Stratos Wealth Partners LTD. Purchases New Shares in Par Pacific Holdings, Inc. $PARR

Stratos Wealth Partners LTD. purchased a new stake in Par Pacific Holdings, Inc. (NYSE:PARR) in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 8,856 shares of the company’s stock, valued at approximately $311,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of PARR. Federated Hermes Inc. purchased a new stake in Par Pacific in the 3rd quarter valued at $44,000. Aster Capital Management DIFC Ltd purchased a new stake in Par Pacific in the 3rd quarter valued at $48,000. Smartleaf Asset Management LLC raised its position in Par Pacific by 81.1% in 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 last quarter. Nisa Investment Advisors LLC increased its stake in Par Pacific by 16.2% in the 3rd 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 acquired a new position in Par Pacific in the 3rd quarter valued at $82,000. Hedge funds and other institutional investors own 92.15% of the company’s stock.

Par Pacific Stock Performance

Shares of PARR opened at $62.85 on Monday. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.49 and a current ratio of 1.61. Par Pacific Holdings, Inc. has a 1 year low of $12.17 and a 1 year high of $67.39. The stock has a market capitalization of $3.11 billion, a P/E ratio of 8.62 and a beta of 0.97. The company’s fifty day moving average is $50.88 and its two-hundred day moving average is $43.10.

Par Pacific (NYSE:PARR) last posted its quarterly earnings results on Tuesday, February 24th. The company reported $1.17 earnings per share for the quarter, missing analysts’ consensus estimates 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 analyst estimates of $1.68 billion. During the same period last year, the company earned ($0.79) earnings per share. The business’s revenue for the quarter was down 1.0% compared to the same quarter last year. On average, sell-side analysts predict that Par Pacific Holdings, Inc. will post 0.15 earnings per share for the current year.

Insider Buying and Selling at Par Pacific

In other news, CEO William Monteleone sold 108,948 shares of the company’s stock in a transaction on Monday, March 16th. The shares were sold at an average price of $54.06, for a total transaction of $5,889,728.88. Following the transaction, the chief executive officer directly owned 457,167 shares of the company’s stock, valued at $24,714,448.02. This represents a 19.24% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 3.60% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

PARR has been the topic of several recent research reports. Piper Sandler boosted their price objective on shares of Par Pacific from $63.00 to $72.00 and gave the company an “overweight” rating in a research note on Wednesday, April 8th. TD Cowen boosted their price objective on shares of Par Pacific from $39.00 to $48.00 and gave the company a “buy” rating in a research note on Friday, February 27th. UBS Group boosted their price objective on shares of Par Pacific from $40.00 to $60.00 and gave the company a “neutral” rating in a research note on Thursday. Zacks Research cut shares of Par Pacific from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, December 16th. Finally, Wall Street Zen raised shares of Par Pacific from a “buy” rating to a “strong-buy” rating in a research note on Saturday, March 14th. Six investment analysts have rated the stock with 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 a consensus rating of “Moderate Buy” and a consensus target price of $67.00.

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.