13,584 Shares in Par Pacific Holdings, Inc. (NYSE:PARR) Acquired by Envestnet Portfolio Solutions Inc.

Envestnet Portfolio Solutions Inc. bought a new position in Par Pacific Holdings, Inc. (NYSE:PARR - Free Report) in the first quarter, according to the company in its most recent filing with the SEC. The fund bought 13,584 shares of the company's stock, valued at approximately $194,000.

Several other large investors have also recently modified their holdings of PARR. Principal Financial Group Inc. boosted its position in Par Pacific by 2.2% during the 4th quarter. Principal Financial Group Inc. now owns 271,242 shares of the company's stock valued at $4,446,000 after acquiring an additional 5,710 shares in the last quarter. New York State Common Retirement Fund increased its holdings in Par Pacific by 19.1% in the 4th quarter. New York State Common Retirement Fund now owns 28,694 shares of the company's stock worth $470,000 after acquiring an additional 4,600 shares in the last quarter. Proficio Capital Partners LLC acquired a new position in shares of Par Pacific during the fourth quarter valued at approximately $236,000. US Bancorp DE grew its holdings in shares of Par Pacific by 55.7% during the fourth quarter. US Bancorp DE now owns 1,823 shares of the company's stock worth $30,000 after buying an additional 652 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its position in 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 buying an additional 167,594 shares in the last quarter. Institutional investors own 92.15% of the company's stock.

Par Pacific Stock Performance

Shares of Par Pacific stock traded up $1.30 during trading hours on Friday, reaching $31.13. The company's stock had a trading volume of 1,762,031 shares, compared to its average volume of 1,210,911. Par Pacific Holdings, Inc. has a one year low of $11.86 and a one year high of $31.66. The stock has a market cap of $1.61 billion, a P/E ratio of -27.54 and a beta of 1.73. The company has a debt-to-equity ratio of 1.04, a quick ratio of 0.54 and a current ratio of 1.56. The company's 50 day simple moving average is $21.78 and its 200 day simple moving average is $17.54.

Par Pacific (NYSE:PARR - Get Free Report) last posted its quarterly earnings data on Monday, May 5th. The company reported ($0.94) EPS for the quarter, missing analysts' consensus estimates of ($0.40) by ($0.54). The company had revenue of $1.75 billion for the quarter, compared to analyst estimates of $1.49 billion. Par Pacific had a negative net margin of 0.77% and a negative return on equity of 5.87%. Par Pacific's revenue was down 11.9% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.69 EPS. As a group, analysts expect that Par Pacific Holdings, Inc. will post 0.15 EPS for the current fiscal year.

Analyst Ratings Changes

A number of research analysts have commented on PARR shares. Mizuho upped their target price on shares of Par Pacific from $18.00 to $21.00 and gave the company a "neutral" rating in a research report on Tuesday, May 13th. The Goldman Sachs Group lowered shares of Par Pacific from a "buy" rating to a "neutral" rating and set a $19.00 price target on the stock. in a research note on Wednesday, May 28th. Wall Street Zen downgraded shares of Par Pacific from a "hold" rating to a "sell" rating in a research note on Friday, June 6th. UBS Group cut their price target on shares of Par Pacific from $20.00 to $14.75 and set a "neutral" rating for the company in a report on Wednesday, April 16th. Finally, Piper Sandler boosted their price target on Par Pacific from $21.00 to $26.00 and gave the stock an "overweight" rating in a research note on Thursday, May 8th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of "Hold" and a consensus price target of $21.96.

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.