GF Fund Management CO. LTD. Takes $286,000 Position in Par Pacific Holdings, Inc. (NYSE:PARR)

GF Fund Management CO. LTD. purchased a new stake in Par Pacific Holdings, Inc. (NYSE:PARR - Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 17,464 shares of the company's stock, valued at approximately $286,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Sterling Capital Management LLC grew its position in shares of Par Pacific by 821.5% during the 4th quarter. Sterling Capital Management LLC now owns 1,714 shares of the company's stock worth $28,000 after buying an additional 1,528 shares during the period. US Bancorp DE grew its stake in shares of Par Pacific by 55.7% during the 4th quarter. US Bancorp DE now owns 1,823 shares of the company's stock worth $30,000 after acquiring an additional 652 shares in the last quarter. Nisa Investment Advisors LLC grew its stake in shares of Par Pacific by 37.7% in the fourth quarter. Nisa Investment Advisors LLC now owns 2,557 shares of the company's stock valued at $42,000 after buying an additional 700 shares in the last quarter. Quadrant Capital Group LLC grew its stake in shares of Par Pacific by 123.1% in the fourth quarter. Quadrant Capital Group LLC now owns 3,233 shares of the company's stock valued at $53,000 after buying an additional 1,784 shares in the last quarter. Finally, Allworth Financial LP boosted its position in Par Pacific by 4,804.2% during the fourth quarter. Allworth Financial LP now owns 8,141 shares of the company's stock worth $139,000 after purchasing an additional 7,975 shares during the period. Institutional investors own 92.15% of the company's stock.

Par Pacific Stock Performance

Par Pacific stock traded down $0.76 during mid-day trading on Wednesday, reaching $21.71. 1,202,401 shares of the company's stock were exchanged, compared to its average volume of 1,140,696. Par Pacific Holdings, Inc. has a one year low of $11.86 and a one year high of $27.45. The firm has a market capitalization of $1.12 billion, a PE ratio of 4.21 and a beta of 1.50. The business's fifty day simple moving average is $15.71 and its 200 day simple moving average is $16.04. The company has a quick ratio of 0.66, a current ratio of 1.69 and a debt-to-equity ratio of 0.84.

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 the consensus estimate of ($0.40) by ($0.54). The firm had revenue of $1.75 billion for the quarter, compared to the consensus estimate of $1.49 billion. Par Pacific had a return on equity of 10.06% and a net margin of 3.74%. The firm's revenue was down 11.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.69 EPS. On average, sell-side analysts expect that Par Pacific Holdings, Inc. will post 0.15 earnings per share for the current year.

Analyst Ratings Changes

Several equities research analysts recently issued reports on the company. Piper Sandler boosted their price target on Par Pacific from $21.00 to $26.00 and gave the company an "overweight" rating in a research note on Thursday, May 8th. UBS Group lowered their target price on Par Pacific from $20.00 to $14.75 and set a "neutral" rating for the company in a research note on Wednesday, April 16th. The Goldman Sachs Group cut Par Pacific from a "buy" rating to a "neutral" rating and set a $19.00 price target on the stock. in a report on Wednesday. Wall Street Zen cut Par Pacific from a "hold" rating to a "sell" rating in a report on Friday, February 28th. Finally, TD Cowen reduced their target price on Par Pacific from $21.00 to $17.00 and set a "buy" rating on the stock in a report on Thursday, February 27th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and four have issued a buy rating to the company. According to MarketBeat.com, the stock has an average rating of "Hold" and a consensus target price of $21.25.

Par Pacific Profile

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.