Par Pacific Holdings, Inc. (NYSE:PARR) Shares Sold by Boston Partners

Boston Partners reduced its holdings in Par Pacific Holdings, Inc. (NYSE:PARR) by 1.4% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,083,595 shares of the company’s stock after selling 14,941 shares during the quarter. Boston Partners owned approximately 1.87% of Par Pacific worth $39,369,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently added to or reduced their stakes in the business. Hennessy Advisors Inc. acquired a new stake in Par Pacific during the fourth quarter worth about $26,128,000. Goldman Sachs Group Inc. increased its stake in Par Pacific by 28.0% during the fourth quarter. Goldman Sachs Group Inc. now owns 1,227,239 shares of the company’s stock worth $44,635,000 after acquiring an additional 268,219 shares during the last quarter. Thomist Capital Management LP increased its stake in Par Pacific by 176.2% during the first quarter. Thomist Capital Management LP now owns 372,866 shares of the company’s stock worth $13,818,000 after acquiring an additional 237,844 shares during the last quarter. Allianz Asset Management GmbH grew its stake in shares of Par Pacific by 61.3% in the fourth quarter. Allianz Asset Management GmbH now owns 357,255 shares of the company’s stock valued at $12,993,000 after buying an additional 135,730 shares in the last quarter. Finally, Yaupon Capital Management LP grew its stake in shares of Par Pacific by 31.8% in the first quarter. Yaupon Capital Management LP now owns 520,621 shares of the company’s stock valued at $19,294,000 after buying an additional 125,747 shares in the last quarter. 92.15% of the stock is currently owned by institutional investors and hedge funds.

Par Pacific Stock Down 5.6 %

PARR traded down $1.43 on Friday, reaching $24.17. The company’s stock had a trading volume of 1,011,198 shares, compared to its average volume of 791,443. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.28 and a quick ratio of 0.50. The business’s 50 day moving average is $24.95 and its 200 day moving average is $31.45. Par Pacific Holdings, Inc. has a 1 year low of $22.77 and a 1 year high of $40.69. The stock has a market cap of $1.40 billion, a price-to-earnings ratio of 3.03 and a beta of 2.00.

Par Pacific (NYSE:PARR) last released its earnings results on Monday, May 6th. The company reported $0.69 EPS for the quarter, missing analysts’ consensus estimates of $0.75 by ($0.06). Par Pacific had a return on equity of 35.02% and a net margin of 5.71%. The firm had revenue of $1.98 billion for the quarter, compared to the consensus estimate of $2.12 billion. As a group, research analysts forecast that Par Pacific Holdings, Inc. will post 1.5 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

PARR has been the subject of a number of recent research reports. JPMorgan Chase & Co. lowered their target price on Par Pacific from $38.00 to $36.00 and set a “neutral” rating for the company in a research note on Tuesday, July 2nd. The Goldman Sachs Group lowered their target price on Par Pacific from $37.00 to $32.00 and set a “neutral” rating for the company in a research note on Wednesday. TD Cowen lowered their target price on Par Pacific from $42.00 to $36.00 and set a “buy” rating for the company in a research note on Tuesday, June 25th. Piper Sandler lowered their target price on Par Pacific from $43.00 to $37.00 and set an “overweight” rating for the company in a research note on Friday, June 14th. Finally, Mizuho initiated coverage on Par Pacific in a research note on Wednesday, July 17th. They issued an “outperform” rating and a $33.00 target price for the company. Four research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat, Par Pacific has an average rating of “Hold” and a consensus target price of $35.17.

About Par Pacific

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.