Russell Investments Group Ltd. purchased a new position in Par Pacific Holdings, Inc. (NASDAQ:PARR) in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 42,950 shares of the company’s stock, valued at approximately $775,000. Russell Investments Group Ltd. owned approximately 0.09% of Par Pacific Holdings at the end of the most recent reporting period.
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Par Pacific Holdings, Inc. (PARR) traded up 2.83% during mid-day trading on Friday, hitting $19.98. 809,283 shares of the stock were exchanged. Par Pacific Holdings, Inc. has a 12-month low of $12.47 and a 12-month high of $19.98. The stock has a market capitalization of $915.12 million and a P/E ratio of 44.60. The firm has a 50-day moving average price of $17.55 and a 200-day moving average price of $16.99.
Par Pacific Holdings (NASDAQ:PARR) last released its quarterly earnings data on Monday, August 7th. The company reported $0.24 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.22 by $0.02. The business had revenue of $564.25 million for the quarter, compared to the consensus estimate of $600.80 million. Equities analysts predict that Par Pacific Holdings, Inc. will post $1.61 earnings per share for the current fiscal year.
In other Par Pacific Holdings news, major shareholder Whitebox Advisors Llc sold 171,304 shares of the business’s stock in a transaction that occurred on Tuesday, September 12th. The stock was sold at an average price of $18.52, for a total value of $3,172,550.08. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Insiders sold a total of 1,087,064 shares of company stock worth $19,685,265 in the last 90 days.
A number of analysts have recently issued reports on PARR shares. Seaport Global Securities raised shares of Par Pacific Holdings from a “neutral” rating to a “buy” rating and increased their price target for the stock from $19.00 to $22.00 in a research report on Monday, September 11th. Cowen and Company reissued a “buy” rating and issued a $20.00 price target on shares of Par Pacific Holdings in a research report on Thursday, August 17th. Finally, Zacks Investment Research lowered shares of Par Pacific Holdings from a “strong-buy” rating to a “hold” rating in a research report on Saturday, May 20th.
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