BROOKFIELD Corp ON Takes Position in Par Pacific Holdings, Inc. (NYSE:PARR)

BROOKFIELD Corp ON acquired a new stake in Par Pacific Holdings, Inc. (NYSE:PARR - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm acquired 61,069 shares of the company's stock, valued at approximately $1,001,000. BROOKFIELD Corp ON owned 0.11% of Par Pacific at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of PARR. Solas Capital Management LLC boosted its position in Par Pacific by 417.7% during the fourth 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 period. Bridgewater Associates LP bought a new stake in shares of Par Pacific during the 4th quarter worth about $9,293,000. Barclays PLC grew its stake in 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 buying an additional 249,048 shares during the last quarter. CenterBook Partners LP bought a new position in Par Pacific in the 4th quarter valued at about $2,894,000. Finally, Charles Schwab Investment Management Inc. lifted its position in Par Pacific by 22.6% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 909,220 shares of the company's stock worth $14,902,000 after acquiring an additional 167,594 shares during the last quarter. 92.15% of the stock is currently owned by institutional investors and hedge funds.

Par Pacific Price Performance

Shares of NYSE:PARR traded up $0.38 during midday trading on Friday, hitting $17.91. The stock had a trading volume of 1,322,890 shares, compared to its average volume of 1,098,574. 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 $973.43 million, a P/E ratio of 3.47 and a beta of 1.50. The company's 50-day moving average price is $14.05 and its 200-day moving average price is $15.67. Par Pacific Holdings, Inc. has a fifty-two week low of $11.86 and a fifty-two week high of $29.61.

Par Pacific (NYSE:PARR - Get Free Report) last released its earnings results on Monday, May 5th. The company reported ($0.94) earnings per share 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 business had revenue of $1.75 billion for the quarter, compared to the consensus estimate of $1.49 billion. During the same quarter in the previous year, the company earned $0.69 earnings per share. The firm's revenue for the quarter was down 11.9% on a year-over-year basis. As a group, equities research analysts predict that Par Pacific Holdings, Inc. will post 0.15 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

PARR has been the topic of several research reports. Piper Sandler upped their target price on Par Pacific from $21.00 to $26.00 and gave the company an "overweight" rating in a research report on Thursday. TD Cowen lowered their price objective on Par Pacific from $21.00 to $17.00 and set a "buy" rating on the stock in a research report on Thursday, February 27th. The Goldman Sachs Group raised shares of Par Pacific from a "neutral" rating to a "buy" rating and boosted their target price for the company from $18.00 to $19.00 in a research report on Thursday, March 27th. StockNews.com lowered shares of Par Pacific from a "hold" rating to a "sell" rating in a research report on Friday, February 28th. Finally, Raymond James initiated coverage on shares of Par Pacific in a report on Friday, January 24th. They issued an "outperform" rating and a $25.00 price objective for the company. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of "Hold" and a consensus price target of $21.39.

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.