Zacks Investment Research upgraded shares of Par Pacific Holdings, Inc. (NASDAQ:PARR) from a hold rating to a buy rating in a report published on Wednesday morning. Zacks Investment Research currently has $16.00 target price on the stock.

According to Zacks, “Par Pacific Holdings, Inc. manages and maintains interests in energy and infrastructure businesses. The company’s operating segment consists of refining, retail and logistics. It also markets and distributes crude oil from the Western United States and Canada to refining hubs in the Midwest, Gulf Coast, East Coast and to Hawaii. Par Pacific Holdings, Inc., formerly known as Par Petroleum Corporation, is headquartered in Houston, Texas. “

Several other research firms have also recently weighed in on PARR. Mizuho started coverage on shares of Par Pacific Holdings in a report on Wednesday, October 5th. They set a buy rating and a $20.00 price objective for the company. Miller Tabak raised shares of Par Pacific Holdings from a hold rating to a strong-buy rating and boosted their price objective for the company from $24.00 to $25.30 in a report on Wednesday, August 3rd. Finally, Seaport Global Securities started coverage on shares of Par Pacific Holdings in a report on Thursday, September 8th. They set a buy rating and a $22.00 price objective for the company. Four investment analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company. Par Pacific Holdings currently has a consensus rating of Buy and a consensus price target of $20.66.

Shares of Par Pacific Holdings (NASDAQ:PARR) traded up 0.07% on Wednesday, reaching $14.73. 78,131 shares of the company’s stock traded hands. The stock’s market cap is $670.30 million. Par Pacific Holdings has a 52-week low of $12.18 and a 52-week high of $28.31. The firm’s 50-day moving average is $13.83 and its 200-day moving average is $14.56.

In other Par Pacific Holdings news, Director Melvyn N. Klein bought 4,000 shares of Par Pacific Holdings stock in a transaction on Thursday, September 15th. The stock was acquired at an average cost of $13.05 per share, with a total value of $52,200.00. Following the completion of the acquisition, the director now owns 23,339 shares in the company, valued at $304,573.95. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, major shareholder Whitebox Advisors Llc sold 446,229 shares of the company’s stock in a transaction that occurred on Thursday, September 8th. The shares were sold at an average price of $12.97, for a total transaction of $5,787,590.13. The disclosure for this sale can be found here.

A number of hedge funds have recently made changes to their positions in the stock. Panagora Asset Management Inc. raised its position in Par Pacific Holdings by 1.6% in the third quarter. Panagora Asset Management Inc. now owns 13,482 shares of the company’s stock worth $176,000 after buying an additional 209 shares during the last quarter. UBS Asset Management Americas Inc. raised its position in Par Pacific Holdings by 11.9% in the third quarter. UBS Asset Management Americas Inc. now owns 14,998 shares of the company’s stock worth $196,000 after buying an additional 1,598 shares during the last quarter. Schroder Investment Management Group raised its position in Par Pacific Holdings by 13.8% in the third quarter. Schroder Investment Management Group now owns 14,499 shares of the company’s stock worth $190,000 after buying an additional 1,759 shares during the last quarter. California Public Employees Retirement System raised its position in Par Pacific Holdings by 9.9% in the third quarter. California Public Employees Retirement System now owns 28,023 shares of the company’s stock worth $366,000 after buying an additional 2,523 shares during the last quarter. Finally, Governors Lane LP raised its position in Par Pacific Holdings by 9.9% in the third quarter. Governors Lane LP now owns 29,015 shares of the company’s stock worth $380,000 after buying an additional 2,613 shares during the last quarter.

5 Day Chart for NASDAQ:PARR

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