Voya Investment Management LLC Decreases Stock Holdings in Par Pacific Holdings, Inc. (NYSE:PARR)

Voya Investment Management LLC reduced its position in shares of Par Pacific Holdings, Inc. (NYSE:PARR) by 10.7% in the 4th quarter, Holdings Channel.com reports. The firm owned 16,455 shares of the company’s stock after selling 1,964 shares during the period. Voya Investment Management LLC’s holdings in Par Pacific were worth $270,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of PARR. Price T Rowe Associates Inc. MD raised its holdings in shares of Par Pacific by 10.1% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 59,812 shares of the company’s stock valued at $981,000 after buying an additional 5,489 shares during the last quarter. MetLife Investment Management LLC grew its position in Par Pacific by 4.8% during the fourth quarter. MetLife Investment Management LLC now owns 34,587 shares of the company’s stock worth $567,000 after buying an additional 1,573 shares during the period. First Trust Advisors LP grew its position in Par Pacific by 57.2% during the fourth quarter. First Trust Advisors LP now owns 239,036 shares of the company’s stock worth $3,918,000 after buying an additional 87,002 shares during the period. Bridgewater Associates LP acquired a new stake in shares of Par Pacific in the fourth quarter valued at approximately $9,293,000. Finally, Guggenheim Capital LLC purchased a new position in shares of Par Pacific during the fourth quarter valued at approximately $239,000. 92.15% of the stock is owned by hedge funds and other institutional investors.

Par Pacific Stock Up 2.6%

Shares of NYSE PARR opened at $18.37 on Tuesday. The firm’s 50-day moving average is $14.17 and its 200-day moving average is $15.68. Par Pacific Holdings, Inc. has a 1 year low of $11.86 and a 1 year high of $29.61. The firm has a market capitalization of $998.16 million, a PE ratio of 3.56 and a beta of 1.50. The company has a current ratio of 1.69, a quick ratio of 0.66 and a debt-to-equity ratio of 0.84.

Par Pacific (NYSE:PARR) last posted its quarterly earnings data on Monday, May 5th. The company reported ($0.94) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.40) by ($0.54). Par Pacific had a net margin of 3.74% and a return on equity of 10.06%. The business had revenue of $1.75 billion during the quarter, compared to analyst estimates of $1.49 billion. During the same quarter last year, the business earned $0.69 earnings per share. Par Pacific’s revenue for the quarter was down 11.9% on a year-over-year basis. Equities analysts expect that Par Pacific Holdings, Inc. will post 0.15 EPS for the current year.

Analyst Upgrades and Downgrades

PARR has been the topic of a number of recent analyst reports. Piper Sandler increased their price target on shares of Par Pacific from $21.00 to $26.00 and gave the stock an “overweight” rating in a research note on Thursday, May 8th. UBS Group dropped their price objective on shares of Par Pacific from $20.00 to $14.75 and set a “neutral” rating for the company in a research report on Wednesday, April 16th. The Goldman Sachs Group raised shares of Par Pacific from a “neutral” rating to a “buy” rating and raised their price objective for the stock from $18.00 to $19.00 in a report on Thursday, March 27th. StockNews.com downgraded shares of Par Pacific from a “hold” rating to a “sell” rating in a research report on Friday, February 28th. Finally, JPMorgan Chase & Co. reduced their price target on shares of Par Pacific from $27.00 to $26.00 and set an “overweight” rating on the stock in a research report on Thursday, January 16th. One investment 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. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $21.39.

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.