Par Pacific (NYSE:PARR) Trading Up 2.6%

Par Pacific Holdings, Inc. (NYSE:PARR) was up 2.6% on Friday . The company traded as high as $37.23 and last traded at $36.78. Approximately 52,251 shares changed hands during trading, a decline of 94% from the average daily volume of 884,673 shares. The stock had previously closed at $35.84.

Analyst Ratings Changes

A number of equities research analysts have weighed in on PARR shares. Piper Sandler raised their price target on Par Pacific from $36.00 to $46.00 and gave the company an “overweight” rating in a research report on Friday, August 11th. The Goldman Sachs Group raised their price target on Par Pacific from $31.00 to $35.00 and gave the company a “neutral” rating in a research report on Friday, September 1st. Finally, StockNews.com downgraded Par Pacific from a “buy” rating to a “hold” rating in a research report on Wednesday, August 16th. Four investment analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $33.29.

Par Pacific Stock Performance

The stock has a market cap of $2.25 billion, a PE ratio of 3.59 and a beta of 2.08. The company has a fifty day moving average price of $31.74 and a 200 day moving average price of $27.35. The company has a quick ratio of 0.37, a current ratio of 1.07 and a debt-to-equity ratio of 0.63.

Par Pacific (NYSE:PARR) last released its quarterly earnings data on Monday, August 7th. The company reported $1.73 EPS for the quarter, topping the consensus estimate of $1.20 by $0.53. Par Pacific had a return on equity of 73.08% and a net margin of 8.45%. The firm had revenue of $1.78 billion for the quarter, compared to the consensus estimate of $1.57 billion. Analysts expect that Par Pacific Holdings, Inc. will post 7.87 earnings per share for the current year.

Insider Activity at Par Pacific

In related news, President William Monteleone sold 14,063 shares of the business’s stock in a transaction dated Monday, August 14th. The stock was sold at an average price of $34.98, for a total transaction of $491,923.74. Following the transaction, the president now owns 309,720 shares in the company, valued at approximately $10,834,005.60. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In other news, insider Jeffrey Ryan Hollis sold 3,125 shares of the business’s stock in a transaction that occurred on Monday, August 14th. The stock was sold at an average price of $36.69, for a total value of $114,656.25. Following the sale, the insider now directly owns 14,590 shares of the company’s stock, valued at approximately $535,307.10. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, President William Monteleone sold 14,063 shares of the firm’s stock in a transaction that occurred on Monday, August 14th. The shares were sold at an average price of $34.98, for a total value of $491,923.74. Following the transaction, the president now directly owns 309,720 shares of the company’s stock, valued at approximately $10,834,005.60. The disclosure for this sale can be found here. Insiders have sold a total of 132,287 shares of company stock worth $4,617,780 in the last 90 days. Company insiders own 4.90% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in PARR. West Tower Group LLC purchased a new stake in Par Pacific during the 2nd quarter valued at $41,000. NewEdge Advisors LLC purchased a new stake in Par Pacific during the 1st quarter valued at $60,000. Captrust Financial Advisors boosted its stake in Par Pacific by 53.3% during the 1st quarter. Captrust Financial Advisors now owns 5,181 shares of the company’s stock valued at $67,000 after purchasing an additional 1,801 shares during the last quarter. Metropolitan Life Insurance Co NY boosted its stake in Par Pacific by 14.3% during the 2nd quarter. Metropolitan Life Insurance Co NY now owns 3,023 shares of the company’s stock valued at $80,000 after purchasing an additional 378 shares during the last quarter. Finally, PNC Financial Services Group Inc. boosted its stake in Par Pacific by 12.8% during the 1st quarter. PNC Financial Services Group Inc. now owns 7,513 shares of the company’s stock valued at $98,000 after purchasing an additional 854 shares during the last quarter. Institutional investors own 92.83% of the company’s stock.

About Par Pacific

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.