GAMMA Investing LLC Increases Stake in Par Pacific Holdings, Inc. (NYSE:PARR)

GAMMA Investing LLC boosted its position in shares of Par Pacific Holdings, Inc. (NYSE:PARR - Free Report) by 6,355.9% during the 1st quarter, according to its most recent 13F filing with the SEC. The fund owned 107,749 shares of the company's stock after purchasing an additional 106,080 shares during the quarter. GAMMA Investing LLC owned about 0.20% of Par Pacific worth $1,537,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Sterling Capital Management LLC lifted its stake 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 acquiring an additional 1,528 shares during the period. US Bancorp DE lifted its stake in Par Pacific by 55.7% during the 4th quarter. US Bancorp DE now owns 1,823 shares of the company's stock valued at $30,000 after acquiring an additional 652 shares during the period. Quadrant Capital Group LLC lifted its stake in Par Pacific by 123.1% during 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 period. Allworth Financial LP lifted its stake in Par Pacific by 4,804.2% during the 4th quarter. Allworth Financial LP now owns 8,141 shares of the company's stock valued at $139,000 after acquiring an additional 7,975 shares during the period. Finally, Gotham Asset Management LLC bought a new position in Par Pacific during the 4th quarter valued at about $183,000. 92.15% of the stock is owned by hedge funds and other institutional investors.

Par Pacific Trading Up 2.4%

Shares of PARR opened at $24.54 on Friday. The company has a debt-to-equity ratio of 0.84, a current ratio of 1.69 and a quick ratio of 0.66. Par Pacific Holdings, Inc. has a 1 year low of $11.86 and a 1 year high of $27.45. The company has a 50 day simple moving average of $17.84 and a two-hundred day simple moving average of $16.49. The firm has a market cap of $1.27 billion, a P/E ratio of 4.76 and a beta of 1.68.

Par Pacific (NYSE:PARR - Get Free Report) last posted its 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). Par Pacific had a net margin of 3.74% and a return on equity of 10.06%. The business had revenue of $1.75 billion during the quarter, compared to analysts' expectations of $1.49 billion. During the same period last year, the business posted $0.69 earnings per share. The company's revenue for the quarter was down 11.9% compared to the same quarter last year. On average, equities analysts expect that Par Pacific Holdings, Inc. will post 0.15 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

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

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