William Pate Sells 67,700 Shares of Par Pacific Holdings, Inc. (NYSE:PARR) Stock

Par Pacific Holdings, Inc. (NYSE:PARR) Director William Pate sold 67,700 shares of the business’s stock in a transaction on Thursday, December 12th. The stock was sold at an average price of $16.22, for a total transaction of $1,098,094.00. Following the transaction, the director now directly owns 524,610 shares of the company’s stock, valued at approximately $8,509,174.20. This represents a 11.43 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Par Pacific Stock Performance

PARR stock traded up $0.32 during midday trading on Friday, hitting $16.46. The stock had a trading volume of 693,799 shares, compared to its average volume of 902,632. Par Pacific Holdings, Inc. has a 52 week low of $14.84 and a 52 week high of $40.69. The company has a current ratio of 1.69, a quick ratio of 0.66 and a debt-to-equity ratio of 0.84. The stock has a 50-day simple moving average of $16.99 and a 200 day simple moving average of $20.87. The firm has a market capitalization of $920.97 million, a price-to-earnings ratio of 3.19 and a beta of 1.99.

Par Pacific (NYSE:PARR) last issued its earnings results on Monday, November 4th. The company reported ($0.10) earnings per share for the quarter, beating the consensus estimate of ($0.12) by $0.02. The business had revenue of $2.14 billion for the quarter, compared to analyst estimates 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 was down 16.9% on a year-over-year basis. During the same period in the previous year, the business earned $3.15 EPS. As a group, equities research analysts anticipate that Par Pacific Holdings, Inc. will post 0.83 earnings per share for the current year.

Analysts Set New Price Targets

A number of equities analysts have recently commented on the company. The Goldman Sachs Group dropped their price objective on Par Pacific from $32.00 to $28.00 and set a “neutral” rating on the stock in a research note on Wednesday, October 9th. UBS Group cut their price target on Par Pacific from $40.00 to $29.00 and set a “neutral” rating for the company in a report on Monday, August 19th. StockNews.com raised Par Pacific from a “sell” rating to a “hold” rating in a research report on Thursday, November 14th. JPMorgan Chase & Co. raised shares of Par Pacific from a “neutral” rating to an “overweight” rating and dropped their target price for the stock from $36.00 to $30.00 in a research report on Wednesday, October 2nd. Finally, Tudor Pickering raised shares of Par Pacific to a “hold” rating in a report on Monday, September 9th. Six equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. Based on data from MarketBeat, Par Pacific presently has a consensus rating of “Hold” and an average target price of $28.00.

Hedge Funds Weigh In On Par Pacific

Hedge funds have recently modified their holdings of the stock. Harbor Capital Advisors Inc. grew its position in 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 acquiring an additional 315,967 shares during the period. WINTON GROUP Ltd grew its holdings in shares of Par Pacific by 802.8% in the 2nd quarter. WINTON GROUP Ltd now owns 134,185 shares of the company’s stock worth $3,388,000 after purchasing an additional 119,321 shares during the last quarter. Walleye Capital LLC increased its position in shares of Par Pacific by 1,014.3% during the 3rd quarter. Walleye Capital LLC now owns 273,868 shares of the company’s stock worth $4,820,000 after purchasing an additional 249,290 shares in the last quarter. Algert Global LLC boosted its position in 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 buying an additional 118,393 shares in the last quarter. Finally, Creative Planning grew its stake in Par Pacific by 246.2% during the third quarter. Creative Planning now owns 33,014 shares of the company’s stock worth $581,000 after buying an additional 23,478 shares during the last quarter. 92.15% of the stock is owned by institutional investors and hedge funds.

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.