Guggenheim Capital LLC Purchases Shares of 14,600 Par Pacific Holdings, Inc. (NYSE:PARR)

Guggenheim Capital LLC purchased a new stake in Par Pacific Holdings, Inc. (NYSE:PARR) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 14,600 shares of the company’s stock, valued at approximately $239,000.

A number of other hedge funds also recently made changes to their positions in PARR. Barclays PLC lifted its holdings in shares of Par Pacific by 53.0% during the 4th quarter. Barclays PLC now owns 718,688 shares of the company’s stock worth $11,779,000 after acquiring an additional 249,048 shares during the last quarter. CenterBook Partners LP bought a new stake in shares of Par Pacific during the 4th quarter worth $2,894,000. Charles Schwab Investment Management Inc. lifted its holdings in shares of Par Pacific by 22.6% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 909,220 shares of the company’s stock worth $14,902,000 after acquiring an additional 167,594 shares during the last quarter. Norges Bank bought a new stake in shares of Par Pacific during the 4th quarter worth $2,573,000. Finally, Rangeley Capital LLC bought a new stake in shares of Par Pacific during the 4th quarter worth $2,116,000. 92.15% of the stock is owned by institutional investors.

Par Pacific Price Performance

Shares of NYSE PARR opened at $14.64 on Tuesday. Par Pacific Holdings, Inc. has a 1 year low of $11.86 and a 1 year high of $32.74. The company has a debt-to-equity ratio of 0.84, a current ratio of 1.69 and a quick ratio of 0.66. The company’s 50-day moving average is $13.88 and its 200 day moving average is $15.79. The stock has a market capitalization of $795.70 million, a P/E ratio of 2.84 and a beta of 1.64.

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

Wall Street Analysts Forecast Growth

PARR has been the subject of a number of research analyst reports. Piper Sandler dropped their price objective on shares of Par Pacific from $25.00 to $21.00 and set an “overweight” rating for the company in a report on Friday, March 7th. JPMorgan Chase & Co. lowered their price target on shares of Par Pacific from $27.00 to $26.00 and set an “overweight” rating for the company in a research note on Thursday, January 16th. Raymond James assumed coverage on shares of Par Pacific in a research note on Friday, January 24th. They issued an “outperform” rating and a $25.00 price target for the company. The Goldman Sachs Group raised shares of Par Pacific from a “neutral” rating to a “buy” rating and boosted their price target for the stock from $18.00 to $19.00 in a research note on Thursday, March 27th. Finally, StockNews.com downgraded shares of Par Pacific from a “hold” rating to a “sell” rating in a research note on Friday, February 28th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat.com, Par Pacific has an average rating of “Hold” and a consensus target price of $20.68.

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.