Jane Street Group LLC Invests $981,000 in 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) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 59,833 shares of the company's stock, valued at approximately $981,000. Jane Street Group LLC owned approximately 0.11% of Par Pacific at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Sterling Capital Management LLC boosted its position in shares of Par Pacific by 821.5% during the 4th quarter. Sterling Capital Management LLC now owns 1,714 shares of the company's stock worth $28,000 after purchasing an additional 1,528 shares in the last quarter. US Bancorp DE raised its holdings in shares of Par Pacific by 55.7% in the 4th quarter. US Bancorp DE now owns 1,823 shares of the company's stock worth $30,000 after acquiring an additional 652 shares during the last quarter. Nisa Investment Advisors LLC raised its holdings in shares of Par Pacific by 37.7% in the 4th quarter. Nisa Investment Advisors LLC now owns 2,557 shares of the company's stock worth $42,000 after acquiring an additional 700 shares during the last quarter. Quadrant Capital Group LLC raised its holdings in shares of Par Pacific by 123.1% in the 4th quarter. Quadrant Capital Group LLC now owns 3,233 shares of the company's stock worth $53,000 after acquiring an additional 1,784 shares during the last quarter. Finally, Allworth Financial LP raised its holdings in shares of Par Pacific by 4,804.2% in the 4th quarter. Allworth Financial LP now owns 8,141 shares of the company's stock worth $139,000 after acquiring an additional 7,975 shares during the last quarter. Institutional investors own 92.15% of the company's stock.

Par Pacific Trading Up 9.6%

NYSE:PARR opened at $21.54 on Friday. The firm has a 50-day moving average price of $15.26 and a two-hundred day moving average price of $15.91. 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 52 week low of $11.86 and a 52 week high of $28.15. The firm has a market cap of $1.11 billion, a price-to-earnings ratio of 4.17 and a beta of 1.50.

Par Pacific (NYSE:PARR - Get Free Report) last issued its quarterly earnings results 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). Par Pacific had a return on equity of 10.06% and a net margin of 3.74%. The company had revenue of $1.75 billion for the quarter, compared to analysts' expectations of $1.49 billion. During the same quarter in the previous year, the business earned $0.69 EPS. The company's revenue for the quarter was down 11.9% on a year-over-year basis. On average, equities analysts expect that Par Pacific Holdings, Inc. will post 0.15 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on the stock. Raymond James assumed coverage on shares of Par Pacific in a report on Friday, January 24th. They issued an "outperform" rating and a $25.00 target price on the stock. UBS Group lowered their target price 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 lowered shares of Par Pacific from a "hold" rating to a "sell" rating in a report on Friday, February 28th. Piper Sandler upped their target price on shares of Par Pacific from $21.00 to $26.00 and gave the stock an "overweight" rating in a report on Thursday, May 8th. Finally, Mizuho increased 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. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and five have given a buy rating to the stock. According to MarketBeat, the company presently has an average rating of "Hold" and a consensus price target 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.

Want to see what other hedge funds are holding PARR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Par Pacific Holdings, Inc. (NYSE:PARR - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.