Par Pacific Holdings, Inc. $PARR Shares Sold by SG Americas Securities LLC

SG Americas Securities LLC lowered its holdings in Par Pacific Holdings, Inc. (NYSE:PARR) by 86.6% during the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 75,339 shares of the company’s stock after selling 488,591 shares during the period. SG Americas Securities LLC’s holdings in Par Pacific were worth $4,719,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently bought and sold shares of PARR. JPMorgan Chase & Co. lifted its position in Par Pacific by 23.1% in the 3rd quarter. JPMorgan Chase & Co. now owns 565,772 shares of the company’s stock valued at $20,040,000 after purchasing an additional 106,131 shares during the last quarter. Wakefield Asset Management LLLP bought a new position in Par Pacific in the 3rd quarter worth about $1,330,000. LMG Wealth Partners LLC bought a new position in Par Pacific in the 4th quarter worth about $760,000. Massachusetts Financial Services Co. MA increased its stake in shares of Par Pacific by 105.8% in the fourth quarter. Massachusetts Financial Services Co. MA now owns 65,235 shares of the company’s stock valued at $2,292,000 after purchasing an additional 33,537 shares during the period. Finally, Barclays PLC increased its stake in shares of Par Pacific by 24.9% in the third quarter. Barclays PLC now owns 705,832 shares of the company’s stock valued at $25,001,000 after purchasing an additional 140,514 shares during the period. 92.15% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several brokerages have recently issued reports on PARR. Piper Sandler boosted their price objective on Par Pacific from $63.00 to $72.00 and gave the stock an “overweight” rating in a research report on Wednesday, April 8th. Mizuho upgraded Par Pacific from a “neutral” rating to an “outperform” rating and raised their target price for the company from $58.00 to $79.00 in a research report on Wednesday, May 27th. Weiss Ratings restated a “hold (c+)” rating on shares of Par Pacific in a research report on Wednesday, June 24th. UBS Group boosted their price target on Par Pacific from $40.00 to $60.00 and gave the stock a “neutral” rating in a research report on Thursday, April 9th. Finally, The Goldman Sachs Group raised Par Pacific from a “neutral” rating to a “buy” rating and increased their price target for the stock from $53.00 to $77.00 in a research note on Friday, April 10th. Nine analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $70.00.

Par Pacific Trading Up 4.1%

Shares of NYSE:PARR opened at $56.88 on Tuesday. The company has a 50 day moving average of $58.36 and a 200-day moving average of $50.18. The company has a current ratio of 1.62, a quick ratio of 0.60 and a debt-to-equity ratio of 0.63. The firm has a market cap of $2.85 billion, a P/E ratio of 6.35 and a beta of 0.84. Par Pacific Holdings, Inc. has a twelve month low of $26.41 and a twelve month high of $70.39.

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

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.