Illinois Municipal Retirement Fund Has $1.34 Million Stock Holdings in Par Pacific Holdings, Inc. $PARR

Illinois Municipal Retirement Fund reduced its position in shares of Par Pacific Holdings, Inc. (NYSE:PARR) by 26.8% in the 1st quarter, Holdings Channel reports. The firm owned 21,430 shares of the company’s stock after selling 7,861 shares during the period. Illinois Municipal Retirement Fund’s holdings in Par Pacific were worth $1,342,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in PARR. Royal Bank of Canada boosted its holdings in shares of Par Pacific by 23.9% in the 1st quarter. Royal Bank of Canada now owns 23,453 shares of the company’s stock valued at $334,000 after purchasing an additional 4,525 shares in the last quarter. AQR Capital Management LLC raised its holdings in shares of Par Pacific by 118.2% during the 1st quarter. AQR Capital Management LLC now owns 164,358 shares of the company’s stock worth $2,344,000 after buying an additional 89,023 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in shares of Par Pacific by 4.6% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 32,304 shares of the company’s stock worth $461,000 after buying an additional 1,427 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its stake in Par Pacific by 4.7% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 146,241 shares of the company’s stock valued at $2,085,000 after buying an additional 6,618 shares in the last quarter. Finally, Jane Street Group LLC boosted its stake in Par Pacific by 352.7% in the first quarter. Jane Street Group LLC now owns 270,835 shares of the company’s stock valued at $3,862,000 after buying an additional 211,002 shares in the last quarter. 92.15% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of research analysts have issued reports on PARR shares. Weiss Ratings reiterated a “hold (c+)” rating on shares of Par Pacific in a research report on Wednesday, June 24th. Raymond James Financial raised their price target on shares of Par Pacific from $80.00 to $85.00 and gave the company an “outperform” rating in a research note on Monday, July 13th. Mizuho lifted their price target on shares of Par Pacific from $79.00 to $80.00 and gave the company an “outperform” rating in a report on Thursday, July 9th. UBS Group upped their price objective on shares of Par Pacific from $60.00 to $65.00 and gave the stock a “neutral” rating in a research report on Wednesday, July 8th. Finally, TD Cowen increased their price objective on shares of Par Pacific from $78.00 to $100.00 and gave the company a “buy” rating in a research note on Tuesday. One investment analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat.com, Par Pacific has an average rating of “Moderate Buy” and an average target price of $79.43.

Par Pacific Trading Up 3.9%

Shares of PARR stock opened at $80.56 on Wednesday. The firm has a market capitalization of $4.04 billion, a P/E ratio of 8.99 and a beta of 0.82. Par Pacific Holdings, Inc. has a twelve month low of $26.83 and a twelve month high of $82.29. The company has a quick ratio of 0.60, a current ratio of 1.62 and a debt-to-equity ratio of 0.63. The stock’s fifty day simple moving average is $59.64 and its 200 day simple moving average is $53.55.

Par Pacific (NYSE:PARR) last posted its earnings results on Tuesday, May 5th. The company reported $0.78 EPS for the quarter, missing the consensus estimate of $1.00 by ($0.22). The firm had revenue of $1.82 billion during the quarter, compared to the consensus estimate of $1.78 billion. Par Pacific had a net margin of 6.02% and a return on equity of 34.38%. Par Pacific’s revenue for the quarter was up 4.5% compared to the same quarter last year. During the same quarter in the prior year, the business posted ($0.94) earnings per share. As a group, sell-side analysts predict that Par Pacific Holdings, Inc. will post 17.85 EPS 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.