Par Pacific (NYSE:PARR) EVP Richard Creamer Sells 15,848 Shares

Par Pacific Holdings, Inc. (NYSE:PARR) EVP Richard Creamer sold 15,848 shares of the firm’s stock in a transaction that occurred on Thursday, November 6th. The stock was sold at an average price of $41.22, for a total transaction of $653,254.56. Following the sale, the executive vice president directly owned 54,654 shares of the company’s stock, valued at approximately $2,252,837.88. The trade was a 22.48% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink.

Par Pacific Price Performance

NYSE PARR traded up $0.56 during trading hours on Friday, reaching $41.31. 58,082 shares of the company’s stock were exchanged, compared to its average volume of 1,381,692. The firm has a fifty day moving average of $36.32 and a 200-day moving average of $29.24. The company has a current ratio of 1.42, a quick ratio of 0.56 and a debt-to-equity ratio of 0.97. Par Pacific Holdings, Inc. has a one year low of $11.86 and a one year high of $41.82. The stock has a market cap of $2.10 billion, a PE ratio of -147.52 and a beta of 1.74.

Par Pacific (NYSE:PARR) last announced its earnings results on Tuesday, November 4th. The company reported $5.95 earnings per share for the quarter, beating analysts’ consensus estimates of $1.98 by $3.97. Par Pacific had a negative return on equity of 1.79% and a negative net margin of 0.25%.The company had revenue of $2.01 billion during the quarter, compared to analyst estimates of $1.72 billion. During the same period last year, the company posted ($0.10) earnings per share. The firm’s quarterly revenue was down 6.1% compared to the same quarter last year. On average, equities research analysts predict that Par Pacific Holdings, Inc. will post 0.15 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of equities research analysts recently commented on PARR shares. Mizuho upped their price objective on Par Pacific from $34.00 to $40.00 and gave the company a “neutral” rating in a report on Monday, September 15th. Zacks Research upgraded shares of Par Pacific from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, October 22nd. Cowen reiterated a “buy” rating on shares of Par Pacific in a report on Thursday, August 7th. Piper Sandler increased their target price on Par Pacific from $39.00 to $44.00 and gave the stock an “overweight” rating in a research note on Thursday, September 11th. Finally, Wall Street Zen upgraded shares of Par Pacific from a “buy” rating to a “strong-buy” rating in a report on Saturday, September 13th. Two research analysts have rated the stock with a Strong Buy rating, six have given a Buy rating and four have assigned a Hold rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $38.29.

Institutional Investors Weigh In On Par Pacific

Several hedge funds have recently added to or reduced their stakes in PARR. JPMorgan Chase & Co. lifted its position in Par Pacific by 23.1% during the third quarter. JPMorgan Chase & Co. now owns 565,772 shares of the company’s stock worth $20,040,000 after acquiring an additional 106,131 shares during the last quarter. Public Sector Pension Investment Board grew its stake in shares of Par Pacific by 6.0% in the third quarter. Public Sector Pension Investment Board now owns 397,217 shares of the company’s stock valued at $14,069,000 after acquiring an additional 22,338 shares in the last quarter. Illinois Municipal Retirement Fund increased its position in Par Pacific by 1.7% during the third quarter. Illinois Municipal Retirement Fund now owns 28,078 shares of the company’s stock worth $995,000 after acquiring an additional 471 shares during the period. LSV Asset Management acquired a new stake in Par Pacific in the 3rd quarter worth about $3,638,000. Finally, Rhumbline Advisers boosted its holdings in Par Pacific by 2.8% in the 3rd quarter. Rhumbline Advisers now owns 169,052 shares of the company’s stock valued at $5,988,000 after purchasing an additional 4,648 shares during the period. Institutional investors and hedge funds own 92.15% of the company’s stock.

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.