Trexquant Investment LP Buys 173,181 Shares of Par Pacific Holdings, Inc. $PARR

Trexquant Investment LP boosted its stake in shares of Par Pacific Holdings, Inc. (NYSE:PARR) by 87.1% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 372,063 shares of the company’s stock after buying an additional 173,181 shares during the quarter. Trexquant Investment LP owned approximately 0.72% of Par Pacific worth $5,306,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in PARR. Signaturefd LLC lifted its holdings in Par Pacific by 70.2% during the 1st quarter. Signaturefd LLC now owns 2,391 shares of the company’s stock valued at $34,000 after buying an additional 986 shares in the last quarter. Caitong International Asset Management Co. Ltd bought a new stake in shares of Par Pacific in the 1st quarter valued at about $35,000. CWM LLC raised its holdings in shares of Par Pacific by 117.5% in the 1st quarter. CWM LLC now owns 7,158 shares of the company’s stock valued at $102,000 after purchasing an additional 3,867 shares in the last quarter. GAMMA Investing LLC raised its holdings in shares of Par Pacific by 352.7% in the 1st quarter. GAMMA Investing LLC now owns 7,556 shares of the company’s stock valued at $108,000 after purchasing an additional 5,887 shares in the last quarter. Finally, PNC Financial Services Group Inc. raised its holdings in shares of Par Pacific by 54.0% in the 1st quarter. PNC Financial Services Group Inc. now owns 8,220 shares of the company’s stock valued at $117,000 after purchasing an additional 2,884 shares in the last quarter. Institutional investors own 92.15% of the company’s stock.

Insiders Place Their Bets

In other Par Pacific news, SVP Terrill Pitkin sold 5,164 shares of the business’s stock in a transaction that occurred on Thursday, August 14th. The shares were sold at an average price of $27.97, for a total transaction of $144,437.08. Following the sale, the senior vice president owned 41,223 shares of the company’s stock, valued at approximately $1,153,007.31. The trade was a 11.13% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 4.40% of the company’s stock.

Par Pacific Stock Up 2.5%

Shares of Par Pacific stock opened at $34.71 on Monday. The firm’s 50 day moving average price is $30.67 and its 200-day moving average price is $21.69. The company has a quick ratio of 0.56, a current ratio of 1.42 and a debt-to-equity ratio of 0.97. Par Pacific Holdings, Inc. has a 52-week low of $11.86 and a 52-week high of $35.32. The company has a market cap of $1.76 billion, a P/E ratio of -123.96 and a beta of 1.82.

Par Pacific (NYSE:PARR) last issued its quarterly earnings data on Tuesday, August 5th. The company reported $1.54 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.74 by $0.80. Par Pacific had a negative net margin of 0.25% and a negative return on equity of 1.79%. The firm had revenue of $1.89 billion for the quarter, compared to the consensus estimate of $1.47 billion. During the same quarter in the previous year, the firm earned $0.49 EPS. The company’s quarterly revenue was down 6.2% compared to the same quarter last year. On average, sell-side analysts predict that Par Pacific Holdings, Inc. will post 0.15 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on PARR. TD Cowen reduced their price target on shares of Par Pacific from $35.00 to $33.00 and set a “buy” rating for the company in a report on Thursday, August 7th. Piper Sandler boosted their price target on shares of Par Pacific from $26.00 to $38.00 and gave the company an “overweight” rating in a report on Thursday, July 10th. Raymond James Financial set a $38.00 price target on shares of Par Pacific and gave the company an “outperform” rating in a report on Tuesday, July 15th. Zacks Research upgraded shares of Par Pacific to a “strong-buy” rating in a report on Monday, August 11th. Finally, Cowen restated a “buy” rating on shares of Par Pacific in a report on Thursday, August 7th. One analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and five have given a Hold rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $28.96.

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.