FORA Capital LLC Acquires New Holdings in Par Pacific Holdings, Inc. (NYSE:PARR)

FORA Capital LLC acquired a new stake in shares of Par Pacific Holdings, Inc. (NYSE:PARR) during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 17,777 shares of the company’s stock, valued at approximately $313,000.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Harbor Capital Advisors Inc. raised its position in shares of Par Pacific by 160.2% in the third quarter. Harbor Capital Advisors Inc. now owns 513,254 shares of the company’s stock valued at $9,033,000 after purchasing an additional 315,967 shares during the period. WINTON GROUP Ltd raised its position in shares of Par Pacific by 802.8% in the second quarter. WINTON GROUP Ltd now owns 134,185 shares of the company’s stock valued at $3,388,000 after purchasing an additional 119,321 shares during the period. Creative Planning raised its position in shares of Par Pacific by 246.2% in the third quarter. Creative Planning now owns 33,014 shares of the company’s stock valued at $581,000 after purchasing an additional 23,478 shares during the period. Quest Partners LLC raised its position in shares of Par Pacific by 908.1% in the third quarter. Quest Partners LLC now owns 59,780 shares of the company’s stock valued at $1,052,000 after purchasing an additional 53,850 shares during the period. Finally, Algert Global LLC raised its position in shares of Par Pacific by 63.8% in the third quarter. Algert Global LLC now owns 303,970 shares of the company’s stock valued at $5,350,000 after purchasing an additional 118,393 shares during the period. Institutional investors own 92.15% of the company’s stock.

Par Pacific Trading Up 0.2 %

Shares of Par Pacific stock opened at $17.43 on Friday. The company’s fifty day moving average price is $17.30 and its two-hundred day moving average price is $21.67. The firm has a market capitalization of $975.21 million, a PE ratio of 3.38 and a beta of 1.99. Par Pacific Holdings, Inc. has a 52-week low of $14.84 and a 52-week high of $40.69. The company has a debt-to-equity ratio of 0.84, a current ratio of 1.69 and a quick ratio of 0.66.

Par Pacific (NYSE:PARR) last posted its earnings results on Monday, November 4th. The company reported ($0.10) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.12) by $0.02. The business had revenue of $2.14 billion for the quarter, compared to analysts’ expectations of $1.88 billion. Par Pacific had a net margin of 3.74% and a return on equity of 10.06%. The firm’s revenue for the quarter was down 16.9% on a year-over-year basis. During the same quarter in the previous year, the firm posted $3.15 earnings per share. On average, analysts expect that Par Pacific Holdings, Inc. will post 0.95 EPS for the current year.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on PARR. The Goldman Sachs Group dropped their price target on shares of Par Pacific from $32.00 to $28.00 and set a “neutral” rating on the stock in a research report on Wednesday, October 9th. Tudor, Pickering, Holt & Co. lowered shares of Par Pacific from a “buy” rating to a “hold” rating in a research report on Monday, September 9th. Mizuho lowered their price objective on shares of Par Pacific from $28.00 to $26.00 and set an “outperform” rating on the stock in a research note on Wednesday, October 9th. JPMorgan Chase & Co. upgraded shares of Par Pacific from a “neutral” rating to an “overweight” rating and lowered their price objective for the stock from $36.00 to $30.00 in a research note on Wednesday, October 2nd. Finally, UBS Group lowered their price objective on shares of Par Pacific from $40.00 to $29.00 and set a “neutral” rating on the stock in a research note on Monday, August 19th. Six investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to data from MarketBeat, Par Pacific currently has a consensus rating of “Hold” and a consensus price target of $28.00.

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.