16,861 Shares of Par Pacific Holdings, Inc. $PARR Bought by Range Financial Group LLC

Range Financial Group LLC acquired a new stake in Par Pacific Holdings, Inc. (NYSE:PARR) during the third quarter, according to its most recent 13F filing with the SEC. The fund acquired 16,861 shares of the company’s stock, valued at approximately $1,376,000.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. VIRGINIA RETIREMENT SYSTEMS ET Al bought a new position in Par Pacific during the second quarter worth about $3,017,000. The Manufacturers Life Insurance Company increased its stake in shares of Par Pacific by 170.6% in the first quarter. The Manufacturers Life Insurance Company now owns 62,505 shares of the company’s stock worth $3,916,000 after purchasing an additional 39,404 shares in the last quarter. Pacer Advisors Inc. purchased a new position in shares of Par Pacific in the first quarter worth about $16,277,000. Engineers Gate Manager LP increased its stake in shares of Par Pacific by 93.1% in the second quarter. Engineers Gate Manager LP now owns 111,477 shares of the company’s stock worth $6,252,000 after purchasing an additional 53,737 shares in the last quarter. Finally, SummerHaven Investment Management LLC purchased a new position in shares of Par Pacific in the third quarter worth about $2,625,000. 92.15% of the stock is currently owned by institutional investors.

Par Pacific Stock Performance

NYSE:PARR opened at $85.16 on Wednesday. The business’s fifty day moving average is $81.59 and its 200 day moving average is $70.00. The firm has a market cap of $4.27 billion, a price-to-earnings ratio of 4.97 and a beta of 0.75. The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.76 and a current ratio of 1.84. Par Pacific Holdings, Inc. has a 52-week low of $34.37 and a 52-week high of $90.74.

Par Pacific (NYSE:PARR) last issued its earnings results on Tuesday, August 4th. The company reported $10.10 EPS for the quarter, topping the consensus estimate of $8.22 by $1.88. Par Pacific had a return on equity of 56.19% and a net margin of 9.94%. The business had revenue of $2.97 billion during the quarter, compared to the consensus estimate of $2.40 billion. During the same quarter last year, the company earned $1.54 EPS. The firm’s revenue was up 56.8% compared to the same quarter last year. Research analysts predict that Par Pacific Holdings, Inc. will post 26.56 EPS for the current year.

Analyst Ratings Changes

Several research firms have recently issued reports on PARR. The Goldman Sachs Group lowered shares of Par Pacific from a “buy” rating to a “neutral” rating and boosted their price target for the company from $90.00 to $94.00 in a research report on Thursday, October 15th. UBS Group reaffirmed a “neutral” rating on shares of Par Pacific in a report on Wednesday, August 26th. Zacks Research upgraded shares of Par Pacific from a “hold” rating to a “strong-buy” rating in a research note on Friday, September 4th. Benchmark reiterated a “buy” rating on shares of Par Pacific in a research note on Wednesday, July 8th. Finally, Mizuho set a $91.00 target price on shares of Par Pacific and gave the company a “neutral” rating in a report on Thursday, October 8th. One equities research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $87.29.

Insider Activity

In other news, Director Timothy Clossey sold 10,970 shares of the stock in a transaction dated Thursday, September 10th. The shares were sold at an average price of $84.00, for a total value of $921,480.00. Following the sale, the director directly owned 51,526 shares of the company’s stock, valued at approximately $4,328,184. This represents a 17.55% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Danielle Mattiussi sold 3,278 shares of the firm’s stock in a transaction that occurred on Friday, August 7th. The shares were sold at an average price of $67.29, for a total transaction of $220,576.62. Following the completion of the transaction, the insider owned 27,878 shares of the company’s stock, valued at $1,875,910.62. This trade represents a 10.52% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 54,248 shares of company stock worth $4,394,057 over the last ninety days. Company insiders own 3.60% of the company’s stock.

About Par Pacific

Par Pacific Holdings, Inc is an energy company engaged in refining, marketing and distributing transportation fuels and other petroleum products. Its refineries process crude oil into products such as gasoline, diesel, jet fuel, marine fuels and asphalt, serving customers in western U.S. markets.

The company operates refining and related energy businesses in Hawaii, Wyoming and Washington. Its operations also include logistics assets such as storage facilities, pipelines, terminals and other infrastructure used to move and distribute crude oil and refined products.