Par Pacific Holdings, Inc. $PARR Shares Sold by Public Employees Retirement System of Ohio

Public Employees Retirement System of Ohio cut its position in shares of Par Pacific Holdings, Inc. (NYSE:PARR) by 33.0% during the first quarter, Holdings Channel.com reports. The firm owned 27,172 shares of the company’s stock after selling 13,375 shares during the quarter. Public Employees Retirement System of Ohio’s holdings in Par Pacific were worth $1,702,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Smartleaf Asset Management LLC boosted its holdings in Par Pacific by 81.1% in the 2nd quarter. Smartleaf Asset Management LLC now owns 2,340 shares of the company’s stock valued at $62,000 after purchasing an additional 1,048 shares during the last quarter. Aster Capital Management DIFC Ltd increased its holdings in shares of Par Pacific by 34.9% during the 4th quarter. Aster Capital Management DIFC Ltd now owns 1,847 shares of the company’s stock worth $65,000 after buying an additional 478 shares during the last quarter. Rockefeller Capital Management L.P. raised its position in shares of Par Pacific by 385.6% during the 4th quarter. Rockefeller Capital Management L.P. now owns 1,962 shares of the company’s stock valued at $69,000 after buying an additional 1,558 shares during the period. Federated Hermes Inc. raised its position in shares of Par Pacific by 70.4% during the 4th quarter. Federated Hermes Inc. now owns 2,096 shares of the company’s stock valued at $74,000 after buying an additional 866 shares during the period. Finally, Royal Bank of Canada raised its position in shares of Par Pacific by 86.3% during the 4th quarter. Royal Bank of Canada now owns 3,697 shares of the company’s stock valued at $130,000 after buying an additional 1,713 shares during the period. 92.15% of the stock is owned by hedge funds and other institutional investors.

Par Pacific Stock Performance

Shares of PARR stock opened at $85.87 on Monday. The company has a debt-to-equity ratio of 0.63, a quick ratio of 0.60 and a current ratio of 1.62. The firm has a market cap of $4.31 billion, a P/E ratio of 9.58 and a beta of 0.82. The firm’s 50 day moving average price is $63.06 and its 200-day moving average price is $56.05. Par Pacific Holdings, Inc. has a one year low of $26.83 and a one year high of $87.03.

Par Pacific (NYSE:PARR) last posted its earnings results on Tuesday, May 5th. The company reported $0.78 earnings per share for the quarter, missing the consensus estimate of $1.00 by ($0.22). The company had revenue of $1.82 billion during the quarter, compared to analyst estimates of $1.78 billion. Par Pacific had a net margin of 6.02% and a return on equity of 34.38%. The firm’s revenue for the quarter was up 4.5% on a year-over-year basis. During the same quarter last year, the business posted ($0.94) EPS. As a group, equities research analysts predict that Par Pacific Holdings, Inc. will post 18.6 EPS for the current year.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on PARR. Wall Street Zen upgraded Par Pacific from a “buy” rating to a “strong-buy” rating in a research report on Sunday, May 17th. Weiss Ratings restated a “hold (c+)” rating on shares of Par Pacific in a research report on Wednesday, June 24th. Mizuho upped their price target on Par Pacific from $79.00 to $80.00 and gave the company an “outperform” rating in a research note on Thursday, July 9th. The Goldman Sachs Group increased their price target on Par Pacific from $77.00 to $92.00 and gave the stock a “buy” rating in a report on Thursday, July 23rd. Finally, Zacks Research upgraded Par Pacific from a “hold” rating to a “strong-buy” rating in a report on Tuesday, July 7th. One investment analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $81.57.

Par Pacific Company 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.