WINTON GROUP Ltd Sells 97,668 Shares of Par Pacific Holdings, Inc. $PARR

WINTON GROUP Ltd decreased its position in Par Pacific Holdings, Inc. (NYSE:PARR) by 91.5% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 9,096 shares of the company’s stock after selling 97,668 shares during the period. WINTON GROUP Ltd’s holdings in Par Pacific were worth $510,000 at the end of the most recent quarter.

A number of other institutional investors have also bought and sold shares of PARR. NewEdge Advisors LLC acquired a new stake in Par Pacific during the 1st quarter worth about $26,000. EverSource Wealth Advisors LLC lifted its stake in shares of Par Pacific by 32.0% in the 1st quarter. EverSource Wealth Advisors LLC now owns 713 shares of the company’s stock valued at $45,000 after purchasing an additional 173 shares during the period. C M Bidwell & Associates Ltd. acquired a new position in shares of Par Pacific in the 2nd quarter valued at about $66,000. Rockefeller Capital Management L.P. boosted its position in shares of Par Pacific by 385.6% during the 4th quarter. Rockefeller Capital Management L.P. now owns 1,962 shares of the company’s stock valued at $69,000 after purchasing an additional 1,558 shares in the last quarter. Finally, Integrated Wealth Concepts LLC bought a new stake in shares of Par Pacific during the 2nd quarter valued at about $121,000. Institutional investors own 92.15% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on the company. TD Cowen decreased their target price on Par Pacific from $100.00 to $95.00 and set a “buy” rating for the company in a research note on Friday, August 7th. Guggenheim raised Par Pacific to an “outperform” rating in a research note on Wednesday, May 27th. Raymond James Financial increased their price target on Par Pacific from $90.00 to $104.00 and gave the stock an “outperform” rating in a report on Monday. Weiss Ratings raised shares of Par Pacific from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Tuesday, September 8th. Finally, Benchmark reiterated a “buy” rating on shares of Par Pacific in a research note on Wednesday, July 8th. One analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat.com, Par Pacific has a consensus rating of “Buy” and an average target price of $84.29.

Par Pacific Price Performance

PARR stock opened at $83.59 on Wednesday. The stock has a market capitalization of $4.19 billion, a PE ratio of 4.88 and a beta of 0.77. The company’s 50-day moving average is $77.76 and its 200-day moving average is $64.88. The company has a debt-to-equity ratio of 0.38, a current ratio of 1.84 and a quick ratio of 0.76. Par Pacific Holdings, Inc. has a 1 year low of $33.21 and a 1 year high of $87.03.

Par Pacific (NYSE:PARR) last issued its earnings results on Tuesday, August 4th. The company reported $10.10 EPS for the quarter, beating analysts’ consensus estimates of $8.22 by $1.88. Par Pacific had a return on equity of 56.19% and a net margin of 9.94%.The business had revenue of $2.97 billion during the quarter, compared to analyst estimates of $2.40 billion. During the same period in the previous year, the company posted $1.54 EPS. The firm’s revenue was up 56.8% compared to the same quarter last year. Equities research analysts expect that Par Pacific Holdings, Inc. will post 21.33 EPS for the current fiscal year.

Insiders Place Their Bets

In other Par Pacific news, insider Danielle Mattiussi sold 3,278 shares of the firm’s stock in a transaction that occurred on Friday, August 7th. The stock was sold at an average price of $67.29, for a total value of $220,576.62. Following the completion of the sale, the insider owned 27,878 shares of the company’s stock, valued at approximately $1,875,910.62. This trade represents a 10.52% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Timothy Clossey sold 10,970 shares of the firm’s stock in a transaction that occurred on Thursday, September 10th. The shares were sold at an average price of $84.00, for a total value of $921,480.00. Following the completion of the sale, the director directly owned 51,526 shares of the company’s stock, valued at $4,328,184. This trade represents a 17.55% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders have sold 54,248 shares of company stock worth $4,394,057. Corporate insiders own 3.60% of the company’s stock.

About Par Pacific

Par Pacific Holdings, Inc (NYSE:PARR) is an energy company engaged in refining, logistics and retail operations. The company processes crude oil into transportation fuels and other refined products, including gasoline, diesel, jet fuel and asphalt, which it sells through wholesale and retail channels.

Par Pacific operates refining and fuel-distribution assets serving markets in Hawaii and the western United States, including the Rocky Mountain region. Its logistics operations include fuel terminals, pipelines, storage facilities and related infrastructure used to transport and distribute crude oil and refined petroleum products.

The company also operates retail fuel stations and convenience stores under various brand names, primarily in Hawaii and other western markets.