Par Pacific Holdings, Inc. (NYSE:PARR) Given Consensus Rating of “Hold” by Analysts

Shares of Par Pacific Holdings, Inc. (NYSE:PARR) have been given an average recommendation of “Hold” by the nine research firms that are presently covering the stock, Marketbeat reports. Five equities research analysts have rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average 1-year price objective among brokerages that have updated their coverage on the stock in the last year is $44.00.

A number of equities research analysts have recently weighed in on PARR shares. Wall Street Zen raised shares of Par Pacific from a “buy” rating to a “strong-buy” rating in a research note on Sunday, February 15th. Mizuho raised their price objective on shares of Par Pacific from $45.00 to $49.00 and gave the stock a “neutral” rating in a report on Friday, December 12th. Piper Sandler set a $57.00 target price on Par Pacific in a report on Monday, January 12th. Weiss Ratings reissued a “hold (c+)” rating on shares of Par Pacific in a research report on Monday, December 29th. Finally, Tudor Pickering upgraded Par Pacific from a “hold” rating to a “buy” rating in a research note on Thursday, November 6th.

Institutional Trading of Par Pacific

A number of hedge funds and other institutional investors have recently modified their holdings of PARR. Federated Hermes Inc. purchased a new position in Par Pacific during the 3rd quarter valued at about $44,000. Aster Capital Management DIFC Ltd bought a new position in shares of Par Pacific during the third quarter valued at approximately $48,000. Nisa Investment Advisors LLC lifted its holdings in shares of Par Pacific by 157.4% during the second quarter. Nisa Investment Advisors LLC now owns 1,596 shares of the company’s stock valued at $42,000 after purchasing an additional 976 shares during the last quarter. USA Financial Formulas purchased a new position in shares of Par Pacific during the third quarter valued at approximately $82,000. Finally, Smartleaf Asset Management LLC boosted its position in shares of Par Pacific by 81.1% in the 2nd quarter. Smartleaf Asset Management LLC now owns 2,340 shares of the company’s stock worth $62,000 after purchasing an additional 1,048 shares in the last quarter. 92.15% of the stock is owned by hedge funds and other institutional investors.

Par Pacific Stock Up 1.2%

Shares of NYSE:PARR opened at $42.81 on Friday. The company has a market capitalization of $2.15 billion, a PE ratio of 9.01 and a beta of 1.23. The business has a fifty day moving average price of $38.19 and a two-hundred day moving average price of $37.57. Par Pacific has a 1 year low of $11.86 and a 1 year 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.

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.