Par Pacific Holdings, Inc. (NYSE:PARR) Shares Bought by GAMMA Investing LLC

GAMMA Investing LLC lifted its position in shares of Par Pacific Holdings, Inc. (NYSE:PARR) by 232.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,669 shares of the company’s stock after acquiring an additional 1,167 shares during the quarter. GAMMA Investing LLC’s holdings in Par Pacific were worth $27,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in PARR. Headlands Technologies LLC lifted its holdings in Par Pacific by 215.1% in the second quarter. Headlands Technologies LLC now owns 1,166 shares of the company’s stock valued at $29,000 after acquiring an additional 796 shares during the period. State of Alaska Department of Revenue lifted its stake in shares of Par Pacific by 2.6% in the third quarter. State of Alaska Department of Revenue now owns 32,145 shares of the company’s stock valued at $565,000 after purchasing an additional 810 shares during the period. Martingale Asset Management L P boosted its holdings in Par Pacific by 1.9% during the third quarter. Martingale Asset Management L P now owns 48,221 shares of the company’s stock worth $849,000 after buying an additional 921 shares in the last quarter. Simplicity Wealth LLC grew its position in Par Pacific by 6.6% during the third quarter. Simplicity Wealth LLC now owns 14,872 shares of the company’s stock worth $262,000 after buying an additional 923 shares during the period. Finally, Janney Montgomery Scott LLC increased its holdings in Par Pacific by 2.4% in the third quarter. Janney Montgomery Scott LLC now owns 52,804 shares of the company’s stock valued at $929,000 after buying an additional 1,226 shares in the last quarter. 92.15% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other Par Pacific news, Director William Pate sold 67,700 shares of the company’s stock in a transaction dated 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 sale, the director now directly owns 524,610 shares in the company, valued at $8,509,174.20. This represents a 11.43 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 4.40% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

Several research firms have weighed in on PARR. Mizuho lowered Par Pacific from an “outperform” rating to a “neutral” rating and lowered their target price for the company from $26.00 to $22.00 in a report on Monday, December 16th. Piper Sandler cut shares of Par Pacific from an “overweight” rating to a “neutral” rating and lowered their price objective for the company from $37.00 to $23.00 in a research note on Friday, September 20th. The Goldman Sachs Group cut their target price on shares of Par Pacific from $26.00 to $23.00 and set a “neutral” rating for the company in a research report on Thursday, December 19th. JPMorgan Chase & Co. raised shares of Par Pacific from a “neutral” rating to an “overweight” rating and reduced their price target for the company from $36.00 to $30.00 in a report on Wednesday, October 2nd. Finally, StockNews.com raised shares of Par Pacific from a “sell” rating to a “hold” rating in a research note on Thursday, November 14th. Seven research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. According to MarketBeat, Par Pacific currently has a consensus rating of “Hold” and an average target price of $26.50.

Par Pacific Trading Down 1.3 %

NYSE:PARR opened at $17.98 on Wednesday. Par Pacific Holdings, Inc. has a 1 year low of $14.84 and a 1 year high of $40.69. The business has a fifty day moving average of $16.72 and a 200-day moving average of $19.45. The company has a debt-to-equity ratio of 0.84, a quick ratio of 0.66 and a current ratio of 1.69. The stock has a market cap of $1.01 billion, a price-to-earnings ratio of 3.48 and a beta of 2.00.

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

Par Pacific 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.