Mirae Asset Global Investments Co. Ltd. Increases Stock Position in Par Pacific Holdings, Inc. (NYSE:PARR)

Mirae Asset Global Investments Co. Ltd. boosted its stake in Par Pacific Holdings, Inc. (NYSE:PARR) by 3.3% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 25,185 shares of the company’s stock after purchasing an additional 798 shares during the quarter. Mirae Asset Global Investments Co. Ltd.’s holdings in Par Pacific were worth $916,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of the stock. New York State Teachers Retirement System lifted its stake in Par Pacific by 3.8% in the 4th quarter. New York State Teachers Retirement System now owns 95,548 shares of the company’s stock worth $3,475,000 after purchasing an additional 3,522 shares in the last quarter. AlphaMark Advisors LLC purchased a new stake in Par Pacific in the 4th quarter worth $271,000. McGlone Suttner Wealth Management Inc. purchased a new stake in Par Pacific in the 4th quarter worth $30,000. Exchange Traded Concepts LLC lifted its stake in Par Pacific by 1.5% in the 4th quarter. Exchange Traded Concepts LLC now owns 24,168 shares of the company’s stock worth $879,000 after purchasing an additional 348 shares in the last quarter. Finally, Public Employees Retirement System of Ohio lifted its stake in Par Pacific by 5,017.3% in the 3rd quarter. Public Employees Retirement System of Ohio now owns 39,454 shares of the company’s stock worth $1,418,000 after purchasing an additional 38,683 shares in the last quarter. Hedge funds and other institutional investors own 92.15% of the company’s stock.

Insider Buying and Selling at Par Pacific

In other news, insider Jeffrey Ryan Hollis sold 4,700 shares of the stock in a transaction that occurred on Wednesday, March 13th. The stock was sold at an average price of $37.39, for a total value of $175,733.00. Following the sale, the insider now directly owns 13,176 shares in the company, valued at $492,650.64. The sale was disclosed in a document filed with the SEC, which is available at this link. In other news, CAO Ivan Daniel Guerra sold 6,000 shares of the stock in a transaction that occurred on Wednesday, March 13th. The stock was sold at an average price of $37.49, for a total value of $224,940.00. Following the sale, the chief accounting officer now directly owns 16,200 shares in the company, valued at $607,338. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, insider Jeffrey Ryan Hollis sold 4,700 shares of the stock in a transaction that occurred on Wednesday, March 13th. The stock was sold at an average price of $37.39, for a total value of $175,733.00. Following the completion of the sale, the insider now owns 13,176 shares in the company, valued at $492,650.64. The disclosure for this sale can be found here. Company insiders own 4.40% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have commented on PARR. Piper Sandler upped their target price on shares of Par Pacific from $43.00 to $47.00 and gave the company an “overweight” rating in a research report on Friday, April 5th. StockNews.com cut Par Pacific from a “buy” rating to a “hold” rating in a research note on Monday, March 4th. Three investment analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Hold” and an average price target of $36.75.

Par Pacific Trading Up 1.5 %

Shares of PARR stock opened at $32.75 on Wednesday. Par Pacific Holdings, Inc. has a 1 year low of $20.30 and a 1 year high of $40.69. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.30 and a quick ratio of 0.54. The stock’s 50 day simple moving average is $36.79 and its two-hundred day simple moving average is $35.29. The company has a market cap of $1.94 billion, a PE ratio of 2.74 and a beta of 1.96.

Par Pacific (NYSE:PARR) last issued its quarterly earnings data on Tuesday, February 27th. The company reported $1.08 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.11 by ($0.03). Par Pacific had a net margin of 8.85% and a return on equity of 47.63%. The company had revenue of $2.18 billion for the quarter, compared to analysts’ expectations of $2.45 billion. Research analysts predict that Par Pacific Holdings, Inc. will post 4.56 earnings per share for the current year.

Par Pacific Company 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.