Northern Trust Corp Purchases 49,750 Shares of Par Pacific Holdings, Inc. (NYSE:PARR)

Northern Trust Corp boosted its holdings in Par Pacific Holdings, Inc. (NYSE:PARR - Free Report) by 8.6% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 626,984 shares of the company's stock after acquiring an additional 49,750 shares during the quarter. Northern Trust Corp owned 1.12% of Par Pacific worth $10,276,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Sterling Capital Management LLC raised its stake in shares of Par Pacific by 821.5% in 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 during the last quarter. US Bancorp DE boosted its position in shares of Par Pacific by 55.7% during the fourth quarter. US Bancorp DE now owns 1,823 shares of the company's stock valued at $30,000 after buying an additional 652 shares during the last quarter. Nisa Investment Advisors LLC increased its holdings in Par Pacific by 37.7% in the 4th quarter. Nisa Investment Advisors LLC now owns 2,557 shares of the company's stock worth $42,000 after buying an additional 700 shares in the last quarter. Quadrant Capital Group LLC raised 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 worth $53,000 after buying an additional 1,784 shares during the last quarter. Finally, Allworth Financial LP raised its position in Par Pacific by 4,804.2% in the 4th quarter. Allworth Financial LP now owns 8,141 shares of the company's stock worth $139,000 after buying an additional 7,975 shares during the last quarter. 92.15% of the stock is owned by institutional investors.

Par Pacific Stock Performance

PARR traded down $0.52 during trading on Wednesday, hitting $19.69. The company's stock had a trading volume of 868,417 shares, compared to its average volume of 1,119,352. The business's 50 day simple moving average is $15.01 and its 200-day simple moving average is $15.85. The firm has a market cap of $1.02 billion, a PE ratio of 3.81 and a beta of 1.50. Par Pacific Holdings, Inc. has a one year low of $11.86 and a one year high of $28.65. The company has a quick ratio of 0.66, a current ratio of 1.69 and a debt-to-equity ratio of 0.84.

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

Analyst Ratings Changes

A number of brokerages have recently issued reports on PARR. StockNews.com downgraded shares of Par Pacific from a "hold" rating to a "sell" rating in a report on Friday, February 28th. Raymond James began coverage on shares of Par Pacific in a report on Friday, January 24th. They issued an "outperform" rating and a $25.00 target price on the stock. Piper Sandler lifted their target price on shares of Par Pacific from $21.00 to $26.00 and gave the stock an "overweight" rating in a research report on Thursday, May 8th. Mizuho boosted their target price on shares of Par Pacific from $18.00 to $21.00 and gave the company a "neutral" rating in a research note on Tuesday, May 13th. Finally, UBS Group dropped their price target 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. One analyst has rated the stock with a sell rating, four have given a hold rating and five have assigned a buy rating to the company's stock. According to MarketBeat.com, Par Pacific currently has a consensus rating of "Hold" and a consensus target price of $21.25.

Par Pacific Company 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.