Sanctuary Advisors LLC Raises Stock Holdings in Par Pacific Holdings, Inc. (NYSE:PARR)

Sanctuary Advisors LLC boosted its stake in shares of Par Pacific Holdings, Inc. (NYSE:PARR) by 126.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 49,256 shares of the company’s stock after purchasing an additional 27,480 shares during the quarter. Sanctuary Advisors LLC’s holdings in Par Pacific were worth $843,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds also recently added to or reduced their stakes in PARR. Creative Planning lifted its position in shares of Par Pacific by 246.2% during the third quarter. Creative Planning now owns 33,014 shares of the company’s stock valued at $581,000 after buying an additional 23,478 shares during the last quarter. Private Advisor Group LLC raised its stake in shares of Par Pacific by 60.4% during the 3rd 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. State of Alaska Department of Revenue lifted its position in Par Pacific by 2.6% during the third quarter. State of Alaska Department of Revenue now owns 32,145 shares of the company’s stock valued at $565,000 after acquiring an additional 810 shares during the last quarter. Janney Montgomery Scott LLC boosted its stake 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 acquiring an additional 1,226 shares in the last quarter. Finally, Harbor Capital Advisors Inc. grew its holdings in Par Pacific by 160.2% in the third quarter. Harbor Capital Advisors Inc. now owns 513,254 shares of the company’s stock worth $9,033,000 after purchasing an additional 315,967 shares during the last quarter. Hedge funds and other institutional investors own 92.15% of the company’s stock.

Insider Buying and Selling at Par Pacific

In other Par Pacific news, Director William Pate sold 67,700 shares of Par Pacific stock in a transaction on Thursday, December 12th. The shares were sold at an average price of $16.22, for a total value 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 4.40% of the stock is currently owned by corporate insiders.

Par Pacific Stock Up 1.3 %

PARR stock opened at $14.12 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. The firm’s fifty day simple moving average is $16.67 and its 200-day simple moving average is $17.78. Par Pacific Holdings, Inc. has a 12 month low of $13.40 and a 12 month high of $40.20. The company has a market capitalization of $789.82 million, a P/E ratio of 2.74 and a beta of 1.99.

Par Pacific (NYSE:PARR) last posted its quarterly earnings results on Tuesday, February 25th. The company reported ($0.79) EPS for the quarter, missing the consensus estimate of ($0.15) by ($0.64). The business had revenue of $1.83 billion during the quarter, compared to analysts’ expectations of $1.68 billion. Par Pacific had a net margin of 3.74% and a return on equity of 10.06%. As a group, equities research analysts forecast that Par Pacific Holdings, Inc. will post 0.15 earnings per share for the current year.

Analysts Set New Price Targets

Several brokerages recently issued reports on PARR. Mizuho lowered Par Pacific from an “outperform” rating to a “neutral” rating and reduced their target price for the company from $26.00 to $22.00 in a research report on Monday, December 16th. TD Cowen decreased their price objective on shares of Par Pacific from $21.00 to $17.00 and set a “buy” rating for the company in a research report on Thursday. Raymond James assumed coverage on shares of Par Pacific in a research report on Friday, January 24th. They set an “outperform” rating and a $25.00 target price on the stock. JPMorgan Chase & Co. decreased their price target on shares of Par Pacific from $27.00 to $26.00 and set an “overweight” rating for the company in a report on Thursday, January 16th. Finally, StockNews.com upgraded shares of Par Pacific from a “sell” rating to a “hold” rating in a research note on Thursday, November 14th. Seven equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat, Par Pacific presently has a consensus rating of “Hold” and a consensus price target of $22.86.

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.