Par Pacific Holdings, Inc. (NYSE:PARR) Holdings Decreased by Nisa Investment Advisors LLC

Nisa Investment Advisors LLC trimmed its position in Par Pacific Holdings, Inc. (NYSE:PARR) by 30.2% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,755 shares of the company’s stock after selling 760 shares during the quarter. Nisa Investment Advisors LLC’s holdings in Par Pacific were worth $64,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also made changes to their positions in the company. Jacobs Levy Equity Management Inc. increased its holdings in shares of Par Pacific by 14.2% in the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 1,243,068 shares of the company’s stock valued at $44,676,000 after acquiring an additional 154,571 shares during the last quarter. Boston Partners increased its holdings in shares of Par Pacific by 6.6% in the 3rd quarter. Boston Partners now owns 1,127,022 shares of the company’s stock valued at $40,016,000 after acquiring an additional 69,475 shares during the last quarter. Public Employees Retirement System of Ohio increased its holdings in shares of Par Pacific by 5,017.3% in the 3rd quarter. Public Employees Retirement System of Ohio now owns 39,454 shares of the company’s stock valued at $1,418,000 after acquiring an additional 38,683 shares during the last quarter. Hsbc Holdings PLC increased its holdings in shares of Par Pacific by 12.1% in the 3rd quarter. Hsbc Holdings PLC now owns 258,976 shares of the company’s stock valued at $9,355,000 after acquiring an additional 28,023 shares during the last quarter. Finally, Dark Forest Capital Management LP bought a new stake in shares of Par Pacific in the 3rd quarter valued at approximately $881,000. 92.15% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other Par Pacific news, insider Jeffrey Ryan Hollis sold 4,700 shares of the business’s stock in a transaction on Wednesday, March 13th. The stock was sold at an average price of $37.39, for a total transaction of $175,733.00. Following the completion of the transaction, the insider now owns 13,176 shares in the company, valued at approximately $492,650.64. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In other Par Pacific news, insider Jeffrey Ryan Hollis sold 4,700 shares of the business’s stock in a transaction on Wednesday, March 13th. The stock was sold at an average price of $37.39, for a total transaction of $175,733.00. Following the completion of the transaction, the insider now owns 13,176 shares in the company, valued at approximately $492,650.64. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CAO Ivan Daniel Guerra sold 6,000 shares of the business’s stock in a transaction on Wednesday, March 13th. The stock was sold at an average price of $37.49, for a total value of $224,940.00. Following the transaction, the chief accounting officer now owns 16,200 shares of the company’s stock, valued at approximately $607,338. The disclosure for this sale can be found here. 4.40% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

PARR has been the subject of a number of recent research reports. Piper Sandler upped their price objective on Par Pacific from $43.00 to $47.00 and gave the stock an “overweight” rating in a research note on Friday, April 5th. StockNews.com downgraded Par Pacific from a “buy” rating to a “hold” rating in a research note on Monday, March 4th. Three research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Hold” and a consensus price target of $36.75.

Par Pacific Price Performance

Shares of PARR opened at $31.76 on Monday. The company has a market cap of $1.88 billion, a P/E ratio of 2.66 and a beta of 1.95. The stock has a fifty day moving average price of $37.08 and a 200 day moving average price of $35.29. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.30 and a quick ratio of 0.54. Par Pacific Holdings, Inc. has a 12 month low of $20.30 and a 12 month high of $40.69.

Par Pacific (NYSE:PARR) last announced its quarterly earnings results on Tuesday, February 27th. The company reported $1.08 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.11 by ($0.03). Par Pacific had a return on equity of 47.63% and a net margin of 8.85%. The business had revenue of $2.18 billion for the quarter, compared to analyst estimates of $2.45 billion. On average, research analysts forecast that Par Pacific Holdings, Inc. will post 4.56 earnings per share for the current year.

Par Pacific Company Profile

Par Pacific Holdings, Inc owns and operates energy and infrastructure businesses. The company operates through Refining, Retail, and Logistics segments. The Refining segment owns and operates refineries that produce gasoline, distillate, asphalt, and other products primarily for consumption in Kapolei, Hawaii, Newcastle, Wyoming, Tacoma, Washington, and Billings, Montana.