Par Pacific Holdings, Inc. (NYSE:PARR) Director Sells $1,098,094.00 in Stock

Par Pacific Holdings, Inc. (NYSE:PARR) Director William Pate sold 67,700 shares of the firm’s stock in a transaction that occurred on Thursday, December 12th. The shares were sold at an average price of $16.22, for a total transaction of $1,098,094.00. Following the completion of the transaction, the director now owns 524,610 shares of the company’s stock, valued at $8,509,174.20. This trade represents a 11.43 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink.

Par Pacific Trading Up 2.0 %

Shares of PARR stock opened at $16.46 on Monday. The business has a 50-day moving average price of $16.99 and a two-hundred day moving average price of $20.79. Par Pacific Holdings, Inc. has a 12-month low of $14.84 and a 12-month high of $40.69. The company has a quick ratio of 0.66, a current ratio of 1.69 and a debt-to-equity ratio of 0.84. The firm has a market cap of $920.94 million, a P/E ratio of 3.19 and a beta of 1.99.

Par Pacific (NYSE:PARR) last released its earnings results on Monday, November 4th. The company reported ($0.10) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.12) by $0.02. Par Pacific had a return on equity of 10.06% and a net margin of 3.74%. The company had revenue of $2.14 billion during the quarter, compared to the consensus estimate of $1.88 billion. During the same quarter in the previous year, the company posted $3.15 EPS. Par Pacific’s quarterly revenue was down 16.9% compared to the same quarter last year. Equities analysts anticipate that Par Pacific Holdings, Inc. will post 1.12 EPS for the current fiscal year.

Institutional Investors Weigh In On Par Pacific

A number of institutional investors have recently made changes to their positions in the business. Harbor Capital Advisors Inc. boosted its holdings in Par Pacific by 160.2% during the 3rd quarter. Harbor Capital Advisors Inc. now owns 513,254 shares of the company’s stock valued at $9,033,000 after acquiring an additional 315,967 shares during the period. WINTON GROUP Ltd lifted its position in Par Pacific by 802.8% in the second quarter. WINTON GROUP Ltd now owns 134,185 shares of the company’s stock valued at $3,388,000 after purchasing an additional 119,321 shares during the last quarter. Walleye Capital LLC boosted its stake in shares of Par Pacific by 1,014.3% during the third quarter. Walleye Capital LLC now owns 273,868 shares of the company’s stock valued at $4,820,000 after purchasing an additional 249,290 shares during the period. Algert Global LLC grew its holdings in shares of Par Pacific by 63.8% in the third quarter. Algert Global LLC now owns 303,970 shares of the company’s stock worth $5,350,000 after purchasing an additional 118,393 shares during the last quarter. Finally, Creative Planning increased its stake in shares of Par Pacific by 246.2% in the third quarter. Creative Planning now owns 33,014 shares of the company’s stock worth $581,000 after buying an additional 23,478 shares during the period. Hedge funds and other institutional investors own 92.15% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have commented on the stock. Mizuho cut their price target on shares of Par Pacific from $28.00 to $26.00 and set an “outperform” rating for the company in a report on Wednesday, October 9th. The Goldman Sachs Group dropped their price objective on Par Pacific from $32.00 to $28.00 and set a “neutral” rating for the company in a research note on Wednesday, October 9th. Tudor, Pickering, Holt & Co. lowered Par Pacific from a “buy” rating to a “hold” rating in a research note on Monday, September 9th. StockNews.com raised Par Pacific from a “sell” rating to a “hold” rating in a report on Thursday, November 14th. Finally, Piper Sandler lowered Par Pacific from an “overweight” rating to a “neutral” rating and cut their price objective for the stock from $37.00 to $23.00 in a report on Friday, September 20th. Six investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to MarketBeat, Par Pacific presently has a consensus rating of “Hold” and a consensus target price of $28.00.

Par Pacific Company 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.