Par Pacific Holdings, Inc. (NYSE:PARR) Shares Bought by Nisa Investment Advisors LLC

Nisa Investment Advisors LLC increased its stake in Par Pacific Holdings, Inc. (NYSE:PARR) by 37.7% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 2,557 shares of the company’s stock after buying an additional 700 shares during the quarter. Nisa Investment Advisors LLC’s holdings in Par Pacific were worth $42,000 as of its most recent filing with the SEC.

Several other hedge funds have also modified their holdings of the stock. Pacer Advisors Inc. purchased a new position in Par Pacific in the 3rd quarter worth approximately $61,870,000. State Street Corp boosted its stake in shares of Par Pacific by 10.5% in the third quarter. State Street Corp now owns 3,461,282 shares of the company’s stock valued at $60,919,000 after purchasing an additional 328,325 shares during the period. Geode Capital Management LLC grew its holdings in Par Pacific by 0.6% during the 3rd quarter. Geode Capital Management LLC now owns 1,283,303 shares of the company’s stock valued at $22,591,000 after purchasing an additional 7,804 shares in the last quarter. Charles Schwab Investment Management Inc. increased its stake in Par Pacific by 1.8% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 741,626 shares of the company’s stock worth $13,053,000 after buying an additional 13,457 shares during the period. Finally, Yaupon Capital Management LP lifted its holdings in Par Pacific by 17.0% in the 3rd quarter. Yaupon Capital Management LP now owns 604,828 shares of the company’s stock worth $10,645,000 after buying an additional 87,881 shares in the last quarter. 92.15% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on the company. JPMorgan Chase & Co. lowered their target price on Par Pacific from $27.00 to $26.00 and set an “overweight” rating for the company in a research note on Thursday, January 16th. The Goldman Sachs Group lowered their price objective on Par Pacific from $23.00 to $20.00 and set a “neutral” rating for the company in a research note on Friday. Mizuho lowered Par Pacific from an “outperform” rating to a “neutral” rating and cut their target price for the company from $26.00 to $22.00 in a research report on Monday, December 16th. StockNews.com upgraded Par Pacific from a “sell” rating to a “hold” rating in a research note on Thursday, November 14th. Finally, Raymond James assumed coverage on shares of Par Pacific in a research note on Friday, January 24th. They issued an “outperform” rating and a $25.00 price target for the company. Seven analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $25.29.

Insider Activity

In other news, Director William Pate sold 67,700 shares of the business’s stock in a transaction 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 approximately $8,509,174.20. The trade was a 11.43 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Corporate insiders own 4.40% of the company’s stock.

Par Pacific Stock Performance

Par Pacific stock opened at $16.74 on Friday. The company has a debt-to-equity ratio of 0.84, a current ratio of 1.69 and a quick ratio of 0.66. Par Pacific Holdings, Inc. has a 12 month low of $14.84 and a 12 month high of $40.69. The company has a fifty day moving average price of $16.85 and a two-hundred day moving average price of $18.89. The company has a market cap of $936.60 million, a PE ratio of 3.24 and a beta of 2.00.

Par Pacific (NYSE:PARR) last posted its quarterly earnings results on Monday, November 4th. The company reported ($0.10) EPS for the quarter, beating the consensus estimate of ($0.12) by $0.02. The business 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 company’s quarterly revenue was down 16.9% on a year-over-year basis. During the same period in the previous year, the business posted $3.15 EPS. Research analysts expect that Par Pacific Holdings, Inc. will post 0.15 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.