Algert Global LLC Raises Stock Holdings in Par Pacific Holdings, Inc. (NYSE:PARR)

Algert Global LLC boosted its holdings in Par Pacific Holdings, Inc. (NYSE:PARR - Free Report) by 54.2% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 468,681 shares of the company's stock after buying an additional 164,711 shares during the quarter. Algert Global LLC owned approximately 0.84% of Par Pacific worth $7,682,000 at the end of the most recent reporting period.

Other hedge funds have also added to or reduced their stakes in the company. Charles Schwab Investment Management Inc. increased its stake in shares of Par Pacific by 22.6% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 909,220 shares of the company's stock valued at $14,902,000 after buying an additional 167,594 shares during the period. Solas Capital Management LLC raised its holdings in Par Pacific by 417.7% during the 4th quarter. Solas Capital Management LLC now owns 795,000 shares of the company's stock worth $13,030,000 after purchasing an additional 641,423 shares during the last quarter. Barclays PLC boosted its stake in shares of Par Pacific by 53.0% in the 4th quarter. Barclays PLC now owns 718,688 shares of the company's stock valued at $11,779,000 after purchasing an additional 249,048 shares during the last quarter. Northern Trust Corp increased its position in shares of Par Pacific by 8.6% during the fourth quarter. Northern Trust Corp now owns 626,984 shares of the company's stock worth $10,276,000 after buying an additional 49,750 shares during the period. Finally, Bridgewater Associates LP bought a new stake in Par Pacific during the fourth quarter valued at $9,293,000. 92.15% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on PARR shares. The Goldman Sachs Group raised Par Pacific from a "neutral" rating to a "buy" rating and boosted their price objective for the company from $18.00 to $19.00 in a research note on Thursday, March 27th. TD Cowen dropped their price target on Par Pacific from $21.00 to $17.00 and set a "buy" rating on the stock in a research note on Thursday, February 27th. JPMorgan Chase & Co. reduced their price objective 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. StockNews.com downgraded shares of Par Pacific from a "hold" rating to a "sell" rating in a research report on Friday, February 28th. Finally, Piper Sandler lifted their price target on shares of Par Pacific from $21.00 to $26.00 and gave the company an "overweight" rating in a research note on Thursday. One analyst has rated the stock with a sell rating, four have assigned a hold rating and five have issued a buy rating to the company's stock. According to MarketBeat.com, Par Pacific has a consensus rating of "Hold" and an average price target of $21.39.

Par Pacific Stock Up 2.2 %

Shares of NYSE:PARR traded up $0.38 during midday trading on Friday, hitting $17.91. 1,322,890 shares of the company's stock were exchanged, compared to its average volume of 1,098,574. Par Pacific Holdings, Inc. has a 12 month low of $11.86 and a 12 month high of $29.61. The company has a market cap of $973.43 million, a PE ratio of 3.47 and a beta of 1.50. 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 stock has a 50 day moving average price of $14.05 and a 200-day moving average price of $15.67.

Par Pacific (NYSE:PARR - Get Free Report) last issued its quarterly earnings data on Monday, May 5th. The company reported ($0.94) EPS for the quarter, missing the consensus estimate of ($0.40) by ($0.54). Par Pacific had a return on equity of 10.06% and a net margin of 3.74%. The company had revenue of $1.75 billion during the quarter, compared to analysts' expectations of $1.49 billion. During the same period last year, the company earned $0.69 earnings per share. The business's revenue for the quarter was down 11.9% compared to the same quarter last year. On average, sell-side analysts anticipate that Par Pacific Holdings, Inc. will post 0.15 EPS for the current fiscal year.

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.