Invesco Ltd. Sells 346,690 Shares of Par Pacific Holdings, Inc. (NYSE:PARR)

Invesco Ltd. trimmed its holdings in shares of Par Pacific Holdings, Inc. (NYSE:PARR - Free Report) by 24.1% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 1,089,577 shares of the company's stock after selling 346,690 shares during the quarter. Invesco Ltd. owned approximately 1.95% of Par Pacific worth $17,858,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. GAMMA Investing LLC grew its position in shares of Par Pacific by 232.5% during the 4th quarter. GAMMA Investing LLC now owns 1,669 shares of the company's stock valued at $27,000 after acquiring an additional 1,167 shares during the period. US Bancorp DE lifted its position in Par Pacific by 55.7% during 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 in the last quarter. Nisa Investment Advisors LLC grew its holdings in Par Pacific by 37.7% during the fourth quarter. Nisa Investment Advisors LLC now owns 2,557 shares of the company's stock valued at $42,000 after purchasing an additional 700 shares during the period. Quadrant Capital Group LLC increased its position in Par Pacific by 123.1% in the fourth quarter. Quadrant Capital Group LLC now owns 3,233 shares of the company's stock worth $53,000 after buying an additional 1,784 shares in the last quarter. Finally, Allworth Financial LP raised its stake in shares of Par Pacific by 4,804.2% in the fourth quarter. Allworth Financial LP now owns 8,141 shares of the company's stock worth $139,000 after buying an additional 7,975 shares during the period. 92.15% of the stock is owned by hedge funds and other institutional investors.

Par Pacific Price Performance

Shares of Par Pacific stock traded up $0.48 during trading on Thursday, reaching $14.47. 231,258 shares of the stock traded hands, compared to its average volume of 1,071,933. The company has a debt-to-equity ratio of 0.84, a current ratio of 1.69 and a quick ratio of 0.66. The company has a market capitalization of $786.46 million, a price-to-earnings ratio of 2.80 and a beta of 1.64. Par Pacific Holdings, Inc. has a 52-week low of $11.86 and a 52-week high of $32.91. The business has a fifty day simple moving average of $13.95 and a two-hundred day simple moving average of $15.89.

Par Pacific (NYSE:PARR - Get Free Report) last issued its quarterly earnings data on Tuesday, February 25th. The company reported ($0.79) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.15) by ($0.64). Par Pacific had a return on equity of 10.06% and a net margin of 3.74%. The firm had revenue of $1.83 billion for the quarter, compared to analysts' expectations of $1.68 billion. Sell-side analysts expect that Par Pacific Holdings, Inc. will post 0.15 EPS for the current year.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on the company. TD Cowen cut their price objective 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 raised shares of Par Pacific from a "neutral" rating to a "buy" rating and increased their price objective for the stock from $18.00 to $19.00 in a research note on Thursday, March 27th. JPMorgan Chase & Co. lowered their target price on shares of Par Pacific from $27.00 to $26.00 and set an "overweight" rating on the stock in a research note on Thursday, January 16th. UBS Group cut their price target on Par Pacific from $20.00 to $14.75 and set a "neutral" rating for the company in a research note on Wednesday, April 16th. Finally, Raymond James started coverage on Par Pacific in a report on Friday, January 24th. They set an "outperform" rating and a $25.00 price target on the stock. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and five have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold" and an average target price of $20.68.

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.