Par Pacific Holdings, Inc. (NYSE:PARR) Shares Purchased by Charles Schwab Investment Management Inc.

Charles Schwab Investment Management Inc. boosted its holdings in Par Pacific Holdings, Inc. (NYSE:PARR) by 1.8% during the third quarter, Holdings Channel reports. The institutional investor owned 741,626 shares of the company’s stock after buying an additional 13,457 shares during the period. Charles Schwab Investment Management Inc.’s holdings in Par Pacific were worth $13,053,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in PARR. Pacer Advisors Inc. purchased a new position in shares of Par Pacific during the 3rd quarter worth about $61,870,000. Dimensional Fund Advisors LP increased its position in Par Pacific by 0.8% during the second quarter. Dimensional Fund Advisors LP now owns 2,136,956 shares of the company’s stock worth $53,956,000 after purchasing an additional 17,509 shares during the last quarter. Millennium Management LLC raised its stake in Par Pacific by 48.4% during the second quarter. Millennium Management LLC now owns 1,952,754 shares of the company’s stock worth $49,307,000 after purchasing an additional 636,908 shares during the period. American Century Companies Inc. boosted its holdings in shares of Par Pacific by 13.9% in the 2nd quarter. American Century Companies Inc. now owns 1,435,794 shares of the company’s stock valued at $36,254,000 after purchasing an additional 175,331 shares during the last quarter. Finally, Thomist Capital Management LP grew its stake in shares of Par Pacific by 50.0% during the 2nd quarter. Thomist Capital Management LP now owns 559,277 shares of the company’s stock valued at $13,095,000 after buying an additional 186,411 shares during the period. Hedge funds and other institutional investors own 92.15% of the company’s stock.

Analysts Set New Price Targets

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

Par Pacific Price Performance

PARR opened at $16.07 on Monday. Par Pacific Holdings, Inc. has a twelve month low of $14.84 and a twelve month high of $40.69. The firm has a market cap of $899.12 million, a price-to-earnings ratio of 3.11 and a beta of 1.99. The company has a current ratio of 1.69, a quick ratio of 0.66 and a debt-to-equity ratio of 0.84. The company has a fifty day simple moving average of $17.17 and a 200 day simple moving average of $21.21.

Par Pacific (NYSE:PARR) last announced its earnings results on Monday, November 4th. The company reported ($0.10) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.12) by $0.02. The business 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 10.06% and a net margin of 3.74%. The company’s revenue for the quarter was down 16.9% compared to the same quarter last year. During the same period in the previous year, the company earned $3.15 earnings per share. Equities research analysts expect that Par Pacific Holdings, Inc. will post 0.83 EPS for the current fiscal 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.