Janus Henderson Group PLC Boosts Stock Holdings in Par Pacific Holdings, Inc. (NYSE:PARR)

Janus Henderson Group PLC lifted its holdings in Par Pacific Holdings, Inc. (NYSE:PARR) by 21.7% in the 3rd quarter, according to its most recent filing with the SEC. The firm owned 44,342 shares of the company’s stock after purchasing an additional 7,903 shares during the period. Janus Henderson Group PLC owned about 0.08% of Par Pacific worth $781,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Harbor Capital Advisors Inc. lifted its holdings in Par Pacific by 160.2% during the third quarter. Harbor Capital Advisors Inc. now owns 513,254 shares of the company’s stock worth $9,033,000 after buying an additional 315,967 shares during the period. WINTON GROUP Ltd lifted its stake in shares of Par Pacific by 802.8% during the 2nd quarter. WINTON GROUP Ltd now owns 134,185 shares of the company’s stock worth $3,388,000 after purchasing an additional 119,321 shares during the last quarter. Walleye Capital LLC grew its stake in Par Pacific by 1,014.3% in the third quarter. Walleye Capital LLC now owns 273,868 shares of the company’s stock valued at $4,820,000 after purchasing an additional 249,290 shares during the last quarter. Algert Global LLC raised its holdings in Par Pacific by 63.8% in the third quarter. Algert Global LLC now owns 303,970 shares of the company’s stock worth $5,350,000 after purchasing an additional 118,393 shares in the last quarter. Finally, 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. 92.15% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on the stock. The Goldman Sachs Group cut their price target on shares of Par Pacific from $32.00 to $28.00 and set a “neutral” rating on the stock in a report on Wednesday, October 9th. Mizuho dropped their price target on Par Pacific from $28.00 to $26.00 and set an “outperform” rating on the stock in a research note on Wednesday, October 9th. Tudor, Pickering, Holt & Co. lowered shares of Par Pacific from a “buy” rating to a “hold” rating in a research report on Monday, September 9th. JPMorgan Chase & Co. upgraded shares of Par Pacific from a “neutral” rating to an “overweight” rating and cut their price target for the company from $36.00 to $30.00 in a research note on Wednesday, October 2nd. Finally, Tudor Pickering upgraded shares of Par Pacific to a “hold” rating in a research note on Monday, September 9th. Six analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat, Par Pacific has a consensus rating of “Hold” and a consensus price target of $28.00.

Par Pacific Stock Up 2.0 %

PARR stock opened at $16.46 on Friday. The firm’s fifty day moving average is $16.99 and its 200 day moving average is $20.83. The firm has a market cap of $920.97 million, a PE ratio of 3.19 and a beta of 1.99. Par Pacific Holdings, Inc. has a one year low of $14.84 and a one year high of $40.69. The company has a debt-to-equity ratio of 0.84, a quick ratio of 0.66 and a current ratio of 1.69.

Par Pacific (NYSE:PARR) last announced its quarterly earnings results 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 firm had revenue of $2.14 billion during 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%. Par Pacific’s revenue for the quarter was down 16.9% compared to the same quarter last year. During the same quarter in the previous year, the business earned $3.15 EPS. On average, research analysts forecast that Par Pacific Holdings, Inc. will post 0.83 EPS for the current year.

Insider Transactions at Par Pacific

In related 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 value of $1,098,094.00. Following the completion of the sale, 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 position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 4.40% of the company’s stock.

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.