Par Pacific Holdings, Inc. (NYSE:PARR) Shares Sold by CenterBook Partners LP

CenterBook Partners LP reduced its position in Par Pacific Holdings, Inc. (NYSE:PARR - Free Report) by 63.9% in the 1st quarter, according to its most recent filing with the SEC. The fund owned 63,705 shares of the company's stock after selling 112,894 shares during the period. CenterBook Partners LP owned 0.12% of Par Pacific worth $908,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in the company. Sterling Capital Management LLC increased its position in 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 acquiring an additional 1,528 shares during the period. US Bancorp DE increased its position in 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 acquiring an additional 652 shares during the period. Signaturefd LLC increased its position in Par Pacific by 70.2% in the 1st quarter. Signaturefd LLC now owns 2,391 shares of the company's stock valued at $34,000 after acquiring an additional 986 shares during the period. Quadrant Capital Group LLC increased its position in 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 acquiring an additional 1,784 shares during the period. Finally, CWM LLC increased its position in Par Pacific by 117.5% in the 1st quarter. CWM LLC now owns 7,158 shares of the company's stock valued at $102,000 after acquiring an additional 3,867 shares during the period. 92.15% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on the company. The Goldman Sachs Group cut Par Pacific from a "buy" rating to a "neutral" rating and set a $19.00 price target on the stock. in a report on Wednesday, May 28th. Mizuho set a $34.00 price objective on Par Pacific and gave the company a "neutral" rating in a research note on Friday, July 11th. Piper Sandler raised their price objective on Par Pacific from $26.00 to $38.00 and gave the company an "overweight" rating in a research note on Thursday, July 10th. Wall Street Zen downgraded Par Pacific from a "hold" rating to a "sell" rating in a research note on Friday, June 6th. Finally, UBS Group lowered their target price on Par Pacific from $20.00 to $14.75 and set a "neutral" rating on the stock in a report on Wednesday, April 16th. One analyst has rated the stock with a sell rating, five have issued a hold rating and four have assigned a buy rating to the company's stock. Based on data from MarketBeat, the stock has a consensus rating of "Hold" and an average price target of $26.68.

Par Pacific Trading Down 1.2%

Par Pacific stock traded down $0.39 during midday trading on Friday, reaching $31.94. The stock had a trading volume of 1,030,000 shares, compared to its average volume of 1,231,635. Par Pacific Holdings, Inc. has a twelve month low of $11.86 and a twelve month high of $35.32. The stock has a market capitalization of $1.65 billion, a PE ratio of -28.27 and a beta of 1.73. The company has a debt-to-equity ratio of 1.04, a quick ratio of 0.54 and a current ratio of 1.56. The stock's 50-day simple moving average is $25.66 and its 200 day simple moving average is $18.86.

Par Pacific (NYSE:PARR - Get Free Report) last issued its earnings results on Monday, May 5th. The company reported ($0.94) earnings per share for the quarter, missing analysts' consensus estimates of ($0.40) by ($0.54). Par Pacific had a negative net margin of 0.77% and a negative return on equity of 5.87%. The firm had revenue of $1.75 billion during the quarter, compared to analyst estimates of $1.49 billion. During the same quarter in the previous year, the business posted $0.69 EPS. Par Pacific's revenue was down 11.9% compared to the same quarter last year. Analysts expect that Par Pacific Holdings, Inc. will post 0.15 EPS for the current year.

About Par Pacific

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.