GTS Securities LLC Purchases Shares of 16,840 Par Pacific Holdings, Inc. (NYSE:PARR)

GTS Securities LLC acquired a new position in Par Pacific Holdings, Inc. (NYSE:PARR - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 16,840 shares of the company's stock, valued at approximately $276,000.

Several other hedge funds have also recently bought and sold shares of PARR. Millennium Management LLC increased its position in Par Pacific by 43.4% in the 4th quarter. Millennium Management LLC now owns 1,936,798 shares of the company's stock worth $31,744,000 after purchasing an additional 586,003 shares during the last quarter. Nuveen Asset Management LLC increased its stake in Par Pacific by 9.8% in the fourth quarter. Nuveen Asset Management LLC now owns 1,029,798 shares of the company's stock valued at $16,878,000 after acquiring an additional 91,814 shares during the period. Charles Schwab Investment Management Inc. lifted its stake in Par Pacific by 22.6% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 909,220 shares of the company's stock worth $14,902,000 after purchasing an additional 167,594 shares during the period. Bridgeway Capital Management LLC lifted its stake in Par Pacific by 1.9% during the fourth quarter. Bridgeway Capital Management LLC now owns 797,218 shares of the company's stock worth $13,066,000 after purchasing an additional 15,240 shares during the period. Finally, Solas Capital Management LLC boosted its holdings in Par Pacific by 417.7% during the fourth quarter. Solas Capital Management LLC now owns 795,000 shares of the company's stock valued at $13,030,000 after purchasing an additional 641,423 shares in the last quarter. 92.15% of the stock is currently owned by institutional investors.

Par Pacific Stock Performance

Shares of NYSE:PARR traded down $0.41 on Friday, hitting $21.59. The company had a trading volume of 1,670,199 shares, compared to its average volume of 1,148,136. The stock has a 50 day moving average price of $16.17 and a 200 day moving average price of $16.15. 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 stock has a market cap of $1.11 billion, a price-to-earnings ratio of 4.18 and a beta of 1.50. Par Pacific Holdings, Inc. has a 1-year low of $11.86 and a 1-year high of $27.45.

Par Pacific (NYSE:PARR - Get Free Report) last announced its quarterly earnings data 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 business 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%. Par Pacific's quarterly revenue was down 11.9% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.69 earnings per share. Analysts expect that Par Pacific Holdings, Inc. will post 0.15 EPS for the current year.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on PARR shares. The Goldman Sachs Group downgraded Par Pacific from a "buy" rating to a "neutral" rating and set a $19.00 price objective for the company. in a research report on Wednesday. TD Cowen reduced their price objective on shares of Par Pacific from $21.00 to $17.00 and set a "buy" rating on the stock in a research note on Thursday, February 27th. UBS Group cut their price target on Par Pacific from $20.00 to $14.75 and set a "neutral" rating on the stock in a research note on Wednesday, April 16th. Wall Street Zen lowered Par Pacific from a "hold" rating to a "sell" rating in a research report on Friday, February 28th. Finally, Mizuho lifted their price objective on 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 given a hold rating and four have given a buy rating to the company. Based on data from MarketBeat.com, Par Pacific presently has an average rating of "Hold" and a consensus target price of $21.25.

Par Pacific Company 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.