3,515,356 Shares in Par Pacific Holdings, Inc. (NYSE:PARR) Purchased by Pacer Advisors Inc.

Pacer Advisors Inc. acquired a new position in Par Pacific Holdings, Inc. (NYSE:PARR) in the 3rd quarter, Holdings Channel reports. The institutional investor acquired 3,515,356 shares of the company’s stock, valued at approximately $61,870,000. Pacer Advisors Inc. owned 0.06% of Par Pacific as of its most recent filing with the SEC.

Several other large investors have also recently bought and sold shares of the company. Headlands Technologies LLC lifted its position in Par Pacific by 215.1% in the 2nd quarter. Headlands Technologies LLC now owns 1,166 shares of the company’s stock valued at $29,000 after acquiring an additional 796 shares in the last quarter. Meeder Asset Management Inc. acquired a new stake in shares of Par Pacific in the second quarter valued at approximately $43,000. Quarry LP boosted its holdings in shares of Par Pacific by 610.5% during the second quarter. Quarry LP now owns 2,359 shares of the company’s stock worth $60,000 after acquiring an additional 2,027 shares during the period. nVerses Capital LLC increased its stake in shares of Par Pacific by 41.7% during the second quarter. nVerses Capital LLC now owns 3,400 shares of the company’s stock worth $86,000 after purchasing an additional 1,000 shares during the period. Finally, Innealta Capital LLC acquired a new stake in Par Pacific during the 2nd quarter worth approximately $104,000. Institutional investors and hedge funds own 92.15% of the company’s stock.

Par Pacific Stock Up 1.0 %

Shares of NYSE PARR opened at $17.37 on Friday. The business has a 50-day simple moving average of $17.51 and a two-hundred day simple moving average of $22.17. The company has a quick ratio of 0.66, a current ratio of 1.69 and a debt-to-equity ratio of 0.84. Par Pacific Holdings, Inc. has a 52 week low of $14.84 and a 52 week high of $40.69. The company has a market cap of $971.85 million, a P/E ratio of 3.37 and a beta of 1.99.

Par Pacific (NYSE:PARR) last announced its earnings results on Monday, November 4th. The company reported ($0.10) earnings per share (EPS) for the quarter, topping 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 firm’s quarterly revenue was down 16.9% compared to the same quarter last year. During the same period in the previous year, the business earned $3.15 earnings per share. Research analysts anticipate that Par Pacific Holdings, Inc. will post 0.95 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on the stock. 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. Mizuho lowered their price target on shares of Par Pacific from $28.00 to $26.00 and set an “outperform” rating for the company in a report on Wednesday, October 9th. JPMorgan Chase & Co. upgraded shares of Par Pacific from a “neutral” rating to an “overweight” rating and decreased their price target for the company from $36.00 to $30.00 in a research report on Wednesday, October 2nd. StockNews.com upgraded shares of Par Pacific from a “sell” rating to a “hold” rating in a research report on Thursday, November 14th. Finally, The Goldman Sachs Group lowered their price objective on shares of Par Pacific from $32.00 to $28.00 and set a “neutral” rating for the company in a research note on Wednesday, October 9th. Six equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $28.00.

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.