CenterBook Partners LP Acquires Shares of 176,599 Par Pacific Holdings, Inc. (NYSE:PARR)

CenterBook Partners LP bought a new stake in Par Pacific Holdings, Inc. (NYSE:PARR - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm bought 176,599 shares of the company's stock, valued at approximately $2,894,000. CenterBook Partners LP owned 0.32% of Par Pacific as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of the company. Charles Schwab Investment Management Inc. lifted 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 worth $14,902,000 after acquiring an additional 167,594 shares during the period. State Street Corp increased its holdings in shares of Par Pacific by 10.5% during the third quarter. State Street Corp now owns 3,461,282 shares of the company's stock valued at $60,919,000 after acquiring an additional 328,325 shares in the last quarter. Sanctuary Advisors LLC raised its holdings in Par Pacific by 126.2% during the fourth quarter. Sanctuary Advisors LLC now owns 49,256 shares of the company's stock worth $843,000 after buying an additional 27,480 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in Par Pacific by 7.4% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 127,732 shares of the company's stock valued at $2,248,000 after acquiring an additional 8,844 shares in the last quarter. Finally, Barclays PLC boosted its stake in Par Pacific by 10.1% during the 3rd quarter. Barclays PLC now owns 469,640 shares of the company's stock valued at $8,265,000 after purchasing an additional 42,930 shares during the last quarter. 92.15% of the stock is owned by institutional investors.

Par Pacific Trading Down 0.3 %

Par Pacific stock traded down $0.04 during trading hours on Tuesday, reaching $12.63. The company had a trading volume of 429,417 shares, compared to its average volume of 1,055,531. 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 Holdings, Inc. has a 12-month low of $11.86 and a 12-month high of $34.77. The company has a 50-day moving average price of $14.41 and a 200 day moving average price of $16.11. The firm has a market cap of $686.45 million, a price-to-earnings ratio of 2.45 and a beta of 1.64.

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

Wall Street Analyst Weigh In

PARR has been the subject of several analyst reports. StockNews.com downgraded shares of Par Pacific from a "hold" rating to a "sell" rating in a report on Friday, February 28th. Raymond James started coverage on shares of Par Pacific in a report on Friday, January 24th. They set an "outperform" rating and a $25.00 price objective on the stock. Mizuho cut Par Pacific from an "outperform" rating to a "neutral" rating and reduced their price target for the company from $26.00 to $22.00 in a research report on Monday, December 16th. Piper Sandler cut their target price on Par Pacific from $25.00 to $21.00 and set an "overweight" rating for the company in a research note on Friday, March 7th. Finally, JPMorgan Chase & Co. lowered their price target on shares of Par Pacific from $27.00 to $26.00 and set an "overweight" rating on the stock in a report on Thursday, January 16th. 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. According to data from MarketBeat, Par Pacific currently has a consensus rating of "Hold" and a consensus target price of $22.71.

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.