Par Pacific Holdings, Inc. $PARR Shares Sold by Fox Run Management L.L.C.

Fox Run Management L.L.C. trimmed its holdings in Par Pacific Holdings, Inc. (NYSE:PARR) by 46.9% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 29,588 shares of the company’s stock after selling 26,152 shares during the period. Fox Run Management L.L.C. owned 0.06% of Par Pacific worth $785,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently modified their holdings of PARR. Charles Schwab Investment Management Inc. grew its stake in Par Pacific by 32.6% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 1,205,756 shares of the company’s stock valued at $17,194,000 after acquiring an additional 296,536 shares in the last quarter. Invesco Ltd. boosted its holdings in shares of Par Pacific by 6.2% during the 1st quarter. Invesco Ltd. now owns 1,157,058 shares of the company’s stock worth $16,500,000 after purchasing an additional 67,481 shares during the last quarter. Nuveen LLC purchased a new stake in shares of Par Pacific in the first quarter valued at approximately $12,750,000. Hotchkis & Wiley Capital Management LLC increased its holdings in shares of Par Pacific by 1.5% in the first quarter. Hotchkis & Wiley Capital Management LLC now owns 812,410 shares of the company’s stock valued at $11,585,000 after purchasing an additional 12,170 shares during the last quarter. Finally, Algert Global LLC increased its holdings in shares of Par Pacific by 27.3% in the first quarter. Algert Global LLC now owns 596,473 shares of the company’s stock valued at $8,506,000 after purchasing an additional 127,792 shares during the last quarter. 92.15% of the stock is owned by hedge funds and other institutional investors.

Par Pacific Price Performance

Par Pacific stock opened at $41.16 on Monday. The company’s 50 day simple moving average is $36.45 and its 200-day simple moving average is $29.65. The company has a debt-to-equity ratio of 0.97, a quick ratio of 0.56 and a current ratio of 1.42. Par Pacific Holdings, Inc. has a 1 year low of $11.86 and a 1 year high of $41.82. The company has a market capitalization of $2.07 billion, a price-to-earnings ratio of -146.99 and a beta of 1.74.

Par Pacific (NYSE:PARR) last posted its earnings results on Tuesday, November 4th. The company reported $5.95 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.98 by $3.97. The firm had revenue of $2.01 billion for the quarter, compared to analyst estimates of $1.72 billion. Par Pacific had a negative return on equity of 1.79% and a negative net margin of 0.25%.Par Pacific’s revenue was down 6.1% on a year-over-year basis. During the same quarter in the prior year, the company earned ($0.10) EPS. As a group, equities research analysts expect that Par Pacific Holdings, Inc. will post 0.15 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on the company. TD Cowen dropped their target price on Par Pacific from $35.00 to $33.00 and set a “buy” rating for the company in a report on Thursday, August 7th. Wall Street Zen raised shares of Par Pacific from a “buy” rating to a “strong-buy” rating in a report on Saturday, September 13th. Cowen restated a “buy” rating on shares of Par Pacific in a research report on Thursday, August 7th. Tudor, Pickering, Holt & Co. upgraded shares of Par Pacific from a “hold” rating to a “buy” rating in a report on Thursday. Finally, Mizuho increased their price target on shares of Par Pacific from $34.00 to $40.00 and gave the company a “neutral” rating in a research note on Monday, September 15th. Two equities research analysts have rated the stock with a Strong Buy rating, six have assigned a Buy rating and four have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $38.29.

Insider Buying and Selling

In other news, Director Timothy Clossey sold 2,000 shares of Par Pacific stock in a transaction dated Monday, September 15th. The stock was sold at an average price of $33.37, for a total value of $66,740.00. Following the completion of the transaction, the director owned 84,000 shares in the company, valued at approximately $2,803,080. This trade represents a 2.33% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Shawn David Flores sold 8,062 shares of the firm’s stock in a transaction that occurred on Tuesday, September 2nd. The shares were sold at an average price of $34.50, for a total transaction of $278,139.00. Following the completion of the sale, the insider directly owned 39,089 shares in the company, valued at approximately $1,348,570.50. This trade represents a 17.10% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 41,802 shares of company stock worth $1,516,303 over the last ninety days. Company insiders own 4.40% of the company’s stock.

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.