State of Alaska Department of Revenue Has $628,000 Holdings in Par Pacific Holdings, Inc. (NYSE:PARR)

State of Alaska Department of Revenue grew its stake in Par Pacific Holdings, Inc. (NYSE:PARRGet Rating) by 10.9% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 38,307 shares of the company’s stock after purchasing an additional 3,768 shares during the period. State of Alaska Department of Revenue’s holdings in Par Pacific were worth $628,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Vanguard Group Inc. grew its holdings in shares of Par Pacific by 10.6% during the 1st quarter. Vanguard Group Inc. now owns 3,619,332 shares of the company’s stock worth $47,123,000 after purchasing an additional 346,957 shares in the last quarter. State Street Corp grew its holdings in shares of Par Pacific by 34.2% during the 1st quarter. State Street Corp now owns 2,787,761 shares of the company’s stock worth $36,297,000 after purchasing an additional 710,461 shares in the last quarter. Assenagon Asset Management S.A. grew its holdings in shares of Par Pacific by 1,257.7% during the 2nd quarter. Assenagon Asset Management S.A. now owns 1,743,336 shares of the company’s stock worth $27,179,000 after purchasing an additional 1,614,937 shares in the last quarter. Dimensional Fund Advisors LP grew its holdings in shares of Par Pacific by 8.1% during the 1st quarter. Dimensional Fund Advisors LP now owns 1,170,057 shares of the company’s stock worth $15,234,000 after purchasing an additional 87,950 shares in the last quarter. Finally, Encompass Capital Advisors LLC acquired a new stake in shares of Par Pacific during the 2nd quarter worth approximately $13,246,000. Institutional investors own 92.76% of the company’s stock.

Par Pacific Trading Up 0.2 %

Shares of PARR opened at $22.42 on Thursday. The stock has a fifty day moving average price of $22.48 and a two-hundred day moving average price of $19.46. The company has a debt-to-equity ratio of 0.92, a quick ratio of 0.48 and a current ratio of 1.01. Par Pacific Holdings, Inc. has a 52-week low of $11.66 and a 52-week high of $25.38. The company has a market cap of $1.35 billion, a price-to-earnings ratio of 4.67 and a beta of 2.01.

Par Pacific (NYSE:PARRGet Rating) last issued its quarterly earnings data on Tuesday, November 1st. The company reported $2.88 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.04 by $0.84. Par Pacific had a return on equity of 106.74% and a net margin of 4.22%. The firm had revenue of $2.06 billion during the quarter, compared to the consensus estimate of $1.74 billion. Analysts predict that Par Pacific Holdings, Inc. will post 7.25 EPS for the current fiscal year.

Insider Buying and Selling at Par Pacific

In other Par Pacific news, Director L Melvin Cooper sold 2,000 shares of Par Pacific stock in a transaction on Thursday, November 3rd. The stock was sold at an average price of $22.59, for a total value of $45,180.00. Following the completion of the transaction, the director now owns 40,858 shares in the company, valued at approximately $922,982.22. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In other news, Director L Melvin Cooper sold 2,000 shares of the business’s stock in a transaction on Thursday, November 3rd. The stock was sold at an average price of $22.59, for a total transaction of $45,180.00. Following the completion of the sale, the director now owns 40,858 shares in the company, valued at $922,982.22. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, General Counsel Jeffrey Ryan Hollis sold 2,158 shares of the business’s stock in a transaction on Thursday, November 3rd. The stock was sold at an average price of $23.37, for a total value of $50,432.46. Following the sale, the general counsel now owns 10,736 shares of the company’s stock, valued at approximately $250,900.32. The disclosure for this sale can be found here. Corporate insiders own 4.90% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on PARR shares. Cowen lifted their price objective on Par Pacific from $21.00 to $28.00 and gave the stock an “outperform” rating in a report on Monday, October 24th. Cowen boosted their price target on Par Pacific from $21.00 to $28.00 and gave the company an “outperform” rating in a research note on Monday, October 24th. JPMorgan Chase & Co. boosted their price target on Par Pacific from $19.00 to $20.00 and gave the company a “neutral” rating in a research note on Tuesday, October 18th. Piper Sandler decreased their price target on Par Pacific from $29.00 to $27.00 and set a “neutral” rating on the stock in a research note on Monday, December 19th. Finally, StockNews.com lowered Par Pacific from a “buy” rating to a “hold” rating in a research note on Wednesday, December 28th. Four investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $24.00.

Par Pacific Company Profile

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Par Pacific Holdings, Inc owns and operates energy and infrastructure businesses. The company operates through three segments: Refining, Retail, and Logistics. The Refining segment owns and operates three refineries that produces ultra-low sulfur diesel, gasoline, jet fuel, marine fuel, distillate, asphalt, low sulfur fuel oil, and other associated refined products primarily for consumption in Hawaii, Pacific Northwest, Wyoming, and South Dakota.

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Institutional Ownership by Quarter for Par Pacific (NYSE:PARR)

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