1 week Ago By ABMN Staff
Norges Bank purchased a new stake in Par Pacific Holdings, Inc. ( NYSE:PARR – Free Report ) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 157,000 shares of the company’s stock, valued at approximately $2,573,000.
A number of other institutional investors also recently modified their holdings of the business. Charles Schwab Investment Management Inc. increased its position in shares of Par Pacific by 22.
6% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 909,220 shares of the company’s stock valued at $14,902,000 after buying an additional 167,594 shares during the period.
State Street Corp grew its stake in Par Pacific by 10.5% during the third quarter. State Street Corp now owns 3,461,282 shares of the company’s stock valued at $60,919,000 after acquiring an additional 328,325 shares in the last quarter.
Sanctuary Advisors LLC increased its holdings in Par Pacific by 126.2% during the 4th quarter. Sanctuary Advisors LLC now owns 49,256 shares of the company’s stock worth $843,000 after acquiring an additional 27,480 shares during the period.
UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in Par Pacific by 7.4% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 127,732 shares of the company’s stock worth $2,248,000 after purchasing an additional 8,844 shares in the last quarter.
Finally, Barclays PLC boosted its holdings in Par Pacific by 10.1% in the 3rd quarter. Barclays PLC now owns 469,640 shares of the company’s stock valued at $8,265,000 after purchasing an additional 42,930 shares during the period.
92.15% of the stock is currently owned by hedge funds and other institutional investors. Par Pacific Trading Down 0.
2 % PARR stock opened at $13.62 on Friday. The company has a market capitalization of $745.
83 million, a PE ratio of 2.64 and a beta of 1.64.
The company has a debt-to-equity ratio of 0.84, a quick ratio of 0.66 and a current ratio of 1.
69. Par Pacific Holdings, Inc. has a one year low of $11.
86 and a one year high of $35.46. The company’s 50 day moving average price is $14.
51 and its two-hundred day moving average price is $16.15. Analysts Set New Price Targets Several research firms have recently weighed in on PARR.
The Goldman Sachs Group raised shares of Par Pacific from a “neutral” rating to a “buy” rating and upped their price target for the stock from $18.00 to $19.00 in a report on Thursday, March 27th.
Piper Sandler lowered their price target on Par Pacific from $25.00 to $21.00 and set an “overweight” rating on the stock in a report on Friday, March 7th.
JPMorgan Chase & Co. cut their price objective on Par Pacific from $27.00 to $26.
00 and set an “overweight” rating for the company in a report on Thursday, January 16th. StockNews.com downgraded shares of Par Pacific from a “hold” rating to a “sell” rating in a research note on Friday, February 28th.
Finally, Raymond James began coverage on shares of Par Pacific in a research note on Friday, January 24th. They issued an “outperform” rating and a $25.00 price target for the company.
One investment analyst has rated the stock with a sell rating, four have issued a hold rating and five have given a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $22.
71. Get Our Latest Analysis on PARR About Par Pacific ( Free Report ) Par Pacific Holdings, Inc owns and operates energy and infrastructure businesses. The company operates through Refining, Retail, and Logistics segments.
The Refining segment owns and operates refineries that produce gasoline, distillate, asphalt, and other products primarily for consumption in Kapolei, Hawaii, Newcastle, Wyoming, Tacoma, Washington, and Billings, Montana. Featured Articles Want to see what other hedge funds are holding PARR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Par Pacific Holdings, Inc.
( NYSE:PARR – Free Report ). Receive News & Ratings for Par Pacific Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Par Pacific and related companies with MarketBeat.com's FREE daily email newsletter .
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