Versor Investments LP Invests $627,000 in Par Pacific Holdings, Inc. $PARR

Versor Investments LP acquired a new stake in shares of Par Pacific Holdings, Inc. (NYSE:PARR) during the third quarter, HoldingsChannel.com reports. The institutional investor acquired 17,700 shares of the company’s stock, valued at approximately $627,000.

Other large investors have also added to or reduced their stakes in the company. Nisa Investment Advisors LLC lifted its position in shares of Par Pacific by 16.2% during the third quarter. Nisa Investment Advisors LLC now owns 1,855 shares of the company’s stock valued at $66,000 after buying an additional 259 shares during the last quarter. Wealth Enhancement Advisory Services LLC raised its stake in shares of Par Pacific by 1.6% during the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 16,948 shares of the company’s stock worth $596,000 after acquiring an additional 266 shares in the last quarter. Smartleaf Asset Management LLC raised its stake in shares of Par Pacific by 12.5% during the 3rd quarter. Smartleaf Asset Management LLC now owns 2,633 shares of the company’s stock worth $94,000 after acquiring an additional 293 shares in the last quarter. Ethic Inc. lifted its position in Par Pacific by 1.9% during the second quarter. Ethic Inc. now owns 21,801 shares of the company’s stock valued at $580,000 after acquiring an additional 396 shares during the last quarter. Finally, GAMMA Investing LLC boosted its stake in Par Pacific by 4.9% in the third quarter. GAMMA Investing LLC now owns 15,405 shares of the company’s stock valued at $546,000 after acquiring an additional 713 shares in the last quarter. 92.15% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on the company. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Par Pacific in a research report on Monday, December 29th. Zacks Research lowered Par Pacific from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, December 16th. UBS Group raised their price target on Par Pacific from $37.00 to $40.00 and gave the stock a “neutral” rating in a report on Wednesday, November 5th. Wall Street Zen downgraded shares of Par Pacific from a “strong-buy” rating to a “buy” rating in a report on Saturday, February 7th. Finally, Tudor Pickering raised shares of Par Pacific from a “hold” rating to a “buy” rating in a research report on Thursday, November 6th. Four analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $44.00.

Insider Transactions at Par Pacific

In other Par Pacific news, CEO William Monteleone sold 99,284 shares of the firm’s stock in a transaction that occurred on Friday, November 21st. The shares were sold at an average price of $43.15, for a total transaction of $4,284,104.60. Following the completion of the transaction, the chief executive officer directly owned 423,022 shares of the company’s stock, valued at approximately $18,253,399.30. This trade represents a 19.01% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Corporate insiders own 4.40% of the company’s stock.

Par Pacific Trading Up 0.5%

Shares of NYSE:PARR opened at $42.47 on Thursday. The company has a quick ratio of 0.48, a current ratio of 1.51 and a debt-to-equity ratio of 0.70. Par Pacific Holdings, Inc. has a 52-week low of $11.86 and a 52-week high of $48.40. The stock has a market cap of $2.14 billion, a price-to-earnings ratio of 8.94 and a beta of 1.23. The business has a 50-day moving average price of $38.23 and a 200-day moving average price of $37.02.

About Par Pacific

Par Pacific Holdings, Inc (NYSE: PARR) is a diversified downstream energy company engaged in the refining, marketing and logistics of petroleum products. Through its subsidiaries, Par Pacific operates the Par Hawaii Refinery on the island of Oʻahu, which processes crude oil into transportation fuels such as gasoline, diesel and jet fuel, as well as asphalt, petroleum coke and sulfur. In the Rocky Mountain region, the company owns and operates the Salt Lake City Refinery in Utah and associated logistics infrastructure, including pipelines and storage terminals, to support both crude supply and product distribution.

In marketing its refined products, Par Pacific maintains a network of branded and unbranded wholesale accounts across Hawaii and the U.S.