10,228 Shares in Par Pacific Holdings, Inc. $PARR Purchased by Savant Capital LLC

Savant Capital LLC acquired a new stake in Par Pacific Holdings, Inc. (NYSE:PARR) during the 2nd quarter, HoldingsChannel.com reports. The fund acquired 10,228 shares of the company’s stock, valued at approximately $271,000.

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

Par Pacific Stock Performance

NYSE:PARR opened at $46.20 on Wednesday. The company has a 50-day moving average of $37.68 and a 200-day moving average of $31.08. The firm has a market cap of $2.32 billion, a price-to-earnings ratio of -164.98 and a beta of 1.74. The company has a current ratio of 1.42, a quick ratio of 0.56 and a debt-to-equity ratio of 0.97. Par Pacific Holdings, Inc. has a twelve month low of $11.86 and a twelve month high of $48.40.

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

Analyst Ratings Changes

PARR has been the topic of a number of research analyst reports. Wall Street Zen raised Par Pacific from a “buy” rating to a “strong-buy” rating in a report on Saturday, September 13th. TD Cowen lowered their target price on shares of Par Pacific from $35.00 to $33.00 and set a “buy” rating on the stock in a research note on Thursday, August 7th. Cowen restated a “buy” rating on shares of Par Pacific in a research report on Thursday, August 7th. Raymond James Financial reiterated an “outperform” rating and issued a $45.00 price objective (up from $38.00) on shares of Par Pacific in a report on Friday, October 17th. Finally, UBS Group boosted their target price on Par Pacific from $37.00 to $40.00 and gave the stock a “neutral” rating in a report on Wednesday, November 5th. 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. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $41.57.

Insider Activity at Par Pacific

In other news, CAO Ivan Daniel Guerra sold 5,500 shares of the firm’s stock in a transaction on Tuesday, September 2nd. The stock was sold at an average price of $35.11, for a total transaction of $193,105.00. Following the completion of the sale, the chief accounting officer directly owned 17,491 shares of the company’s stock, valued at $614,109.01. This trade represents a 23.92% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP Richard Creamer sold 15,848 shares of Par Pacific stock in a transaction on Thursday, November 6th. The stock was sold at an average price of $41.22, for a total value of $653,254.56. Following the completion of the transaction, the executive vice president owned 54,654 shares in the company, valued at $2,252,837.88. The trade was a 22.48% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders have sold 36,638 shares of company stock worth $1,371,866. 4.40% of the stock is owned by corporate insiders.

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.