Par Pacific Holdings, Inc. $PARR Shares Purchased by DRW Securities LLC

Key Points

• DRW Securities LLC has increased its holdings in Par Pacific Holdings, Inc. by 20.2%, now owning approximately 100,858 shares worth about $1.44 million.
• Par Pacific's stock price recently opened at $34.71 and has a market cap of $1.76 billion, with a notable PE ratio of -123.96.
• The company's most recent earnings report indicated an EPS of $1.54, exceeding estimates, although revenue declined 6.2% year-over-year.

DRW Securities LLC grew its holdings in shares of Par Pacific Holdings, Inc. (NYSE:PARR - Free Report) by 20.2% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 100,858 shares of the company's stock after buying an additional 16,969 shares during the quarter. DRW Securities LLC owned 0.20% of Par Pacific worth $1,438,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in PARR. Signaturefd LLC boosted its stake in shares of Par Pacific by 70.2% during the 1st quarter. Signaturefd LLC now owns 2,391 shares of the company's stock valued at $34,000 after buying an additional 986 shares during the last quarter. Caitong International Asset Management Co. Ltd purchased a new position in shares of Par Pacific during the 1st quarter valued at approximately $35,000. CWM LLC boosted its stake in shares of Par Pacific by 117.5% during the 1st quarter. CWM LLC now owns 7,158 shares of the company's stock valued at $102,000 after buying an additional 3,867 shares during the last quarter. State of Wyoming purchased a new position in shares of Par Pacific during the 1st quarter valued at approximately $104,000. Finally, GAMMA Investing LLC boosted its stake in shares of Par Pacific by 352.7% during the 1st quarter. GAMMA Investing LLC now owns 7,556 shares of the company's stock valued at $108,000 after buying an additional 5,887 shares during the last quarter. 92.15% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, SVP Terrill Pitkin sold 5,164 shares of the firm'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 sale, the senior vice president owned 41,223 shares of the company's stock, valued at approximately $1,153,007.31. This trade represents a 11.13% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Jeffrey Ryan Hollis sold 5,228 shares of the stock in a transaction that occurred on Tuesday, September 2nd. The stock was sold at an average price of $34.55, for a total value of $180,627.40. Following the completion of the transaction, the insider directly owned 24,679 shares of the company's stock, valued at $852,659.45. This trade represents a 17.48% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 23,954 shares of company stock worth $796,308. Company insiders own 4.40% of the company's stock.

Analyst Ratings Changes

Several research firms have recently commented on PARR. 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, May 28th. Wall Street Zen downgraded Par Pacific from a "strong-buy" rating to a "buy" rating in a report on Sunday, August 17th. Raymond James Financial set a $38.00 price target on Par Pacific and gave the company an "outperform" rating in a report on Tuesday, July 15th. TD Cowen lowered their price target on Par Pacific from $35.00 to $33.00 and set a "buy" rating for the company in a report on Thursday, August 7th. Finally, Piper Sandler increased their target price on shares of Par Pacific from $26.00 to $38.00 and gave the stock an "overweight" rating in a report on Thursday, July 10th. One research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and five have issued a Hold rating to the company. According to MarketBeat.com, Par Pacific presently has a consensus rating of "Moderate Buy" and an average target price of $28.96.

Par Pacific Stock Performance

Shares of NYSE PARR traded down $0.33 during mid-day trading on Friday, hitting $33.83. The company had a trading volume of 1,256,275 shares, compared to its average volume of 1,585,870. The stock has a market cap of $1.72 billion, a price-to-earnings ratio of -120.81 and a beta of 1.82. Par Pacific Holdings, Inc. has a 12 month low of $11.86 and a 12 month high of $35.94. The company has a debt-to-equity ratio of 0.97, a current ratio of 1.42 and a quick ratio of 0.56. The firm's 50 day simple moving average is $31.47 and its two-hundred day simple moving average is $22.26.

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

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.