Linden Thomas Advisory Services LLC Decreases Holdings in Par Pacific Holdings, Inc. (NYSE:PARR)

Linden Thomas Advisory Services LLC trimmed its position in shares of Par Pacific Holdings, Inc. (NYSE:PARR) by 2.5% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 42,571 shares of the company’s stock after selling 1,104 shares during the period. Linden Thomas Advisory Services LLC owned about 0.08% of Par Pacific worth $698,000 as of its most recent SEC filing.

A number of other large investors have also bought and sold shares of PARR. GAMMA Investing LLC increased its stake in Par Pacific by 232.5% in the 4th quarter. GAMMA Investing LLC now owns 1,669 shares of the company’s stock worth $27,000 after purchasing an additional 1,167 shares during the period. Nisa Investment Advisors LLC increased its stake in Par Pacific by 37.7% in the 4th quarter. Nisa Investment Advisors LLC now owns 2,557 shares of the company’s stock worth $42,000 after purchasing an additional 700 shares during the period. Quarry LP increased its stake in Par Pacific by 610.5% in the 2nd quarter. Quarry LP now owns 2,359 shares of the company’s stock worth $60,000 after purchasing an additional 2,027 shares during the period. FMR LLC increased its stake in Par Pacific by 126.7% in the 3rd quarter. FMR LLC now owns 8,634 shares of the company’s stock worth $152,000 after purchasing an additional 4,826 shares during the period. Finally, MQS Management LLC purchased a new position in Par Pacific in the 3rd quarter worth approximately $185,000. 92.15% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Par Pacific news, Director William Pate sold 67,700 shares of the business’s stock in a transaction on Thursday, December 12th. The stock was sold at an average price of $16.22, for a total value of $1,098,094.00. Following the sale, the director now directly owns 524,610 shares of the company’s stock, valued at approximately $8,509,174.20. The trade was a 11.43 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Corporate insiders own 4.40% of the company’s stock.

Par Pacific Trading Down 1.1 %

NYSE PARR opened at $17.49 on Monday. The company has a quick ratio of 0.66, a current ratio of 1.69 and a debt-to-equity ratio of 0.84. Par Pacific Holdings, Inc. has a twelve month low of $14.84 and a twelve month high of $40.69. The firm has a market capitalization of $978.79 million, a PE ratio of 3.39 and a beta of 2.00. The stock’s 50 day moving average is $16.87 and its 200 day moving average is $19.06.

Par Pacific (NYSE:PARR) last released its quarterly earnings results on Monday, November 4th. The company reported ($0.10) earnings per share for the quarter, beating the consensus estimate of ($0.12) by $0.02. Par Pacific had a return on equity of 10.06% and a net margin of 3.74%. The company had revenue of $2.14 billion for the quarter, compared to analyst estimates of $1.88 billion. During the same period in the previous year, the company posted $3.15 earnings per share. The firm’s revenue was down 16.9% on a year-over-year basis. Research analysts forecast that Par Pacific Holdings, Inc. will post 0.14 earnings per share for the current fiscal year.

Analysts Set New Price Targets

PARR has been the topic of a number of analyst reports. JPMorgan Chase & Co. decreased their price target on Par Pacific from $27.00 to $26.00 and set an “overweight” rating on the stock in a research note on Thursday, January 16th. Mizuho lowered Par Pacific from an “outperform” rating to a “neutral” rating and cut their price objective for the stock from $26.00 to $22.00 in a research report on Monday, December 16th. StockNews.com upgraded Par Pacific from a “sell” rating to a “hold” rating in a research report on Thursday, November 14th. The Goldman Sachs Group cut their price objective on Par Pacific from $26.00 to $23.00 and set a “neutral” rating on the stock in a research report on Thursday, December 19th. Finally, Raymond James began coverage on Par Pacific in a research report on Friday. They issued an “outperform” rating and a $25.00 price objective on the stock. Seven research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $25.71.

Par Pacific Profile

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.