Islay Capital Management LLC Purchases 6,331 Shares of Par Pacific Holdings, Inc. (NYSE:PARR)

Islay Capital Management LLC lifted its position in Par Pacific Holdings, Inc. (NYSE:PARR) by 28.7% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 28,400 shares of the company’s stock after buying an additional 6,331 shares during the period. Islay Capital Management LLC’s holdings in Par Pacific were worth $1,033,000 as of its most recent SEC filing.

A number of other large investors have also recently added to or reduced their stakes in the company. SummerHaven Investment Management LLC increased its holdings in Par Pacific by 1.2% during the 4th quarter. SummerHaven Investment Management LLC now owns 27,703 shares of the company’s stock worth $1,008,000 after purchasing an additional 324 shares in the last quarter. Convergence Investment Partners LLC bought a new position in shares of Par Pacific in the 4th quarter valued at about $334,000. Semanteon Capital Management LP bought a new position in shares of Par Pacific in the 4th quarter valued at about $551,000. Bailard Inc. grew its holdings in shares of Par Pacific by 79.4% in the 4th quarter. Bailard Inc. now owns 18,300 shares of the company’s stock valued at $666,000 after acquiring an additional 8,100 shares in the last quarter. Finally, Yousif Capital Management LLC grew its holdings in shares of Par Pacific by 9.8% in the 4th quarter. Yousif Capital Management LLC now owns 30,476 shares of the company’s stock valued at $1,108,000 after acquiring an additional 2,712 shares in the last quarter. Institutional investors own 92.15% of the company’s stock.

Par Pacific Stock Performance

NYSE:PARR traded down $1.09 during mid-day trading on Tuesday, hitting $31.34. The stock had a trading volume of 256,583 shares, compared to its average volume of 833,238. Par Pacific Holdings, Inc. has a twelve month low of $20.30 and a twelve month high of $40.69. The stock has a market cap of $1.86 billion, a price-to-earnings ratio of 2.71 and a beta of 1.96. The company’s 50 day simple moving average is $36.19 and its 200 day simple moving average is $35.27. The company has a debt-to-equity ratio of 0.49, a quick ratio of 0.54 and a current ratio of 1.30.

Par Pacific (NYSE:PARR) last issued its earnings results on Tuesday, February 27th. The company reported $1.08 earnings per share (EPS) 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 firm had revenue of $2.18 billion during the quarter, compared to analyst estimates of $2.45 billion. On average, equities research analysts forecast that Par Pacific Holdings, Inc. will post 4.56 earnings per share for the current year.

Insiders Place Their Bets

In other Par Pacific news, 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 directly owns 13,176 shares in the company, valued at $492,650.64. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. In other Par Pacific news, 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 directly owns 13,176 shares in the company, valued at $492,650.64. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CAO Ivan Daniel Guerra sold 6,000 shares of the firm’s stock in a transaction that occurred 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 sale, the chief accounting officer now owns 16,200 shares of the company’s stock, valued at $607,338. The disclosure for this sale can be found here. Company insiders own 4.40% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have recently weighed in on PARR. StockNews.com cut Par Pacific from a “buy” rating to a “hold” rating in a report on Monday, March 4th. Piper Sandler raised their price objective on Par Pacific from $43.00 to $47.00 and gave the company an “overweight” rating in a report on Friday, April 5th. Three analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $36.75.

About Par Pacific

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.