Par Pacific Holdings, Inc. $PARR Stock Position Boosted by Tudor Investment Corp ET AL

Tudor Investment Corp ET AL boosted its stake in Par Pacific Holdings, Inc. (NYSE:PARR) by 184.5% in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 272,048 shares of the company’s stock after buying an additional 176,419 shares during the period. Tudor Investment Corp ET AL’s holdings in Par Pacific were worth $9,636,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Federated Hermes Inc. bought a new position in Par Pacific in the 3rd quarter valued at about $44,000. Aster Capital Management DIFC Ltd bought a new position in Par Pacific in the 3rd quarter valued at about $48,000. Nisa Investment Advisors LLC grew its position in Par Pacific by 16.2% in the 3rd quarter. Nisa Investment Advisors LLC now owns 1,855 shares of the company’s stock valued at $66,000 after buying an additional 259 shares in the last quarter. USA Financial Formulas bought a new position in shares of Par Pacific during the 3rd quarter valued at about $82,000. Finally, Smartleaf Asset Management LLC boosted its position in shares of Par Pacific by 81.1% during 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 in the last quarter. Institutional investors own 92.15% of the company’s stock.

Par Pacific Stock Performance

NYSE:PARR opened at $64.63 on Tuesday. Par Pacific Holdings, Inc. has a twelve month low of $12.17 and a twelve month high of $66.75. The company has a current ratio of 1.61, a quick ratio of 0.49 and a debt-to-equity ratio of 0.54. The company has a 50-day moving average of $48.84 and a 200-day moving average of $42.37. The firm has a market cap of $3.20 billion, a price-to-earnings ratio of 8.87 and a beta of 0.97.

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

Insider Buying and Selling

In other Par Pacific news, CEO William Monteleone sold 108,948 shares of the company’s stock in a transaction dated Monday, March 16th. The shares were sold at an average price of $54.06, for a total transaction of $5,889,728.88. Following the completion of the sale, the chief executive officer directly owned 457,167 shares of the company’s stock, valued at approximately $24,714,448.02. This represents a 19.24% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 4.40% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on PARR. Wall Street Zen upgraded shares of Par Pacific from a “buy” rating to a “strong-buy” rating in a research report on Saturday, March 14th. Piper Sandler set a $57.00 price objective on shares of Par Pacific in a research report on Monday, January 12th. Zacks Research lowered shares of Par Pacific from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, December 16th. Weiss Ratings restated a “hold (c+)” rating on shares of Par Pacific in a research report on Friday, March 27th. Finally, TD Cowen raised their price objective on shares of Par Pacific from $39.00 to $48.00 and gave the company a “buy” rating in a research report on Friday, February 27th. Four investment analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $55.50.

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 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.