Par Pacific Holdings, Inc. $PARR Stock Position Reduced by Intech Investment Management LLC

Intech Investment Management LLC lessened its position in shares of Par Pacific Holdings, Inc. (NYSE:PARR) by 52.4% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 71,391 shares of the company’s stock after selling 78,442 shares during the period. Intech Investment Management LLC owned about 0.14% of Par Pacific worth $2,509,000 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. Federated Hermes Inc. bought a new position in Par Pacific during the 3rd quarter worth approximately $44,000. Aster Capital Management DIFC Ltd bought a new position in Par Pacific during the 3rd quarter worth approximately $48,000. Smartleaf Asset Management LLC lifted its holdings in Par Pacific by 81.1% during the 2nd quarter. Smartleaf Asset Management LLC now owns 2,340 shares of the company’s stock worth $62,000 after buying an additional 1,048 shares during the last quarter. Quadrant Capital Group LLC bought a new position in Par Pacific during the 3rd quarter worth approximately $136,000. Finally, Osaic Holdings Inc. lifted its holdings in Par Pacific by 19.7% during the 2nd quarter. Osaic Holdings Inc. now owns 5,838 shares of the company’s stock worth $154,000 after buying an additional 961 shares during the last quarter. Institutional investors own 92.15% of the company’s stock.

Insider Buying and Selling

In related news, CEO William Monteleone sold 108,948 shares of the firm’s stock in a transaction that occurred on Monday, March 16th. The stock was sold at an average price of $54.06, for a total value of $5,889,728.88. Following the sale, the chief executive officer directly owned 457,167 shares in the company, valued at $24,714,448.02. This trade represents a 19.24% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 3.60% of the stock is currently owned by corporate insiders.

Par Pacific Stock Up 0.6%

PARR opened at $57.45 on Wednesday. Par Pacific Holdings, Inc. has a 12 month low of $20.74 and a 12 month high of $70.39. The company has a debt-to-equity ratio of 0.63, a current ratio of 1.62 and a quick ratio of 0.60. The stock has a market cap of $2.88 billion, a P/E ratio of 6.41 and a beta of 0.83. The stock’s 50 day moving average price is $61.80 and its 200 day moving average price is $48.78.

Par Pacific (NYSE:PARR) last posted its earnings results on Tuesday, May 5th. The company reported $0.78 EPS for the quarter, missing the consensus estimate of $1.00 by ($0.22). Par Pacific had a net margin of 6.02% and a return on equity of 34.38%. The business had revenue of $1.82 billion during the quarter, compared to analyst estimates of $1.78 billion. During the same quarter in the prior year, the business earned ($0.94) earnings per share. The firm’s revenue was up 4.5% compared to the same quarter last year. As a group, research analysts predict that Par Pacific Holdings, Inc. will post 15.41 earnings per share for the current year.

Wall Street Analyst Weigh In

PARR has been the topic of a number of research analyst reports. Evercore raised Par Pacific to an “outperform” rating in a report on Wednesday, May 27th. The Goldman Sachs Group raised Par Pacific from a “neutral” rating to a “buy” rating and increased their target price for the stock from $53.00 to $77.00 in a report on Friday, April 10th. Mizuho raised Par Pacific from a “neutral” rating to an “outperform” rating and increased their target price for the stock from $58.00 to $79.00 in a report on Wednesday, May 27th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Par Pacific in a report on Friday, March 27th. Finally, Wall Street Zen upgraded Par Pacific from a “buy” rating to a “strong-buy” rating in a research report on Sunday, May 17th. One equities research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $70.00.

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.