Virtu Financial LLC Purchases 23,898 Shares of Par Pacific Holdings, Inc. $PARR

Virtu Financial LLC lifted its holdings in Par Pacific Holdings, Inc. (NYSE:PARR) by 378.3% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 30,215 shares of the company’s stock after acquiring an additional 23,898 shares during the quarter. Virtu Financial LLC owned approximately 0.06% of Par Pacific worth $1,062,000 at the end of the most recent reporting period.

A number of other large investors have also bought and sold shares of the business. Royal Bank of Canada increased its holdings in Par Pacific by 23.9% during the 1st quarter. Royal Bank of Canada now owns 23,453 shares of the company’s stock valued at $334,000 after purchasing an additional 4,525 shares in the last quarter. AQR Capital Management LLC boosted its stake in Par Pacific by 118.2% in the first quarter. AQR Capital Management LLC now owns 164,358 shares of the company’s stock worth $2,344,000 after purchasing an additional 89,023 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in Par Pacific by 4.6% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 32,304 shares of the company’s stock worth $461,000 after purchasing an additional 1,427 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its holdings in shares of Par Pacific by 4.7% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 146,241 shares of the company’s stock worth $2,085,000 after purchasing an additional 6,618 shares during the last quarter. Finally, Jane Street Group LLC grew its holdings in shares of Par Pacific by 352.7% during the first quarter. Jane Street Group LLC now owns 270,835 shares of the company’s stock worth $3,862,000 after purchasing an additional 211,002 shares during the last quarter. 92.15% of the stock is currently owned by institutional investors.

Par Pacific Trading Down 0.2%

Shares of NYSE PARR opened at $50.78 on Monday. Par Pacific Holdings, Inc. has a fifty-two week low of $25.81 and a fifty-two week high of $70.39. The firm has a market capitalization of $2.55 billion, a P/E ratio of 5.67 and a beta of 0.84. The company has a debt-to-equity ratio of 0.63, a current ratio of 1.62 and a quick ratio of 0.60. The company’s 50 day simple moving average is $59.54 and its 200 day simple moving average is $49.80.

Par Pacific (NYSE:PARR) last released its earnings results on Tuesday, May 5th. The company reported $0.78 EPS for the quarter, missing analysts’ consensus estimates of $1.00 by ($0.22). The business had revenue of $1.82 billion for the quarter, compared to analyst estimates of $1.78 billion. Par Pacific had a return on equity of 34.38% and a net margin of 6.02%.Par Pacific’s revenue was up 4.5% on a year-over-year basis. During the same period in the prior year, the firm posted ($0.94) EPS. On average, analysts predict that Par Pacific Holdings, Inc. will post 15.6 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on PARR shares. Wall Street Zen upgraded Par Pacific from a “buy” rating to a “strong-buy” rating in a research note on Sunday, May 17th. TD Cowen upped their price target on shares of Par Pacific from $39.00 to $48.00 and gave the stock a “buy” rating in a research report on Friday, February 27th. Evercore raised shares of Par Pacific to an “outperform” rating in a report on Wednesday, May 27th. JPMorgan Chase & Co. raised their price objective on shares of Par Pacific from $48.00 to $77.00 and gave the company an “overweight” rating in a research report on Wednesday, April 8th. Finally, UBS Group boosted their target price on shares of Par Pacific from $40.00 to $60.00 and gave the stock a “neutral” rating in a research note on Thursday, April 9th. Nine investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $70.00.

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.