Shares of Par Pacific Holdings, Inc. (NYSEMKT:PARR) have been given a consensus rating of “Buy” by the seven brokerages that are currently covering the company. One research analyst has rated the stock with a sell recommendation, five have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1-year price target among analysts that have issued ratings on the stock in the last year is $21.72.

PARR has been the topic of several research reports. Miller Tabak raised Par Pacific Holdings from a “hold” rating to a “strong-buy” rating and increased their target price for the stock from $24.00 to $25.30 in a research note on Wednesday, August 3rd. Mizuho initiated coverage on Par Pacific Holdings in a research note on Thursday, October 6th. They set a “buy” rating and a $20.00 target price on the stock. Finally, Seaport Global Securities initiated coverage on Par Pacific Holdings in a research note on Thursday, September 8th. They set a “buy” rating and a $22.00 target price on the stock.

Shares of Par Pacific Holdings (NYSEMKT:PARR) traded down 0.14% during midday trading on Thursday, reaching $13.81. 195,707 shares of the company’s stock were exchanged. The company’s 50-day moving average is $13.24 and its 200-day moving average is $15.52. The stock’s market cap is $568.67 million. Par Pacific Holdings has a one year low of $12.18 and a one year high of $28.31.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Hancock Holding Co. increased its position in Par Pacific Holdings by 960.2% in the first quarter. Hancock Holding Co. now owns 352,048 shares of the company’s stock worth $6,604,000 after buying an additional 318,842 shares during the last quarter. Barclays PLC increased its position in Par Pacific Holdings by 135.5% in the first quarter. Barclays PLC now owns 50,872 shares of the company’s stock worth $916,000 after buying an additional 29,272 shares in the last quarter. Jacobs Levy Equity Management Inc. purchased a new position in Par Pacific Holdings during the first quarter worth about $308,000. Menta Capital LLC increased its position in Par Pacific Holdings by 8.6% in the first quarter. Menta Capital LLC now owns 55,016 shares of the company’s stock worth $1,032,000 after buying an additional 4,351 shares in the last quarter. Finally, Zebra Capital Management LLC increased its position in Par Pacific Holdings by 20.9% in the first quarter. Zebra Capital Management LLC now owns 24,029 shares of the company’s stock worth $451,000 after buying an additional 4,150 shares in the last quarter.

About Par Pacific Holdings

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