Quantbot Technologies LP Purchases 46,615 Shares of Par Pacific Holdings, Inc. $PARR

Quantbot Technologies LP grew its position in Par Pacific Holdings, Inc. (NYSE:PARR) by 44.4% in the 3rd quarter, HoldingsChannel.com reports. The firm owned 151,664 shares of the company’s stock after purchasing an additional 46,615 shares during the period. Quantbot Technologies LP’s holdings in Par Pacific were worth $5,372,000 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. Royal Bank of Canada grew its position in Par Pacific by 23.9% in the 1st quarter. Royal Bank of Canada now owns 23,453 shares of the company’s stock worth $334,000 after purchasing an additional 4,525 shares in the last quarter. AQR Capital Management LLC grew its holdings in shares of Par Pacific by 118.2% in the first quarter. AQR Capital Management LLC now owns 164,358 shares of the company’s stock valued at $2,344,000 after acquiring an additional 89,023 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in shares of Par Pacific by 4.6% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 32,304 shares of the company’s stock valued at $461,000 after acquiring an additional 1,427 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its position in shares of Par Pacific by 4.7% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 146,241 shares of the company’s stock valued at $2,085,000 after acquiring an additional 6,618 shares during the last quarter. Finally, Jane Street Group LLC lifted its holdings in Par Pacific by 352.7% during the first quarter. Jane Street Group LLC now owns 270,835 shares of the company’s stock worth $3,862,000 after acquiring an additional 211,002 shares during the period. 92.15% of the stock is owned by institutional investors.

Par Pacific Stock Up 4.9%

PARR opened at $42.62 on Friday. Par Pacific Holdings, Inc. has a 12 month low of $11.86 and a 12 month high of $48.40. The company has a market cap of $2.09 billion, a PE ratio of 5.85 and a beta of 1.23. The company has a current ratio of 1.51, a quick ratio of 0.48 and a debt-to-equity ratio of 0.70. The company has a 50 day moving average of $38.39 and a 200 day moving average of $38.04.

Par Pacific (NYSE:PARR) last posted its earnings results on Tuesday, February 24th. The company reported $1.17 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.21 by ($0.04). The company had revenue of $1.81 billion for the quarter, compared to analysts’ expectations of $1.68 billion. Par Pacific had a return on equity of 32.01% and a net margin of 4.95%.The company’s revenue was down 1.0% on a year-over-year basis. During the same quarter in the prior year, the company earned ($0.79) EPS. On average, sell-side analysts expect that Par Pacific Holdings, Inc. will post 0.15 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on PARR shares. TD Cowen upped their price objective on Par Pacific from $39.00 to $48.00 and gave the company a “buy” rating in a research note on Friday. Zacks Research lowered shares of Par Pacific from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, December 16th. Piper Sandler set a $57.00 price objective on shares of Par Pacific in a report on Monday, January 12th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Par Pacific in a research report on Monday, December 29th. Finally, Raymond James Financial reissued an “outperform” rating and set a $50.00 target price on shares of Par Pacific in a research report on Wednesday. Four research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $47.33.

About Par Pacific

Par Pacific Holdings, Inc (NYSE: PARR) is a diversified downstream energy company engaged in the refining, marketing and logistics of petroleum products. Through its subsidiaries, Par Pacific operates the Par Hawaii Refinery on the island of Oʻahu, which processes crude oil into transportation fuels such as gasoline, diesel and jet fuel, as well as asphalt, petroleum coke and sulfur. In the Rocky Mountain region, the company owns and operates the Salt Lake City Refinery in Utah and associated logistics infrastructure, including pipelines and storage terminals, to support both crude supply and product distribution.

In marketing its refined products, Par Pacific maintains a network of branded and unbranded wholesale accounts across Hawaii and the U.S.