutral” rating in a research report on Friday, December 12th. Finally, Weiss Ratings reiterated a “hold (c+)” rating on shares of Par Pacific in a research note on Monday, December 29th. Four analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, Par Pacific currently has a consensus rating of “Hold” and an average target price of $49.50.

Par Pacific Company 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.