OMERS ADMINISTRATION Corp Acquires 15,400 Shares of Par Pacific Holdings, Inc. $PARR

OMERS ADMINISTRATION Corp boosted its stake in shares of Par Pacific Holdings, Inc. (NYSE:PARR) by 88.2% in the 1st quarter, HoldingsChannel.com reports. The firm owned 32,863 shares of the company’s stock after buying an additional 15,400 shares during the quarter. OMERS ADMINISTRATION Corp’s holdings in Par Pacific were worth $2,059,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of PARR. LMG Wealth Partners LLC acquired a new stake in Par Pacific in the 4th quarter valued at about $760,000. Massachusetts Financial Services Co. MA lifted its position in Par Pacific by 105.8% during the fourth quarter. Massachusetts Financial Services Co. MA now owns 65,235 shares of the company’s stock worth $2,292,000 after acquiring an additional 33,537 shares during the last quarter. BNP Paribas Financial Markets grew its holdings in Par Pacific by 22.5% in the 4th quarter. BNP Paribas Financial Markets now owns 506,872 shares of the company’s stock valued at $17,811,000 after buying an additional 93,249 shares in the last quarter. Jackson Creek Investment Advisors LLC increased its holdings in shares of Par Pacific by 325.0% during the fourth quarter. Jackson Creek Investment Advisors LLC now owns 51,431 shares of the company’s stock worth $1,807,000 after purchasing an additional 39,329 shares during the period. Finally, Hillsdale Investment Management Inc. acquired a new position in Par Pacific in the 4th quarter valued at $6,985,000. 92.15% of the stock is currently owned by institutional investors.

Par Pacific Stock Performance

NYSE PARR opened at $79.34 on Wednesday. The company has a market capitalization of $3.98 billion, a price-to-earnings ratio of 8.85 and a beta of 0.82. Par Pacific Holdings, Inc. has a twelve month low of $26.83 and a twelve month high of $82.29. The stock has a fifty day simple moving average of $61.51 and a 200 day simple moving average of $55.04. The company has a quick ratio of 0.60, a current ratio of 1.62 and a debt-to-equity ratio of 0.63.

Par Pacific (NYSE:PARR) last announced its earnings results on Tuesday, May 5th. The company reported $0.78 EPS for the quarter, missing the consensus estimate of $1.00 by ($0.22). The company had revenue of $1.82 billion during the quarter, compared to the consensus estimate of $1.78 billion. Par Pacific had a net margin of 6.02% and a return on equity of 34.38%. The business’s revenue was up 4.5% on a year-over-year basis. During the same quarter in the previous year, the company earned ($0.94) earnings per share. Sell-side analysts expect that Par Pacific Holdings, Inc. will post 18.6 EPS for the current year.

Analyst Ratings Changes

Several research analysts have commented on the stock. JPMorgan Chase & Co. boosted their price objective on shares of Par Pacific from $48.00 to $77.00 and gave the company an “overweight” rating in a research report on Wednesday, April 8th. Raymond James Financial lifted their price target on Par Pacific from $80.00 to $85.00 and gave the company an “outperform” rating in a research note on Monday, July 13th. Piper Sandler boosted their price target on Par Pacific from $63.00 to $72.00 and gave the stock an “overweight” rating in a report on Wednesday, April 8th. The Goldman Sachs Group upped their price objective on Par Pacific from $77.00 to $92.00 and gave the stock a “buy” rating in a research report on Thursday, July 23rd. Finally, Evercore raised Par Pacific to an “outperform” rating in a research note on Wednesday, May 27th. One equities research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and two have issued a Hold rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $81.57.

Par Pacific Profile

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.