Bailard Inc. Boosts Holdings in Par Pacific Holdings, Inc. (NYSE:PARR)

Bailard Inc. boosted its holdings in shares of Par Pacific Holdings, Inc. (NYSE:PARR) by 79.4% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 18,300 shares of the company’s stock after buying an additional 8,100 shares during the quarter. Bailard Inc.’s holdings in Par Pacific were worth $666,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the business. SG Americas Securities LLC bought a new position in Par Pacific in the 3rd quarter worth $1,227,000. Koshinski Asset Management Inc. purchased a new stake in shares of Par Pacific in the third quarter valued at $286,000. Simplicity Solutions LLC raised its position in Par Pacific by 10.1% in the 3rd quarter. Simplicity Solutions LLC now owns 13,228 shares of the company’s stock worth $475,000 after purchasing an additional 1,209 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in shares of Par Pacific by 35.1% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 8,701 shares of the company’s stock worth $313,000 after acquiring an additional 2,262 shares during the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. lifted its position in shares of Par Pacific by 8.1% during the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 24,387 shares of the company’s stock worth $876,000 after purchasing an additional 1,834 shares during the last quarter. 92.15% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, CAO Ivan Daniel Guerra sold 6,000 shares of Par Pacific stock in a transaction that occurred on Wednesday, March 13th. The shares were sold at an average price of $37.49, for a total transaction of $224,940.00. Following the completion of the transaction, the chief accounting officer now directly owns 16,200 shares of the company’s stock, valued at approximately $607,338. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. In other Par Pacific news, insider Jeffrey Ryan Hollis sold 4,700 shares of the stock in a transaction that occurred on Wednesday, March 13th. The stock was sold at an average price of $37.39, for a total transaction of $175,733.00. Following the transaction, the insider now owns 13,176 shares in the company, valued at $492,650.64. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CAO Ivan Daniel Guerra sold 6,000 shares of the business’s stock in a transaction that occurred on Wednesday, March 13th. The shares were sold at an average price of $37.49, for a total value of $224,940.00. Following the completion of the sale, the chief accounting officer now owns 16,200 shares of the company’s stock, valued at $607,338. The disclosure for this sale can be found here. Insiders own 4.40% of the company’s stock.

Analysts Set New Price Targets

A number of analysts recently issued reports on the company. Piper Sandler boosted their price target on Par Pacific from $43.00 to $47.00 and gave the company an “overweight” rating in a report on Friday, April 5th. StockNews.com lowered Par Pacific from a “buy” rating to a “hold” rating in a research report on Monday, March 4th. Three research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat, Par Pacific has a consensus rating of “Hold” and an average target price of $36.75.

Par Pacific Price Performance

NYSE:PARR opened at $32.40 on Friday. The firm’s fifty day moving average is $36.34 and its two-hundred day moving average is $35.25. The firm has a market cap of $1.92 billion, a price-to-earnings ratio of 2.71 and a beta of 1.95. The company has a debt-to-equity ratio of 0.49, a quick ratio of 0.54 and a current ratio of 1.30. Par Pacific Holdings, Inc. has a one year low of $20.30 and a one year high of $40.69.

Par Pacific (NYSE:PARR) last issued its earnings results on Tuesday, February 27th. The company reported $1.08 EPS for the quarter, missing analysts’ consensus estimates of $1.11 by ($0.03). The company had revenue of $2.18 billion during the quarter, compared to analysts’ expectations of $2.45 billion. Par Pacific had a return on equity of 47.63% and a net margin of 8.85%. Research analysts expect that Par Pacific Holdings, Inc. will post 4.56 EPS for the current year.

About Par Pacific

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.