American Century Companies Inc. Has $53.92 Million Holdings in Par Pacific Holdings, Inc. $PARR

Key Points

• American Century Companies Inc. boosted its stake in Par Pacific by 42.8% to 1,522,392 shares, representing about 3.03% ownership worth $53.92 million at the end of the quarter.
• Par Pacific reported $1.17 EPS for the quarter (missing estimates by $0.04) with revenue of $1.81 billion (ahead of estimates); the company trades at a PE of 6.86 and has a market cap of $2.45 billion.
• Institutional investors own 92.15% of the stock, analysts' consensus is a "Hold" with an average target of $47.33, while the shares opened at $49.99 and are trading near a 12‑month high of $51.55.

American Century Companies Inc. increased its position in Par Pacific Holdings, Inc. (NYSE:PARR - Free Report) by 42.8% in the third quarter, according to its most recent 13F filing with the SEC. The firm owned 1,522,392 shares of the company's stock after purchasing an additional 456,473 shares during the period. American Century Companies Inc. owned about 3.03% of Par Pacific worth $53,923,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Federated Hermes Inc. acquired a new position in Par Pacific in the 3rd quarter worth about $44,000. Aster Capital Management DIFC Ltd bought a new stake in shares of Par Pacific in the 3rd quarter valued at approximately $48,000. Nisa Investment Advisors LLC increased its holdings in Par Pacific by 157.4% in the second quarter. Nisa Investment Advisors LLC now owns 1,596 shares of the company's stock worth $42,000 after buying an additional 976 shares during the last quarter. USA Financial Formulas bought a new position in Par Pacific during the third quarter valued at approximately $82,000. Finally, Smartleaf Asset Management LLC lifted its stake in Par Pacific by 81.1% in the second quarter. Smartleaf Asset Management LLC now owns 2,340 shares of the company's stock valued at $62,000 after acquiring an additional 1,048 shares during the last quarter. Hedge funds and other institutional investors own 92.15% of the company's stock.

Par Pacific Stock Up 0.6%

Shares of PARR stock opened at $49.99 on Friday. Par Pacific Holdings, Inc. has a 12 month low of $12.04 and a 12 month high of $51.55. The company has a quick ratio of 0.49, a current ratio of 1.61 and a debt-to-equity ratio of 0.54. The firm has a market cap of $2.45 billion, a PE ratio of 6.86 and a beta of 1.17. The stock has a 50 day moving average of $39.38 and a 200-day moving average of $38.51.

Par Pacific (NYSE:PARR - Get Free Report) last announced its earnings results on Tuesday, February 24th. The company reported $1.17 earnings per share (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 the consensus estimate of $1.68 billion. During the same period last year, the firm posted ($0.79) EPS. The company's revenue was down 1.0% compared to the same quarter last year. On average, equities analysts predict that Par Pacific Holdings, Inc. will post 0.15 EPS for the current year.

Wall Street Analyst Weigh In

PARR has been the topic of several analyst reports. Zacks Research lowered shares of Par Pacific from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, December 16th. TD Cowen upped their price objective on shares of Par Pacific from $39.00 to $48.00 and gave the stock a "buy" rating in a report on Friday, February 27th. Weiss Ratings restated a "hold (c+)" rating on shares of Par Pacific in a report on Monday, December 29th. Wall Street Zen downgraded Par Pacific from a "strong-buy" rating to a "buy" rating in a research note on Saturday, February 28th. Finally, Tudor Pickering raised Par Pacific from a "hold" rating to a "buy" rating in a research note on Thursday, November 6th. Four investment analysts have rated the stock with a Buy rating and five have given a Hold rating to the company's stock. According to data from MarketBeat, Par Pacific has an average rating of "Hold" and an average target price of $47.33.

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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