Proficio Capital Partners LLC Takes Position in Par Pacific Holdings, Inc. (NYSE:PARR)

Proficio Capital Partners LLC bought a new position in shares of Par Pacific Holdings, Inc. (NYSE:PARR) in the 4th quarter, Holdings Channel reports. The fund bought 14,374 shares of the company’s stock, valued at approximately $236,000.

A number of other institutional investors also recently modified their holdings of the stock. Charles Schwab Investment Management Inc. lifted its holdings in shares of Par Pacific by 22.6% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 909,220 shares of the company’s stock worth $14,902,000 after purchasing an additional 167,594 shares in the last quarter. US Bancorp DE lifted its stake in Par Pacific by 55.7% during the 4th quarter. US Bancorp DE now owns 1,823 shares of the company’s stock valued at $30,000 after acquiring an additional 652 shares in the last quarter. New York State Common Retirement Fund boosted its holdings in Par Pacific by 19.1% during the 4th quarter. New York State Common Retirement Fund now owns 28,694 shares of the company’s stock worth $470,000 after acquiring an additional 4,600 shares during the last quarter. Sanctuary Advisors LLC grew its position in Par Pacific by 126.2% in the 4th quarter. Sanctuary Advisors LLC now owns 49,256 shares of the company’s stock worth $843,000 after purchasing an additional 27,480 shares in the last quarter. Finally, Principal Financial Group Inc. increased its stake in Par Pacific by 2.2% in the 4th quarter. Principal Financial Group Inc. now owns 271,242 shares of the company’s stock valued at $4,446,000 after buying an additional 5,710 shares during the last quarter. Institutional investors and hedge funds own 92.15% of the company’s stock.

Par Pacific Price Performance

NYSE PARR opened at $14.16 on Thursday. The company has a market cap of $775.01 million, a PE ratio of 2.74 and a beta of 2.01. The company has a quick ratio of 0.66, a current ratio of 1.69 and a debt-to-equity ratio of 0.84. The firm’s 50-day simple moving average is $15.51 and its two-hundred day simple moving average is $16.61. Par Pacific Holdings, Inc. has a 52 week low of $11.86 and a 52 week high of $40.20.

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

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on PARR shares. 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 report on Monday, December 16th. The Goldman Sachs Group decreased their target price on Par Pacific from $20.00 to $18.00 and set a “neutral” rating for the company in a research report on Thursday, February 27th. Raymond James began coverage on shares of Par Pacific in a report on Friday, January 24th. They issued an “outperform” rating and a $25.00 price target on the stock. JPMorgan Chase & Co. reduced their price target on shares of Par Pacific from $27.00 to $26.00 and set an “overweight” rating for the company in a research report on Thursday, January 16th. Finally, TD Cowen lowered their price objective on shares of Par Pacific from $21.00 to $17.00 and set a “buy” rating on the stock in a research report on Thursday, February 27th. One analyst has rated the stock with a sell rating, five have issued a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $22.57.

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.