Voloridge Investment Management LLC Sells 323,896 Shares of Par Pacific Holdings, Inc. (NYSE:PARR)

Voloridge Investment Management LLC cut its stake in Par Pacific Holdings, Inc. (NYSE:PARR - Free Report) by 39.0% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 506,127 shares of the company's stock after selling 323,896 shares during the period. Voloridge Investment Management LLC owned 0.90% of Par Pacific worth $8,295,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently bought and sold shares of the company. Millennium Management LLC boosted its stake in Par Pacific by 43.4% during the 4th quarter. Millennium Management LLC now owns 1,936,798 shares of the company's stock worth $31,744,000 after purchasing an additional 586,003 shares during the last quarter. Nuveen Asset Management LLC increased its stake in shares of Par Pacific by 9.8% during the fourth quarter. Nuveen Asset Management LLC now owns 1,029,798 shares of the company's stock worth $16,878,000 after buying an additional 91,814 shares during the period. Charles Schwab Investment Management Inc. boosted its holdings in Par Pacific by 22.6% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 909,220 shares of the company's stock valued at $14,902,000 after purchasing an additional 167,594 shares in 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 during the period. Finally, Solas Capital Management LLC lifted its holdings in shares of Par Pacific by 417.7% during the fourth quarter. Solas Capital Management LLC now owns 795,000 shares of the company's stock worth $13,030,000 after purchasing an additional 641,423 shares during the period. 92.15% of the stock is currently owned by institutional investors and hedge funds.

Par Pacific Trading Down 1.1%

NYSE PARR traded down $0.25 during mid-day trading on Friday, reaching $21.76. 236,833 shares of the stock were exchanged, compared to its average volume of 1,138,370. Par Pacific Holdings, Inc. has a one year low of $11.86 and a one year high of $27.45. The company has a debt-to-equity ratio of 0.84, a current ratio of 1.69 and a quick ratio of 0.66. The stock has a market cap of $1.12 billion, a P/E ratio of 4.22 and a beta of 1.50. The stock has a 50 day simple moving average of $16.02 and a 200-day simple moving average of $16.12.

Par Pacific (NYSE:PARR - Get Free Report) last released its quarterly earnings results on Monday, May 5th. The company reported ($0.94) earnings per share for the quarter, missing the consensus estimate of ($0.40) by ($0.54). The firm had revenue of $1.75 billion for 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 firm's revenue for the quarter was down 11.9% compared to the same quarter last year. During the same quarter last year, the firm posted $0.69 earnings per share. On average, analysts anticipate that Par Pacific Holdings, Inc. will post 0.15 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on PARR shares. The Goldman Sachs Group downgraded Par Pacific from a "buy" rating to a "neutral" rating and set a $19.00 price objective for the company. in a report on Wednesday. Mizuho boosted their price objective on Par Pacific from $18.00 to $21.00 and gave the company a "neutral" rating in a research report on Tuesday, May 13th. UBS Group reduced their price target on Par Pacific from $20.00 to $14.75 and set a "neutral" rating for the company in a research report on Wednesday, April 16th. Wall Street Zen lowered Par Pacific from a "hold" rating to a "sell" rating in a research report on Friday, February 28th. Finally, Piper Sandler upped their price objective on Par Pacific from $21.00 to $26.00 and gave the company an "overweight" rating in a report on Thursday, May 8th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and four have issued a buy rating to the stock. According to MarketBeat, Par Pacific currently has a consensus rating of "Hold" and an average 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.