SG Americas Securities LLC Raises Stake in Par Pacific Holdings, Inc. $PARR

SG Americas Securities LLC increased its position in Par Pacific Holdings, Inc. (NYSE:PARR) by 7,787.1% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 563,930 shares of the company’s stock after buying an additional 556,780 shares during the quarter. SG Americas Securities LLC’s holdings in Par Pacific were worth $19,816,000 at the end of the most recent reporting period.

Other institutional investors have also bought and sold shares of the company. Encompass Capital Advisors LLC purchased a new position in Par Pacific in the 2nd quarter worth approximately $34,609,000. Vanguard Group Inc. raised its position in shares of Par Pacific by 30.9% during the third quarter. Vanguard Group Inc. now owns 5,044,612 shares of the company’s stock valued at $178,680,000 after buying an additional 1,190,088 shares during the last quarter. Arrowstreet Capital Limited Partnership raised its position in shares of Par Pacific by 89.9% during the second quarter. Arrowstreet Capital Limited Partnership now owns 1,438,677 shares of the company’s stock valued at $38,168,000 after buying an additional 681,190 shares during the last quarter. American Century Companies Inc. lifted its holdings in shares of Par Pacific by 42.8% in the third quarter. American Century Companies Inc. now owns 1,522,392 shares of the company’s stock worth $53,923,000 after buying an additional 456,473 shares in the last quarter. Finally, JPMorgan Chase & Co. lifted its holdings in shares of Par Pacific by 376.0% in the second quarter. JPMorgan Chase & Co. now owns 459,641 shares of the company’s stock worth $12,194,000 after buying an additional 363,085 shares in the last quarter. Hedge funds and other institutional investors own 92.15% of the company’s stock.

Par Pacific Stock Up 4.3%

Shares of NYSE PARR opened at $65.71 on Friday. The firm’s 50-day moving average price is $45.54 and its 200-day moving average price is $41.04. The company has a current ratio of 1.61, a quick ratio of 0.49 and a debt-to-equity ratio of 0.54. The stock has a market capitalization of $3.25 billion, a price-to-earnings ratio of 9.01 and a beta of 1.17. Par Pacific Holdings, Inc. has a 12-month low of $12.04 and a 12-month high of $66.75.

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 company had revenue of $1.81 billion during the quarter, compared to analysts’ expectations of $1.68 billion. During the same quarter in the prior year, the business posted ($0.79) EPS. The company’s revenue was down 1.0% on a year-over-year basis. On average, equities research analysts anticipate that Par Pacific Holdings, Inc. will post 0.15 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on the stock. Zacks Research cut shares of Par Pacific from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, December 16th. Wall Street Zen raised shares of Par Pacific from a “buy” rating to a “strong-buy” rating in a report on Saturday, March 14th. TD Cowen raised their price objective on Par Pacific from $39.00 to $48.00 and gave the company a “buy” rating in a research report on Friday, February 27th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Par Pacific in a report on Monday, December 29th. Finally, The Goldman Sachs Group boosted their target price on Par Pacific from $44.00 to $53.00 and gave the stock a “neutral” rating in a research report on Thursday, March 12th. Four equities research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. According to data from MarketBeat.com, Par Pacific presently has an average rating of “Hold” and an average price target of $55.50.

Insider Transactions at Par Pacific

In other Par Pacific news, CEO William Monteleone sold 108,948 shares of Par Pacific 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 completion of the transaction, the chief executive officer directly owned 457,167 shares of the company’s stock, valued at $24,714,448.02. The trade was a 19.24% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 4.40% of the stock is currently owned by corporate insiders.

Par Pacific 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.