BNP Paribas Financial Markets Acquires 23,121 Shares of Par Pacific Holdings, Inc. (NYSE:PARR)

BNP Paribas Financial Markets increased its stake in Par Pacific Holdings, Inc. (NYSE:PARR - Free Report) by 52.1% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 67,537 shares of the company's stock after purchasing an additional 23,121 shares during the quarter. BNP Paribas Financial Markets owned approximately 0.12% of Par Pacific worth $1,107,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of the business. Sterling Capital Management LLC increased its holdings in shares of Par Pacific by 821.5% in the fourth quarter. Sterling Capital Management LLC now owns 1,714 shares of the company's stock worth $28,000 after purchasing an additional 1,528 shares during the last quarter. US Bancorp DE increased its holdings 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 increased its holdings in shares of Par Pacific by 37.7% in the fourth quarter. Nisa Investment Advisors LLC now owns 2,557 shares of the company's stock worth $42,000 after purchasing an additional 700 shares during the last quarter. Quadrant Capital Group LLC increased its holdings in shares of Par Pacific by 123.1% in the fourth quarter. Quadrant Capital Group LLC now owns 3,233 shares of the company's stock worth $53,000 after purchasing an additional 1,784 shares during the last quarter. Finally, Allworth Financial LP increased its holdings in shares of Par Pacific by 4,804.2% in the fourth quarter. Allworth Financial LP now owns 8,141 shares of the company's stock worth $139,000 after purchasing an additional 7,975 shares during the last quarter. 92.15% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on the company. Mizuho lifted their target price on Par Pacific from $18.00 to $21.00 and gave the stock a "neutral" rating in a report on Tuesday, May 13th. The Goldman Sachs Group raised Par Pacific from a "neutral" rating to a "buy" rating and lifted their target price for the stock from $18.00 to $19.00 in a report on Thursday, March 27th. Piper Sandler lifted their target price on Par Pacific from $21.00 to $26.00 and gave the stock an "overweight" rating in a report on Thursday, May 8th. TD Cowen reduced their target price on Par Pacific from $21.00 to $17.00 and set a "buy" rating on the stock in a report on Thursday, February 27th. Finally, Wall Street Zen cut Par Pacific from a "hold" rating to a "sell" rating in a 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 stock. Based on data from MarketBeat, the company currently has an average rating of "Hold" and an average target price of $21.25.

Par Pacific Trading Up 2.0%

PARR traded up $0.43 on Monday, hitting $21.95. The company had a trading volume of 1,626,531 shares, compared to its average volume of 1,138,194. The company has a market cap of $1.13 billion, a PE ratio of 4.25 and a beta of 1.50. Par Pacific Holdings, Inc. has a 12-month low of $11.86 and a 12-month high of $27.82. The company has a quick ratio of 0.66, a current ratio of 1.69 and a debt-to-equity ratio of 0.84. The business's fifty day simple moving average is $15.56 and its 200 day simple moving average is $16.00.

Par Pacific (NYSE:PARR - Get Free Report) last released its quarterly earnings results on Monday, May 5th. The company reported ($0.94) EPS 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 company had revenue of $1.75 billion during the quarter, compared to analysts' expectations of $1.49 billion. During the same quarter in the prior year, the business posted $0.69 EPS. The company's revenue was down 11.9% on a year-over-year basis. Equities research analysts expect that Par Pacific Holdings, Inc. will post 0.15 EPS for the current year.

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.