Virtu Financial LLC Buys 23,898 Shares of Par Pacific Holdings, Inc. $PARR

Virtu Financial LLC raised its stake in shares of Par Pacific Holdings, Inc. (NYSE:PARR) by 378.3% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 30,215 shares of the company’s stock after buying an additional 23,898 shares during the quarter. Virtu Financial LLC’s holdings in Par Pacific were worth $1,062,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently modified their holdings of the company. Aster Capital Management DIFC Ltd acquired a new stake in shares of Par Pacific in the 3rd quarter valued at approximately $48,000. Smartleaf Asset Management LLC increased its stake in Par Pacific by 81.1% in the second quarter. Smartleaf Asset Management LLC now owns 2,340 shares of the company’s stock valued at $62,000 after purchasing an additional 1,048 shares in the last quarter. Federated Hermes Inc. increased its stake in Par Pacific by 70.4% in the fourth quarter. Federated Hermes Inc. now owns 2,096 shares of the company’s stock valued at $74,000 after purchasing an additional 866 shares in the last quarter. Royal Bank of Canada raised its holdings in Par Pacific by 86.3% in the fourth quarter. Royal Bank of Canada now owns 3,697 shares of the company’s stock worth $130,000 after purchasing an additional 1,713 shares during the period. Finally, Quadrant Capital Group LLC acquired a new stake in Par Pacific in the third quarter worth $136,000. 92.15% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

PARR has been the topic of a number of recent analyst reports. TD Cowen lifted their price target on shares of Par Pacific from $39.00 to $48.00 and gave the stock a “buy” rating in a research report on Friday, February 27th. UBS Group upped their price objective on shares of Par Pacific from $40.00 to $60.00 and gave the company a “neutral” rating in a research report on Thursday, April 9th. Zacks Research downgraded Par Pacific from a “strong-buy” rating to a “hold” rating in a research note on Monday, June 8th. Weiss Ratings reiterated a “hold (c+)” rating on shares of Par Pacific in a report on Friday, March 27th. Finally, Raymond James Financial boosted their target price on Par Pacific from $50.00 to $77.00 and gave the company an “outperform” rating in a research note on Wednesday, March 25th. Nine research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat, Par Pacific currently has a consensus rating of “Moderate Buy” and a consensus target price of $70.00.

Par Pacific Trading Down 0.2%

NYSE PARR opened at $50.78 on Monday. Par Pacific Holdings, Inc. has a 52 week low of $25.81 and a 52 week high of $70.39. The company has a debt-to-equity ratio of 0.63, a quick ratio of 0.60 and a current ratio of 1.62. The stock’s 50 day moving average price is $59.54 and its two-hundred day moving average price is $49.80. The stock has a market capitalization of $2.55 billion, a price-to-earnings ratio of 5.67 and a beta of 0.84.

Par Pacific (NYSE:PARR) last issued its quarterly earnings results on Tuesday, May 5th. The company reported $0.78 earnings per share for the quarter, missing the consensus estimate of $1.00 by ($0.22). Par Pacific had a return on equity of 34.38% and a net margin of 6.02%.The business had revenue of $1.82 billion for the quarter, compared to the consensus estimate of $1.78 billion. During the same period in the prior year, the business earned ($0.94) earnings per share. Par Pacific’s revenue was up 4.5% compared to the same quarter last year. As a group, analysts anticipate that Par Pacific Holdings, Inc. will post 15.6 earnings per share for the current fiscal year.

About Par Pacific

Par Pacific Holdings, Inc (NYSE: PARR) is a diversified downstream energy company engaged in the refining, marketing and logistics of petroleum products. Through its subsidiaries, Par Pacific operates the Par Hawaii Refinery on the island of Oʻahu, which processes crude oil into transportation fuels such as gasoline, diesel and jet fuel, as well as asphalt, petroleum coke and sulfur. In the Rocky Mountain region, the company owns and operates the Salt Lake City Refinery in Utah and associated logistics infrastructure, including pipelines and storage terminals, to support both crude supply and product distribution.

In marketing its refined products, Par Pacific maintains a network of branded and unbranded wholesale accounts across Hawaii and the U.S.