Kestra Advisory Services LLC Purchases 7,300 Shares of Par Pacific Holdings, Inc. $PARR

Kestra Advisory Services LLC grew its holdings in Par Pacific Holdings, Inc. (NYSE:PARR) by 135.2% during the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 12,700 shares of the company’s stock after acquiring an additional 7,300 shares during the period. Kestra Advisory Services LLC’s holdings in Par Pacific were worth $796,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also recently made changes to their positions in the company. Dimensional Fund Advisors LP grew its holdings in shares of Par Pacific by 0.4% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,774,621 shares of the company’s stock valued at $62,363,000 after purchasing an additional 7,280 shares in the last quarter. Arrowstreet Capital Limited Partnership raised its stake in Par Pacific by 0.5% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 1,765,631 shares of the company’s stock valued at $62,044,000 after purchasing an additional 9,470 shares in the last quarter. Geode Capital Management LLC lifted its position in Par Pacific by 1.8% during the fourth quarter. Geode Capital Management LLC now owns 1,222,100 shares of the company’s stock valued at $42,954,000 after purchasing an additional 21,254 shares during the last quarter. Renaissance Technologies LLC lifted its position in Par Pacific by 13.1% during the fourth quarter. Renaissance Technologies LLC now owns 1,008,964 shares of the company’s stock valued at $35,455,000 after purchasing an additional 117,200 shares during the last quarter. Finally, Goldman Sachs Group Inc. grew its stake in shares of Par Pacific by 36.8% in the 4th quarter. Goldman Sachs Group Inc. now owns 947,686 shares of the company’s stock worth $33,302,000 after buying an additional 255,173 shares in the last quarter. Institutional investors own 92.15% of the company’s stock.

Wall Street Analyst Weigh In

PARR has been the topic of several analyst reports. Wall Street Zen raised Par Pacific from a “buy” rating to a “strong-buy” rating in a research report on Sunday, May 17th. JPMorgan Chase & Co. raised their price target on Par Pacific from $48.00 to $77.00 and gave the stock an “overweight” rating in a research report on Wednesday, April 8th. Piper Sandler lifted their price objective on shares of Par Pacific from $63.00 to $72.00 and gave the stock an “overweight” rating in a research note on Wednesday, April 8th. TD Cowen boosted their price objective on shares of Par Pacific from $78.00 to $100.00 and gave the company a “buy” rating in a research report on Tuesday. Finally, Benchmark reiterated a “buy” rating on shares of Par Pacific in a research report on Wednesday, July 8th. 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. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $81.57.

Par Pacific Stock Down 0.3%

NYSE:PARR opened at $77.35 on Friday. Par Pacific Holdings, Inc. has a 1-year low of $26.83 and a 1-year high of $82.29. The company has a 50-day moving average of $60.76 and a 200 day moving average of $54.32. The firm has a market cap of $3.88 billion, a PE ratio of 8.63 and a beta of 0.82. The company has a debt-to-equity ratio of 0.63, a current ratio of 1.62 and a quick ratio of 0.60.

Par Pacific (NYSE:PARR) last issued its quarterly earnings data on Tuesday, May 5th. The company reported $0.78 earnings per share for the quarter, missing analysts’ consensus estimates of $1.00 by ($0.22). Par Pacific had a return on equity of 34.38% and a net margin of 6.02%.The company had revenue of $1.82 billion for the quarter, compared to analysts’ expectations of $1.78 billion. During the same quarter last year, the company earned ($0.94) earnings per share. The company’s revenue for the quarter was up 4.5% compared to the same quarter last year. As a group, research analysts anticipate that Par Pacific Holdings, Inc. will post 18.6 EPS for the current fiscal year.

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.