FJ Investments LLC Acquires Shares of 991,107 Par Pacific Holdings, Inc. $PARR

FJ Investments LLC bought a new position in Par Pacific Holdings, Inc. (NYSE:PARR) in the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor bought 991,107 shares of the company’s stock, valued at approximately $26,294,000. Par Pacific makes up 1.9% of FJ Investments LLC’s portfolio, making the stock its 5th biggest holding. FJ Investments LLC owned approximately 1.92% of Par Pacific at the end of the most recent reporting period.

A number of other large investors also recently made changes to their positions in the company. Nuveen LLC purchased a new position in Par Pacific during the first quarter worth about $12,750,000. Walleye Capital LLC lifted its position in shares of Par Pacific by 365.4% during the 1st quarter. Walleye Capital LLC now owns 424,549 shares of the company’s stock worth $6,054,000 after buying an additional 333,319 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its stake in shares of Par Pacific by 32.6% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 1,205,756 shares of the company’s stock worth $17,194,000 after buying an additional 296,536 shares during the last quarter. Jump Financial LLC bought a new position in shares of Par Pacific in the first quarter valued at approximately $3,289,000. Finally, Jane Street Group LLC increased its position in shares of Par Pacific by 352.7% during the first quarter. Jane Street Group LLC now owns 270,835 shares of the company’s stock valued at $3,862,000 after acquiring an additional 211,002 shares during the last quarter. 92.15% of the stock is owned by institutional investors.

Par Pacific Price Performance

NYSE PARR opened at $41.16 on Friday. The company has a quick ratio of 0.56, a current ratio of 1.42 and a debt-to-equity ratio of 0.97. The company has a market cap of $2.09 billion, a PE ratio of -146.99 and a beta of 1.74. Par Pacific Holdings, Inc. has a 52 week low of $11.86 and a 52 week high of $41.82. The firm’s 50-day simple moving average is $36.45 and its two-hundred day simple moving average is $29.44.

Par Pacific (NYSE:PARR) last posted its quarterly earnings results on Tuesday, November 4th. The company reported $5.95 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.98 by $3.97. The company had revenue of $2.01 billion for the quarter, compared to analyst estimates of $1.72 billion. Par Pacific had a negative net margin of 0.25% and a negative return on equity of 1.79%. The company’s quarterly revenue was down 6.1% compared to the same quarter last year. During the same quarter in the previous year, the firm posted ($0.10) earnings per share. Research analysts predict that Par Pacific Holdings, Inc. will post 0.15 earnings per share for the current year.

Wall Street Analysts Forecast Growth

PARR has been the topic of several research analyst reports. Tudor Pickering raised Par Pacific from a “hold” rating to a “strong-buy” rating in a research report on Thursday. Mizuho boosted their price target on shares of Par Pacific from $34.00 to $40.00 and gave the stock a “neutral” rating in a report on Monday, September 15th. Piper Sandler increased their price target on shares of Par Pacific from $39.00 to $44.00 and gave the company an “overweight” rating in a research report on Thursday, September 11th. TD Cowen lowered their price objective on shares of Par Pacific from $35.00 to $33.00 and set a “buy” rating on the stock in a research report on Thursday, August 7th. Finally, Wall Street Zen upgraded shares of Par Pacific from a “buy” rating to a “strong-buy” rating in a research note on Saturday, September 13th. Two analysts have rated the stock with a Strong Buy rating, six have given a Buy rating and four have issued a Hold rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $38.29.

Insider Buying and Selling at Par Pacific

In other Par Pacific news, insider Shawn David Flores sold 8,062 shares of the business’s stock in a transaction on Tuesday, September 2nd. The shares were sold at an average price of $34.50, for a total transaction of $278,139.00. Following the sale, the insider owned 39,089 shares of the company’s stock, valued at $1,348,570.50. The trade was a 17.10% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Jeffrey Ryan Hollis sold 5,228 shares of the firm’s stock in a transaction on Tuesday, September 2nd. The stock was sold at an average price of $34.55, for a total value of $180,627.40. Following the completion of the transaction, the insider directly owned 24,679 shares of the company’s stock, valued at $852,659.45. The trade was a 17.48% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders have sold 41,802 shares of company stock worth $1,516,303. Company insiders own 4.40% of the company’s stock.

Par Pacific Profile

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.