Par Pacific Holdings, Inc. (NYSE:PARR) Shares Sold by Harbor Capital Advisors Inc.

Harbor Capital Advisors Inc. trimmed its position in Par Pacific Holdings, Inc. (NYSE:PARR) by 2.3% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 501,340 shares of the company’s stock after selling 11,914 shares during the quarter. Harbor Capital Advisors Inc. owned about 0.90% of Par Pacific worth $8,217,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in PARR. Commonwealth Equity Services LLC purchased a new position in Par Pacific in the second quarter worth approximately $275,000. Rhumbline Advisers lifted its position in Par Pacific by 3.6% in the second quarter. Rhumbline Advisers now owns 177,643 shares of the company’s stock valued at $4,485,000 after buying an additional 6,102 shares during the last quarter. Victory Capital Management Inc. boosted its stake in Par Pacific by 131.1% during the second quarter. Victory Capital Management Inc. now owns 86,880 shares of the company’s stock worth $2,194,000 after buying an additional 49,286 shares during the period. Quest Partners LLC increased its position in shares of Par Pacific by 141.3% during the second quarter. Quest Partners LLC now owns 5,930 shares of the company’s stock valued at $150,000 after acquiring an additional 3,472 shares during the last quarter. Finally, Headlands Technologies LLC raised its stake in shares of Par Pacific by 215.1% in the 2nd quarter. Headlands Technologies LLC now owns 1,166 shares of the company’s stock valued at $29,000 after acquiring an additional 796 shares during the period. Hedge funds and other institutional investors own 92.15% of the company’s stock.

Insider Transactions at Par Pacific

In other news, Director William Pate sold 67,700 shares of the company’s stock in a transaction dated Thursday, December 12th. The shares were sold at an average price of $16.22, for a total value of $1,098,094.00. Following the completion of the sale, the director now directly owns 524,610 shares of the company’s stock, valued at approximately $8,509,174.20. This represents a 11.43 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 4.40% of the company’s stock.

Par Pacific Stock Up 3.5 %

NYSE:PARR traded up $0.59 during trading hours on Friday, hitting $17.52. The company’s stock had a trading volume of 348,999 shares, compared to its average volume of 693,860. The stock has a market capitalization of $980.28 million, a P/E ratio of 3.40 and a beta of 2.00. The company has a current ratio of 1.69, a quick ratio of 0.66 and a debt-to-equity ratio of 0.84. The stock has a fifty day moving average of $16.57 and a 200-day moving average of $19.67. Par Pacific Holdings, Inc. has a 52-week low of $14.84 and a 52-week high of $40.69.

Par Pacific (NYSE:PARR) last posted its earnings results on Monday, November 4th. The company reported ($0.10) earnings per share for the quarter, topping the consensus estimate of ($0.12) by $0.02. The firm had revenue of $2.14 billion during the quarter, compared to analysts’ expectations of $1.88 billion. Par Pacific had a return on equity of 10.06% and a net margin of 3.74%. During the same quarter in the previous year, the business earned $3.15 earnings per share. The firm’s revenue was down 16.9% compared to the same quarter last year. On average, equities analysts forecast that Par Pacific Holdings, Inc. will post 1.12 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on PARR shares. StockNews.com raised Par Pacific from a “sell” rating to a “hold” rating in a research note on Thursday, November 14th. JPMorgan Chase & Co. raised shares of Par Pacific from a “neutral” rating to an “overweight” rating and lowered their price objective for the company from $36.00 to $30.00 in a research note on Wednesday, October 2nd. Piper Sandler lowered shares of Par Pacific from an “overweight” rating to a “neutral” rating and reduced their target price for the stock from $37.00 to $23.00 in a report on Friday, September 20th. The Goldman Sachs Group dropped their price target on shares of Par Pacific from $26.00 to $23.00 and set a “neutral” rating for the company in a research note on Thursday, December 19th. Finally, Mizuho lowered Par Pacific from an “outperform” rating to a “neutral” rating and decreased their target price for the company from $26.00 to $22.00 in a report on Monday, December 16th. Seven equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $26.50.

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.