Deutsche Bank AG Cuts Holdings in Par Pacific Holdings, Inc. (NYSE:PARR)

Deutsche Bank AG decreased its stake in Par Pacific Holdings, Inc. (NYSE:PARR - Free Report) by 11.6% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 312,977 shares of the company's stock after selling 40,939 shares during the quarter. Deutsche Bank AG owned approximately 0.56% of Par Pacific worth $5,130,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of PARR. Sterling Capital Management LLC increased its stake in Par Pacific by 821.5% during the 4th quarter. Sterling Capital Management LLC now owns 1,714 shares of the company's stock worth $28,000 after buying an additional 1,528 shares during the period. US Bancorp DE increased its stake in Par Pacific by 55.7% in the fourth quarter. US Bancorp DE now owns 1,823 shares of the company's stock valued at $30,000 after purchasing an additional 652 shares during the period. Nisa Investment Advisors LLC grew its stake in shares of Par Pacific by 37.7% in the 4th quarter. Nisa Investment Advisors LLC now owns 2,557 shares of the company's stock valued at $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 valued at $53,000 after purchasing an additional 1,784 shares during the period. Finally, Allworth Financial LP raised its position in Par Pacific by 4,804.2% during the 4th quarter. Allworth Financial LP now owns 8,141 shares of the company's stock worth $139,000 after buying an additional 7,975 shares during the last quarter. 92.15% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities research analysts recently commented on the stock. Raymond James assumed coverage on shares of Par Pacific in a research note on Friday, January 24th. They issued an "outperform" rating and a $25.00 price objective on the stock. Piper Sandler raised their target price on shares of Par Pacific from $21.00 to $26.00 and gave the stock an "overweight" rating in a research report on Thursday, May 8th. UBS Group decreased their target price on shares of Par Pacific from $20.00 to $14.75 and set a "neutral" rating on the stock in a research report on Wednesday, April 16th. The Goldman Sachs Group upgraded shares of Par Pacific from a "neutral" rating to a "buy" rating and raised their price target for the company from $18.00 to $19.00 in a report on Thursday, March 27th. Finally, Wall Street Zen lowered shares of Par Pacific from a "hold" rating to a "sell" rating in a report on Friday, February 28th. One analyst has rated the stock with a sell rating, four have issued a hold rating and five have given a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of "Hold" and an average target price of $21.25.

Par Pacific Stock Performance

Shares of Par Pacific stock traded up $0.43 during midday trading on Friday, hitting $21.95. The company had a trading volume of 1,626,531 shares, compared to its average volume of 1,138,194. The business's 50 day simple moving average is $15.41 and its two-hundred day simple moving average is $15.96. The stock has a market cap of $1.13 billion, a PE ratio of 4.25 and a beta of 1.50. The company has a debt-to-equity ratio of 0.84, a current ratio of 1.69 and a quick ratio of 0.66. Par Pacific Holdings, Inc. has a 1-year low of $11.86 and a 1-year high of $27.82.

Par Pacific (NYSE:PARR - Get Free Report) last issued its 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 firm had revenue of $1.75 billion during the quarter, compared to the consensus estimate of $1.49 billion. During the same period last year, the business earned $0.69 earnings per share. The firm's revenue for the quarter was down 11.9% compared to the same quarter last year. As a group, equities analysts predict that Par Pacific Holdings, Inc. will post 0.15 EPS for the current fiscal year.

Par Pacific Company 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.