Truvestments Capital LLC Boosts Stock Holdings in Par Pacific Holdings, Inc. (NYSE:PARR)

Truvestments Capital LLC lifted its holdings in shares of Par Pacific Holdings, Inc. (NYSE:PARR) by 25.6% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 16,950 shares of the company’s stock after buying an additional 3,452 shares during the quarter. Truvestments Capital LLC’s holdings in Par Pacific were worth $298,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Headlands Technologies LLC lifted its position in shares of Par Pacific by 215.1% during the second quarter. Headlands Technologies LLC now owns 1,166 shares of the company’s stock worth $29,000 after acquiring an additional 796 shares in the last quarter. Meeder Asset Management Inc. bought a new position in Par Pacific in the 2nd quarter worth about $43,000. Quarry LP grew its holdings in Par Pacific by 610.5% during the 2nd quarter. Quarry LP now owns 2,359 shares of the company’s stock valued at $60,000 after buying an additional 2,027 shares in the last quarter. nVerses Capital LLC increased its position 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 valued at $86,000 after buying an additional 1,000 shares during the period. Finally, Innealta Capital LLC purchased a new stake in shares of Par Pacific in the second quarter worth about $104,000. 92.15% of the stock is owned by institutional investors.

Analysts Set New Price Targets

PARR has been the subject of several recent analyst reports. UBS Group cut their price objective on Par Pacific from $40.00 to $29.00 and set a “neutral” rating for the company in a report on Monday, August 19th. TD Cowen lowered their price objective on shares of Par Pacific from $36.00 to $32.00 and set a “buy” rating for the company in a research note on Friday, August 9th. StockNews.com raised shares of Par Pacific from a “sell” rating to a “hold” rating in a research report on Thursday, November 14th. The Goldman Sachs Group reduced their price target on shares of Par Pacific from $32.00 to $28.00 and set a “neutral” rating on the stock in a research report on Wednesday, October 9th. Finally, Tudor, Pickering, Holt & Co. downgraded shares of Par Pacific from a “buy” rating to a “hold” rating in a research note on Monday, September 9th. Six research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat.com, Par Pacific has a consensus rating of “Hold” and an average price target of $28.00.

Par Pacific Stock Performance

Par Pacific stock opened at $17.63 on Tuesday. Par Pacific Holdings, Inc. has a twelve month low of $14.84 and a twelve month high of $40.69. 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 company has a market capitalization of $986.40 million, a P/E ratio of 3.42 and a beta of 1.99. The stock’s 50 day moving average is $17.46 and its 200 day moving average is $21.89.

Par Pacific (NYSE:PARR) last released its earnings results on Monday, November 4th. The company reported ($0.10) EPS for the quarter, topping analysts’ consensus estimates of ($0.12) by $0.02. Par Pacific had a return on equity of 10.06% and a net margin of 3.74%. The firm had revenue of $2.14 billion for the quarter, compared to analysts’ expectations of $1.88 billion. During the same period in the prior year, the firm posted $3.15 earnings per share. The company’s quarterly revenue was down 16.9% on a year-over-year basis. On average, equities research analysts predict that Par Pacific Holdings, Inc. will post 0.95 earnings per share for the current fiscal year.

About Par Pacific

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.