Deutsche Bank AG Decreases Holdings in Par Pacific Holdings, Inc. (NYSE:PARR)

Deutsche Bank AG cut its holdings in Par Pacific Holdings, Inc. (NYSE:PARR) by 11.6% in the 4th quarter, HoldingsChannel.com reports. The firm owned 312,977 shares of the company’s stock after selling 40,939 shares during the period. Deutsche Bank AG’s holdings in Par Pacific were worth $5,130,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Charles Schwab Investment Management Inc. boosted its position in Par Pacific by 22.6% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 909,220 shares of the company’s stock valued at $14,902,000 after buying an additional 167,594 shares during the period. Sanctuary Advisors LLC boosted its position in Par Pacific by 126.2% during the 4th quarter. Sanctuary Advisors LLC now owns 49,256 shares of the company’s stock valued at $843,000 after acquiring an additional 27,480 shares in the last quarter. Barclays PLC boosted its position in shares of Par Pacific by 10.1% during the third quarter. Barclays PLC now owns 469,640 shares of the company’s stock valued at $8,265,000 after purchasing an additional 42,930 shares in the last quarter. Yorktown Management & Research Co Inc bought a new stake in shares of Par Pacific during the 4th quarter valued at $415,000. Finally, Empowered Funds LLC boosted its stake in Par Pacific by 5.1% during the fourth quarter. Empowered Funds LLC now owns 313,768 shares of the company’s stock worth $5,143,000 after acquiring an additional 15,240 shares in the last quarter. Institutional investors own 92.15% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on PARR shares. Raymond James began coverage on Par Pacific in a report on Friday, January 24th. They issued an “outperform” rating and a $25.00 target price on the stock. UBS Group dropped their target price on shares of Par Pacific from $20.00 to $14.75 and set a “neutral” rating on the stock in a report on Wednesday, April 16th. StockNews.com downgraded Par Pacific from a “hold” rating to a “sell” rating in a research note on Friday, February 28th. Piper Sandler upped their price objective on Par Pacific from $21.00 to $26.00 and gave the stock an “overweight” rating in a research note on Thursday, May 8th. Finally, TD Cowen reduced their target price on shares of Par Pacific from $21.00 to $17.00 and set a “buy” rating for the company in a report on Thursday, February 27th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $21.25.

Par Pacific Stock Up 0.4%

Shares of PARR stock opened at $20.66 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. The stock has a market cap of $1.07 billion, a P/E ratio of 4.00 and a beta of 1.50. Par Pacific Holdings, Inc. has a 52 week low of $11.86 and a 52 week high of $28.89. The company’s fifty day simple moving average is $14.72 and its two-hundred day simple moving average is $15.79.

Par Pacific (NYSE:PARR) last released its quarterly earnings results 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 for the quarter, compared to analysts’ expectations of $1.49 billion. During the same period in the previous year, the company earned $0.69 EPS. Par Pacific’s revenue for the quarter was down 11.9% compared to the same quarter last year. Analysts predict that Par Pacific Holdings, Inc. will post 0.15 EPS for the current fiscal year.

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.