Interval Partners LP Sells 31,450 Shares of Par Pacific Holdings, Inc. (NYSE:PARR)

Interval Partners LP lowered its stake in shares of Par Pacific Holdings, Inc. (NYSE:PARR - Free Report) by 47.9% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 34,246 shares of the company's stock after selling 31,450 shares during the period. Interval Partners LP owned about 0.06% of Par Pacific worth $561,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Janus Henderson Group PLC raised its holdings in shares of Par Pacific by 5.7% during the fourth quarter. Janus Henderson Group PLC now owns 46,859 shares of the company's stock worth $768,000 after acquiring an additional 2,517 shares in the last quarter. Gotham Asset Management LLC purchased a new stake in shares of Par Pacific during the 4th quarter worth about $183,000. Ethic Inc. acquired a new stake in shares of Par Pacific during the 4th quarter valued at about $235,000. Bridgeway Capital Management LLC lifted its holdings in shares of Par Pacific by 1.9% during the 4th quarter. Bridgeway Capital Management LLC now owns 797,218 shares of the company's stock valued at $13,066,000 after buying an additional 15,240 shares during the last quarter. Finally, BROOKFIELD Corp ON bought a new stake in shares of Par Pacific in the 4th quarter valued at approximately $1,001,000. 92.15% of the stock is currently owned by hedge funds and other institutional investors.

Par Pacific Stock Performance

Shares of PARR traded up $0.08 during mid-day trading on Friday, hitting $20.66. The company's stock had a trading volume of 2,176,734 shares, compared to its average volume of 1,114,861. The stock's 50-day moving average is $14.56 and its two-hundred day moving average is $15.75. The firm has a market capitalization of $1.07 billion, a PE ratio of 4.00 and a beta of 1.50. 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 Holdings, Inc. has a one year low of $11.86 and a one year high of $29.32.

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

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on the stock. StockNews.com downgraded shares of Par Pacific from a "hold" rating to a "sell" rating in a report on Friday, February 28th. JPMorgan Chase & Co. cut their target price on Par Pacific from $27.00 to $26.00 and set an "overweight" rating on the stock in a report on Thursday, January 16th. Mizuho upped their price target on Par Pacific from $18.00 to $21.00 and gave the stock a "neutral" rating in a research note on Tuesday. Raymond James started coverage on Par Pacific in a research note on Friday, January 24th. They issued an "outperform" rating and a $25.00 price objective on the stock. Finally, Piper Sandler upped their target price on Par Pacific from $21.00 to $26.00 and gave the stock an "overweight" rating in a research report on Thursday, May 8th. One analyst has rated the stock with a sell rating, four have given a hold rating and five have given a buy rating to the company's stock. According to data from MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus target price of $21.25.

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.