Par Pacific (NYSE:PARR) Shares Gap Down - Here's Why

Key Points

• Shares of Par Pacific gapped down, opening at $59.60 after a $63.71 close and last trading around $54.59 on volume of ~302,624 shares.
• Analysts remain broadly positive — six Buy and four Hold ratings produce a consensus Moderate Buy with a $67 consensus target after several firms raised their price targets.
• CEO William Monteleone sold 108,948 shares (≈$5.89M) in mid‑March, trimming his stake by 19.24%; insiders own 3.60% of the stock while institutions own about 92.15%.

Shares of Par Pacific Holdings, Inc. (NYSE:PARR - Get Free Report) gapped down before the market opened on Friday . The stock had previously closed at $63.71, but opened at $59.60. Par Pacific shares last traded at $54.5870, with a volume of 302,624 shares trading hands.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on PARR shares. Mizuho raised their target price on Par Pacific from $49.00 to $58.00 and gave the company a "neutral" rating in a research note on Tuesday, March 17th. Raymond James Financial upped their target price on Par Pacific from $50.00 to $77.00 and gave the company an "outperform" rating in a report on Wednesday, March 25th. Weiss Ratings reaffirmed a "hold (c+)" rating on shares of Par Pacific in a report on Friday, March 27th. UBS Group upped their target price on Par Pacific from $40.00 to $60.00 and gave the company a "neutral" rating in a report on Thursday, April 9th. Finally, TD Cowen upped their target price on Par Pacific from $39.00 to $48.00 and gave the company a "buy" rating in a report on Friday, February 27th. Six analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $67.00.

Par Pacific Stock Performance

The firm has a market capitalization of $2.76 billion, a PE ratio of 7.66 and a beta of 0.97. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.61 and a quick ratio of 0.49. The firm has a fifty day moving average price of $52.82 and a 200 day moving average price of $43.75.

Par Pacific (NYSE:PARR - Get Free Report) last announced its earnings results on Tuesday, February 24th. The company reported $1.17 EPS for the quarter, missing the consensus estimate of $1.21 by ($0.04). The company had revenue of $1.81 billion for the quarter, compared to analysts' expectations of $1.68 billion. Par Pacific had a net margin of 4.95% and a return on equity of 30.19%. The company's revenue for the quarter was down 1.0% on a year-over-year basis. During the same period in the prior year, the company earned ($0.79) earnings per share. Research analysts anticipate that Par Pacific Holdings, Inc. will post 0.15 earnings per share for the current fiscal year.

Insider Transactions at Par Pacific

In related news, CEO William Monteleone sold 108,948 shares of the stock in a transaction dated Monday, March 16th. The stock was sold at an average price of $54.06, for a total value of $5,889,728.88. Following the completion of the sale, the chief executive officer directly owned 457,167 shares of the company's stock, valued at approximately $24,714,448.02. This represents a 19.24% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 3.60% of the company's stock.

Institutional Investors Weigh In On Par Pacific

Hedge funds have recently bought and sold shares of the business. Federated Hermes Inc. purchased a new stake in Par Pacific in the 3rd quarter worth about $44,000. Aster Capital Management DIFC Ltd purchased a new stake in Par Pacific in the 3rd quarter worth about $48,000. Smartleaf Asset Management LLC lifted its stake in Par Pacific by 81.1% in the 2nd quarter. Smartleaf Asset Management LLC now owns 2,340 shares of the company's stock worth $62,000 after acquiring an additional 1,048 shares in the last quarter. Nisa Investment Advisors LLC lifted its stake in Par Pacific by 16.2% in the 3rd quarter. Nisa Investment Advisors LLC now owns 1,855 shares of the company's stock worth $66,000 after acquiring an additional 259 shares in the last quarter. Finally, Rockefeller Capital Management L.P. lifted its stake in Par Pacific by 385.6% in the 4th quarter. Rockefeller Capital Management L.P. now owns 1,962 shares of the company's stock worth $69,000 after acquiring an additional 1,558 shares in the last quarter. 92.15% of the stock is owned by hedge funds and other institutional investors.

Par Pacific Company Profile

Par Pacific Holdings, Inc NYSE: PARR is a diversified downstream energy company engaged in the refining, marketing and logistics of petroleum products. Through its subsidiaries, Par Pacific operates the Par Hawaii Refinery on the island of Oʻahu, which processes crude oil into transportation fuels such as gasoline, diesel and jet fuel, as well as asphalt, petroleum coke and sulfur. In the Rocky Mountain region, the company owns and operates the Salt Lake City Refinery in Utah and associated logistics infrastructure, including pipelines and storage terminals, to support both crude supply and product distribution.

In marketing its refined products, Par Pacific maintains a network of branded and unbranded wholesale accounts across Hawaii and the U.S.

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