Arizona State Retirement System Has $593,000 Stock Position in Par Pacific Holdings, Inc. (NYSE:PARR)

Arizona State Retirement System increased its holdings in shares of Par Pacific Holdings, Inc. (NYSE:PARRFree Report) by 1.9% in the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 16,510 shares of the company’s stock after purchasing an additional 309 shares during the period. Arizona State Retirement System’s holdings in Par Pacific were worth $593,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of PARR. Towle & Co. bought a new stake in shares of Par Pacific during the 2nd quarter worth $29,623,000. Deutsche Bank AG increased its holdings in Par Pacific by 459.9% in the 4th quarter. Deutsche Bank AG now owns 1,258,201 shares of the company’s stock worth $29,253,000 after purchasing an additional 1,033,480 shares in the last quarter. State Street Corp increased its holdings in Par Pacific by 34.2% in 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. Vanguard Group Inc. raised its position in Par Pacific by 14.3% in the third quarter. Vanguard Group Inc. now owns 4,080,201 shares of the company’s stock valued at $66,956,000 after purchasing an additional 508,925 shares during the last quarter. Finally, BlackRock Inc. raised its position in Par Pacific by 6.5% in the second quarter. BlackRock Inc. now owns 7,987,426 shares of the company’s stock valued at $212,545,000 after purchasing an additional 488,246 shares during the last quarter. 92.83% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several equities analysts have commented on PARR shares. StockNews.com downgraded Par Pacific from a “buy” rating to a “hold” rating in a research report on Friday, December 29th. UBS Group dropped their target price on Par Pacific from $38.00 to $37.00 and set a “neutral” rating for the company in a research report on Monday, November 13th. Four investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to data from MarketBeat, Par Pacific has an average rating of “Hold” and an average target price of $36.00.

Get Our Latest Stock Analysis on PARR

Par Pacific Stock Up 2.4 %

Shares of NYSE:PARR opened at $38.84 on Friday. The stock has a market cap of $2.35 billion, a price-to-earnings ratio of 4.53 and a beta of 1.99. The company has a quick ratio of 0.49, a current ratio of 1.12 and a debt-to-equity ratio of 0.50. Par Pacific Holdings, Inc. has a 12-month low of $20.30 and a 12-month high of $39.17. The business’s 50 day moving average is $35.16 and its 200 day moving average is $34.31.

Par Pacific (NYSE:PARRGet Free Report) last posted its quarterly earnings data on Monday, November 6th. The company reported $3.15 earnings per share for the quarter, topping the consensus estimate of $3.03 by $0.12. Par Pacific had a return on equity of 64.64% and a net margin of 6.67%. The business had revenue of $2.58 billion for the quarter, compared to analysts’ expectations of $2.46 billion. On average, sell-side analysts forecast that Par Pacific Holdings, Inc. will post 8.24 earnings per share for the current fiscal year.

Par Pacific Company Profile

(Free Report)

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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