UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Has $2.29 Million Stake in Par Pacific Holdings, Inc. (NYSE:PARR)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in shares of Par Pacific Holdings, Inc. (NYSE:PARR - Free Report) by 9.3% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 139,623 shares of the company's stock after acquiring an additional 11,891 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned about 0.25% of Par Pacific worth $2,288,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. US Bancorp DE increased its holdings in Par Pacific by 55.7% in the fourth quarter. US Bancorp DE now owns 1,823 shares of the company's stock valued at $30,000 after purchasing an additional 652 shares during the last quarter. Mariner LLC increased its holdings in Par Pacific by 7.7% in the fourth quarter. Mariner LLC now owns 15,136 shares of the company's stock valued at $248,000 after purchasing an additional 1,086 shares during the last quarter. Legal & General Group Plc increased its holdings in Par Pacific by 0.8% in the fourth quarter. Legal & General Group Plc now owns 150,322 shares of the company's stock valued at $2,464,000 after purchasing an additional 1,156 shares during the last quarter. Bank of Montreal Can increased its holdings in Par Pacific by 8.9% in the fourth quarter. Bank of Montreal Can now owns 16,522 shares of the company's stock valued at $271,000 after purchasing an additional 1,351 shares during the last quarter. Finally, Sterling Capital Management LLC increased its holdings in Par Pacific by 821.5% in the fourth quarter. Sterling Capital Management LLC now owns 1,714 shares of the company's stock valued at $28,000 after purchasing an additional 1,528 shares during the last quarter. Institutional investors and hedge funds own 92.15% of the company's stock.

Wall Street Analyst Weigh In

A number of research firms recently commented on PARR. Mizuho upped their price objective on Par Pacific from $18.00 to $21.00 and gave the company a "neutral" rating in a report on Tuesday, May 13th. TD Cowen lowered their price target on Par Pacific from $21.00 to $17.00 and set a "buy" rating for the company in a report on Thursday, February 27th. Piper Sandler increased their price target on 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 downgraded Par Pacific from a "buy" rating to a "neutral" rating and set a $19.00 price target for the company. in a report on Wednesday, May 28th. Finally, Wall Street Zen downgraded Par Pacific from a "hold" rating to a "sell" rating in a report on Friday. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of "Hold" and an average price target of $21.25.

Par Pacific Stock Up 0.3%

Shares of NYSE:PARR traded up $0.07 during mid-day trading on Friday, reaching $21.50. 679,611 shares of the stock were exchanged, compared to its average volume of 1,153,424. The stock's 50 day simple moving average is $16.89 and its 200-day simple moving average is $16.29. Par Pacific Holdings, Inc. has a one year low of $11.86 and a one year high of $27.45. 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 company has a market cap of $1.11 billion, a P/E ratio of 4.17 and a beta of 1.50.

Par Pacific (NYSE:PARR - Get Free Report) last issued 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 net margin of 3.74% and a return on equity of 10.06%. The company had revenue of $1.75 billion for the quarter, compared to analyst estimates of $1.49 billion. During the same period last year, the company posted $0.69 earnings per share. The business's revenue for the quarter was down 11.9% on a year-over-year basis. As a group, equities research analysts predict that Par Pacific Holdings, Inc. will post 0.15 EPS for the current year.

Par Pacific 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.