16,840 Shares in Par Pacific Holdings, Inc. (NYSE:PARR) Acquired by GTS Securities LLC

GTS Securities LLC acquired a new stake in shares of Par Pacific Holdings, Inc. (NYSE:PARR - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 16,840 shares of the company's stock, valued at approximately $276,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. Barclays PLC increased its position in shares of Par Pacific by 10.1% in the 3rd quarter. Barclays PLC now owns 469,640 shares of the company's stock valued at $8,265,000 after acquiring an additional 42,930 shares during the period. Nisa Investment Advisors LLC grew its stake in Par Pacific by 37.7% during the 4th quarter. Nisa Investment Advisors LLC now owns 2,557 shares of the company's stock valued at $42,000 after purchasing an additional 700 shares during the last quarter. Exchange Traded Concepts LLC increased its holdings in shares of Par Pacific by 17.3% in the fourth quarter. Exchange Traded Concepts LLC now owns 19,169 shares of the company's stock valued at $314,000 after purchasing an additional 2,825 shares during the period. Yorktown Management & Research Co Inc purchased a new position in shares of Par Pacific in the fourth quarter worth about $415,000. Finally, Empowered Funds LLC raised its stake in shares of Par Pacific by 5.1% in the fourth quarter. Empowered Funds LLC now owns 313,768 shares of the company's stock worth $5,143,000 after purchasing an additional 15,240 shares during the last quarter. 92.15% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on the stock. The Goldman Sachs Group downgraded shares of 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, May 28th. Wall Street Zen lowered shares of Par Pacific from a "hold" rating to a "sell" rating in a research note on Friday, February 28th. UBS Group decreased their target price on shares of Par Pacific from $20.00 to $14.75 and set a "neutral" rating for the company in a research report on Wednesday, April 16th. TD Cowen lowered their price target on shares of Par Pacific from $21.00 to $17.00 and set a "buy" rating on the stock in a report on Thursday, February 27th. Finally, Mizuho lifted their price objective on Par Pacific from $18.00 to $21.00 and gave the company a "neutral" rating in a research note on Tuesday, May 13th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and four have issued a buy rating to the company's stock. According to data from MarketBeat, the company presently has a consensus rating of "Hold" and an average price target of $21.25.

Par Pacific Stock Performance

PARR traded down $0.15 on Tuesday, reaching $21.84. The stock had a trading volume of 1,217,480 shares, compared to its average volume of 1,149,279. Par Pacific Holdings, Inc. has a 12-month low of $11.86 and a 12-month 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 company has a market cap of $1.13 billion, a P/E ratio of 4.23 and a beta of 1.50. The business's 50-day moving average price is $16.47 and its two-hundred day moving average price is $16.20.

Par Pacific (NYSE:PARR - Get Free Report) last announced its 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). Par Pacific had a return on equity of 10.06% and a net margin of 3.74%. The business had revenue of $1.75 billion for the quarter, compared to analyst estimates of $1.49 billion. During the same period in the previous year, the company earned $0.69 earnings per share. The company's quarterly revenue was down 11.9% compared to the same quarter last year. Sell-side analysts forecast that Par Pacific Holdings, Inc. will post 0.15 earnings per share for the current 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.