Yousif Capital Management LLC Acquires 2,712 Shares of Par Pacific Holdings, Inc. (NYSE:PARR)

Yousif Capital Management LLC boosted its holdings in shares of Par Pacific Holdings, Inc. (NYSE:PARR) by 9.8% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 30,476 shares of the company’s stock after acquiring an additional 2,712 shares during the quarter. Yousif Capital Management LLC owned approximately 0.05% of Par Pacific worth $1,108,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Bailard Inc. raised its position in shares of Par Pacific by 7.4% in the third quarter. Bailard Inc. now owns 10,200 shares of the company’s stock valued at $367,000 after purchasing an additional 700 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank grew its stake in shares of Par Pacific by 35.1% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 8,701 shares of the company’s stock worth $313,000 after acquiring an additional 2,262 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. boosted its stake in Par Pacific by 8.1% during the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 24,387 shares of the company’s stock worth $876,000 after buying an additional 1,834 shares in the last quarter. Advisor Partners II LLC acquired a new stake in Par Pacific during the third quarter worth $541,000. Finally, Inspire Investing LLC acquired a new stake in Par Pacific during the third quarter worth $959,000. Institutional investors own 92.15% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on PARR shares. StockNews.com downgraded shares of Par Pacific from a “buy” rating to a “hold” rating in a research note on Monday, March 4th. Piper Sandler lifted their price target on shares of Par Pacific from $43.00 to $47.00 and gave the stock an “overweight” rating in a research note on Friday, April 5th. Three investment analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $36.75.

Insider Activity

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

Par Pacific Stock Down 0.5 %

Shares of NYSE:PARR opened at $30.84 on Friday. Par Pacific Holdings, Inc. has a 52 week low of $20.30 and a 52 week high of $40.69. The company has a debt-to-equity ratio of 0.49, a quick ratio of 0.54 and a current ratio of 1.30. The company’s fifty day moving average is $35.57 and its 200-day moving average is $35.19. The company has a market capitalization of $1.83 billion, a PE ratio of 2.58 and a beta of 1.98.

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

Par Pacific 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.