Par Pacific Holdings, Inc. (NYSE:PARR) Shares Sold by Deutsche Bank AG

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

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Charles Schwab Investment Management Inc. increased its position in shares of Par Pacific by 22.6% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 909,220 shares of the company's stock worth $14,902,000 after acquiring an additional 167,594 shares during the period. Bridgeway Capital Management LLC increased its position in shares of Par Pacific by 1.9% during the fourth quarter. Bridgeway Capital Management LLC now owns 797,218 shares of the company's stock worth $13,066,000 after acquiring an additional 15,240 shares during the period. Solas Capital Management LLC increased its position in shares of Par Pacific by 417.7% during the fourth quarter. Solas Capital Management LLC now owns 795,000 shares of the company's stock worth $13,030,000 after acquiring an additional 641,423 shares during the period. Barclays PLC increased its position in shares of Par Pacific by 53.0% during the fourth quarter. Barclays PLC now owns 718,688 shares of the company's stock worth $11,779,000 after acquiring an additional 249,048 shares during the period. Finally, Northern Trust Corp increased its position in shares of Par Pacific by 8.6% during the fourth 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 period. 92.15% of the stock is owned by hedge funds and other institutional investors.

Par Pacific Stock Up 9.6%

PARR traded up $1.88 during trading on Thursday, hitting $21.54. The stock had a trading volume of 2,647,563 shares, compared to its average volume of 1,128,578. The company has a market capitalization of $1.11 billion, a PE ratio of 4.17 and a beta of 1.50. Par Pacific Holdings, Inc. has a twelve month low of $11.86 and a twelve month high of $28.15. 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 simple moving average of $15.13 and a two-hundred day simple moving average of $15.87.

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

Analyst Ratings Changes

A number of equities analysts have recently commented on the stock. Wall Street Zen lowered shares of Par Pacific from a "hold" rating to a "sell" rating in a report on Friday, February 28th. Piper Sandler lifted their price objective on shares of Par Pacific from $21.00 to $26.00 and gave the company an "overweight" rating in a report on Thursday, May 8th. The Goldman Sachs Group raised shares of Par Pacific from a "neutral" rating to a "buy" rating and lifted their price objective for the company from $18.00 to $19.00 in a report on Thursday, March 27th. TD Cowen cut their price objective on shares of Par Pacific from $21.00 to $17.00 and set a "buy" rating on the stock in a report on Thursday, February 27th. Finally, UBS Group cut their price objective on shares of Par Pacific from $20.00 to $14.75 and set a "neutral" rating on the stock in a report on Wednesday, April 16th. One research analyst has rated the stock with a sell rating, four have given a hold rating and five have issued a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average 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.