Trek Financial LLC Buys Shares of 12,536 Par Pacific Holdings, Inc. $PARR

Trek Financial LLC purchased a new position in shares of Par Pacific Holdings, Inc. (NYSE:PARR) during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 12,536 shares of the company’s stock, valued at approximately $441,000.

A number of other large investors also recently bought and sold shares of PARR. Royal Bank of Canada lifted its holdings in Par Pacific by 23.9% in the first quarter. Royal Bank of Canada now owns 23,453 shares of the company’s stock valued at $334,000 after acquiring an additional 4,525 shares during the period. AQR Capital Management LLC lifted its holdings in Par Pacific by 118.2% in the first quarter. AQR Capital Management LLC now owns 164,358 shares of the company’s stock valued at $2,344,000 after acquiring an additional 89,023 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in Par Pacific by 4.6% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 32,304 shares of the company’s stock valued at $461,000 after acquiring an additional 1,427 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its holdings in Par Pacific by 4.7% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 146,241 shares of the company’s stock valued at $2,085,000 after acquiring an additional 6,618 shares during the period. Finally, Jane Street Group LLC lifted its holdings in Par Pacific by 352.7% in the first quarter. Jane Street Group LLC now owns 270,835 shares of the company’s stock valued at $3,862,000 after acquiring an additional 211,002 shares during the period. 92.15% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on the company. Weiss Ratings reissued a “hold (c+)” rating on shares of Par Pacific in a report on Friday, March 27th. UBS Group upped their target price on Par Pacific from $40.00 to $60.00 and gave the stock a “neutral” rating in a research note on Thursday, April 9th. Zacks Research raised Par Pacific from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, April 21st. Wall Street Zen downgraded Par Pacific from a “strong-buy” rating to a “buy” rating in a research note on Saturday, May 9th. Finally, Piper Sandler upped their target price on Par Pacific from $63.00 to $72.00 and gave the stock an “overweight” rating in a research note on Wednesday, April 8th. One research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $67.00.

Par Pacific Trading Down 4.2%

Shares of PARR stock opened at $60.42 on Thursday. The company has a debt-to-equity ratio of 0.63, a current ratio of 1.62 and a quick ratio of 0.60. The company has a market cap of $3.03 billion, a price-to-earnings ratio of 6.74 and a beta of 0.91. The stock has a 50 day simple moving average of $60.00 and a 200-day simple moving average of $47.18. Par Pacific Holdings, Inc. has a 1-year low of $18.78 and a 1-year high of $70.39.

Par Pacific (NYSE:PARR) last announced its earnings results on Tuesday, May 5th. The company reported $0.78 earnings per share for the quarter, missing the consensus estimate of $1.00 by ($0.22). Par Pacific had a return on equity of 34.38% and a net margin of 6.02%.The business had revenue of $1.82 billion for the quarter, compared to analyst estimates of $1.78 billion. During the same period in the previous year, the company earned ($0.94) earnings per share. The company’s quarterly revenue was up 4.5% compared to the same quarter last year. On average, equities research analysts expect that Par Pacific Holdings, Inc. will post 13.72 EPS for the current fiscal year.

Insider Transactions at Par Pacific

In other Par Pacific news, CEO William Monteleone sold 108,948 shares of the company’s stock in a transaction on Monday, March 16th. The stock was sold at an average price of $54.06, for a total value of $5,889,728.88. Following the completion of the sale, the chief executive officer directly owned 457,167 shares in the company, valued at $24,714,448.02. This represents a 19.24% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 3.60% of the stock is currently owned by insiders.

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.