Dynamic Technology Lab Private Ltd Takes Position in Par Pacific Holdings, Inc. $PARR

Dynamic Technology Lab Private Ltd purchased a new position in Par Pacific Holdings, Inc. (NYSE:PARR) during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 41,779 shares of the company’s stock, valued at approximately $1,480,000. Dynamic Technology Lab Private Ltd owned about 0.08% of Par Pacific as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently added to or reduced their stakes in the company. Nisa Investment Advisors LLC lifted its stake in Par Pacific by 16.2% during the third quarter. Nisa Investment Advisors LLC now owns 1,855 shares of the company’s stock worth $66,000 after purchasing an additional 259 shares during the last quarter. Wealth Enhancement Advisory Services LLC boosted its holdings in shares of Par Pacific by 1.6% in the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 16,948 shares of the company’s stock worth $596,000 after purchasing an additional 266 shares in the last quarter. Smartleaf Asset Management LLC increased its position in shares of Par Pacific by 12.5% during the 3rd quarter. Smartleaf Asset Management LLC now owns 2,633 shares of the company’s stock valued at $94,000 after purchasing an additional 293 shares during the last quarter. Illinois Municipal Retirement Fund increased its position in shares of Par Pacific by 1.7% during the 3rd quarter. Illinois Municipal Retirement Fund now owns 28,078 shares of the company’s stock valued at $995,000 after purchasing an additional 471 shares during the last quarter. Finally, GAMMA Investing LLC raised its holdings in shares of Par Pacific by 4.9% during the 3rd quarter. GAMMA Investing LLC now owns 15,405 shares of the company’s stock valued at $546,000 after buying an additional 713 shares in the last quarter. Institutional investors own 92.15% of the company’s stock.

Analysts Set New Price Targets

Several analysts have issued reports on the company. TD Cowen upped their target price on Par Pacific from $39.00 to $48.00 and gave the stock a “buy” rating in a research note on Friday, February 27th. Weiss Ratings reissued a “hold (c+)” rating on shares of Par Pacific in a research note on Monday, December 29th. Piper Sandler set a $57.00 price objective on shares of Par Pacific in a report on Monday, January 12th. Wall Street Zen lowered shares of Par Pacific from a “strong-buy” rating to a “buy” rating in a report on Saturday, February 28th. Finally, Zacks Research cut shares of Par Pacific from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, December 16th. Four investment analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $47.33.

Par Pacific Trading Down 2.0%

Shares of PARR opened at $48.96 on Friday. The stock has a market capitalization of $2.40 billion, a P/E ratio of 6.72 and a beta of 1.17. Par Pacific Holdings, Inc. has a twelve month low of $12.04 and a twelve month high of $51.55. The company has a quick ratio of 0.49, a current ratio of 1.61 and a debt-to-equity ratio of 0.54. The firm has a fifty day simple moving average of $39.65 and a two-hundred day simple moving average of $38.70.

Par Pacific (NYSE:PARR) last released its quarterly earnings data on Tuesday, February 24th. The company reported $1.17 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.21 by ($0.04). The firm had revenue of $1.81 billion during the quarter, compared to analysts’ expectations of $1.68 billion. Par Pacific had a net margin of 4.95% and a return on equity of 30.19%. Par Pacific’s revenue was down 1.0% compared to the same quarter last year. During the same quarter in the previous year, the firm posted ($0.79) EPS. On average, research analysts anticipate that Par Pacific Holdings, Inc. will post 0.15 EPS for the current year.

Par Pacific 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 Oʻahu, 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.