Par Pacific Holdings, Inc. (NYSE:PARR) Shares Sold by Thomist Capital Management LP

Thomist Capital Management LP lowered its stake in shares of Par Pacific Holdings, Inc. (NYSE:PARR - Free Report) by 92.6% 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 23,468 shares of the company's stock after selling 292,780 shares during the quarter. Thomist Capital Management LP's holdings in Par Pacific were worth $378,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Solas Capital Management LLC increased its position in Par Pacific by 417.7% during the 4th quarter. Solas Capital Management LLC now owns 795,000 shares of the company's stock valued at $13,030,000 after buying an additional 641,423 shares in the last quarter. Millennium Management LLC raised its holdings in shares of Par Pacific by 43.4% in the fourth quarter. Millennium Management LLC now owns 1,936,798 shares of the company's stock worth $31,744,000 after buying an additional 586,003 shares during the last quarter. Bridgewater Associates LP acquired a new stake in shares of Par Pacific during the fourth quarter worth $9,293,000. Barclays PLC grew its holdings in shares of Par Pacific by 53.0% during the fourth quarter. Barclays PLC now owns 718,688 shares of the company's stock valued at $11,779,000 after buying an additional 249,048 shares during the last quarter. Finally, CenterBook Partners LP acquired a new position in shares of Par Pacific in the 4th quarter valued at $2,894,000. Hedge funds and other institutional investors own 92.15% of the company's stock.

Par Pacific Price Performance

PARR traded down $0.24 during trading on Friday, reaching $21.28. The company's stock had a trading volume of 422,249 shares, compared to its average volume of 1,128,402. The company has a quick ratio of 0.66, a current ratio of 1.69 and a debt-to-equity ratio of 0.84. The firm has a fifty day simple moving average of $15.26 and a two-hundred day simple moving average of $15.91. The company has a market cap of $1.10 billion, a price-to-earnings ratio of 4.11 and a beta of 1.50. Par Pacific Holdings, Inc. has a 1 year low of $11.86 and a 1 year high of $28.15.

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

Wall Street Analyst Weigh In

PARR has been the subject of a number of research reports. UBS Group lowered 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. Mizuho lifted their target price on Par Pacific from $18.00 to $21.00 and gave the stock a "neutral" rating in a report on Tuesday, May 13th. Piper Sandler increased their price target on shares of Par Pacific from $21.00 to $26.00 and gave the stock an "overweight" rating in a report on Thursday, May 8th. The Goldman Sachs Group upgraded shares of Par Pacific from a "neutral" rating to a "buy" rating and lifted their price objective for the company from $18.00 to $19.00 in a research note on Thursday, March 27th. Finally, TD Cowen cut their price objective on shares of Par Pacific from $21.00 to $17.00 and set a "buy" rating on the stock in a research note on Thursday, February 27th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat, Par Pacific presently has a consensus rating of "Hold" and an average price target of $21.25.

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.