Renaissance Technologies LLC Sells 185,631 Shares of Par Pacific Holdings, Inc. (NYSE:PARR)

Renaissance Technologies LLC lowered its position in Par Pacific Holdings, Inc. (NYSE:PARR - Free Report) by 47.5% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 205,203 shares of the company's stock after selling 185,631 shares during the quarter. Renaissance Technologies LLC owned 0.37% of Par Pacific worth $3,363,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently added to or reduced their stakes in the company. Geode Capital Management LLC increased its position in Par Pacific by 0.6% during the 3rd quarter. Geode Capital Management LLC now owns 1,283,303 shares of the company's stock worth $22,591,000 after purchasing an additional 7,804 shares in the last quarter. Charles Schwab Investment Management Inc. increased its position in Par Pacific by 22.6% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 909,220 shares of the company's stock worth $14,902,000 after purchasing an additional 167,594 shares in the last quarter. Barclays PLC increased its position 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. Empowered Funds LLC increased its position in Par Pacific by 5.1% during the 4th quarter. Empowered Funds LLC now owns 313,768 shares of the company's stock worth $5,143,000 after purchasing an additional 15,240 shares in the last quarter. Finally, Principal Financial Group Inc. grew its position in Par Pacific by 2.2% in the fourth quarter. Principal Financial Group Inc. now owns 271,242 shares of the company's stock valued at $4,446,000 after acquiring an additional 5,710 shares in the last quarter. Hedge funds and other institutional investors own 92.15% of the company's stock.

Par Pacific Price Performance

NYSE:PARR traded down $0.27 during trading hours on Tuesday, reaching $14.37. 39,078 shares of the company's stock were exchanged, compared to its average volume of 1,079,111. The company has a market capitalization of $780.92 million, a P/E ratio of 2.79 and a beta of 1.64. Par Pacific Holdings, Inc. has a 12 month low of $11.86 and a 12 month high of $32.74. The company has a quick ratio of 0.66, a current ratio of 1.69 and a debt-to-equity ratio of 0.84. The business's 50-day simple moving average is $13.88 and its two-hundred day simple moving average is $15.79.

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

Analyst Upgrades and Downgrades

Several analysts have issued reports on PARR shares. Piper Sandler lowered their price objective on shares of Par Pacific from $25.00 to $21.00 and set an "overweight" rating for the company in a research report on Friday, March 7th. The Goldman Sachs Group raised shares of Par Pacific from a "neutral" rating to a "buy" rating and raised their price target for the stock from $18.00 to $19.00 in a research report on Thursday, March 27th. 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 report on Thursday, February 27th. Raymond James assumed coverage on Par Pacific in a research note on Friday, January 24th. They set an "outperform" rating and a $25.00 price objective on the stock. Finally, JPMorgan Chase & Co. reduced their price objective 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. One investment analyst has rated the stock with a sell rating, four have given a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus target price of $20.68.

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.