Par Pacific Holdings, Inc. (NYSE:PARR) Shares Acquired by Ameriprise Financial Inc.

Ameriprise Financial Inc. grew its position in Par Pacific Holdings, Inc. (NYSE:PARR - Free Report) by 35.0% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 248,972 shares of the company's stock after purchasing an additional 64,536 shares during the period. Ameriprise Financial Inc. owned about 0.44% of Par Pacific worth $4,081,000 at the end of the most recent reporting period.

Several other hedge funds have also recently modified their holdings of the company. Algert Global LLC lifted its holdings in shares of Par Pacific by 54.2% in the fourth quarter. Algert Global LLC now owns 468,681 shares of the company's stock worth $7,682,000 after buying an additional 164,711 shares in the last quarter. Jane Street Group LLC bought a new stake in Par Pacific in the fourth quarter worth $981,000. Freestone Grove Partners LP purchased a new stake in Par Pacific during the 4th quarter valued at about $307,000. Northern Trust Corp grew its holdings in Par Pacific by 8.6% in the 4th quarter. Northern Trust Corp now owns 626,984 shares of the company's stock worth $10,276,000 after acquiring an additional 49,750 shares during the last quarter. Finally, Susquehanna Fundamental Investments LLC bought a new position in Par Pacific during the 4th quarter valued at approximately $2,607,000. Institutional investors own 92.15% of the company's stock.

Par Pacific Price Performance

Shares of NYSE PARR traded up $0.52 during mid-day trading on Friday, reaching $22.52. The company's stock had a trading volume of 116,612 shares, compared to its average volume of 1,137,899. 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 stock has a 50-day moving average of $16.02 and a two-hundred day moving average of $16.12. Par Pacific Holdings, Inc. has a 1-year low of $11.86 and a 1-year high of $27.45. The stock has a market capitalization of $1.16 billion, a P/E ratio of 4.36 and a beta of 1.50.

Par Pacific (NYSE:PARR - Get Free Report) last posted its earnings results on Monday, May 5th. The company reported ($0.94) EPS for the quarter, missing analysts' consensus estimates of ($0.40) by ($0.54). The company had revenue of $1.75 billion during the quarter, compared to analyst estimates of $1.49 billion. Par Pacific had a net margin of 3.74% and a return on equity of 10.06%. The company's quarterly revenue was down 11.9% compared to the same quarter last year. During the same period in the previous year, the company earned $0.69 EPS. On average, equities research analysts anticipate that Par Pacific Holdings, Inc. will post 0.15 EPS for the current fiscal year.

Analysts Set New Price Targets

PARR has been the subject of a number of research analyst reports. The Goldman Sachs Group cut Par Pacific from a "buy" rating to a "neutral" rating and set a $19.00 target price for the company. in a research note on Wednesday. TD Cowen reduced their price target on shares of Par Pacific from $21.00 to $17.00 and set a "buy" rating for the company in a research report on Thursday, February 27th. Mizuho upped their target price on shares of Par Pacific from $18.00 to $21.00 and gave the company a "neutral" rating in a research note on Tuesday, May 13th. Piper Sandler upped their price target on shares of Par Pacific from $21.00 to $26.00 and gave the company an "overweight" rating in a research report on Thursday, May 8th. Finally, Wall Street Zen lowered Par Pacific from a "hold" rating to a "sell" rating in a research note on Friday, February 28th. One research analyst has rated the stock with a sell rating, five have issued a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat.com, Par Pacific currently has an average rating of "Hold" and a consensus target price of $21.25.

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.