Par Pacific Holdings, Inc. (NYSE:PARR) Shares Purchased by XTX Topco Ltd

Key Points

• XTX Topco Ltd has increased its stake in Par Pacific Holdings, Inc. by 104.8% during the first quarter, now owning 89,448 shares worth approximately $1.28 million.
• Par Pacific's recent financial performance shows a loss of $0.94 per share for the latest quarter, missing analyst expectations, with a revenue of $1.75 billion, down 11.9% year-over-year.
• Analysts have mixed ratings on PARR stock, with an average target price of $26.68, indicating a consensus rating of "Hold".

XTX Topco Ltd increased its position in shares of Par Pacific Holdings, Inc. (NYSE:PARR - Free Report) by 104.8% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 89,448 shares of the company's stock after purchasing an additional 45,774 shares during the period. XTX Topco Ltd owned 0.16% of Par Pacific worth $1,276,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of PARR. Commonwealth Equity Services LLC increased its position in Par Pacific by 167.8% during the fourth quarter. Commonwealth Equity Services LLC now owns 29,084 shares of the company's stock worth $477,000 after purchasing an additional 18,224 shares during the last quarter. Sei Investments Co. increased its position in Par Pacific by 82.3% during the fourth quarter. Sei Investments Co. now owns 34,541 shares of the company's stock worth $566,000 after purchasing an additional 15,590 shares during the last quarter. KLP Kapitalforvaltning AS acquired a new stake in Par Pacific during the fourth quarter worth about $433,000. JPMorgan Chase & Co. increased its position in Par Pacific by 11.7% during the fourth quarter. JPMorgan Chase & Co. now owns 163,247 shares of the company's stock worth $2,676,000 after purchasing an additional 17,041 shares during the last quarter. Finally, Norges Bank acquired a new stake in Par Pacific during the fourth quarter worth about $2,573,000. 92.15% of the stock is currently owned by institutional investors and hedge funds.

Par Pacific Trading Down 4.6%

Shares of PARR stock opened at $29.93 on Friday. 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 has a market capitalization of $1.54 billion, a P/E ratio of -26.49 and a beta of 1.83. The company has a 50 day moving average price of $27.99 and a 200 day moving average price of $19.85. Par Pacific Holdings, Inc. has a fifty-two week low of $11.86 and a fifty-two week high of $35.32.

Par Pacific (NYSE:PARR - Get Free Report) last announced its quarterly earnings data 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). The business had revenue of $1.75 billion during the quarter, compared to analyst estimates of $1.49 billion. Par Pacific had a negative net margin of 0.77% and a negative return on equity of 5.87%. The company's revenue for the quarter was down 11.9% on a year-over-year basis. During the same quarter last year, the firm posted $0.69 EPS. Equities research analysts predict that Par Pacific Holdings, Inc. will post 0.15 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several research firms recently issued reports on PARR. Mizuho set a $34.00 price objective on shares of Par Pacific and gave the stock a "neutral" rating in a research report on Friday, July 11th. Raymond James Financial set a $38.00 price target on shares of Par Pacific and gave the company an "outperform" rating in a research report on Tuesday, July 15th. Wall Street Zen cut shares of Par Pacific from a "hold" rating to a "sell" rating in a research report on Friday, June 6th. Piper Sandler lifted their price target on shares of Par Pacific from $26.00 to $38.00 and gave the company an "overweight" rating in a research report on Thursday, July 10th. Finally, The Goldman Sachs Group cut shares of Par Pacific from a "buy" rating to a "neutral" rating and set a $19.00 price target for the company. in a research report on Wednesday, May 28th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of "Hold" and an average target price of $26.68.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.