Par Pacific Holdings, Inc. (NYSE:PARR) Shares Sold by American Century Companies Inc.

American Century Companies Inc. lowered its holdings in shares of Par Pacific Holdings, Inc. (NYSE:PARR) by 4.7% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,410,399 shares of the company’s stock after selling 69,038 shares during the period. American Century Companies Inc.’s holdings in Par Pacific were worth $23,116,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of the business. State Street Corp boosted its stake in shares of Par Pacific by 10.5% during the third quarter. State Street Corp now owns 3,461,282 shares of the company’s stock worth $60,919,000 after buying an additional 328,325 shares during the period. Walleye Capital LLC lifted its position in Par Pacific by 1,014.3% during the 3rd quarter. Walleye Capital LLC now owns 273,868 shares of the company’s stock worth $4,820,000 after acquiring an additional 249,290 shares during the period. Charles Schwab Investment Management Inc. grew its stake in shares of Par Pacific by 22.6% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 909,220 shares of the company’s stock valued at $14,902,000 after purchasing an additional 167,594 shares during the last quarter. Weiss Asset Management LP purchased a new position in shares of Par Pacific in the 3rd quarter valued at approximately $2,636,000. Finally, Yaupon Capital Management LP increased its holdings in shares of Par Pacific by 17.0% in the third quarter. Yaupon Capital Management LP now owns 604,828 shares of the company’s stock valued at $10,645,000 after purchasing an additional 87,881 shares during the period. 92.15% of the stock is owned by hedge funds and other institutional investors.

Par Pacific Price Performance

PARR stock opened at $14.25 on Friday. The company has a market capitalization of $780.38 million, a PE ratio of 2.76 and a beta of 2.01. The company has a quick ratio of 0.66, a current ratio of 1.69 and a debt-to-equity ratio of 0.84. The stock’s 50 day moving average is $15.37 and its two-hundred day moving average is $16.55. Par Pacific Holdings, Inc. has a 52-week low of $11.86 and a 52-week high of $40.20.

Par Pacific (NYSE:PARR) last posted its quarterly earnings results on Tuesday, February 25th. The company reported ($0.79) EPS for the quarter, missing analysts’ consensus estimates of ($0.15) by ($0.64). Par Pacific had a return on equity of 10.06% and a net margin of 3.74%. The firm had revenue of $1.83 billion during the quarter, compared to analyst estimates of $1.68 billion. Analysts predict that Par Pacific Holdings, Inc. will post 0.15 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

PARR has been the subject of a number of analyst reports. The Goldman Sachs Group upgraded shares of Par Pacific from a “neutral” rating to a “buy” rating and upped their price objective for the stock from $18.00 to $19.00 in a research report on Thursday. JPMorgan Chase & Co. reduced their price objective on shares of Par Pacific from $27.00 to $26.00 and set an “overweight” rating for the company in a research report on Thursday, January 16th. Mizuho cut Par Pacific from an “outperform” rating to a “neutral” rating and dropped their target price for the stock from $26.00 to $22.00 in a research report on Monday, December 16th. Raymond James assumed coverage on Par Pacific in a research note on Friday, January 24th. They set an “outperform” rating and a $25.00 target price for the company. Finally, Piper Sandler reduced their target price on Par Pacific from $25.00 to $21.00 and set an “overweight” rating for the company in a report on Friday, March 7th. 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 stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $22.71.

Par Pacific Company 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.