Capital Fund Management S.A. Acquires Shares of 26,330 Par Pacific Holdings, Inc. (NYSE:PARR)

Capital Fund Management S.A. bought a new position in Par Pacific Holdings, Inc. (NYSE:PARR - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 26,330 shares of the company's stock, valued at approximately $432,000.

A number of other institutional investors have also recently modified their holdings of the stock. State Street Corp boosted its stake in Par Pacific by 10.5% during the 3rd quarter. State Street Corp now owns 3,461,282 shares of the company's stock valued at $60,919,000 after purchasing an additional 328,325 shares during the last quarter. Geode Capital Management LLC lifted its holdings in shares of Par Pacific by 0.6% during the third quarter. Geode Capital Management LLC now owns 1,283,303 shares of the company's stock valued at $22,591,000 after purchasing an additional 7,804 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its position in shares of Par Pacific by 22.6% during 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 last quarter. Barclays PLC increased its holdings in Par Pacific by 10.1% in the 3rd quarter. Barclays PLC now owns 469,640 shares of the company's stock worth $8,265,000 after buying an additional 42,930 shares in the last quarter. Finally, Empowered Funds LLC raised its position in Par Pacific by 5.1% in the 4th quarter. Empowered Funds LLC now owns 313,768 shares of the company's stock worth $5,143,000 after buying an additional 15,240 shares during the last quarter. 92.15% of the stock is owned by hedge funds and other institutional investors.

Par Pacific Stock Performance

Shares of NYSE:PARR traded up $0.62 during mid-day trading on Tuesday, reaching $13.97. 1,193,402 shares of the company traded hands, compared to its average volume of 1,073,302. Par Pacific Holdings, Inc. has a 52 week low of $11.86 and a 52 week high of $33.08. The firm has a market cap of $759.28 million, a PE ratio of 2.71 and a beta of 1.64. The company's 50 day moving average price is $13.99 and its 200-day moving average price is $15.91. The company has a debt-to-equity ratio of 0.84, a current ratio of 1.69 and a quick ratio of 0.66.

Par Pacific (NYSE:PARR - Get Free Report) last posted its quarterly earnings results on Tuesday, February 25th. The company reported ($0.79) earnings per share for the quarter, missing analysts' consensus estimates of ($0.15) by ($0.64). The firm had revenue of $1.83 billion during the quarter, compared to the consensus estimate of $1.68 billion. Par Pacific had a return on equity of 10.06% and a net margin of 3.74%. On average, equities analysts expect that Par Pacific Holdings, Inc. will post 0.15 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on PARR. Piper Sandler reduced their price target on shares of Par Pacific from $25.00 to $21.00 and set an "overweight" rating for the company in a research note on Friday, March 7th. JPMorgan Chase & Co. cut their target price 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. Raymond James started coverage on Par Pacific in a report on Friday, January 24th. They set an "outperform" rating and a $25.00 price target on the stock. The Goldman Sachs Group raised Par Pacific from a "neutral" rating to a "buy" rating and lifted their price objective for the stock from $18.00 to $19.00 in a report on Thursday, March 27th. Finally, StockNews.com cut Par Pacific from a "hold" rating to a "sell" rating in a research report on Friday, February 28th. One research 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 presently has a consensus rating of "Hold" and an average price target of $20.68.

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.