27,800 Shares in Par Pacific Holdings, Inc. (NYSE:PARR) Purchased by Louisiana State Employees Retirement System

Louisiana State Employees Retirement System acquired a new stake in Par Pacific Holdings, Inc. (NYSE:PARR) in the 4th quarter, according to the company in its most recent filing with the SEC. The firm acquired 27,800 shares of the company’s stock, valued at approximately $1,011,000.

Several other hedge funds have also recently modified their holdings of the company. Jacobs Levy Equity Management Inc. increased its position in shares of Par Pacific by 14.2% during the third quarter. Jacobs Levy Equity Management Inc. now owns 1,243,068 shares of the company’s stock valued at $44,676,000 after acquiring an additional 154,571 shares during the last quarter. Boston Partners increased its holdings in Par Pacific by 6.6% during the third quarter. Boston Partners now owns 1,127,022 shares of the company’s stock worth $40,016,000 after buying an additional 69,475 shares during the last quarter. Public Employees Retirement System of Ohio raised its position in Par Pacific by 5,017.3% in the third quarter. Public Employees Retirement System of Ohio now owns 39,454 shares of the company’s stock worth $1,418,000 after acquiring an additional 38,683 shares during the period. Hsbc Holdings PLC boosted its stake in Par Pacific by 12.1% in the third quarter. Hsbc Holdings PLC now owns 258,976 shares of the company’s stock valued at $9,355,000 after acquiring an additional 28,023 shares during the last quarter. Finally, Dark Forest Capital Management LP bought a new position in shares of Par Pacific during the 3rd quarter valued at approximately $881,000. Institutional investors own 92.15% of the company’s stock.

Analyst Ratings Changes

PARR has been the topic of a number of research reports. StockNews.com cut shares of Par Pacific from a “buy” rating to a “hold” rating in a report on Monday, March 4th. Piper Sandler upped their price target on Par Pacific from $43.00 to $47.00 and gave the company an “overweight” rating in a research report on Friday, April 5th. Three investment analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $36.75.

Insider Activity

In other Par Pacific news, insider Jeffrey Ryan Hollis sold 4,700 shares of Par Pacific stock in a transaction that occurred on Wednesday, March 13th. The shares were sold at an average price of $37.39, for a total transaction of $175,733.00. Following the completion of the sale, the insider now directly owns 13,176 shares in the company, valued at $492,650.64. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. In other Par Pacific news, insider Jeffrey Ryan Hollis sold 4,700 shares of Par Pacific stock in a transaction that occurred on Wednesday, March 13th. The shares were sold at an average price of $37.39, for a total transaction of $175,733.00. Following the completion of the sale, the insider now directly owns 13,176 shares in the company, valued at $492,650.64. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CAO Ivan Daniel Guerra sold 6,000 shares of Par Pacific stock in a transaction that occurred on Wednesday, March 13th. The shares were sold at an average price of $37.49, for a total transaction of $224,940.00. Following the sale, the chief accounting officer now owns 16,200 shares of the company’s stock, valued at $607,338. The disclosure for this sale can be found here. 4.40% of the stock is owned by company insiders.

Par Pacific Price Performance

PARR opened at $32.69 on Thursday. The company has a market capitalization of $1.94 billion, a price-to-earnings ratio of 2.74 and a beta of 1.95. The company has a quick ratio of 0.54, a current ratio of 1.30 and a debt-to-equity ratio of 0.49. The firm has a 50-day moving average price of $36.65 and a 200-day moving average price of $35.27. Par Pacific Holdings, Inc. has a twelve month low of $20.30 and a twelve month high of $40.69.

Par Pacific (NYSE:PARR) last posted its earnings results on Tuesday, February 27th. The company reported $1.08 earnings per share for the quarter, missing the consensus estimate of $1.11 by ($0.03). The business had revenue of $2.18 billion during the quarter, compared to analysts’ expectations of $2.45 billion. Par Pacific had a return on equity of 47.63% and a net margin of 8.85%. Equities analysts expect that Par Pacific Holdings, Inc. will post 4.56 EPS for the current year.

Par Pacific Company Profile

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.