Tudor Investment Corp ET AL Has $9.64 Million Stock Position in Par Pacific Holdings, Inc. $PARR

Key Points

• Tudor Investment Corp increased its stake in Par Pacific by 184.5% in Q3, adding 176,419 shares to own 272,048 shares worth about $9.64 million (≈0.54% of the company).
• CEO William Monteleone sold 108,948 shares on March 16 for roughly $5.89 million, trimming his position by 19.24%; insiders now own 4.40% of the stock.
• Par Pacific reported $1.17 EPS (vs. $1.21 consensus) and $1.81 billion revenue, trades near its 52‑week high (~$61.44 open) with a $3.01 billion market cap, and carries a consensus analyst rating of Hold with an average target of $51.00.

Tudor Investment Corp ET AL raised its stake in shares of Par Pacific Holdings, Inc. (NYSE:PARR - Free Report) by 184.5% during the 3rd quarter, according to the company in its most recent filing with the SEC. The firm owned 272,048 shares of the company's stock after purchasing an additional 176,419 shares during the quarter. Tudor Investment Corp ET AL owned 0.54% of Par Pacific worth $9,636,000 as of its most recent filing with the SEC.

A number of other institutional investors have also added to or reduced their stakes in PARR. Federated Hermes Inc. acquired a new stake in shares of Par Pacific during the 3rd quarter worth approximately $44,000. Aster Capital Management DIFC Ltd bought a new position in shares of Par Pacific during the 3rd quarter worth about $48,000. Smartleaf Asset Management LLC boosted its position in shares of Par Pacific by 81.1% during the 2nd quarter. Smartleaf Asset Management LLC now owns 2,340 shares of the company's stock valued at $62,000 after acquiring an additional 1,048 shares in the last quarter. Nisa Investment Advisors LLC increased its stake in Par Pacific by 16.2% in the third quarter. Nisa Investment Advisors LLC now owns 1,855 shares of the company's stock valued at $66,000 after acquiring an additional 259 shares during the period. Finally, USA Financial Formulas acquired a new position in Par Pacific in the third quarter worth about $82,000. 92.15% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Par Pacific

In related news, CEO William Monteleone sold 108,948 shares of the business's stock in a transaction on Monday, March 16th. The stock was sold at an average price of $54.06, for a total value of $5,889,728.88. Following the completion of the sale, the chief executive officer directly owned 457,167 shares in the company, valued at $24,714,448.02. The trade was a 19.24% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Insiders own 4.40% of the company's stock.

Par Pacific Stock Up 5.9%

PARR stock opened at $61.44 on Monday. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.61 and a quick ratio of 0.49. The stock has a market capitalization of $3.01 billion, a P/E ratio of 8.43 and a beta of 1.16. Par Pacific Holdings, Inc. has a fifty-two week low of $12.04 and a fifty-two week high of $61.70. The business has a 50-day moving average of $43.12 and a 200-day moving average of $40.16.

Par Pacific (NYSE:PARR - Get Free Report) last released its earnings results on Tuesday, February 24th. The company reported $1.17 EPS for the quarter, missing the consensus estimate of $1.21 by ($0.04). The firm had revenue of $1.81 billion during the quarter, compared to the consensus estimate of $1.68 billion. Par Pacific had a net margin of 4.95% and a return on equity of 30.19%. The company's revenue was down 1.0% on a year-over-year basis. During the same quarter in the previous year, the firm posted ($0.79) EPS. On average, sell-side analysts anticipate that Par Pacific Holdings, Inc. will post 0.15 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of research analysts have issued reports on the company. Mizuho boosted their target price on shares of Par Pacific from $49.00 to $58.00 and gave the company a "neutral" rating in a research note on Tuesday, March 17th. Zacks Research lowered shares of Par Pacific from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, December 16th. TD Cowen raised their price objective on shares of Par Pacific from $39.00 to $48.00 and gave the stock a "buy" rating in a report on Friday, February 27th. Raymond James Financial reissued an "outperform" rating and issued a $50.00 target price on shares of Par Pacific in a report on Wednesday, February 25th. Finally, The Goldman Sachs Group boosted their price objective on Par Pacific from $44.00 to $53.00 and gave the stock a "neutral" rating in a research note on Thursday, March 12th. Four investment analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company's stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average price target of $51.00.

About Par Pacific

Par Pacific Holdings, Inc NYSE: PARR is a diversified downstream energy company engaged in the refining, marketing and logistics of petroleum products. Through its subsidiaries, Par Pacific operates the Par Hawaii Refinery on the island of Oʻahu, which processes crude oil into transportation fuels such as gasoline, diesel and jet fuel, as well as asphalt, petroleum coke and sulfur. In the Rocky Mountain region, the company owns and operates the Salt Lake City Refinery in Utah and associated logistics infrastructure, including pipelines and storage terminals, to support both crude supply and product distribution.

In marketing its refined products, Par Pacific maintains a network of branded and unbranded wholesale accounts across Hawaii and the U.S.

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