Deutsche Bank AG Has $3.67 Million Stake in Par Pacific Holdings, Inc. $PARR

Key Points

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Deutsche Bank AG trimmed its holdings in Par Pacific Holdings, Inc. (NYSE:PARR - Free Report) by 17.8% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 257,111 shares of the company's stock after selling 55,866 shares during the period. Deutsche Bank AG owned about 0.47% of Par Pacific worth $3,666,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Charles Schwab Investment Management Inc. boosted its position in shares of Par Pacific by 32.6% during the first quarter. Charles Schwab Investment Management Inc. now owns 1,205,756 shares of the company's stock worth $17,194,000 after buying an additional 296,536 shares during the period. SCP Investment LP acquired a new position in shares of Par Pacific during the first quarter worth about $411,000. PNC Financial Services Group Inc. boosted its position in shares of Par Pacific by 54.0% during the first quarter. PNC Financial Services Group Inc. now owns 8,220 shares of the company's stock worth $117,000 after buying an additional 2,884 shares during the period. Vestcor Inc boosted its position in shares of Par Pacific by 69.5% during the first quarter. Vestcor Inc now owns 36,100 shares of the company's stock worth $515,000 after buying an additional 14,800 shares during the period. Finally, XTX Topco Ltd boosted its position in shares of Par Pacific by 104.8% during the first quarter. XTX Topco Ltd now owns 89,448 shares of the company's stock worth $1,276,000 after buying an additional 45,774 shares during the period. 92.15% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Par Pacific

In other news, SVP Terrill Pitkin sold 5,164 shares of the company's stock in a transaction that occurred on Thursday, August 14th. The stock was sold at an average price of $27.97, for a total value of $144,437.08. Following the transaction, the senior vice president owned 41,223 shares of the company's stock, valued at approximately $1,153,007.31. This represents a 11.13% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 4.40% of the company's stock.

Par Pacific Price Performance

NYSE:PARR opened at $29.96 on Tuesday. The company has a quick ratio of 0.56, a current ratio of 1.42 and a debt-to-equity ratio of 0.97. The stock's 50 day moving average price is $29.48 and its two-hundred day moving average price is $20.72. The firm has a market capitalization of $1.52 billion, a price-to-earnings ratio of -106.99 and a beta of 1.83. Par Pacific Holdings, Inc. has a 12-month low of $11.86 and a 12-month high of $35.32.

Par Pacific (NYSE:PARR - Get Free Report) last posted its earnings results on Tuesday, August 5th. The company reported $1.54 EPS for the quarter, beating the consensus estimate of $0.74 by $0.80. Par Pacific had a negative return on equity of 1.79% and a negative net margin of 0.25%. The company had revenue of $1.89 billion for the quarter, compared to the consensus estimate of $1.47 billion. During the same quarter in the prior year, the business earned $0.49 earnings per share. The firm's revenue for the quarter was down 6.2% on a year-over-year basis. On average, analysts anticipate that Par Pacific Holdings, Inc. will post 0.15 earnings per share for the current year.

Analyst Ratings Changes

Several analysts recently issued reports on PARR shares. Zacks Research upgraded Par Pacific to a "strong-buy" rating in a report on Monday, August 11th. The Goldman Sachs Group lowered Par Pacific from a "buy" rating to a "neutral" rating and set a $19.00 target price on the stock. in a report on Wednesday, May 28th. Raymond James Financial set a $38.00 target price on Par Pacific and gave the stock an "outperform" rating in a report on Tuesday, July 15th. TD Cowen dropped their target price on Par Pacific from $35.00 to $33.00 and set a "buy" rating on the stock in a report on Thursday, August 7th. Finally, Cowen reiterated a "buy" rating on shares of Par Pacific in a report on Thursday, August 7th. Five analysts have rated the stock with a hold rating, six have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, Par Pacific currently has an average rating of "Moderate Buy" and a consensus price target of $28.96.

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.

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