GSA Capital Partners LLP Makes New $1.70 Million Investment in Par Pacific Holdings, Inc. (NYSE:PARR)

Key Points

• GSA Capital Partners LLP has acquired a new stake in Par Pacific Holdings by purchasing 118,960 shares valued at approximately $1,696,000, representing about 0.22% of the company's ownership.
• Par Pacific reported a quarterly loss of ($0.94) earnings per share, missing estimates, despite revenue hitting $1.75 billion.
• Institutional investors hold 92.15% of Par Pacific’s stock, with multiple funds increasing their positions in the company during the first quarter.

GSA Capital Partners LLP acquired a new stake in Par Pacific Holdings, Inc. (NYSE:PARR - Free Report) during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The firm acquired 118,960 shares of the company's stock, valued at approximately $1,696,000. GSA Capital Partners LLP owned about 0.22% of Par Pacific as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Sterling Capital Management LLC increased its holdings in Par Pacific by 821.5% during the fourth 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 last quarter. Signaturefd LLC increased its holdings in Par Pacific by 70.2% during the first quarter. Signaturefd LLC now owns 2,391 shares of the company's stock worth $34,000 after buying an additional 986 shares during the last quarter. Quadrant Capital Group LLC increased its holdings in Par Pacific by 123.1% during the fourth quarter. Quadrant Capital Group LLC now owns 3,233 shares of the company's stock worth $53,000 after buying an additional 1,784 shares during the last quarter. CWM LLC boosted its position in Par Pacific by 117.5% during the first quarter. CWM LLC now owns 7,158 shares of the company's stock worth $102,000 after purchasing an additional 3,867 shares during the period. Finally, GAMMA Investing LLC increased its holdings in shares of Par Pacific by 352.7% in the first quarter. GAMMA Investing LLC now owns 7,556 shares of the company's stock valued at $108,000 after purchasing an additional 5,887 shares during the last quarter. 92.15% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

PARR has been the topic of several research reports. UBS Group decreased their price objective on shares of Par Pacific from $20.00 to $14.75 and set a "neutral" rating on the stock in a report on Wednesday, April 16th. Wall Street Zen downgraded shares of Par Pacific from a "hold" rating to a "sell" rating in a report on Friday, June 6th. The Goldman Sachs Group downgraded shares of Par Pacific from a "buy" rating to a "neutral" rating and set a $19.00 price objective on the stock. in a report on Wednesday, May 28th. Raymond James Financial set a $38.00 price objective on shares of Par Pacific and gave the company an "outperform" rating in a report on Tuesday, July 15th. Finally, Piper Sandler upped their price objective on shares of Par Pacific from $26.00 to $38.00 and gave the company an "overweight" rating in a report on Thursday, July 10th. One analyst has rated the stock with a sell rating, five have given a hold rating and four have assigned a buy rating to the company's stock. According to data from MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus price target of $26.68.

Par Pacific Stock Performance

Shares of Par Pacific stock traded down $1.45 during trading on Friday, reaching $29.93. The company's stock had a trading volume of 1,414,292 shares, compared to its average volume of 1,077,249. The firm has a market cap of $1.54 billion, a PE ratio of -26.49 and a beta of 1.83. The company has a quick ratio of 0.54, a current ratio of 1.56 and a debt-to-equity ratio of 1.04. Par Pacific Holdings, Inc. has a 52 week low of $11.86 and a 52 week high of $35.32. The business's 50-day moving average price is $27.99 and its 200-day moving average price is $19.85.

Par Pacific (NYSE:PARR - Get Free Report) last released its quarterly earnings data on Monday, May 5th. The company reported ($0.94) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.40) by ($0.54). The firm had revenue of $1.75 billion during 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%. The business's quarterly revenue was down 11.9% compared to the same quarter last year. During the same period in the prior year, the company earned $0.69 EPS. Equities analysts forecast that Par Pacific Holdings, Inc. will post 0.15 earnings per share for the current year.

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.