First Citizens Bank & Trust Co. Acquires Shares of 15,349 Par Pacific Holdings, Inc. (NYSE:PARR)

First Citizens Bank & Trust Co. purchased a new stake in Par Pacific Holdings, Inc. (NYSE:PARR - Free Report) during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm purchased 15,349 shares of the company's stock, valued at approximately $219,000.

Other institutional investors also recently modified their holdings of the company. Sterling Capital Management LLC raised its holdings in Par Pacific by 821.5% during the 4th quarter. Sterling Capital Management LLC now owns 1,714 shares of the company's stock valued at $28,000 after buying an additional 1,528 shares during the last quarter. US Bancorp DE boosted its position 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 acquiring an additional 652 shares during the last quarter. Quadrant Capital Group LLC lifted its holdings in shares of Par Pacific by 123.1% in the 4th quarter. Quadrant Capital Group LLC now owns 3,233 shares of the company's stock valued at $53,000 after acquiring an additional 1,784 shares during the last quarter. Allworth Financial LP boosted its position in shares of Par Pacific by 4,804.2% during the fourth quarter. Allworth Financial LP now owns 8,141 shares of the company's stock valued at $139,000 after buying an additional 7,975 shares during the period. Finally, Gotham Asset Management LLC bought a new position in shares of Par Pacific during the 4th quarter worth $183,000. 92.15% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on PARR shares. Piper Sandler increased their price objective on shares of Par Pacific from $21.00 to $26.00 and gave the stock an "overweight" rating in a research note on Thursday, May 8th. Mizuho raised their price target on shares of Par Pacific from $18.00 to $21.00 and gave the stock a "neutral" rating in a report on Tuesday, May 13th. TD Cowen dropped their price objective on Par Pacific from $21.00 to $17.00 and set a "buy" rating for the company in a research note on Thursday, February 27th. UBS Group lowered 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, Wall Street Zen downgraded Par Pacific from a "hold" rating to a "sell" rating in a report on Friday, June 6th. One research analyst has rated the stock with a sell rating, five have given a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat, Par Pacific has a consensus rating of "Hold" and a consensus target price of $21.25.

Par Pacific Price Performance

Shares of PARR traded up $0.32 during mid-day trading on Thursday, hitting $23.93. 808,309 shares of the company traded hands, compared to its average volume of 1,158,709. The stock has a market capitalization of $1.23 billion, a price-to-earnings ratio of 4.64 and a beta of 1.68. Par Pacific Holdings, Inc. has a one year low of $11.86 and a one year high of $27.45. The company has a current ratio of 1.69, a quick ratio of 0.66 and a debt-to-equity ratio of 0.84. The business has a 50-day moving average of $17.41 and a 200 day moving average of $16.40.

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