CenterBook Partners LP Has $908,000 Holdings in Par Pacific Holdings, Inc. (NYSE:PARR)

CenterBook Partners LP reduced its stake in shares of Par Pacific Holdings, Inc. (NYSE:PARR - Free Report) by 63.9% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (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 as of its most recent SEC filing.

Several other institutional investors have also recently modified their holdings of PARR. Millennium Management LLC grew its stake in shares of Par Pacific by 43.4% during the 4th quarter. Millennium Management LLC now owns 1,936,798 shares of the company's stock valued at $31,744,000 after buying an additional 586,003 shares during the period. Charles Schwab Investment Management Inc. grew its position in Par Pacific by 32.6% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 1,205,756 shares of the company's stock worth $17,194,000 after purchasing an additional 296,536 shares during the last quarter. Nuveen Asset Management LLC grew its position in Par Pacific by 9.8% in the 4th quarter. Nuveen Asset Management LLC now owns 1,029,798 shares of the company's stock worth $16,878,000 after purchasing an additional 91,814 shares during the last quarter. Bridgeway Capital Management LLC boosted its holdings in shares of Par Pacific by 1.9% in the fourth quarter. Bridgeway Capital Management LLC now owns 797,218 shares of the company's stock valued at $13,066,000 after acquiring an additional 15,240 shares in the last quarter. Finally, Solas Capital Management LLC boosted its holdings in shares of Par Pacific by 417.7% in the fourth quarter. Solas Capital Management LLC now owns 795,000 shares of the company's stock valued at $13,030,000 after acquiring an additional 641,423 shares in the last quarter. 92.15% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several analysts recently commented on the stock. Wall Street Zen lowered shares of Par Pacific from a "hold" rating to a "sell" rating in a research note on Friday, June 6th. Raymond James Financial set a $38.00 target price on shares of Par Pacific and gave the company an "outperform" rating in a research note on Tuesday. Piper Sandler raised their price target on shares of Par Pacific from $26.00 to $38.00 and gave the stock an "overweight" rating in a research report on Thursday, July 10th. Mizuho set a $34.00 price target on shares of Par Pacific and gave the stock a "neutral" rating in a research report on Friday, July 11th. Finally, The Goldman Sachs Group lowered shares of Par Pacific from a "buy" rating to a "neutral" rating and set a $19.00 price target on the stock. in a research report on Wednesday, May 28th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of "Hold" and an average price target of $26.68.

Par Pacific Price Performance

PARR stock traded down $0.39 during trading on Friday, hitting $31.94. 1,030,000 shares of the stock traded hands, compared to its average volume of 1,227,554. Par Pacific Holdings, Inc. has a one year low of $11.86 and a one year high of $35.32. The stock has a market cap of $1.65 billion, a price-to-earnings ratio of -28.27 and a beta of 1.73. The company has a 50 day simple moving average of $25.38 and a 200 day simple moving average of $18.72. The company has a current ratio of 1.56, a quick ratio of 0.54 and a debt-to-equity ratio of 1.04.

Par Pacific (NYSE:PARR - Get Free Report) last announced 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 negative net margin of 0.77% and a negative return on equity of 5.87%. The firm had revenue of $1.75 billion for the quarter, compared to the consensus estimate of $1.49 billion. During the same period in the prior year, the business earned $0.69 earnings per share. The company's revenue for the quarter was down 11.9% on a year-over-year basis. Equities analysts expect that Par Pacific Holdings, Inc. will post 0.15 EPS for the current fiscal 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.