42,000 Shares in Par Pacific Holdings, Inc. $PARR Acquired by Hussman Strategic Advisors Inc.

Key Points

• Hussman Strategic Advisors opened a new Q4 position in Par Pacific, buying 42,000 shares worth about $1.48 million, and institutional investors now own roughly 92.15% of the company (Vanguard holds over 5 million shares).
• CEO William Monteleone sold 108,948 shares on March 16 at an average $54.06 for about $5.89 million, cutting his ownership by 19.24% to 457,167 shares.
• Analysts are largely positive—MarketBeat's consensus is a Moderate Buy with an average target of $67 and several firms (JPMorgan, Raymond James) raising targets to $77—while PARR trades near $65.47 with a PE of 8.98 and a ~$3.24 billion market cap.

Hussman Strategic Advisors Inc. bought a new position in shares of Par Pacific Holdings, Inc. (NYSE:PARR - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm bought 42,000 shares of the company's stock, valued at approximately $1,476,000. Hussman Strategic Advisors Inc. owned 0.08% of Par Pacific at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also modified their holdings of the stock. Vanguard Group Inc. lifted its position in shares of Par Pacific by 30.9% during the 3rd quarter. Vanguard Group Inc. now owns 5,044,612 shares of the company's stock worth $178,680,000 after buying an additional 1,190,088 shares during the period. Dimensional Fund Advisors LP raised its position in Par Pacific by 6.6% in the 3rd quarter. Dimensional Fund Advisors LP now owns 1,767,341 shares of the company's stock valued at $62,601,000 after purchasing an additional 109,705 shares during the last quarter. Arrowstreet Capital Limited Partnership raised its position in Par Pacific by 22.1% in the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 1,756,161 shares of the company's stock valued at $62,203,000 after purchasing an additional 317,484 shares during the last quarter. American Century Companies Inc. raised its position in Par Pacific by 42.8% in the 3rd quarter. American Century Companies Inc. now owns 1,522,392 shares of the company's stock valued at $53,923,000 after purchasing an additional 456,473 shares during the last quarter. Finally, Invesco Ltd. raised its position in Par Pacific by 2.0% in the 3rd quarter. Invesco Ltd. now owns 861,238 shares of the company's stock valued at $30,505,000 after purchasing an additional 17,269 shares during the last quarter. Institutional investors own 92.15% of the company's stock.

Insider Transactions at Par Pacific

In other Par Pacific news, CEO William Monteleone sold 108,948 shares of the business's stock in a transaction dated Monday, March 16th. The stock was sold at an average price of $54.06, for a total value of $5,889,728.88. Following the completion of the transaction, the chief executive officer directly owned 457,167 shares of the company's stock, valued at approximately $24,714,448.02. The trade was a 19.24% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 3.60% of the company's stock.

Par Pacific Stock Up 0.2%

Shares of Par Pacific stock opened at $65.47 on Monday. The company has a quick ratio of 0.49, a current ratio of 1.61 and a debt-to-equity ratio of 0.54. Par Pacific Holdings, Inc. has a 12 month low of $14.00 and a 12 month high of $68.00. The business has a fifty day simple moving average of $56.92 and a 200 day simple moving average of $45.82. The stock has a market cap of $3.24 billion, a PE ratio of 8.98 and a beta of 0.91.

Par Pacific (NYSE:PARR - Get Free Report) last announced its quarterly earnings data on Tuesday, February 24th. The company reported $1.17 EPS for the quarter, missing analysts' consensus estimates of $1.21 by ($0.04). Par Pacific had a return on equity of 30.19% and a net margin of 4.95%.The company had revenue of $1.81 billion for the quarter, compared to analyst estimates of $1.68 billion. During the same period last year, the firm earned ($0.79) earnings per share. The firm's revenue for the quarter was down 1.0% on a year-over-year basis. Research analysts predict that Par Pacific Holdings, Inc. will post 14.19 EPS for the current year.

Analysts Set New Price Targets

PARR has been the subject of several research analyst reports. UBS Group lifted their price objective on Par Pacific from $40.00 to $60.00 and gave the company a "neutral" rating in a research report on Thursday, April 9th. JPMorgan Chase & Co. lifted their price objective on Par Pacific from $48.00 to $77.00 and gave the company an "overweight" rating in a research report on Wednesday, April 8th. Wall Street Zen upgraded Par Pacific from a "buy" rating to a "strong-buy" rating in a research report on Saturday, March 14th. Raymond James Financial lifted their price objective on Par Pacific from $50.00 to $77.00 and gave the company an "outperform" rating in a research report on Wednesday, March 25th. Finally, Weiss Ratings reiterated a "hold (c+)" rating on shares of Par Pacific in a research report on Friday, March 27th. One research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and three have given a Hold rating to the stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $67.00.

About Par Pacific

Par Pacific Holdings, Inc NYSE: PARR is a diversified downstream energy company engaged in the refining, marketing and logistics of petroleum products. Through its subsidiaries, Par Pacific operates the Par Hawaii Refinery on the island of Oʻahu, which processes crude oil into transportation fuels such as gasoline, diesel and jet fuel, as well as asphalt, petroleum coke and sulfur. In the Rocky Mountain region, the company owns and operates the Salt Lake City Refinery in Utah and associated logistics infrastructure, including pipelines and storage terminals, to support both crude supply and product distribution.

In marketing its refined products, Par Pacific maintains a network of branded and unbranded wholesale accounts across Hawaii and the U.S.

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