Massachusetts Financial Services Co. MA Has $3.21 Million Position in Par Pacific Holdings, Inc. (NYSE:PARR)

Massachusetts Financial Services Co. MA lowered its position in Par Pacific Holdings, Inc. (NYSE:PARRFree Report) by 3.7% during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 89,420 shares of the company’s stock after selling 3,426 shares during the period. Massachusetts Financial Services Co. MA owned 0.15% of Par Pacific worth $3,214,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the company. BlackRock Inc. boosted its holdings in Par Pacific by 6.5% in the second quarter. BlackRock Inc. now owns 7,987,426 shares of the company’s stock worth $212,545,000 after acquiring an additional 488,246 shares in the last quarter. Vanguard Group Inc. raised its stake in shares of Par Pacific by 14.3% in the third quarter. Vanguard Group Inc. now owns 4,080,201 shares of the company’s stock worth $66,956,000 after purchasing an additional 508,925 shares during the last quarter. State Street Corp raised its stake in shares of Par Pacific by 15.5% in the second quarter. State Street Corp now owns 3,322,645 shares of the company’s stock worth $88,416,000 after purchasing an additional 446,678 shares during the last quarter. Dimensional Fund Advisors LP raised its stake in shares of Par Pacific by 28.5% in the second quarter. Dimensional Fund Advisors LP now owns 2,081,237 shares of the company’s stock worth $55,380,000 after purchasing an additional 462,039 shares during the last quarter. Finally, Millennium Management LLC raised its stake in shares of Par Pacific by 7.0% in the fourth quarter. Millennium Management LLC now owns 1,521,402 shares of the company’s stock worth $35,373,000 after purchasing an additional 99,466 shares during the last quarter. Institutional investors own 92.83% of the company’s stock.

Par Pacific Stock Performance

NYSE:PARR opened at $39.59 on Monday. The company has a debt-to-equity ratio of 0.50, a current ratio of 1.12 and a quick ratio of 0.49. The business has a fifty day simple moving average of $35.25 and a two-hundred day simple moving average of $34.43. Par Pacific Holdings, Inc. has a 1 year low of $20.30 and a 1 year high of $39.79. The company has a market capitalization of $2.40 billion, a P/E ratio of 4.61 and a beta of 1.99.

Wall Street Analyst Weigh In

Several analysts have recently commented on the company. StockNews.com downgraded Par Pacific from a “buy” rating to a “hold” rating in a research note on Friday, December 29th. UBS Group decreased their price target on Par Pacific from $38.00 to $37.00 and set a “neutral” rating for the company in a research report on Monday, November 13th. Four investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $36.00.

Read Our Latest Analysis on Par Pacific

Par Pacific Profile

(Free Report)

Par Pacific Holdings, Inc owns and operates energy and infrastructure businesses. The company operates through three segments: Refining, Retail, and Logistics. The Refining segment owns and operates three refineries that produces ultra-low sulfur diesel, gasoline, jet fuel, marine fuel, distillate, asphalt, low sulfur fuel oil, and other associated refined products primarily for consumption in Hawaii, Pacific Northwest, Wyoming, and South Dakota.

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Institutional Ownership by Quarter for Par Pacific (NYSE:PARR)

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