Millennium Management LLC Grows Stake in Par Pacific Holdings, Inc. (NYSE:PARR)

Millennium Management LLC grew its holdings in Par Pacific Holdings, Inc. (NYSE:PARR - Free Report) by 43.4% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,936,798 shares of the company's stock after purchasing an additional 586,003 shares during the period. Millennium Management LLC owned approximately 3.46% of Par Pacific worth $31,744,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also modified their holdings of the company. Sterling Capital Management LLC lifted its stake in shares of Par Pacific by 821.5% in the 4th quarter. Sterling Capital Management LLC now owns 1,714 shares of the company's stock valued at $28,000 after purchasing an additional 1,528 shares during the last quarter. US Bancorp DE lifted its stake 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 valued at $30,000 after purchasing an additional 652 shares during the last quarter. Nisa Investment Advisors LLC lifted its stake 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 valued at $42,000 after purchasing an additional 700 shares during the last quarter. Quadrant Capital Group LLC lifted its stake 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 valued at $53,000 after purchasing an additional 1,784 shares during the last quarter. Finally, Allworth Financial LP lifted its stake 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 valued at $139,000 after purchasing an additional 7,975 shares during the last quarter. Institutional investors and hedge funds own 92.15% of the company's stock.

Par Pacific Stock Up 2.0%

PARR stock traded up $0.43 during mid-day trading on Friday, reaching $21.95. The company had a trading volume of 1,626,531 shares, compared to its average volume of 1,138,194. The company has a debt-to-equity ratio of 0.84, a quick ratio of 0.66 and a current ratio of 1.69. The company has a market capitalization of $1.13 billion, a price-to-earnings ratio of 4.25 and a beta of 1.50. The firm has a fifty day simple moving average of $15.41 and a 200 day simple moving average of $15.96. Par Pacific Holdings, Inc. has a fifty-two week low of $11.86 and a fifty-two week high of $27.82.

Par Pacific (NYSE:PARR - Get Free Report) last posted its quarterly earnings results on Monday, May 5th. The company reported ($0.94) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.40) by ($0.54). The company had revenue of $1.75 billion during the quarter, compared to analyst estimates of $1.49 billion. Par Pacific had a net margin of 3.74% and a return on equity of 10.06%. Par Pacific's revenue for the quarter was down 11.9% on a year-over-year basis. During the same period in the prior year, the business earned $0.69 EPS. Analysts forecast that Par Pacific Holdings, Inc. will post 0.15 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several brokerages have recently commented on PARR. Piper Sandler upped their price target on Par Pacific from $21.00 to $26.00 and gave the company an "overweight" rating in a research note on Thursday, May 8th. UBS Group decreased their target price 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. Mizuho increased their target price on Par Pacific from $18.00 to $21.00 and gave the stock a "neutral" rating in a research note on Tuesday, May 13th. Wall Street Zen lowered Par Pacific from a "hold" rating to a "sell" rating in a research note on Friday, February 28th. Finally, The Goldman Sachs Group raised Par Pacific from a "neutral" rating to a "buy" rating and increased their target price for the stock from $18.00 to $19.00 in a research note on Thursday, March 27th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and five have issued a buy rating to the company's stock. According to MarketBeat, the stock has an average rating of "Hold" and an average target price 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.