Nebula Research & Development LLC Raises Stock Holdings in Par Pacific Holdings, Inc. (NYSE:PARR)

Nebula Research & Development LLC boosted its position in Par Pacific Holdings, Inc. (NYSE:PARR - Free Report) by 36.9% during the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 83,314 shares of the company's stock after acquiring an additional 22,450 shares during the period. Nebula Research & Development LLC owned 0.15% of Par Pacific worth $1,366,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Charles Schwab Investment Management Inc. boosted its position in shares of Par Pacific by 22.6% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 909,220 shares of the company's stock valued at $14,902,000 after acquiring an additional 167,594 shares during the last quarter. Sanctuary Advisors LLC grew its stake in shares of Par Pacific by 126.2% in the fourth quarter. Sanctuary Advisors LLC now owns 49,256 shares of the company's stock worth $843,000 after purchasing an additional 27,480 shares during the last quarter. Barclays PLC raised its holdings in shares of Par Pacific by 10.1% during the third quarter. Barclays PLC now owns 469,640 shares of the company's stock valued at $8,265,000 after acquiring an additional 42,930 shares in the last quarter. Yorktown Management & Research Co Inc bought a new position in Par Pacific in the 4th quarter worth $415,000. Finally, Empowered Funds LLC raised its stake in Par Pacific by 5.1% in the fourth quarter. Empowered Funds LLC now owns 313,768 shares of the company's stock worth $5,143,000 after buying an additional 15,240 shares in the last quarter. Institutional investors own 92.15% of the company's stock.

Wall Street Analyst Weigh In

Several research firms recently weighed in on PARR. Piper Sandler dropped their price target on Par Pacific from $25.00 to $21.00 and set an "overweight" rating on the stock in a research report on Friday, March 7th. UBS Group reduced their target price on shares of Par Pacific from $20.00 to $14.75 and set a "neutral" rating on the stock in a research report on Wednesday, April 16th. TD Cowen decreased their price target on shares of 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 upgraded Par Pacific from a "neutral" rating to a "buy" rating and raised their price target for the company from $18.00 to $19.00 in a report on Thursday, March 27th. Finally, Raymond James started coverage on Par Pacific in a research 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 issued a hold rating and five have issued a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of "Hold" and a consensus target price of $20.68.

Par Pacific Stock Performance

Shares of NYSE PARR traded up $0.06 during midday trading on Thursday, hitting $14.38. 229,984 shares of the company's stock traded hands, compared to its average volume of 1,080,253. Par Pacific Holdings, Inc. has a 1 year low of $11.86 and a 1 year high of $31.38. The stock has a market capitalization of $781.57 million, a price-to-earnings ratio of 2.78 and a beta of 1.64. 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 fifty day moving average of $13.82 and a 200 day moving average of $15.77.

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

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.