Linden Thomas Advisory Services LLC Decreases Stock Position in Par Pacific Holdings, Inc. (NYSE:PARR)

Linden Thomas Advisory Services LLC decreased its position in shares of Par Pacific Holdings, Inc. (NYSE:PARR) by 1.2% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 42,505 shares of the company’s stock after selling 496 shares during the period. Linden Thomas Advisory Services LLC’s holdings in Par Pacific were worth $1,546,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. McGlone Suttner Wealth Management Inc. acquired a new stake in shares of Par Pacific during the fourth quarter valued at about $30,000. Quantbot Technologies LP purchased a new position in Par Pacific in the third quarter valued at about $40,000. CIBC Asset Management Inc acquired a new stake in Par Pacific during the 3rd quarter valued at approximately $214,000. Counterpoint Mutual Funds LLC increased its holdings in Par Pacific by 43.6% during the 3rd quarter. Counterpoint Mutual Funds LLC now owns 7,265 shares of the company’s stock worth $261,000 after purchasing an additional 2,205 shares during the last quarter. Finally, AlphaMark Advisors LLC acquired a new position in shares of Par Pacific in the 4th quarter valued at approximately $271,000. Institutional investors and hedge funds own 92.15% of the company’s stock.

Insider Buying and Selling

In related news, CAO Ivan Daniel Guerra sold 6,000 shares of the company’s stock in a transaction on Wednesday, March 13th. The stock was sold at an average price of $37.49, for a total transaction of $224,940.00. Following the completion of the transaction, the chief accounting officer now directly owns 16,200 shares in the company, valued at approximately $607,338. The sale was disclosed in a document filed with the SEC, which is available through this link. In other Par Pacific news, CAO Ivan Daniel Guerra sold 6,000 shares of the company’s stock in a transaction dated Wednesday, March 13th. The shares were sold at an average price of $37.49, for a total value of $224,940.00. Following the completion of the transaction, the chief accounting officer now owns 16,200 shares in the company, valued at approximately $607,338. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, insider Jeffrey Ryan Hollis sold 4,700 shares of the firm’s stock in a transaction that occurred on Wednesday, March 13th. The shares were sold at an average price of $37.39, for a total transaction of $175,733.00. Following the completion of the sale, the insider now owns 13,176 shares in the company, valued at approximately $492,650.64. The disclosure for this sale can be found here. 4.40% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on the stock. StockNews.com downgraded shares of Par Pacific from a “buy” rating to a “hold” rating in a research report on Monday, March 4th. Piper Sandler increased their price objective on shares of Par Pacific from $43.00 to $47.00 and gave the company an “overweight” rating in a research note on Friday, April 5th. Three investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $36.75.

Par Pacific Stock Performance

Shares of PARR traded up $0.01 during mid-day trading on Wednesday, hitting $32.76. The stock had a trading volume of 187,981 shares, compared to its average volume of 842,577. The company has a quick ratio of 0.54, a current ratio of 1.30 and a debt-to-equity ratio of 0.49. The company has a market cap of $1.94 billion, a PE ratio of 2.74 and a beta of 1.95. Par Pacific Holdings, Inc. has a fifty-two week low of $20.30 and a fifty-two week high of $40.69. The company’s fifty day simple moving average is $36.79 and its two-hundred day simple moving average is $35.29.

Par Pacific (NYSE:PARR) last released its earnings results on Tuesday, February 27th. The company reported $1.08 earnings per share for the quarter, missing the consensus estimate of $1.11 by ($0.03). Par Pacific had a net margin of 8.85% and a return on equity of 47.63%. The business had revenue of $2.18 billion for the quarter, compared to the consensus estimate of $2.45 billion. On average, equities analysts expect that Par Pacific Holdings, Inc. will post 4.56 earnings per share for the current year.

Par Pacific Company Profile

Par Pacific Holdings, Inc owns and operates energy and infrastructure businesses. The company operates through Refining, Retail, and Logistics segments. The Refining segment owns and operates refineries that produce gasoline, distillate, asphalt, and other products primarily for consumption in Kapolei, Hawaii, Newcastle, Wyoming, Tacoma, Washington, and Billings, Montana.