Triumph Capital Management Purchases 8,142 Shares of Par Pacific Holdings, Inc. $PARR

Triumph Capital Management raised its position in Par Pacific Holdings, Inc. (NYSE:PARR) by 154.9% during the second quarter, according to its most recent filing with the SEC. The firm owned 13,397 shares of the company’s stock after purchasing an additional 8,142 shares during the period. Triumph Capital Management’s holdings in Par Pacific were worth $751,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently modified their holdings of PARR. Pacer Advisors Inc. acquired a new stake in Par Pacific during the 1st quarter worth about $16,277,000. BNP Paribas Financial Markets raised its position in shares of Par Pacific by 22.5% in the 4th quarter. BNP Paribas Financial Markets now owns 506,872 shares of the company’s stock worth $17,811,000 after acquiring an additional 93,249 shares in the last quarter. Jackson Creek Investment Advisors LLC lifted its stake in shares of Par Pacific by 325.0% in the 4th quarter. Jackson Creek Investment Advisors LLC now owns 51,431 shares of the company’s stock valued at $1,807,000 after purchasing an additional 39,329 shares during the period. The Manufacturers Life Insurance Company lifted its stake in shares of Par Pacific by 170.6% in the 1st quarter. The Manufacturers Life Insurance Company now owns 62,505 shares of the company’s stock valued at $3,916,000 after purchasing an additional 39,404 shares during the period. Finally, Hillsdale Investment Management Inc. bought a new stake in shares of Par Pacific during the 4th quarter valued at about $6,985,000. 92.15% of the stock is owned by institutional investors.

Insider Activity

In related news, insider Danielle Mattiussi sold 3,278 shares of Par Pacific stock in a transaction on Friday, August 7th. The shares were sold at an average price of $67.29, for a total value of $220,576.62. Following the completion of the sale, the insider owned 27,878 shares of the company’s stock, valued at approximately $1,875,910.62. This trade represents a 10.52% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 3.60% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on the company. Benchmark reiterated a “buy” rating on shares of Par Pacific in a report on Wednesday, July 8th. Guggenheim upgraded Par Pacific to an “outperform” rating in a report on Wednesday, May 27th. TD Cowen reduced their price objective on shares of Par Pacific from $100.00 to $95.00 and set a “buy” rating for the company in a research report on Friday, August 7th. Weiss Ratings lowered shares of Par Pacific from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Friday, August 21st. Finally, Evercore upgraded shares of Par Pacific to an “outperform” rating in a research report on Wednesday, May 27th. Ten equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $81.57.

Par Pacific Stock Performance

Shares of Par Pacific stock opened at $80.08 on Wednesday. The business has a 50-day simple moving average of $72.71 and a 200 day simple moving average of $62.02. Par Pacific Holdings, Inc. has a one year low of $32.24 and a one year high of $87.03. The company has a debt-to-equity ratio of 0.38, a current ratio of 1.84 and a quick ratio of 0.76. The firm has a market capitalization of $4.01 billion, a price-to-earnings ratio of 4.67 and a beta of 0.77.

Par Pacific (NYSE:PARR) last announced its quarterly earnings results on Tuesday, August 4th. The company reported $10.10 earnings per share (EPS) for the quarter, topping the consensus estimate of $8.22 by $1.88. The business had revenue of $2.97 billion for the quarter, compared to analyst estimates of $2.40 billion. Par Pacific had a return on equity of 56.19% and a net margin of 9.94%.The company’s quarterly revenue was up 56.8% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.54 earnings per share. On average, research analysts anticipate that Par Pacific Holdings, Inc. will post 21.33 earnings per share for the current fiscal year.

Par Pacific Profile

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 O?ahu, 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.