259,847 Shares in Par Pacific Holdings, Inc. $PARR Purchased by Pacer Advisors Inc.

Pacer Advisors Inc. acquired a new position in shares of Par Pacific Holdings, Inc. (NYSE:PARR) during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 259,847 shares of the company’s stock, valued at approximately $16,277,000.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. NewEdge Advisors LLC bought a new position in Par Pacific in the 1st quarter worth approximately $26,000. EverSource Wealth Advisors LLC boosted its position in Par Pacific by 32.0% in the 1st quarter. EverSource Wealth Advisors LLC now owns 713 shares of the company’s stock valued at $45,000 after buying an additional 173 shares during the last quarter. Smartleaf Asset Management LLC boosted its position in Par Pacific by 81.1% in the 2nd quarter. Smartleaf Asset Management LLC now owns 2,340 shares of the company’s stock valued at $62,000 after buying an additional 1,048 shares during the last quarter. Aster Capital Management DIFC Ltd increased its stake in shares of Par Pacific by 34.9% in the 4th quarter. Aster Capital Management DIFC Ltd now owns 1,847 shares of the company’s stock valued at $65,000 after buying an additional 478 shares during the period. Finally, Rockefeller Capital Management L.P. increased its stake in shares of Par Pacific by 385.6% in the 4th quarter. Rockefeller Capital Management L.P. now owns 1,962 shares of the company’s stock valued at $69,000 after buying an additional 1,558 shares during the period. Institutional investors and hedge funds own 92.15% of the company’s stock.

Par Pacific Stock Performance

Shares of Par Pacific stock opened at $82.91 on Wednesday. The firm has a fifty day moving average of $64.07 and a two-hundred day moving average of $56.69. The stock has a market capitalization of $4.16 billion, a price-to-earnings ratio of 9.25 and a beta of 0.78. Par Pacific Holdings, Inc. has a 52 week low of $26.83 and a 52 week high of $87.03. The company has a debt-to-equity ratio of 0.63, a quick ratio of 0.60 and a current ratio of 1.62.

Par Pacific (NYSE:PARR) last posted its earnings results on Tuesday, August 4th. The company reported $10.10 earnings per share (EPS) for the quarter, topping the consensus estimate of $8.22 by $1.88. Par Pacific had a return on equity of 34.38% and a net margin of 6.02%.The company had revenue of $2.97 billion during the quarter, compared to analyst estimates of $2.40 billion. During the same period in the previous year, the company earned $1.54 EPS. The company’s revenue for the quarter was up 56.8% compared to the same quarter last year. As a group, equities research analysts predict that Par Pacific Holdings, Inc. will post 18.6 EPS for the current year.

Wall Street Analysts Forecast Growth

PARR has been the subject of a number of recent research reports. TD Cowen boosted their target price on Par Pacific from $78.00 to $100.00 and gave the stock a “buy” rating in a research report on Tuesday, July 21st. Piper Sandler lifted their price objective on Par Pacific from $63.00 to $72.00 and gave the stock an “overweight” rating in a research report on Wednesday, April 8th. Weiss Ratings reissued a “hold (c+)” rating on shares of Par Pacific in a report on Wednesday, June 24th. Guggenheim raised Par Pacific to an “outperform” rating in a report on Wednesday, May 27th. Finally, UBS Group upped their target price on shares of Par Pacific from $60.00 to $65.00 and gave the company a “neutral” rating in a research report on Wednesday, July 8th. One equities research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $81.57.

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.