Susquehanna Fundamental Investments LLC Invests $2.61 Million in Par Pacific Holdings, Inc. (NYSE:PARR)

Susquehanna Fundamental Investments LLC bought a new stake in shares of Par Pacific Holdings, Inc. (NYSE:PARR) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 159,077 shares of the company’s stock, valued at approximately $2,607,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Solas Capital Management LLC grew its holdings in shares of Par Pacific by 417.7% during the fourth quarter. Solas Capital Management LLC now owns 795,000 shares of the company’s stock valued at $13,030,000 after buying an additional 641,423 shares during the last quarter. Nebula Research & Development LLC grew its stake in Par Pacific by 36.9% during the 4th quarter. Nebula Research & Development LLC now owns 83,314 shares of the company’s stock valued at $1,366,000 after purchasing an additional 22,450 shares during the last quarter. Price T Rowe Associates Inc. MD increased its holdings in shares of Par Pacific by 10.1% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 59,812 shares of the company’s stock valued at $981,000 after purchasing an additional 5,489 shares during the period. MetLife Investment Management LLC raised its stake in shares of Par Pacific by 4.8% in the fourth quarter. MetLife Investment Management LLC now owns 34,587 shares of the company’s stock worth $567,000 after purchasing an additional 1,573 shares during the last quarter. Finally, First Trust Advisors LP lifted its holdings in shares of Par Pacific by 57.2% during the fourth quarter. First Trust Advisors LP now owns 239,036 shares of the company’s stock worth $3,918,000 after purchasing an additional 87,002 shares during the period. 92.15% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities analysts recently weighed in on the stock. StockNews.com downgraded shares of Par Pacific from a “hold” rating to a “sell” rating in a report on Friday, February 28th. Piper Sandler reduced their target price on shares of Par Pacific from $25.00 to $21.00 and set an “overweight” rating for the company in a report on Friday, March 7th. TD Cowen lowered their price target 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. Raymond James started coverage on Par Pacific in a research report on Friday, January 24th. They set an “outperform” rating and a $25.00 price target on the stock. Finally, JPMorgan Chase & Co. decreased their price objective on Par Pacific from $27.00 to $26.00 and set an “overweight” rating for the company in a report on Thursday, January 16th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $20.68.

Par Pacific Stock Performance

NYSE PARR opened at $14.52 on Wednesday. The stock has a market capitalization of $789.18 million, a price-to-earnings ratio of 2.81 and a beta of 1.64. The stock has a 50-day moving average of $13.84 and a 200 day moving average of $15.78. 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 Holdings, Inc. has a twelve month low of $11.86 and a twelve month high of $32.22.

Par Pacific (NYSE:PARR) last announced its earnings results on Tuesday, February 25th. The company reported ($0.79) earnings per share 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 business had revenue of $1.83 billion for the quarter, compared to analyst estimates of $1.68 billion. Sell-side analysts anticipate that Par Pacific Holdings, Inc. will post 0.15 EPS for the current fiscal 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.