Par Pacific Holdings, Inc. (NYSE:PARR) Shares Purchased by Bailard Inc.

Bailard Inc. boosted its position in Par Pacific Holdings, Inc. (NYSE:PARR) by 79.4% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 18,300 shares of the company’s stock after buying an additional 8,100 shares during the period. Bailard Inc.’s holdings in Par Pacific were worth $666,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors also recently bought and sold shares of the company. Jacobs Levy Equity Management Inc. boosted its holdings in shares of Par Pacific by 14.2% in the third quarter. Jacobs Levy Equity Management Inc. now owns 1,243,068 shares of the company’s stock valued at $44,676,000 after acquiring an additional 154,571 shares in the last quarter. Boston Partners boosted its holdings in Par Pacific by 6.6% in the 3rd quarter. Boston Partners now owns 1,127,022 shares of the company’s stock valued at $40,016,000 after purchasing an additional 69,475 shares in the last quarter. American Century Companies Inc. boosted its holdings in Par Pacific by 14.6% in the 3rd quarter. American Century Companies Inc. now owns 727,232 shares of the company’s stock valued at $26,137,000 after purchasing an additional 92,537 shares in the last quarter. Charles Schwab Investment Management Inc. increased its position in Par Pacific by 2.7% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 635,744 shares of the company’s stock worth $22,849,000 after purchasing an additional 16,650 shares during the period. Finally, Fuller & Thaler Asset Management Inc. lifted its holdings in shares of Par Pacific by 8.7% in the 3rd quarter. Fuller & Thaler Asset Management Inc. now owns 472,999 shares of the company’s stock valued at $17,000,000 after buying an additional 37,859 shares during the period. 92.15% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, insider Jeffrey Ryan Hollis sold 4,700 shares of Par Pacific stock in a transaction on Wednesday, March 13th. The stock was sold at an average price of $37.39, for a total value of $175,733.00. Following the transaction, the insider now owns 13,176 shares in the company, valued at $492,650.64. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In other news, insider Jeffrey Ryan Hollis sold 4,700 shares of the stock in a transaction on Wednesday, March 13th. The shares were sold at an average price of $37.39, for a total value of $175,733.00. Following the completion of the sale, the insider now owns 13,176 shares of the company’s stock, valued at $492,650.64. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CAO Ivan Daniel Guerra sold 6,000 shares of the firm’s stock in a transaction on Wednesday, March 13th. The shares were sold at an average price of $37.49, for a total transaction of $224,940.00. Following the completion of the transaction, the chief accounting officer now directly owns 16,200 shares in the company, valued at approximately $607,338. The disclosure for this sale can be found here. Corporate insiders own 4.40% of the company’s stock.

Par Pacific Price Performance

Par Pacific stock opened at $32.40 on Friday. The firm’s 50-day moving average is $36.34 and its two-hundred day moving average is $35.25. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.30 and a quick ratio of 0.54. The stock has a market capitalization of $1.92 billion, a P/E ratio of 2.71 and a beta of 1.95. Par Pacific Holdings, Inc. has a 12-month low of $20.30 and a 12-month high of $40.69.

Par Pacific (NYSE:PARR) last released its earnings results on Tuesday, February 27th. The company reported $1.08 EPS for the quarter, missing the consensus estimate of $1.11 by ($0.03). Par Pacific had a return on equity of 47.63% and a net margin of 8.85%. The firm had revenue of $2.18 billion during the quarter, compared to analysts’ expectations of $2.45 billion. Equities analysts predict that Par Pacific Holdings, Inc. will post 4.56 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on PARR. StockNews.com cut shares of Par Pacific from a “buy” rating to a “hold” rating in a research note on Monday, March 4th. Piper Sandler raised their price target on Par Pacific from $43.00 to $47.00 and gave the stock an “overweight” rating in a research report on Friday, April 5th. Three investment analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to MarketBeat, the company presently has an average rating of “Hold” and an average target price of $36.75.

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.