State of Alaska Department of Revenue Has $565,000 Holdings in Par Pacific Holdings, Inc. (NYSE:PARR)

State of Alaska Department of Revenue lifted its holdings in Par Pacific Holdings, Inc. (NYSE:PARR) by 2.6% during the third quarter, HoldingsChannel.com reports. The firm owned 32,145 shares of the company’s stock after purchasing an additional 810 shares during the period. State of Alaska Department of Revenue’s holdings in Par Pacific were worth $565,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in the business. Private Advisor Group LLC raised its holdings in Par Pacific by 60.4% during the third quarter. Private Advisor Group LLC now owns 21,213 shares of the company’s stock worth $373,000 after acquiring an additional 7,987 shares in the last quarter. Creative Planning increased its position in shares of Par Pacific by 246.2% during the 3rd quarter. Creative Planning now owns 33,014 shares of the company’s stock worth $581,000 after purchasing an additional 23,478 shares during the last quarter. Simplicity Wealth LLC increased its position in shares of Par Pacific by 6.6% during the 3rd quarter. Simplicity Wealth LLC now owns 14,872 shares of the company’s stock worth $262,000 after purchasing an additional 923 shares during the last quarter. Quarry LP raised its stake in shares of Par Pacific by 610.5% during the 2nd quarter. Quarry LP now owns 2,359 shares of the company’s stock worth $60,000 after purchasing an additional 2,027 shares in the last quarter. Finally, Algert Global LLC boosted its holdings in shares of Par Pacific by 15.4% in the 2nd quarter. Algert Global LLC now owns 185,577 shares of the company’s stock valued at $4,686,000 after buying an additional 24,792 shares during the last quarter. Institutional investors and hedge funds own 92.15% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on the stock. TD Cowen lowered their target price on shares of Par Pacific from $36.00 to $32.00 and set a “buy” rating on the stock in a report on Friday, August 9th. StockNews.com lowered shares of Par Pacific from a “hold” rating to a “sell” rating in a research note on Wednesday. Mizuho cut their target price on shares of Par Pacific from $28.00 to $26.00 and set an “outperform” rating for the company in a research note on Wednesday, October 9th. UBS Group lowered their price target on Par Pacific from $40.00 to $29.00 and set a “neutral” rating on the stock in a research report on Monday, August 19th. Finally, Tudor Pickering raised Par Pacific to a “hold” rating in a research report on Monday, September 9th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat, Par Pacific currently has an average rating of “Hold” and an average target price of $28.00.

Par Pacific Stock Down 3.7 %

Par Pacific stock opened at $15.92 on Friday. The company’s 50-day moving average price is $18.26 and its two-hundred day moving average price is $23.24. The company has a quick ratio of 0.59, a current ratio of 1.63 and a debt-to-equity ratio of 0.84. The stock has a market cap of $896.77 million, a P/E ratio of 3.09 and a beta of 1.99. Par Pacific Holdings, Inc. has a twelve month low of $14.84 and a twelve month high of $40.69.

Par Pacific (NYSE:PARR) last announced 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. The company had revenue of $2.14 billion for the quarter, compared to analyst estimates of $1.88 billion. Par Pacific had a return on equity of 9.96% and a net margin of 3.74%. The firm’s quarterly revenue was down 16.9% compared to the same quarter last year. During the same quarter last year, the company earned $3.15 earnings per share. As a group, analysts expect that Par Pacific Holdings, Inc. will post 0.76 EPS for the current year.

About Par Pacific

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.