Par Pacific Holdings, Inc. $PARR Position Lifted by Barclays PLC

Barclays PLC raised its stake in Par Pacific Holdings, Inc. (NYSE:PARR) by 24.9% in the 3rd quarter, according to its most recent filing with the SEC. The fund owned 705,832 shares of the company’s stock after purchasing an additional 140,514 shares during the period. Barclays PLC owned 1.40% of Par Pacific worth $25,001,000 as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of PARR. Dimensional Fund Advisors LP grew its stake in Par Pacific by 6.6% in the third quarter. Dimensional Fund Advisors LP now owns 1,767,341 shares of the company’s stock worth $62,601,000 after purchasing an additional 109,705 shares in the last quarter. Victory Capital Management Inc. grew its position in shares of Par Pacific by 814.7% in the 3rd quarter. Victory Capital Management Inc. now owns 80,571 shares of the company’s stock worth $2,854,000 after acquiring an additional 71,763 shares in the last quarter. Rafferty Asset Management LLC grew its position in shares of Par Pacific by 19.3% in the 3rd quarter. Rafferty Asset Management LLC now owns 79,448 shares of the company’s stock worth $2,814,000 after acquiring an additional 12,871 shares in the last quarter. American Century Companies Inc. increased its holdings in shares of Par Pacific by 42.8% in the 3rd quarter. American Century Companies Inc. now owns 1,522,392 shares of the company’s stock valued at $53,923,000 after acquiring an additional 456,473 shares during the last quarter. Finally, Quantbot Technologies LP increased its holdings in shares of Par Pacific by 44.4% in the 3rd quarter. Quantbot Technologies LP now owns 151,664 shares of the company’s stock valued at $5,372,000 after acquiring an additional 46,615 shares during the last quarter. Institutional investors and hedge funds own 92.15% of the company’s stock.

Analyst Ratings Changes

Several equities analysts recently issued reports on the company. Zacks Research cut Par Pacific from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, December 16th. TD Cowen boosted their target price 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. Wall Street Zen cut shares of Par Pacific from a “strong-buy” rating to a “buy” rating in a report on Saturday, February 28th. Mizuho raised their price target on shares of 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 reaffirmed a “hold (c+)” rating on shares of Par Pacific in a report on Monday, December 29th. Four research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $47.33.

Par Pacific Stock Performance

PARR stock opened at $50.96 on Thursday. Par Pacific Holdings, Inc. has a 1 year low of $12.04 and a 1 year high of $51.55. The stock has a market capitalization of $2.50 billion, a price-to-earnings ratio of 6.99 and a beta of 1.17. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.49 and a current ratio of 1.61. The stock’s fifty day moving average is $40.45 and its two-hundred day moving average is $39.07.

Par Pacific (NYSE:PARR) last released its quarterly 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 firm had revenue of $1.81 billion for the quarter, compared to the consensus estimate of $1.68 billion. During the same quarter in the prior year, the company posted ($0.79) EPS. The firm’s revenue was down 1.0% on a year-over-year basis. On average, research analysts predict that Par Pacific Holdings, Inc. will post 0.15 EPS for the current year.

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.