Par Pacific Holdings, Inc. (NYSE:PARR) Shares Sold by Yaupon Capital Management LP

Yaupon Capital Management LP lowered its holdings in Par Pacific Holdings, Inc. (NYSE:PARR - Free Report) by 29.8% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 424,658 shares of the company's stock after selling 180,170 shares during the quarter. Yaupon Capital Management LP owned approximately 0.76% of Par Pacific worth $6,960,000 at the end of the most recent reporting period.

Other hedge funds have also recently modified their holdings of the company. Geode Capital Management LLC raised its stake in Par Pacific by 0.6% in the third quarter. Geode Capital Management LLC now owns 1,283,303 shares of the company's stock worth $22,591,000 after buying an additional 7,804 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its position in Par Pacific by 22.6% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 909,220 shares of the company's stock valued at $14,902,000 after purchasing an additional 167,594 shares in the last quarter. Barclays PLC grew its stake in Par Pacific by 53.0% in the fourth quarter. Barclays PLC now owns 718,688 shares of the company's stock valued at $11,779,000 after purchasing an additional 249,048 shares during the last quarter. Bridgewater Associates LP bought a new position in Par Pacific in the fourth quarter worth about $9,293,000. Finally, Empowered Funds LLC lifted its position in shares of Par Pacific by 5.1% during the fourth quarter. Empowered Funds LLC now owns 313,768 shares of the company's stock valued at $5,143,000 after buying an additional 15,240 shares during the last quarter. Hedge funds and other institutional investors own 92.15% of the company's stock.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on PARR shares. Piper Sandler reduced 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 note on Friday, March 7th. Raymond James initiated coverage on Par Pacific in a research report on Friday, January 24th. They issued an "outperform" rating and a $25.00 price objective for the company. JPMorgan Chase & Co. decreased their price target on Par Pacific from $27.00 to $26.00 and set an "overweight" rating for the company in a research note on Thursday, January 16th. TD Cowen cut their price objective on shares of Par Pacific from $21.00 to $17.00 and set a "buy" rating on the stock in a report on Thursday, February 27th. Finally, The Goldman Sachs Group upgraded shares of Par Pacific from a "neutral" rating to a "buy" rating and lifted their target price for the stock from $18.00 to $19.00 in a research note on Thursday, March 27th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and five have issued a buy rating to the company's stock. Based on data from MarketBeat.com, Par Pacific has a consensus rating of "Hold" and a consensus price target of $20.68.

Par Pacific Stock Performance

NYSE:PARR traded down $0.17 during mid-day trading on Friday, hitting $14.37. The company's stock had a trading volume of 880,409 shares, compared to its average volume of 1,083,179. The business's fifty day moving average is $13.90 and its two-hundred day moving average is $15.81. The stock has a market cap of $781.02 million, a price-to-earnings ratio of 2.78 and a beta of 1.64. Par Pacific Holdings, Inc. has a 1 year low of $11.86 and a 1 year high of $32.74. 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 Tuesday, February 25th. The company reported ($0.79) EPS for the quarter, missing the consensus estimate of ($0.15) by ($0.64). Par Pacific had a return on equity of 10.06% and a net margin of 3.74%. The company had revenue of $1.83 billion for the quarter, compared to analyst estimates of $1.68 billion. Analysts anticipate that Par Pacific Holdings, Inc. will post 0.15 EPS for the current fiscal 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.