Yorktown Management & Research Co Inc Takes $263,000 Position in Par Pacific Holdings, Inc. $PARR

Yorktown Management & Research Co Inc acquired a new stake in shares of Par Pacific Holdings, Inc. (NYSE:PARR) in the 2nd quarter, Holdings Channel.com reports. The institutional investor acquired 9,900 shares of the company’s stock, valued at approximately $263,000.

Other hedge funds have also recently made changes to their positions in the company. Farther Finance Advisors LLC raised its holdings in shares of Par Pacific by 175.9% during the second quarter. Farther Finance Advisors LLC now owns 1,181 shares of the company’s stock valued at $31,000 after purchasing an additional 753 shares during the last quarter. Signaturefd LLC raised its holdings in shares of Par Pacific by 70.2% during the first quarter. Signaturefd LLC now owns 2,391 shares of the company’s stock valued at $34,000 after purchasing an additional 986 shares during the last quarter. Caitong International Asset Management Co. Ltd purchased a new position in shares of Par Pacific during the first quarter valued at approximately $35,000. Parallel Advisors LLC raised its holdings in shares of Par Pacific by 232.9% during the second quarter. Parallel Advisors LLC now owns 1,325 shares of the company’s stock valued at $35,000 after purchasing an additional 927 shares during the last quarter. Finally, Nisa Investment Advisors LLC raised its holdings in shares of Par Pacific by 157.4% during the second quarter. Nisa Investment Advisors LLC now owns 1,596 shares of the company’s stock valued at $42,000 after purchasing an additional 976 shares during the last quarter. 92.15% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Par Pacific news, Director Timothy Clossey sold 2,000 shares of the company’s stock in a transaction that occurred on Monday, September 15th. The shares were sold at an average price of $33.37, for a total value of $66,740.00. Following the completion of the transaction, the director directly owned 84,000 shares in the company, valued at $2,803,080. This represents a 2.33% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Shawn David Flores sold 8,062 shares of the company’s stock in a transaction that occurred on Tuesday, September 2nd. The stock was sold at an average price of $34.50, for a total transaction of $278,139.00. Following the completion of the transaction, the insider owned 39,089 shares of the company’s stock, valued at approximately $1,348,570.50. The trade was a 17.10% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last quarter, insiders sold 25,954 shares of company stock valued at $863,048. Insiders own 4.40% of the company’s stock.

Par Pacific Stock Performance

PARR opened at $39.64 on Wednesday. The firm has a market cap of $2.01 billion, a P/E ratio of -141.56 and a beta of 1.74. Par Pacific Holdings, Inc. has a 1-year low of $11.86 and a 1-year high of $41.63. The company has a 50 day simple moving average of $35.20 and a two-hundred day simple moving average of $28.02. The company has a debt-to-equity ratio of 0.97, a current ratio of 1.42 and a quick ratio of 0.56.

Par Pacific (NYSE:PARR) last posted its quarterly earnings results on Tuesday, August 5th. The company reported $1.54 earnings per share for the quarter, topping analysts’ consensus estimates of $0.74 by $0.80. The business had revenue of $1.89 billion during the quarter, compared to analyst estimates of $1.47 billion. Par Pacific had a negative net margin of 0.25% and a negative return on equity of 1.79%. The company’s revenue was down 6.2% on a year-over-year basis. During the same period in the prior year, the business posted $0.49 earnings per share. Equities analysts forecast that Par Pacific Holdings, Inc. will post 0.15 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several brokerages recently issued reports on PARR. UBS Group boosted their target price on shares of Par Pacific from $23.00 to $37.00 and gave the company a “neutral” rating in a research report on Tuesday, September 23rd. Raymond James Financial restated an “outperform” rating and set a $45.00 target price (up from $38.00) on shares of Par Pacific in a research report on Friday, October 17th. Cowen restated a “buy” rating on shares of Par Pacific in a research report on Thursday, August 7th. The Goldman Sachs Group boosted their target price on shares of Par Pacific from $34.00 to $40.00 and gave the company a “neutral” rating in a research report on Wednesday, October 22nd. Finally, Wall Street Zen upgraded shares of Par Pacific from a “buy” rating to a “strong-buy” rating in a research report on Saturday, September 13th. One analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and four have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $37.86.

Par Pacific 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.