Par Pacific Holdings, Inc. (NYSE:PARR) Shares Sold by Harbor Capital Advisors Inc.

Harbor Capital Advisors Inc. trimmed its holdings in shares of Par Pacific Holdings, Inc. (NYSE:PARR) by 2.3% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 501,340 shares of the company’s stock after selling 11,914 shares during the period. Harbor Capital Advisors Inc.’s holdings in Par Pacific were worth $8,217,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently bought and sold shares of PARR. Headlands Technologies LLC grew its holdings in shares of Par Pacific by 215.1% in the 2nd quarter. Headlands Technologies LLC now owns 1,166 shares of the company’s stock worth $29,000 after acquiring an additional 796 shares during the period. State of Alaska Department of Revenue raised its position in Par Pacific by 2.6% during the third quarter. State of Alaska Department of Revenue now owns 32,145 shares of the company’s stock worth $565,000 after acquiring an additional 810 shares during the last quarter. Martingale Asset Management L P lifted its holdings in shares of Par Pacific by 1.9% in the third quarter. Martingale Asset Management L P now owns 48,221 shares of the company’s stock valued at $849,000 after purchasing an additional 921 shares in the last quarter. Simplicity Wealth LLC lifted its holdings in shares of Par Pacific by 6.6% in the third quarter. Simplicity Wealth LLC now owns 14,872 shares of the company’s stock valued at $262,000 after purchasing an additional 923 shares in the last quarter. Finally, GAMMA Investing LLC grew its position in shares of Par Pacific by 232.5% in the fourth quarter. GAMMA Investing LLC now owns 1,669 shares of the company’s stock valued at $27,000 after purchasing an additional 1,167 shares during the last quarter. Institutional investors and hedge funds own 92.15% of the company’s stock.

Insider Buying and Selling at Par Pacific

In other news, Director William Pate sold 67,700 shares of the company’s stock in a transaction on Thursday, December 12th. The shares were sold at an average price of $16.22, for a total value of $1,098,094.00. Following the completion of the transaction, the director now directly owns 524,610 shares in the company, valued at approximately $8,509,174.20. This represents a 11.43 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 4.40% of the stock is currently owned by corporate insiders.

Par Pacific Trading Up 3.5 %

Shares of PARR stock traded up $0.59 on Friday, reaching $17.52. 348,999 shares of the stock were exchanged, compared to its average volume of 693,860. The company has a quick ratio of 0.66, a current ratio of 1.69 and a debt-to-equity ratio of 0.84. The stock has a market cap of $980.28 million, a P/E ratio of 3.40 and a beta of 2.00. The firm has a 50 day moving average of $16.57 and a two-hundred day moving average of $19.67. Par Pacific Holdings, Inc. has a 1-year low of $14.84 and a 1-year high of $40.69.

Par Pacific (NYSE:PARR) last released its quarterly earnings data on Monday, November 4th. The company reported ($0.10) EPS for the quarter, topping analysts’ consensus estimates of ($0.12) by $0.02. Par Pacific had a return on equity of 10.06% and a net margin of 3.74%. The company had revenue of $2.14 billion for the quarter, compared to the consensus estimate of $1.88 billion. During the same period last year, the business posted $3.15 EPS. The company’s quarterly revenue was down 16.9% compared to the same quarter last year. On average, research analysts anticipate that Par Pacific Holdings, Inc. will post 1.12 EPS for the current year.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on PARR shares. JPMorgan Chase & Co. upgraded Par Pacific from a “neutral” rating to an “overweight” rating and cut their price objective for the stock from $36.00 to $30.00 in a research report on Wednesday, October 2nd. Mizuho lowered Par Pacific from an “outperform” rating to a “neutral” rating and decreased their price objective for the company from $26.00 to $22.00 in a research note on Monday, December 16th. StockNews.com raised shares of Par Pacific from a “sell” rating to a “hold” rating in a research note on Thursday, November 14th. The Goldman Sachs Group lowered their price target on shares of Par Pacific from $26.00 to $23.00 and set a “neutral” rating for the company in a report on Thursday, December 19th. Finally, Piper Sandler downgraded shares of Par Pacific from an “overweight” rating to a “neutral” rating and reduced their price objective for the company from $37.00 to $23.00 in a research note on Friday, September 20th. Seven equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $26.50.

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.