JPMorgan Chase & Co. Purchases 17,041 Shares of Par Pacific Holdings, Inc. (NYSE:PARR)

JPMorgan Chase & Co. increased its position in Par Pacific Holdings, Inc. (NYSE:PARR) by 11.7% during the fourth quarter, Holdings Channel reports. The firm owned 163,247 shares of the company’s stock after buying an additional 17,041 shares during the quarter. JPMorgan Chase & Co.’s holdings in Par Pacific were worth $2,676,000 as of its most recent filing with the SEC.

Several other hedge funds have also bought and sold shares of the company. GAMMA Investing LLC increased its holdings in shares of Par Pacific by 232.5% in the fourth quarter. GAMMA Investing LLC now owns 1,669 shares of the company’s stock valued at $27,000 after purchasing an additional 1,167 shares during the last quarter. US Bancorp DE boosted its holdings in shares of Par Pacific by 55.7% during the 4th quarter. US Bancorp DE now owns 1,823 shares of the company’s stock worth $30,000 after buying an additional 652 shares during the period. Nisa Investment Advisors LLC grew 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 valued at $42,000 after buying an additional 700 shares during the last quarter. Allworth Financial LP raised its holdings in Par Pacific by 4,804.2% in the 4th quarter. Allworth Financial LP now owns 8,141 shares of the company’s stock valued at $139,000 after acquiring an additional 7,975 shares during the period. Finally, Proficio Capital Partners LLC acquired a new stake in Par Pacific during the fourth quarter worth approximately $236,000. 92.15% of the stock is currently owned by institutional investors and hedge funds.

Par Pacific Price Performance

PARR stock opened at $13.97 on Wednesday. The company’s 50-day moving average price is $13.99 and its two-hundred day moving average price is $15.91. The firm has a market cap of $759.28 million, a P/E ratio of 2.71 and a beta of 1.64. 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 12 month low of $11.86 and a 12 month high of $33.08.

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

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on PARR. The Goldman Sachs Group upgraded Par Pacific from a “neutral” rating to a “buy” rating and increased their target price for the stock from $18.00 to $19.00 in a research note on Thursday, March 27th. Raymond James began coverage on shares of Par Pacific in a research report on Friday, January 24th. They issued an “outperform” rating and a $25.00 target price for the company. StockNews.com lowered shares of Par Pacific from a “hold” rating to a “sell” rating in a research report on Friday, February 28th. JPMorgan Chase & Co. cut their price objective on shares of Par Pacific from $27.00 to $26.00 and set an “overweight” rating for the company in a report on Thursday, January 16th. Finally, UBS Group decreased their target price on shares of Par Pacific from $20.00 to $14.75 and set a “neutral” rating on the stock in a research report on Wednesday, April 16th. One equities research 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, Par Pacific has a consensus rating of “Hold” and an average price target of $20.68.

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.