Dimensional Fund Advisors LP Has $28.87 Million Stake in Par Pacific Holdings, Inc. (NYSE:PARR)

Dimensional Fund Advisors LP lessened its position in shares of Par Pacific Holdings, Inc. (NYSE:PARR - Free Report) by 7.4% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,761,226 shares of the company's stock after selling 139,924 shares during the period. Dimensional Fund Advisors LP owned about 3.15% of Par Pacific worth $28,865,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in PARR. Barclays PLC increased its holdings in Par Pacific by 10.1% during the 3rd quarter. Barclays PLC now owns 469,640 shares of the company's stock worth $8,265,000 after purchasing an additional 42,930 shares in the last quarter. GAMMA Investing LLC increased its holdings in Par Pacific by 232.5% during the 4th 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. Nisa Investment Advisors LLC increased its holdings in 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 purchasing an additional 700 shares in the last quarter. Viking Fund Management LLC bought a new position in shares of Par Pacific in the 4th quarter valued at about $1,229,000. Finally, Mutual Advisors LLC grew its holdings in shares of Par Pacific by 30.9% in the 4th quarter. Mutual Advisors LLC now owns 65,724 shares of the company's stock valued at $1,171,000 after acquiring an additional 15,511 shares in the last quarter. Institutional investors own 92.15% of the company's stock.

Wall Street Analyst Weigh In

PARR has been the subject of several recent analyst reports. StockNews.com downgraded shares of Par Pacific from a "hold" rating to a "sell" rating in a research note on Friday, February 28th. UBS Group dropped their price target on shares of Par Pacific from $20.00 to $14.75 and set a "neutral" rating for the company in a research report on Wednesday, April 16th. JPMorgan Chase & Co. dropped their price target on shares of Par Pacific from $27.00 to $26.00 and set an "overweight" rating for the company in a research report on Thursday, January 16th. The Goldman Sachs Group raised shares of Par Pacific from a "neutral" rating to a "buy" rating and lifted their price objective for the company from $18.00 to $19.00 in a research note on Thursday, March 27th. Finally, Raymond James began coverage on shares of Par Pacific in a research note 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 stock. Based on data from MarketBeat.com, Par Pacific has an average rating of "Hold" and an average price target of $21.39.

Par Pacific Price Performance

NYSE:PARR traded up $0.38 during mid-day trading on Friday, reaching $17.91. The stock had a trading volume of 1,322,890 shares, compared to its average volume of 1,098,574. The stock has a 50-day simple moving average of $14.05 and a two-hundred day simple moving average of $15.66. The stock has a market capitalization of $973.43 million, a PE ratio of 3.47 and a beta of 1.50. Par Pacific Holdings, Inc. has a 12 month low of $11.86 and a 12 month high of $29.61. The company has a debt-to-equity ratio of 0.84, a current ratio of 1.69 and a quick ratio of 0.66.

Par Pacific (NYSE:PARR - Get Free Report) last posted its earnings results on Monday, May 5th. The company reported ($0.94) earnings per share for the quarter, missing analysts' consensus estimates of ($0.40) by ($0.54). The company had revenue of $1.75 billion for the quarter, compared to the consensus estimate of $1.49 billion. Par Pacific had a return on equity of 10.06% and a net margin of 3.74%. The business's quarterly revenue was down 11.9% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.69 EPS. On average, equities analysts anticipate 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.