Hussman Strategic Advisors Inc. Buys Shares of 42,000 Par Pacific Holdings, Inc. $PARR

Hussman Strategic Advisors Inc. bought a new stake in Par Pacific Holdings, Inc. (NYSE:PARR) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 42,000 shares of the company’s stock, valued at approximately $1,476,000.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in PARR. Royal Bank of Canada grew its stake 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 grew its stake 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. grew its stake 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 grew its stake 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 grew its stake 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.

Par Pacific Stock Performance

PARR opened at $65.47 on Monday. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.49 and a current ratio of 1.61. The business’s 50-day simple moving average is $56.92 and its 200 day simple moving average is $45.82. The firm has a market capitalization of $3.24 billion, a PE ratio of 8.98 and a beta of 0.91. Par Pacific Holdings, Inc. has a 52-week low of $14.00 and a 52-week high of $68.00.

Par Pacific (NYSE:PARR) last released its quarterly earnings data on Tuesday, February 24th. The company reported $1.17 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.21 by ($0.04). The business had revenue of $1.81 billion during the quarter, compared to the consensus estimate of $1.68 billion. Par Pacific had a net margin of 4.95% and a return on equity of 30.19%. Par Pacific’s quarterly revenue was down 1.0% on a year-over-year basis. During the same quarter in the prior year, the company earned ($0.79) EPS. As a group, sell-side analysts expect that Par Pacific Holdings, Inc. will post 14.19 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on the company. Raymond James Financial upped their price objective on Par Pacific from $50.00 to $77.00 and gave the stock an “outperform” rating in a research report on Wednesday, March 25th. Piper Sandler upped 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. JPMorgan Chase & Co. upped their price objective on Par Pacific from $48.00 to $77.00 and gave the stock an “overweight” rating in a research report on Wednesday, April 8th. UBS Group upped their price objective 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, Mizuho upped their price objective on Par Pacific from $49.00 to $58.00 and gave the stock a “neutral” rating in a research report on Tuesday, March 17th. One equities research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and three have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $67.00.

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 that occurred 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 sale, the chief executive officer owned 457,167 shares in the company, valued at $24,714,448.02. This represents 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 at this link. 3.60% of the stock is owned by corporate 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.