Zacks Investment Research upgraded shares of Par Pacific Holdings, Inc. (NASDAQ:PARR) from a hold rating to a strong-buy rating in a research note released on Friday morning. The firm currently has $16.00 price objective on the stock.

According to Zacks, “Par Pacific Holdings, Inc. manages and maintains interests in energy and infrastructure businesses. The company’s operating segment consists of refining, retail and logistics. It also markets and distributes crude oil from the Western United States and Canada to refining hubs in the Midwest, Gulf Coast, East Coast and to Hawaii. Par Pacific Holdings, Inc., formerly known as Par Petroleum Corporation, is headquartered in Houston, Texas. “

Other research analysts have also recently issued research reports about the stock. Seaport Global Securities initiated coverage on shares of Par Pacific Holdings in a research note on Thursday, September 8th. They set a buy rating and a $22.00 target price on the stock. Cowen and Company initiated coverage on shares of Par Pacific Holdings in a research note on Friday, June 10th. They set a market perform rating and a $15.00 target price on the stock. Finally, Miller Tabak upgraded shares of Par Pacific Holdings from a hold rating to a strong-buy rating and lifted their target price for the company from $24.00 to $25.30 in a research note on Wednesday, August 3rd.

Shares of Par Pacific Holdings (NASDAQ:PARR) opened at 13.52 on Friday. The stock’s market capitalization is $556.73 million. Par Pacific Holdings has a 52-week low of $12.18 and a 52-week high of $28.31. The firm’s 50-day moving average is $13.48 and its 200 day moving average is $16.07.

In other news, major shareholder Whitebox Advisors Llc sold 182,204 shares of the business’s stock in a transaction dated Monday, September 12th. The shares were sold at an average price of $13.32, for a total value of $2,426,957.28. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Melvyn N. Klein bought 4,000 shares of Par Pacific Holdings stock in a transaction dated Thursday, September 15th. The stock was acquired at an average price of $13.05 per share, for a total transaction of $52,200.00. Following the completion of the acquisition, the director now owns 23,339 shares in the company, valued at $304,573.95. The disclosure for this purchase can be found here.

Several hedge funds have recently bought and sold shares of the company. Teachers Advisors Inc. increased its stake in Par Pacific Holdings by 28.4% in the second quarter. Teachers Advisors Inc. now owns 52,501 shares of the company’s stock worth $805,000 after buying an additional 11,599 shares during the period. American International Group Inc. increased its stake in Par Pacific Holdings by 71.6% in the second quarter. American International Group Inc. now owns 16,097 shares of the company’s stock worth $247,000 after buying an additional 6,716 shares during the period. Alliancebernstein L.P. acquired a new stake in Par Pacific Holdings during the second quarter worth $193,000. BlackRock Institutional Trust Company N.A. increased its stake in Par Pacific Holdings by 62.3% in the second quarter. BlackRock Institutional Trust Company N.A. now owns 534,173 shares of the company’s stock worth $8,194,000 after buying an additional 205,065 shares during the period. Finally, BlackRock Fund Advisors increased its stake in Par Pacific Holdings by 71.6% in the second quarter. BlackRock Fund Advisors now owns 664,287 shares of the company’s stock worth $10,190,000 after buying an additional 277,184 shares during the period.

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