Millennium Management LLC Purchases Shares of 36,528 Par Pacific Holdings, Inc. (PARR)

Millennium Management LLC purchased a new position in shares of Par Pacific Holdings, Inc. (NYSEAMERICAN:PARR) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund purchased 36,528 shares of the oil and gas company’s stock, valued at approximately $635,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in the business. Victory Capital Management Inc. lifted its holdings in shares of Par Pacific by 15.9% in the 2nd quarter. Victory Capital Management Inc. now owns 22,757 shares of the oil and gas company’s stock valued at $396,000 after purchasing an additional 3,121 shares during the last quarter. Globeflex Capital L P lifted its holdings in shares of Par Pacific by 4.5% in the 2nd quarter. Globeflex Capital L P now owns 81,143 shares of the oil and gas company’s stock valued at $1,410,000 after purchasing an additional 3,522 shares during the last quarter. Strs Ohio lifted its holdings in shares of Par Pacific by 8.9% in the 2nd quarter. Strs Ohio now owns 46,600 shares of the oil and gas company’s stock valued at $809,000 after purchasing an additional 3,800 shares during the last quarter. BlueMountain Capital Management LLC lifted its holdings in shares of Par Pacific by 10.9% in the 2nd quarter. BlueMountain Capital Management LLC now owns 49,607 shares of the oil and gas company’s stock valued at $862,000 after purchasing an additional 4,872 shares during the last quarter. Finally, Principal Financial Group Inc. lifted its holdings in shares of Par Pacific by 2.8% in the 1st quarter. Principal Financial Group Inc. now owns 207,949 shares of the oil and gas company’s stock valued at $3,570,000 after purchasing an additional 5,569 shares during the last quarter. 83.57% of the stock is owned by institutional investors.

PARR opened at $16.31 on Friday. Par Pacific Holdings, Inc. has a 52 week low of $16.10 and a 52 week high of $21.34.

Par Pacific (NYSEAMERICAN:PARR) last posted its quarterly earnings data on Tuesday, November 6th. The oil and gas company reported $0.12 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.27 by ($0.15). The business had revenue of $909.78 million during the quarter, compared to analysts’ expectations of $744.50 million.

Several analysts have recently weighed in on the company. Cowen downgraded Par Pacific from an “outperform” rating to a “market perform” rating and set a $22.00 target price for the company. in a report on Wednesday, September 12th. Zacks Investment Research downgraded Par Pacific from a “strong-buy” rating to a “hold” rating in a report on Thursday, August 9th.

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Par Pacific Profile

Par Pacific Holdings, Inc owns, manages, and maintains interests in energy and infrastructure businesses. It operates through three segments: Refining, Retail, and Logistics. The Refining segment operates a refinery that produces ultra-low sulfur diesel, gasoline, jet fuel, marine fuel, and other associated refined products.

See Also: Risk Tolerance

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Institutional Ownership by Quarter for Par Pacific (NYSEAMERICAN:PARR)

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