Bank of America Corp DE Has $4.97 Million Stock Position in Par Pacific Holdings, Inc. (NYSE:PARR)

Bank of America Corp DE lifted its holdings in Par Pacific Holdings, Inc. (NYSE:PARR - Free Report) by 51.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 303,442 shares of the company's stock after buying an additional 102,858 shares during the quarter. Bank of America Corp DE owned 0.54% of Par Pacific worth $4,973,000 as of its most recent SEC filing.

A number of other institutional investors have also recently modified their holdings of PARR. Sterling Capital Management LLC boosted its position in Par Pacific by 821.5% during the fourth 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 lifted its position in shares of Par Pacific by 55.7% in the fourth quarter. US Bancorp DE now owns 1,823 shares of the company's stock valued at $30,000 after acquiring an additional 652 shares in the last quarter. Nisa Investment Advisors LLC lifted its position in shares of Par Pacific by 37.7% in the fourth quarter. Nisa Investment Advisors LLC now owns 2,557 shares of the company's stock valued at $42,000 after acquiring an additional 700 shares in the last quarter. Quadrant Capital Group LLC lifted its position in shares of Par Pacific by 123.1% in the fourth 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 in the last quarter. Finally, Allworth Financial LP lifted its position in shares of Par Pacific by 4,804.2% in the fourth quarter. Allworth Financial LP now owns 8,141 shares of the company's stock valued at $139,000 after acquiring an additional 7,975 shares in the last quarter. 92.15% of the stock is currently owned by hedge funds and other institutional investors.

Par Pacific Stock Performance

Shares of Par Pacific stock traded up $0.40 during trading on Monday, reaching $21.99. The company's stock had a trading volume of 994,520 shares, compared to its average volume of 1,147,518. 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 business's fifty day moving average price is $16.33 and its 200-day moving average price is $16.17. The firm has a market cap of $1.13 billion, a price-to-earnings ratio of 4.26 and a beta of 1.50. Par Pacific Holdings, Inc. has a one year low of $11.86 and a one year high of $27.45.

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 net margin of 3.74% and a return on equity of 10.06%. The firm had revenue of $1.75 billion for the quarter, compared to the consensus estimate of $1.49 billion. During the same quarter in the prior year, the firm earned $0.69 earnings per share. The company's revenue was down 11.9% on a year-over-year basis. As a group, equities research analysts predict that Par Pacific Holdings, Inc. will post 0.15 earnings per share for the current year.

Analyst Ratings Changes

Several equities analysts recently weighed in on PARR shares. Wall Street Zen downgraded Par Pacific from a "hold" rating to a "sell" rating in a research report on Friday, February 28th. TD Cowen reduced their target price 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. The Goldman Sachs Group downgraded Par Pacific from a "buy" rating to a "neutral" rating and set a $19.00 target price on the stock. in a research report on Wednesday, May 28th. Mizuho increased their target price 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, UBS Group reduced their target price on Par Pacific from $20.00 to $14.75 and set a "neutral" rating on the stock in a research report on Wednesday, April 16th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and four have issued a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus 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.