Louisiana State Employees Retirement System Makes New $1.01 Million Investment in Par Pacific Holdings, Inc. (NYSE:PARR)

Louisiana State Employees Retirement System acquired a new stake in Par Pacific Holdings, Inc. (NYSE:PARR - Free Report) during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor acquired 27,800 shares of the company's stock, valued at approximately $1,011,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Wakefield Asset Management LLLP raised its holdings in shares of Par Pacific by 11.8% during the fourth quarter. Wakefield Asset Management LLLP now owns 23,096 shares of the company's stock worth $840,000 after acquiring an additional 2,436 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. boosted its holdings in Par Pacific by 3.3% in the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 25,185 shares of the company's stock valued at $916,000 after purchasing an additional 798 shares during the period. New York State Teachers Retirement System increased its holdings in shares of Par Pacific by 3.8% during the 4th quarter. New York State Teachers Retirement System now owns 95,548 shares of the company's stock worth $3,475,000 after purchasing an additional 3,522 shares during the period. AlphaMark Advisors LLC bought a new stake in shares of Par Pacific in the fourth quarter valued at about $271,000. Finally, McGlone Suttner Wealth Management Inc. bought a new stake in shares of Par Pacific in the fourth quarter valued at about $30,000. Hedge funds and other institutional investors own 92.15% of the company's stock.

Par Pacific Price Performance

NYSE:PARR traded down $0.23 during mid-day trading on Thursday, hitting $32.46. The company's stock had a trading volume of 606,176 shares, compared to its average volume of 845,584. The company has a market capitalization of $1.93 billion, a price-to-earnings ratio of 2.72 and a beta of 1.95. The company has a current ratio of 1.30, a quick ratio of 0.54 and a debt-to-equity ratio of 0.49. Par Pacific Holdings, Inc. has a fifty-two week low of $20.30 and a fifty-two week high of $40.69. The stock has a fifty day moving average of $36.65 and a 200-day moving average of $35.27.

Par Pacific (NYSE:PARR - Get Free Report) last issued its earnings results on Tuesday, February 27th. The company reported $1.08 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.11 by ($0.03). Par Pacific had a return on equity of 47.63% and a net margin of 8.85%. The company had revenue of $2.18 billion during the quarter, compared to analyst estimates of $2.45 billion. As a group, equities analysts forecast that Par Pacific Holdings, Inc. will post 4.56 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

PARR has been the subject of several recent research reports. Piper Sandler upped their price target on Par Pacific from $43.00 to $47.00 and gave the company an "overweight" rating in a report on Friday, April 5th. StockNews.com cut Par Pacific from a "buy" rating to a "hold" rating in a research report on Monday, March 4th. Three equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company's stock. According to data from MarketBeat, Par Pacific currently has a consensus rating of "Hold" and an average target price of $36.75.

Insider Activity

In other Par Pacific news, CAO Ivan Daniel Guerra sold 6,000 shares of the stock in a transaction dated Wednesday, March 13th. The shares were sold at an average price of $37.49, for a total transaction of $224,940.00. Following the sale, the chief accounting officer now owns 16,200 shares of the company's stock, valued at approximately $607,338. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In related news, insider Jeffrey Ryan Hollis sold 4,700 shares of the business's stock in a transaction that occurred on Wednesday, March 13th. The shares were sold at an average price of $37.39, for a total transaction of $175,733.00. Following the completion of the sale, the insider now directly owns 13,176 shares of the company's stock, valued at $492,650.64. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CAO Ivan Daniel Guerra sold 6,000 shares of the firm's stock in a transaction that occurred on Wednesday, March 13th. The shares were sold at an average price of $37.49, for a total transaction of $224,940.00. Following the completion of the transaction, the chief accounting officer now directly owns 16,200 shares in the company, valued at $607,338. The disclosure for this sale can be found here. 4.40% of the stock is currently owned by corporate insiders.

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.