Par Pacific Holdings, Inc. $PARR Shares Bought by Tudor Investment Corp ET AL

Tudor Investment Corp ET AL grew its holdings in shares of Par Pacific Holdings, Inc. (NYSE:PARR) by 184.5% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 272,048 shares of the company’s stock after purchasing an additional 176,419 shares during the period. Tudor Investment Corp ET AL owned 0.54% of Par Pacific worth $9,636,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently modified their holdings of the company. Universal Beteiligungs und Servicegesellschaft mbH acquired a new stake in shares of Par Pacific during the third quarter worth $1,149,000. Principal Financial Group Inc. raised its holdings in shares of Par Pacific by 38.5% during the third quarter. Principal Financial Group Inc. now owns 354,439 shares of the company’s stock worth $12,554,000 after purchasing an additional 98,524 shares during the period. Barclays PLC raised its holdings in shares of Par Pacific by 24.9% during the third quarter. Barclays PLC now owns 705,832 shares of the company’s stock worth $25,001,000 after purchasing an additional 140,514 shares during the period. Wakefield Asset Management LLLP acquired a new stake in shares of Par Pacific during the third quarter worth $1,330,000. Finally, Vanguard Group Inc. raised its holdings in shares of Par Pacific by 30.9% during the third quarter. Vanguard Group Inc. now owns 5,044,612 shares of the company’s stock worth $178,680,000 after purchasing an additional 1,190,088 shares during the period. 92.15% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of analysts have weighed in on the stock. Mizuho increased their target price on shares of Par Pacific from $49.00 to $58.00 and gave the stock a “neutral” rating in a report on Tuesday, March 17th. Weiss Ratings reissued a “hold (c+)” rating on shares of Par Pacific in a report on Friday, March 27th. Wall Street Zen upgraded shares of Par Pacific from a “buy” rating to a “strong-buy” rating in a research report on Saturday, March 14th. Zacks Research lowered shares of Par Pacific from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, December 16th. Finally, The Goldman Sachs Group upped their price target on shares of Par Pacific from $44.00 to $53.00 and gave the stock a “neutral” rating in a research report on Thursday, March 12th. Four analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. According to data from MarketBeat.com, Par Pacific has an average rating of “Hold” and an average price target of $55.50.

Par Pacific Stock Down 0.4%

Par Pacific stock opened at $64.63 on Tuesday. The company has a 50-day simple moving average of $48.84 and a 200-day simple moving average of $42.37. The firm has a market capitalization of $3.20 billion, a P/E ratio of 8.87 and a beta of 0.97. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.49 and a current ratio of 1.61. Par Pacific Holdings, Inc. has a one year low of $12.17 and a one year high of $66.75.

Par Pacific (NYSE:PARR) last released its quarterly earnings results on Tuesday, February 24th. The company reported $1.17 EPS for the quarter, missing the consensus estimate of $1.21 by ($0.04). The firm had revenue of $1.81 billion for the quarter, compared to the consensus estimate of $1.68 billion. Par Pacific had a return on equity of 30.19% and a net margin of 4.95%.The firm’s revenue was down 1.0% on a year-over-year basis. During the same quarter in the prior year, the company posted ($0.79) EPS. As a group, equities analysts expect that Par Pacific Holdings, Inc. will post 0.15 earnings per share for the current year.

Insider Transactions at Par Pacific

In related news, CEO William Monteleone sold 108,948 shares of the stock in a transaction dated Monday, March 16th. The shares were sold at an average price of $54.06, for a total value of $5,889,728.88. Following the completion of the transaction, the chief executive officer owned 457,167 shares in the company, valued at $24,714,448.02. This represents a 19.24% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. 4.40% of the stock is owned by corporate insiders.

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.