Jane Street Group LLC Buys Shares of 59,833 Par Pacific Holdings, Inc. (NYSE:PARR)

Jane Street Group LLC acquired a new position in shares of Par Pacific Holdings, Inc. (NYSE:PARR - Free Report) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund acquired 59,833 shares of the company's stock, valued at approximately $981,000. Jane Street Group LLC owned 0.11% of Par Pacific as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in PARR. Freestone Grove Partners LP acquired a new position in shares of Par Pacific during the 4th quarter valued at $307,000. Northern Trust Corp raised its position in Par Pacific by 8.6% in the fourth 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 period. Susquehanna Fundamental Investments LLC purchased a new position in Par Pacific in the fourth quarter valued at about $2,607,000. Solas Capital Management LLC lifted its stake in shares of Par Pacific by 417.7% during the fourth quarter. Solas Capital Management LLC now owns 795,000 shares of the company's stock worth $13,030,000 after purchasing an additional 641,423 shares in the last quarter. Finally, Nebula Research & Development LLC boosted its position in shares of Par Pacific by 36.9% in the fourth quarter. Nebula Research & Development LLC now owns 83,314 shares of the company's stock worth $1,366,000 after buying an additional 22,450 shares during the period. Institutional investors and hedge funds own 92.15% of the company's stock.

Par Pacific Stock Down 3.4%

Shares of Par Pacific stock traded down $0.76 during trading on Wednesday, reaching $21.71. The company had a trading volume of 1,202,401 shares, compared to its average volume of 1,140,696. The company has a debt-to-equity ratio of 0.84, a quick ratio of 0.66 and a current ratio of 1.69. Par Pacific Holdings, Inc. has a fifty-two week low of $11.86 and a fifty-two week high of $27.45. The firm's fifty day moving average is $15.86 and its 200-day moving average is $16.08. The company has a market cap of $1.12 billion, a price-to-earnings ratio of 4.21 and a beta of 1.50.

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). Par Pacific had a net margin of 3.74% and a return on equity of 10.06%. The firm had revenue of $1.75 billion during the quarter, compared to the consensus estimate of $1.49 billion. During the same period in the prior year, the firm earned $0.69 earnings per share. The firm's quarterly revenue was down 11.9% compared to the same quarter last year. On average, analysts anticipate that Par Pacific Holdings, Inc. will post 0.15 EPS for the current year.

Wall Street Analyst Weigh In

PARR has been the topic of several analyst reports. TD Cowen dropped 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. Wall Street Zen downgraded shares of Par Pacific from a "hold" rating to a "sell" rating in a research report on Friday, February 28th. Mizuho lifted their price objective on shares of Par Pacific from $18.00 to $21.00 and gave the company a "neutral" rating in a research note on Tuesday, May 13th. The Goldman Sachs Group downgraded 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. Finally, Piper Sandler raised their price target on shares of Par Pacific from $21.00 to $26.00 and gave the company an "overweight" rating in a report on Thursday, May 8th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and four have issued a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus price target 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.