Par Pacific Holdings, Inc. (NYSE:PARR) Stock Holdings Lifted by Cinctive Capital Management LP

Cinctive Capital Management LP grew its position in Par Pacific Holdings, Inc. (NYSE:PARR) by 67.9% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 152,517 shares of the company’s stock after purchasing an additional 61,668 shares during the period. Cinctive Capital Management LP owned about 0.27% of Par Pacific worth $2,684,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. SummerHaven Investment Management LLC increased its holdings in Par Pacific by 2.0% in the second quarter. SummerHaven Investment Management LLC now owns 28,537 shares of the company’s stock worth $721,000 after buying an additional 563 shares during the last quarter. Simplicity Wealth LLC grew its position in Par Pacific by 5.1% in the second quarter. Simplicity Wealth LLC now owns 13,949 shares of the company’s stock worth $352,000 after acquiring an additional 677 shares in the last quarter. Linden Thomas Advisory Services LLC increased its stake in shares of Par Pacific by 1.6% during the 2nd quarter. Linden Thomas Advisory Services LLC now owns 43,892 shares of the company’s stock worth $1,108,000 after purchasing an additional 703 shares during the last quarter. Headlands Technologies LLC raised its holdings in shares of Par Pacific by 215.1% during the 2nd quarter. Headlands Technologies LLC now owns 1,166 shares of the company’s stock valued at $29,000 after purchasing an additional 796 shares in the last quarter. Finally, State of Alaska Department of Revenue lifted its stake in shares of Par Pacific by 2.6% in the 3rd quarter. State of Alaska Department of Revenue now owns 32,145 shares of the company’s stock valued at $565,000 after purchasing an additional 810 shares during the last quarter. 92.15% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on the stock. The Goldman Sachs Group lowered their target price 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. JPMorgan Chase & Co. raised Par Pacific from a “neutral” rating to an “overweight” rating and lowered their price objective for the company from $36.00 to $30.00 in a report on Wednesday, October 2nd. StockNews.com upgraded Par Pacific from a “sell” rating to a “hold” rating in a report on Thursday, November 14th. Tudor Pickering raised Par Pacific to a “hold” rating in a research report on Monday, September 9th. Finally, Mizuho dropped their price target on shares of Par Pacific from $28.00 to $26.00 and set an “outperform” rating on the stock in a research report on Wednesday, October 9th. Six analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to MarketBeat, the company has an average rating of “Hold” and a consensus price target of $28.00.

Par Pacific Stock Performance

PARR opened at $17.66 on Tuesday. Par Pacific Holdings, Inc. has a 12-month low of $14.84 and a 12-month high of $40.69. The firm has a market capitalization of $988.08 million, a P/E ratio of 3.42 and a beta of 1.99. The stock’s 50 day moving average price is $17.30 and its two-hundred day moving average price is $21.58. The company has a quick ratio of 0.66, a current ratio of 1.69 and a debt-to-equity ratio of 0.84.

Par Pacific (NYSE:PARR) last announced its earnings results on Monday, November 4th. The company reported ($0.10) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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%. Par Pacific’s revenue was down 16.9% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $3.15 earnings per share. On average, equities analysts forecast that Par Pacific Holdings, Inc. will post 0.95 earnings per share for the current year.

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.