Clearline Capital LP Sells 29,537 Shares of Par Pacific Holdings, Inc. (NYSE:PARR)

Clearline Capital LP decreased its stake in shares of Par Pacific Holdings, Inc. (NYSE:PARR - Free Report) by 19.0% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 125,921 shares of the company's stock after selling 29,537 shares during the quarter. Clearline Capital LP owned about 0.23% of Par Pacific worth $2,064,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in the stock. GAMMA Investing LLC boosted its stake in Par Pacific by 232.5% in the 4th quarter. GAMMA Investing LLC now owns 1,669 shares of the company's stock worth $27,000 after purchasing an additional 1,167 shares in the last quarter. Sterling Capital Management LLC lifted its position in Par Pacific by 821.5% in the 4th quarter. Sterling Capital Management LLC now owns 1,714 shares of the company's stock valued at $28,000 after acquiring an additional 1,528 shares in the last quarter. US Bancorp DE raised its stake in shares of Par Pacific by 55.7% in the fourth quarter. US Bancorp DE now owns 1,823 shares of the company's stock worth $30,000 after purchasing an additional 652 shares during the last quarter. Nisa Investment Advisors LLC boosted its position in shares of Par Pacific by 37.7% during the fourth quarter. Nisa Investment Advisors LLC now owns 2,557 shares of the company's stock valued at $42,000 after buying an additional 700 shares during the last quarter. Finally, Quadrant Capital Group LLC raised its position in Par Pacific by 123.1% in the 4th quarter. Quadrant Capital Group LLC now owns 3,233 shares of the company's stock worth $53,000 after buying an additional 1,784 shares during the last quarter. 92.15% of the stock is owned by institutional investors.

Par Pacific Price Performance

Shares of PARR traded up $0.91 during mid-day trading on Tuesday, reaching $19.29. The stock had a trading volume of 520,425 shares, compared to its average volume of 1,097,460. The business has a fifty day moving average of $14.17 and a 200 day moving average of $15.68. The company has a debt-to-equity ratio of 0.84, a quick ratio of 0.66 and a current ratio of 1.69. The firm has a market cap of $1.05 billion, a price-to-earnings ratio of 3.74 and a beta of 1.50. Par Pacific Holdings, Inc. has a 12 month low of $11.86 and a 12 month high of $29.61.

Par Pacific (NYSE:PARR - Get Free Report) last issued 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 firm had revenue of $1.75 billion during the quarter, compared to the consensus estimate of $1.49 billion. During the same period in the prior year, the company posted $0.69 EPS. The company's quarterly revenue was down 11.9% on a year-over-year basis. Equities analysts predict that Par Pacific Holdings, Inc. will post 0.15 EPS for the current year.

Analyst Upgrades and Downgrades

PARR has been the subject of a number of research analyst reports. JPMorgan Chase & Co. reduced their price target on shares of Par Pacific from $27.00 to $26.00 and set an "overweight" rating for the company in a research note on Thursday, January 16th. UBS Group lowered their target price on Par Pacific from $20.00 to $14.75 and set a "neutral" rating on the stock in a report on Wednesday, April 16th. Raymond James started coverage on Par Pacific in a research report on Friday, January 24th. They issued an "outperform" rating and a $25.00 target price on the stock. The Goldman Sachs Group upgraded shares of Par Pacific from a "neutral" rating to a "buy" rating and increased their price objective for the stock from $18.00 to $19.00 in a research note on Thursday, March 27th. Finally, StockNews.com lowered shares of 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 given a hold rating and five have given a buy rating to the company. According to MarketBeat, Par Pacific has a consensus rating of "Hold" and an average price target of $21.25.

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.