Par Pacific Holdings, Inc. (NYSE:PARR) Shares Acquired by Algert Global LLC

Algert Global LLC increased its holdings in shares of Par Pacific Holdings, Inc. (NYSE:PARR) by 63.8% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 303,970 shares of the company’s stock after purchasing an additional 118,393 shares during the period. Algert Global LLC’s holdings in Par Pacific were worth $5,350,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of the business. Headlands Technologies LLC raised its holdings in shares of Par Pacific by 215.1% in the second quarter. Headlands Technologies LLC now owns 1,166 shares of the company’s stock valued at $29,000 after buying an additional 796 shares during the last quarter. Meeder Asset Management Inc. purchased a new position in shares of Par Pacific in the 2nd quarter valued at approximately $43,000. Quarry LP increased its holdings in shares of Par Pacific by 610.5% in the second quarter. Quarry LP now owns 2,359 shares of the company’s stock valued at $60,000 after purchasing an additional 2,027 shares during the period. nVerses Capital LLC raised its stake in shares of Par Pacific by 41.7% during the second quarter. nVerses Capital LLC now owns 3,400 shares of the company’s stock worth $86,000 after purchasing an additional 1,000 shares during the last quarter. Finally, Innealta Capital LLC acquired a new stake in shares of Par Pacific during the second quarter worth $104,000. 92.15% of the stock is owned by hedge funds and other institutional investors.

Par Pacific Stock Up 1.3 %

PARR opened at $17.60 on Monday. Par Pacific Holdings, Inc. has a one year low of $14.84 and a one year high of $40.69. The company has a market cap of $984.72 million, a price-to-earnings ratio of 3.41 and a beta of 1.99. The business’s fifty day moving average is $17.49 and its two-hundred day moving average is $21.98. The company has a debt-to-equity ratio of 0.84, a quick ratio of 0.66 and a current ratio of 1.69.

Par Pacific (NYSE:PARR) last released its quarterly earnings data on Monday, November 4th. The company reported ($0.10) EPS for the quarter, topping the consensus estimate of ($0.12) by $0.02. Par Pacific had a net margin of 3.74% and a return on equity of 10.06%. The business had revenue of $2.14 billion for the quarter, compared to analyst estimates of $1.88 billion. During the same period in the previous year, the firm earned $3.15 EPS. The business’s revenue for the quarter was down 16.9% compared to the same quarter last year. Analysts anticipate that Par Pacific Holdings, Inc. will post 0.95 EPS for the current fiscal year.

Wall Street Analyst Weigh In

PARR has been the topic of a number of recent analyst reports. Tudor Pickering upgraded shares of Par Pacific to a “hold” rating in a research note on Monday, September 9th. Tudor, Pickering, Holt & Co. downgraded Par Pacific from a “buy” rating to a “hold” rating in a research note on Monday, September 9th. Mizuho reduced their price target on Par Pacific from $28.00 to $26.00 and set an “outperform” rating for the company in a report on Wednesday, October 9th. The Goldman Sachs Group dropped their price objective on Par Pacific from $32.00 to $28.00 and set a “neutral” rating on the stock in a report on Wednesday, October 9th. Finally, StockNews.com upgraded shares of Par Pacific from a “sell” rating to a “hold” rating in a research report on Thursday, November 14th. Six equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $28.00.

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.