Shares of Par Pacific Holdings, Inc. (NASDAQ:PARR) have received an average rating of “Buy” from the seven research firms that are covering the stock. Five investment analysts have rated the stock with a buy rating and two have issued a strong buy rating on the company. The average 1-year price target among brokerages that have issued ratings on the stock in the last year is $21.47.

A number of brokerages have recently issued reports on PARR. Zacks Investment Research upgraded Par Pacific Holdings from a “sell” rating to a “hold” rating in a research report on Wednesday, January 18th. Mizuho restated a “buy” rating and set a $22.00 price objective (up from $20.00) on shares of Par Pacific Holdings in a research report on Saturday, March 11th.

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In other Par Pacific Holdings news, insider Joseph Israel sold 13,914 shares of Par Pacific Holdings stock in a transaction that occurred on Tuesday, March 14th. The stock was sold at an average price of $15.66, for a total value of $217,893.24. Following the completion of the sale, the insider now directly owns 65,147 shares in the company, valued at $1,020,202.02. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, major shareholder Whitebox Advisors Llc sold 140,829 shares of Par Pacific Holdings stock in a transaction that occurred on Friday, March 3rd. The stock was sold at an average price of $15.65, for a total value of $2,203,973.85. The disclosure for this sale can be found here.

A number of large investors have recently modified their holdings of PARR. Russell Investments Group Ltd. acquired a new stake in shares of Par Pacific Holdings during the fourth quarter worth $411,000. Cyrus Capital Partners L.P. acquired a new stake in shares of Par Pacific Holdings during the third quarter worth $3,958,000. Raffles Associates LP acquired a new stake in shares of Par Pacific Holdings during the third quarter worth $392,000. Park West Asset Management LLC increased its stake in shares of Par Pacific Holdings by 152.6% in the third quarter. Park West Asset Management LLC now owns 1,255,987 shares of the company’s stock worth $16,428,000 after buying an additional 758,835 shares during the last quarter. Finally, Highbridge Capital Management LLC increased its stake in shares of Par Pacific Holdings by 15.6% in the third quarter. Highbridge Capital Management LLC now owns 255,254 shares of the company’s stock worth $3,339,000 after buying an additional 34,376 shares during the last quarter.

Shares of Par Pacific Holdings (NASDAQ:PARR) opened at 16.07 on Thursday. The firm’s market cap is $731.80 million. The stock has a 50 day moving average price of $15.01 and a 200 day moving average price of $14.23. Par Pacific Holdings has a 12-month low of $12.18 and a 12-month high of $20.00.

Par Pacific Holdings Company Profile

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