Illinois Municipal Retirement Fund Has $1.34 Million Holdings in Par Pacific Holdings, Inc. $PARR

Illinois Municipal Retirement Fund lessened its position in shares of Par Pacific Holdings, Inc. (NYSE:PARR) by 26.8% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 21,430 shares of the company’s stock after selling 7,861 shares during the period. Illinois Municipal Retirement Fund’s holdings in Par Pacific were worth $1,342,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Smartleaf Asset Management LLC increased its stake in shares of Par Pacific by 81.1% during the second quarter. Smartleaf Asset Management LLC now owns 2,340 shares of the company’s stock worth $62,000 after purchasing an additional 1,048 shares during the period. Aster Capital Management DIFC Ltd boosted its stake in Par Pacific by 34.9% in the 4th quarter. Aster Capital Management DIFC Ltd now owns 1,847 shares of the company’s stock valued at $65,000 after purchasing an additional 478 shares during the period. Rockefeller Capital Management L.P. grew its holdings in Par Pacific by 385.6% in the 4th quarter. Rockefeller Capital Management L.P. now owns 1,962 shares of the company’s stock valued at $69,000 after buying an additional 1,558 shares in the last quarter. Federated Hermes Inc. grew its holdings in Par Pacific by 70.4% in the 4th quarter. Federated Hermes Inc. now owns 2,096 shares of the company’s stock valued at $74,000 after buying an additional 866 shares in the last quarter. Finally, Royal Bank of Canada increased its position in Par Pacific by 86.3% during the 4th quarter. Royal Bank of Canada now owns 3,697 shares of the company’s stock worth $130,000 after buying an additional 1,713 shares during the period. Institutional investors and hedge funds own 92.15% of the company’s stock.

Analyst Upgrades and Downgrades

PARR has been the subject of a number of research reports. TD Cowen lifted their target price on Par Pacific from $78.00 to $100.00 and gave the stock a “buy” rating in a report on Tuesday. UBS Group raised their price target on shares of Par Pacific from $60.00 to $65.00 and gave the stock a “neutral” rating in a research report on Wednesday, July 8th. JPMorgan Chase & Co. lifted their price objective on shares of Par Pacific from $48.00 to $77.00 and gave the stock an “overweight” rating in a research note on Wednesday, April 8th. Benchmark reissued a “buy” rating on shares of Par Pacific in a report on Wednesday, July 8th. Finally, Mizuho boosted their price objective on shares of Par Pacific from $79.00 to $80.00 and gave the company an “outperform” rating in a report on Thursday, July 9th. One research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and two have given a Hold rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $79.43.

Par Pacific Price Performance

Shares of NYSE PARR opened at $80.56 on Wednesday. The stock has a market capitalization of $4.04 billion, a PE ratio of 8.99 and a beta of 0.82. 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 business has a fifty day moving average price of $59.64 and a two-hundred day moving average price of $53.55. Par Pacific Holdings, Inc. has a fifty-two week low of $26.83 and a fifty-two week high of $82.29.

Par Pacific (NYSE:PARR) last released its earnings results on Tuesday, May 5th. The company reported $0.78 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.00 by ($0.22). Par Pacific had a return on equity of 34.38% and a net margin of 6.02%.The company had revenue of $1.82 billion for the quarter, compared to analyst estimates of $1.78 billion. During the same period last year, the company posted ($0.94) earnings per share. The business’s revenue for the quarter was up 4.5% compared to the same quarter last year. As a group, equities analysts predict that Par Pacific Holdings, Inc. will post 17.85 earnings per share for the current fiscal year.

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.