Shares of Par Pacific Holdings, Inc. (NASDAQ:PARR) have been assigned a consensus rating of “Buy” from the seven ratings firms that are covering the company. Six equities research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. The average 12-month price target among analysts that have issued a report on the stock in the last year is $20.90.

PARR has been the topic of a number of recent research reports. Seaport Global Securities initiated coverage on Par Pacific Holdings in a research report on Thursday, September 8th. They set a “buy” rating and a $22.00 price target on the stock. Mizuho initiated coverage on Par Pacific Holdings in a research report on Wednesday, October 5th. They set a “buy” rating and a $20.00 price target on the stock. Zacks Investment Research raised Par Pacific Holdings from a “hold” rating to a “strong-buy” rating and set a $16.00 price target on the stock in a research report on Friday, September 16th. Finally, Miller Tabak raised Par Pacific Holdings from a “hold” rating to a “strong-buy” rating and upped their price target for the company from $24.00 to $25.30 in a research report on Wednesday, August 3rd.

Par Pacific Holdings (NASDAQ:PARR) opened at 14.80 on Thursday. The firm has a 50-day moving average price of $13.95 and a 200-day moving average price of $14.45. Par Pacific Holdings has a 52-week low of $12.18 and a 52-week high of $25.69. The company’s market cap is $673.49 million.

In other Par Pacific Holdings news, Director Melvyn N. Klein bought 4,000 shares of the firm’s stock in a transaction on Thursday, September 15th. The shares were acquired at an average cost of $13.05 per share, for a total transaction of $52,200.00. Following the purchase, the director now directly owns 23,339 shares of the company’s stock, valued at $304,573.95. The acquisition was disclosed in a filing with the SEC, which is available through this hyperlink. Also, major shareholder Whitebox Advisors Llc sold 105,700 shares of the company’s stock in a transaction dated Friday, November 18th. The stock was sold at an average price of $14.65, for a total value of $1,548,505.00. The disclosure for this sale can be found here.

A number of institutional investors have recently made changes to their positions in PARR. Barrow Hanley Mewhinney & Strauss LLC acquired a new position in shares of Par Pacific Holdings during the second quarter worth $1,185,000. Nationwide Fund Advisors raised its position in shares of Par Pacific Holdings by 15.3% in the second quarter. Nationwide Fund Advisors now owns 34,057 shares of the company’s stock worth $522,000 after buying an additional 4,508 shares in the last quarter. SECOR Capital Advisors LP raised its position in shares of Par Pacific Holdings by 111.7% in the second quarter. SECOR Capital Advisors LP now owns 38,955 shares of the company’s stock worth $598,000 after buying an additional 20,558 shares in the last quarter. Dimensional Fund Advisors LP raised its position in shares of Par Pacific Holdings by 22.1% in the second quarter. Dimensional Fund Advisors LP now owns 268,001 shares of the company’s stock worth $4,111,000 after buying an additional 48,490 shares in the last quarter. Finally, Brown Advisory Inc. raised its position in shares of Par Pacific Holdings by 74.5% in the second quarter. Brown Advisory Inc. now owns 1,931,828 shares of the company’s stock worth $29,634,000 after buying an additional 824,685 shares in the last quarter.

About Par Pacific Holdings

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