14,612 Shares in Par Pacific Holdings, Inc. $PARR Purchased by EntryPoint Capital LLC

Key Points

• EntryPoint Capital LLC has acquired a new position in Par Pacific Holdings, Inc., purchasing 14,612 shares valued at approximately $208,000.
• The stock is heavily held by institutional investors, with 92.15% of the shares owned by them, indicating strong institutional interest.
• Par Pacific reported significant earnings of $1.54 per share in its latest quarter, exceeding estimates and highlighting a solid financial performance despite a 6.2% revenue decline year-over-year.

EntryPoint Capital LLC acquired a new stake in Par Pacific Holdings, Inc. (NYSE:PARR - Free Report) during the first quarter, according to its most recent 13F filing with the SEC. The fund acquired 14,612 shares of the company's stock, valued at approximately $208,000.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Sterling Capital Management LLC raised its stake in Par Pacific by 821.5% in the 4th quarter. Sterling Capital Management LLC now owns 1,714 shares of the company's stock valued at $28,000 after acquiring an additional 1,528 shares during the period. Signaturefd LLC raised its stake in Par Pacific by 70.2% in the 1st quarter. Signaturefd LLC now owns 2,391 shares of the company's stock valued at $34,000 after acquiring an additional 986 shares during the period. Caitong International Asset Management Co. Ltd bought a new stake in shares of Par Pacific during the first quarter valued at about $35,000. CWM LLC increased its position in shares of Par Pacific by 117.5% during the first 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 period. Finally, GAMMA Investing LLC increased its position in shares of Par Pacific by 352.7% during the first 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 period. 92.15% of the stock is currently owned by institutional investors.

Par Pacific Price Performance

PARR traded down $0.29 during midday trading on Friday, hitting $33.58. The stock had a trading volume of 279,841 shares, compared to its average volume of 1,408,231. The company has a market cap of $1.71 billion, a P/E ratio of -119.77 and a beta of 1.83. The business has a fifty day moving average of $30.53 and a 200 day moving average of $21.49. The company has a debt-to-equity ratio of 0.97, a quick ratio of 0.56 and a current ratio of 1.42. Par Pacific Holdings, Inc. has a 1 year low of $11.86 and a 1 year high of $35.32.

Par Pacific (NYSE:PARR - Get Free Report) last released its quarterly earnings data on Tuesday, August 5th. The company reported $1.54 earnings per share for the quarter, beating analysts' consensus estimates of $0.74 by $0.80. The firm had revenue of $1.89 billion during the quarter, compared to analyst estimates 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 quarterly revenue was down 6.2% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.49 earnings per share. As a group, equities analysts forecast that Par Pacific Holdings, Inc. will post 0.15 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on PARR. Mizuho set a $34.00 price target on Par Pacific and gave the company a "neutral" rating in a research report on Friday, July 11th. Cowen reiterated a "buy" rating on shares of Par Pacific in a research report on Thursday, August 7th. Wall Street Zen cut Par Pacific from a "strong-buy" rating to a "buy" rating in a research report on Sunday, August 17th. Piper Sandler upped their price target on Par Pacific from $26.00 to $38.00 and gave the company an "overweight" rating in a research report on Thursday, July 10th. Finally, Raymond James Financial set a $38.00 price target on Par Pacific and gave the company an "outperform" rating in a research report on Tuesday, July 15th. One investment analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and five have assigned a Hold rating to the company's stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $28.96.

Insider Buying and Selling

In related news, SVP Terrill Pitkin sold 5,164 shares of the firm's stock in a transaction 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 completion of the sale, the senior vice president owned 41,223 shares of the company's stock, valued at $1,153,007.31. This trade represents a 11.13% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. 4.40% of the stock is owned by insiders.

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.