Quantbot Technologies LP Purchases Shares of 58,175 Par Pacific Holdings, Inc. (NYSE:PARR)

Quantbot Technologies LP purchased a new stake in shares of Par Pacific Holdings, Inc. (NYSE:PARR) during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 58,175 shares of the company’s stock, valued at approximately $2,156,000. Quantbot Technologies LP owned approximately 0.10% of Par Pacific as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. McGlone Suttner Wealth Management Inc. bought a new position in shares of Par Pacific during the fourth quarter valued at about $30,000. Quadrant Capital Group LLC grew its stake in shares of Par Pacific by 91.4% during the fourth quarter. Quadrant Capital Group LLC now owns 959 shares of the company’s stock valued at $35,000 after buying an additional 458 shares during the last quarter. Navellier & Associates Inc. bought a new position in shares of Par Pacific during the fourth quarter valued at about $221,000. Range Financial Group LLC grew its stake in shares of Par Pacific by 9.8% during the first quarter. Range Financial Group LLC now owns 6,817 shares of the company’s stock valued at $253,000 after buying an additional 608 shares during the last quarter. Finally, PNC Financial Services Group Inc. grew its stake in shares of Par Pacific by 17.4% during the fourth quarter. PNC Financial Services Group Inc. now owns 6,920 shares of the company’s stock valued at $252,000 after buying an additional 1,024 shares during the last quarter. Hedge funds and other institutional investors own 92.15% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts recently issued reports on the company. TD Cowen cut their target price on Par Pacific from $42.00 to $36.00 and set a “buy” rating on the stock in a research note on Tuesday, June 25th. JPMorgan Chase & Co. cut their target price on Par Pacific from $38.00 to $36.00 and set a “neutral” rating on the stock in a research note on Tuesday, July 2nd. Finally, Piper Sandler cut their target price on Par Pacific from $43.00 to $37.00 and set an “overweight” rating on the stock in a research note on Friday, June 14th. Four equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to MarketBeat, Par Pacific presently has a consensus rating of “Hold” and an average target price of $36.20.

Par Pacific Stock Up 0.2 %

PARR traded up $0.05 on Friday, hitting $24.04. The company had a trading volume of 811,936 shares, compared to its average volume of 825,860. The stock has a fifty day simple moving average of $26.31 and a 200-day simple moving average of $32.67. Par Pacific Holdings, Inc. has a 52-week low of $22.77 and a 52-week high of $40.69. The firm has a market capitalization of $1.39 billion, a P/E ratio of 3.00 and a beta of 2.01. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.28 and a quick ratio of 0.50.

Par Pacific (NYSE:PARR) last released its earnings results on Monday, May 6th. The company reported $0.69 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.75 by ($0.06). Par Pacific had a net margin of 5.71% and a return on equity of 35.02%. The business had revenue of $1.98 billion for the quarter, compared to analysts’ expectations of $2.12 billion. As a group, equities analysts expect that Par Pacific Holdings, Inc. will post 2.09 EPS for the current fiscal 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.