1 week Ago By ABMN Staff
Vanguard Group Inc. lessened its stake in Par Pacific Holdings, Inc. ( NYSE:PARR – Free Report ) by 8.
6% in the 4th quarter, HoldingsChannel.com reports. The fund owned 4,271,319 shares of the company’s stock after selling 401,481 shares during the period.
Vanguard Group Inc. owned about 0.08% of Par Pacific worth $70,007,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other hedge funds also recently made changes to their positions in PARR. FMR LLC boosted its position in shares of Par Pacific by 126.7% in the 3rd quarter.
FMR LLC now owns 8,634 shares of the company’s stock valued at $152,000 after purchasing an additional 4,826 shares during the period. BNP Paribas Financial Markets boosted its holdings in shares of Par Pacific by 196.5% in the third quarter.
BNP Paribas Financial Markets now owns 44,416 shares of the company’s stock valued at $782,000 after acquiring an additional 29,435 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position in shares of Par Pacific by 7.4% during the third 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 acquiring an additional 8,844 shares during the last quarter. Verition Fund Management LLC acquired a new position in shares of Par Pacific in the 3rd quarter valued at $197,000. Finally, Janus Henderson Group PLC raised its position in Par Pacific by 21.
7% in the 3rd quarter. Janus Henderson Group PLC now owns 44,342 shares of the company’s stock valued at $781,000 after purchasing an additional 7,903 shares during the last quarter. Hedge funds and other institutional investors own 92.
15% of the company’s stock. Par Pacific Trading Down 3.9 % Shares of PARR stock opened at $13.
68 on Friday. The firm has a market capitalization of $749.01 million, a PE ratio of 2.
65 and a beta of 1.64. Par Pacific Holdings, Inc.
has a 1-year low of $11.86 and a 1-year high of $35.46.
The business’s fifty day moving average price is $14.60 and its 200 day moving average price is $16.18.
The company has a debt-to-equity ratio of 0.84, a current ratio of 1.69 and a quick ratio of 0.
66. Analyst Upgrades and Downgrades Several research analysts have issued reports on PARR shares. Mizuho downgraded shares of Par Pacific from an “outperform” rating to a “neutral” rating and lowered their price objective for the stock from $26.
00 to $22.00 in a research report on Monday, December 16th. JPMorgan Chase & Co.
dropped their price target on Par Pacific from $27.00 to $26.00 and set an “overweight” rating on the stock in a research report on Thursday, January 16th.
TD Cowen reduced their price objective on Par Pacific from $21.00 to $17.00 and set a “buy” rating for the company in a research note on Thursday, February 27th.
Raymond James started coverage on Par Pacific in a research note on Friday, January 24th. They issued an “outperform” rating and a $25.00 target price on the stock.
Finally, StockNews.com cut Par Pacific from a “hold” rating to a “sell” rating in a research note on Friday, February 28th. One analyst has rated the stock with a sell rating, four have issued a hold rating and five have assigned a buy rating to the company.
According to MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $22.71.
Get Our Latest Report on Par Pacific Par Pacific Company Profile ( 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.
See Also 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 ).
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