Par Pacific Holdings, Inc. (NYSE:PARR) Stake Boosted by Empowered Funds LLC

Empowered Funds LLC raised its holdings in shares of Par Pacific Holdings, Inc. (NYSE:PARR) by 5.1% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 313,768 shares of the company’s stock after purchasing an additional 15,240 shares during the period. Empowered Funds LLC owned about 0.56% of Par Pacific worth $5,143,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently modified their holdings of the business. Harbor Capital Advisors Inc. grew its stake in Par Pacific by 160.2% during the 3rd quarter. Harbor Capital Advisors Inc. now owns 513,254 shares of the company’s stock worth $9,033,000 after buying an additional 315,967 shares during the last quarter. Walleye Capital LLC grew its position in shares of Par Pacific by 1,014.3% during the third quarter. Walleye Capital LLC now owns 273,868 shares of the company’s stock worth $4,820,000 after acquiring an additional 249,290 shares during the last quarter. State Street Corp increased its holdings in shares of Par Pacific by 10.5% in the 3rd quarter. State Street Corp now owns 3,461,282 shares of the company’s stock worth $60,919,000 after acquiring an additional 328,325 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in Par Pacific by 7.4% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 127,732 shares of the company’s stock valued at $2,248,000 after purchasing an additional 8,844 shares during the last quarter. Finally, Algert Global LLC boosted its stake in Par Pacific by 63.8% during the 3rd 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. 92.15% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

PARR has been the topic of several analyst reports. 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 on the stock. StockNews.com raised Par Pacific from a “sell” rating to a “hold” rating in a research note on Thursday, November 14th. Mizuho lowered Par Pacific from an “outperform” rating to a “neutral” rating and lowered their price target for the company from $26.00 to $22.00 in a report on Monday, December 16th. JPMorgan Chase & Co. cut their price objective on shares of Par Pacific from $27.00 to $26.00 and set an “overweight” rating on the stock in a research note on Thursday, January 16th. Finally, The Goldman Sachs Group decreased their target price on shares of Par Pacific from $23.00 to $20.00 and set a “neutral” rating for the company in a research report on Friday, January 31st. Seven analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to MarketBeat.com, Par Pacific presently has a consensus rating of “Hold” and a consensus target price of $25.29.

Par Pacific Stock Performance

NYSE:PARR opened at $17.29 on Wednesday. The company has a 50-day moving average of $16.82 and a 200-day moving average of $18.47. The firm has a market cap of $967.30 million, a price-to-earnings ratio of 3.35 and a beta of 1.99. 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 Holdings, Inc. has a twelve month low of $14.84 and a twelve month high of $40.69.

Insider Activity at Par Pacific

In other Par Pacific news, Director William Pate sold 67,700 shares of the company’s stock in a transaction on Thursday, December 12th. The stock was sold at an average price of $16.22, for a total value of $1,098,094.00. Following the transaction, the director now owns 524,610 shares of the company’s stock, valued at approximately $8,509,174.20. This represents a 11.43 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 4.40% of the company’s stock.

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.