Par Pacific Holdings, Inc. (NYSE:PARR) Holdings Lifted by Solas Capital Management LLC

Solas Capital Management LLC boosted its stake in shares of Par Pacific Holdings, Inc. (NYSE:PARR - Free Report) by 417.7% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 795,000 shares of the company's stock after buying an additional 641,423 shares during the quarter. Par Pacific makes up 8.7% of Solas Capital Management LLC's portfolio, making the stock its 3rd largest position. Solas Capital Management LLC owned 1.42% of Par Pacific worth $13,030,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors also recently bought and sold shares of the company. GAMMA Investing LLC raised its holdings in Par Pacific by 232.5% in the fourth quarter. GAMMA Investing LLC now owns 1,669 shares of the company's stock worth $27,000 after purchasing an additional 1,167 shares in the last quarter. Sterling Capital Management LLC boosted its stake in shares of Par Pacific by 821.5% in the fourth quarter. Sterling Capital Management LLC now owns 1,714 shares of the company's stock worth $28,000 after buying an additional 1,528 shares during the last quarter. US Bancorp DE lifted its stake in shares of Par Pacific by 55.7% in the 4th 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 period. Nisa Investment Advisors LLC boosted its stake in shares of Par Pacific by 37.7% during the 4th quarter. Nisa Investment Advisors LLC now owns 2,557 shares of the company's stock worth $42,000 after acquiring an additional 700 shares in the last quarter. Finally, Quadrant Capital Group LLC grew its holdings in Par Pacific by 123.1% in the fourth quarter. Quadrant Capital Group LLC now owns 3,233 shares of the company's stock valued at $53,000 after purchasing an additional 1,784 shares during the period. Institutional investors own 92.15% of the company's stock.

Par Pacific Stock Up 0.4 %

Par Pacific stock traded up $0.06 during trading on Thursday, reaching $14.38. 229,984 shares of the company's stock were exchanged, compared to its average volume of 1,080,253. Par Pacific Holdings, Inc. has a 52-week low of $11.86 and a 52-week high of $31.38. The company's 50-day moving average is $13.82 and its two-hundred day moving average is $15.77. The company has a debt-to-equity ratio of 0.84, a quick ratio of 0.66 and a current ratio of 1.69. The firm has a market cap of $781.57 million, a price-to-earnings ratio of 2.78 and a beta of 1.64.

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 for the quarter, missing analysts' consensus estimates of ($0.15) by ($0.64). The business had revenue of $1.83 billion for the quarter, compared to analyst estimates of $1.68 billion. Par Pacific had a net margin of 3.74% and a return on equity of 10.06%. On average, analysts predict that Par Pacific Holdings, Inc. will post 0.15 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on PARR shares. Piper Sandler lowered their price target on Par Pacific from $25.00 to $21.00 and set an "overweight" rating on the stock in a research note on Friday, March 7th. JPMorgan Chase & Co. decreased their price target on 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 dropped their target price on shares of Par Pacific from $20.00 to $14.75 and set a "neutral" rating for the company in a report on Wednesday, April 16th. The Goldman Sachs Group upgraded shares of Par Pacific from a "neutral" rating to a "buy" rating and increased their target price for the stock from $18.00 to $19.00 in a report on Thursday, March 27th. Finally, Raymond James assumed coverage on shares of Par Pacific in a report on Friday, January 24th. They issued an "outperform" rating and a $25.00 price objective on the stock. 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 MarketBeat, the company currently has a consensus rating of "Hold" and an average price target of $20.68.

Par Pacific Company 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.