Nuveen Asset Management LLC Has $16.88 Million Holdings in Par Pacific Holdings, Inc. (NYSE:PARR)

Nuveen Asset Management LLC boosted its holdings in Par Pacific Holdings, Inc. (NYSE:PARR - Free Report) by 9.8% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 1,029,798 shares of the company's stock after acquiring an additional 91,814 shares during the period. Nuveen Asset Management LLC owned 1.84% of Par Pacific worth $16,878,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also added to or reduced their stakes in the business. Millennium Management LLC raised its stake in Par Pacific by 43.4% in the 4th quarter. Millennium Management LLC now owns 1,936,798 shares of the company's stock valued at $31,744,000 after acquiring an additional 586,003 shares during the period. Charles Schwab Investment Management Inc. increased its position in Par Pacific by 22.6% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 909,220 shares of the company's stock worth $14,902,000 after buying an additional 167,594 shares during the period. Bridgeway Capital Management LLC increased its position in Par Pacific by 1.9% during the 4th quarter. Bridgeway Capital Management LLC now owns 797,218 shares of the company's stock worth $13,066,000 after buying an additional 15,240 shares during the period. Solas Capital Management LLC increased its position in Par Pacific by 417.7% during the 4th quarter. Solas Capital Management LLC now owns 795,000 shares of the company's stock worth $13,030,000 after buying an additional 641,423 shares during the period. Finally, Barclays PLC increased its position in Par Pacific by 53.0% during the 4th quarter. Barclays PLC now owns 718,688 shares of the company's stock worth $11,779,000 after buying an additional 249,048 shares during the period. Institutional investors own 92.15% of the company's stock.

Wall Street Analyst Weigh In

Several research firms have weighed in on PARR. Piper Sandler increased their price objective on Par Pacific from $21.00 to $26.00 and gave the stock an "overweight" rating in a research report on Thursday, May 8th. TD Cowen lowered their price objective on Par Pacific from $21.00 to $17.00 and set a "buy" rating on the stock in a research report on Thursday, February 27th. Wall Street Zen cut Par Pacific from a "hold" rating to a "sell" rating in a research report on Friday, February 28th. Mizuho increased their price objective on Par Pacific from $18.00 to $21.00 and gave the stock a "neutral" rating in a research report on Tuesday, May 13th. Finally, The Goldman Sachs Group lowered Par Pacific from a "buy" rating to a "neutral" rating and set a $19.00 target price on the stock. in a report on Wednesday. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and four have given a buy rating to the company's stock. Based on data from MarketBeat.com, Par Pacific presently has an average rating of "Hold" and an average price target of $21.25.

Par Pacific Price Performance

Shares of PARR traded down $0.02 during trading hours on Thursday, hitting $21.68. 97,947 shares of the company were exchanged, compared to its average volume of 1,361,265. The company has a market cap of $1.12 billion, a price-to-earnings ratio of 4.20 and a beta of 1.50. Par Pacific Holdings, Inc. has a fifty-two week low of $11.86 and a fifty-two week high of $27.45. The company has a quick ratio of 0.66, a current ratio of 1.69 and a debt-to-equity ratio of 0.84. The firm's fifty day moving average is $15.86 and its 200 day moving average is $16.08.

Par Pacific (NYSE:PARR - Get Free Report) last released 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 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%. The business's quarterly revenue was down 11.9% compared to the same quarter last year. During the same period last year, the business earned $0.69 earnings per share. On average, equities analysts anticipate that Par Pacific Holdings, Inc. will post 0.15 earnings per share for the current fiscal year.

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.