Susquehanna Fundamental Investments LLC Takes Position in Par Pacific Holdings, Inc. (NYSE:PARR)

Susquehanna Fundamental Investments LLC bought a new stake in shares of Par Pacific Holdings, Inc. (NYSE:PARR - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 159,077 shares of the company's stock, valued at approximately $2,607,000. Susquehanna Fundamental Investments LLC owned 0.28% of Par Pacific as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also modified their holdings 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 raised its stake in shares of Par Pacific by 821.5% during the 4th quarter. Sterling Capital Management LLC now owns 1,714 shares of the company's stock worth $28,000 after acquiring an additional 1,528 shares in the last quarter. US Bancorp DE lifted its position in Par Pacific by 55.7% during the fourth quarter. US Bancorp DE now owns 1,823 shares of the company's stock valued at $30,000 after acquiring an additional 652 shares during the last quarter. Nisa Investment Advisors LLC boosted its stake in Par Pacific by 37.7% in the fourth quarter. Nisa Investment Advisors LLC now owns 2,557 shares of the company's stock valued at $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 worth $53,000 after purchasing an additional 1,784 shares during the last quarter. Institutional investors own 92.15% of the company's stock.

Analyst Upgrades and Downgrades

Several analysts have recently commented on the company. Raymond James assumed coverage on Par Pacific in a report on Friday, January 24th. They set an "outperform" rating and a $25.00 price objective for the company. UBS Group decreased their price target on Par Pacific from $20.00 to $14.75 and set a "neutral" rating for the company in a research note on Wednesday, April 16th. TD Cowen dropped their price target on Par Pacific from $21.00 to $17.00 and set a "buy" rating on the stock in a research note on Thursday, February 27th. Piper Sandler decreased 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. Finally, StockNews.com downgraded shares of Par Pacific from a "hold" rating to a "sell" rating in a research report on Friday, February 28th. One research 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. According to data from MarketBeat, the stock presently has an average rating of "Hold" and an average price target of $20.68.

Par Pacific Stock Performance

Shares of PARR stock traded up $0.41 during trading hours on Monday, hitting $14.81. The company's stock had a trading volume of 266,295 shares, compared to its average volume of 1,331,616. The stock has a market cap of $804.67 million, a PE ratio of 2.87 and a beta of 1.50. Par Pacific Holdings, Inc. has a 12-month low of $11.86 and a 12-month high of $31.20. The company has a 50 day moving average of $13.77 and a 200 day moving average of $15.70. The company has a current ratio of 1.69, a quick ratio of 0.66 and a debt-to-equity ratio of 0.84.

Par Pacific (NYSE:PARR - Get Free Report) last posted 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 business 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%. On average, sell-side analysts forecast that Par Pacific Holdings, Inc. will post 0.15 EPS for the current fiscal year.

Par Pacific 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.