10,694 Shares in Par Pacific Holdings, Inc. $PARR Acquired by Ieq Capital LLC

Ieq Capital LLC bought a new position in shares of Par Pacific Holdings, Inc. (NYSE:PARR - Free Report) during the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor bought 10,694 shares of the company's stock, valued at approximately $152,000.

Several other large investors have also recently added to or reduced their stakes in PARR. Price T Rowe Associates Inc. MD increased its stake in Par Pacific by 10.1% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 59,812 shares of the company's stock worth $981,000 after buying an additional 5,489 shares during the period. Northern Trust Corp increased its position in shares of Par Pacific by 8.6% in the 4th quarter. Northern Trust Corp now owns 626,984 shares of the company's stock valued at $10,276,000 after purchasing an additional 49,750 shares during the last quarter. Jane Street Group LLC purchased a new position in shares of Par Pacific in the 4th quarter valued at $981,000. Ameriprise Financial Inc. grew its position in Par Pacific by 35.0% during the 4th quarter. Ameriprise Financial Inc. now owns 248,972 shares of the company's stock worth $4,081,000 after purchasing an additional 64,536 shares during the last quarter. Finally, BNP Paribas Financial Markets grew its position in Par Pacific by 52.1% during the 4th quarter. BNP Paribas Financial Markets now owns 67,537 shares of the company's stock worth $1,107,000 after purchasing an additional 23,121 shares during the last quarter. 92.15% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

PARR has been the subject of several recent analyst reports. TD Cowen reduced their target price on shares of Par Pacific from $35.00 to $33.00 and set a "buy" rating for the company in a research note on Thursday, August 7th. Mizuho set a $34.00 target price on shares of Par Pacific and gave the stock a "neutral" rating in a research note on Friday, July 11th. The Goldman Sachs Group cut shares of Par Pacific from a "buy" rating to a "neutral" rating and set a $19.00 target price for the company. in a research note on Wednesday, May 28th. Zacks Research upgraded shares of Par Pacific to a "strong-buy" rating in a research note on Monday, August 11th. Finally, Cowen reiterated a "buy" rating on shares of Par Pacific in a research note on Thursday, August 7th. One analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat, Par Pacific presently has a consensus rating of "Moderate Buy" and a consensus price target of $29.82.

Insider Activity

In other news, insider Jeffrey Ryan Hollis sold 5,228 shares of the company's stock in a transaction dated Tuesday, September 2nd. The stock was sold at an average price of $34.55, for a total value of $180,627.40. Following the transaction, the insider owned 24,679 shares in the company, valued at $852,659.45. This represents a 17.48% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CAO Ivan Daniel Guerra sold 5,500 shares of the company's stock in a transaction dated Tuesday, September 2nd. The shares were sold at an average price of $35.11, for a total value of $193,105.00. Following the completion of the transaction, the chief accounting officer owned 17,491 shares in the company, valued at $614,109.01. This represents a 23.92% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 23,954 shares of company stock valued at $796,308 over the last ninety days. Corporate insiders own 4.40% of the company's stock.

Par Pacific Price Performance

PARR traded up $0.83 on Thursday, reaching $34.10. The company had a trading volume of 903,435 shares, compared to its average volume of 1,417,135. Par Pacific Holdings, Inc. has a one year low of $11.86 and a one year high of $36.39. The company has a current ratio of 1.42, a quick ratio of 0.56 and a debt-to-equity ratio of 0.97. The company has a market capitalization of $1.73 billion, a P/E ratio of -121.67 and a beta of 1.82. The company has a fifty day moving average of $31.83 and a 200-day moving average of $22.64.

Par Pacific (NYSE:PARR - Get Free Report) last issued its quarterly earnings results on Tuesday, August 5th. The company reported $1.54 earnings per share for the quarter, beating analysts' consensus estimates of $0.74 by $0.80. Par Pacific had a negative net margin of 0.25% and a negative return on equity of 1.79%. The company had revenue of $1.89 billion during the quarter, compared to the consensus estimate of $1.47 billion. During the same period in the prior year, the company earned $0.49 EPS. Par Pacific's revenue was down 6.2% on a year-over-year basis. As a group, equities research analysts anticipate that Par Pacific Holdings, Inc. will post 0.15 earnings per share for the current year.

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.