Inspire Investing LLC Purchases 27,342 Shares of Par Pacific Holdings, Inc. $PARR

Inspire Investing LLC boosted its position in Par Pacific Holdings, Inc. (NYSE:PARR) by 206.1% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 40,606 shares of the company’s stock after purchasing an additional 27,342 shares during the quarter. Inspire Investing LLC owned about 0.08% of Par Pacific worth $2,544,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

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

Par Pacific Stock Up 4.1%

Shares of PARR opened at $56.88 on Tuesday. The firm has a market cap of $2.85 billion, a P/E ratio of 6.35 and a beta of 0.84. The stock has a 50 day simple moving average of $58.36 and a two-hundred day simple moving average of $50.18. The company has a debt-to-equity ratio of 0.63, a current ratio of 1.62 and a quick ratio of 0.60. Par Pacific Holdings, Inc. has a 1 year low of $26.41 and a 1 year high of $70.39.

Par Pacific (NYSE:PARR) last posted its quarterly earnings results on Tuesday, May 5th. The company reported $0.78 EPS for the quarter, missing the consensus estimate of $1.00 by ($0.22). The business had revenue of $1.82 billion for the quarter, compared to analysts’ expectations of $1.78 billion. Par Pacific had a return on equity of 34.38% and a net margin of 6.02%.The company’s revenue was up 4.5% compared to the same quarter last year. During the same period last year, the business posted ($0.94) earnings per share. On average, analysts forecast that Par Pacific Holdings, Inc. will post 15.6 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several analysts have weighed in on PARR shares. Zacks Research cut Par Pacific from a “strong-buy” rating to a “hold” rating in a report on Monday, June 8th. Piper Sandler boosted their price objective on Par Pacific from $63.00 to $72.00 and gave the stock an “overweight” rating in a report on Wednesday, April 8th. Raymond James Financial upped their price objective on shares of Par Pacific from $50.00 to $77.00 and gave the stock an “outperform” rating in a research report on Wednesday, March 25th. Guggenheim raised shares of Par Pacific to an “outperform” rating in a research note on Wednesday, May 27th. Finally, UBS Group lifted their target price on shares of Par Pacific from $40.00 to $60.00 and gave the company a “neutral” rating in a research report on Thursday, April 9th. Nine analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to MarketBeat.com, Par Pacific has a consensus rating of “Moderate Buy” and an average target price of $70.00.

About Par Pacific

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.