UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Raises Holdings in Par Pacific Holdings, Inc. (NYSE:PARR)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in Par Pacific Holdings, Inc. (NYSE:PARR - Free Report) by 9.3% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 139,623 shares of the company's stock after purchasing an additional 11,891 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned approximately 0.25% of Par Pacific worth $2,288,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Empowered Funds LLC boosted its position in Par Pacific by 5.1% during the 4th quarter. Empowered Funds LLC now owns 313,768 shares of the company's stock valued at $5,143,000 after acquiring an additional 15,240 shares in the last quarter. New York State Teachers Retirement System boosted its position in Par Pacific by 1.8% during the 4th quarter. New York State Teachers Retirement System now owns 98,391 shares of the company's stock valued at $1,613,000 after acquiring an additional 1,700 shares in the last quarter. Rhumbline Advisers boosted its position in Par Pacific by 1.5% during the 4th quarter. Rhumbline Advisers now owns 181,940 shares of the company's stock valued at $2,982,000 after acquiring an additional 2,709 shares in the last quarter. Allworth Financial LP boosted its position in Par Pacific by 4,804.2% during the 4th quarter. Allworth Financial LP now owns 8,141 shares of the company's stock valued at $139,000 after acquiring an additional 7,975 shares in the last quarter. Finally, Principal Financial Group Inc. boosted its position in Par Pacific by 2.2% during the 4th quarter. Principal Financial Group Inc. now owns 271,242 shares of the company's stock valued at $4,446,000 after acquiring an additional 5,710 shares in the last quarter. Institutional investors own 92.15% of the company's stock.

Par Pacific Stock Performance

Par Pacific stock traded up $1.10 during trading hours on Tuesday, reaching $22.44. 1,205,366 shares of the stock were exchanged, compared to its average volume of 1,155,555. Par Pacific Holdings, Inc. has a 52-week low of $11.86 and a 52-week high of $27.45. The firm's 50 day moving average is $17.20 and its 200 day moving average is $16.35. The stock has a market cap of $1.16 billion, a P/E ratio of 4.35 and a beta of 1.68. The company has a debt-to-equity ratio of 0.84, a quick ratio of 0.66 and a current ratio of 1.69.

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 analysts' expectations of $1.49 billion. Par Pacific had a net margin of 3.74% and a return on equity of 10.06%. Par Pacific's revenue for the quarter was down 11.9% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.69 EPS. Analysts predict that Par Pacific Holdings, Inc. will post 0.15 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on the company. TD Cowen reduced their target price on Par Pacific from $21.00 to $17.00 and set a "buy" rating for the company in a research note on Thursday, February 27th. The Goldman Sachs Group lowered Par Pacific from a "buy" rating to a "neutral" rating and set a $19.00 price objective for the company. in a research note on Wednesday, May 28th. Wall Street Zen lowered Par Pacific from a "hold" rating to a "sell" rating in a research note on Friday. Mizuho lifted their price objective on Par Pacific from $18.00 to $21.00 and gave the company a "neutral" rating in a research note on Tuesday, May 13th. Finally, Piper Sandler lifted their price objective on Par Pacific from $21.00 to $26.00 and gave the company an "overweight" rating in a research note on Thursday, May 8th. One analyst has rated the stock with a sell rating, five have given a hold rating and four have issued a buy rating to the company. According to data from MarketBeat.com, Par Pacific currently has a consensus rating of "Hold" and an average target price 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.