Jump Financial LLC Purchases New Stake in Par Pacific Holdings, Inc. (NYSE:PARR)

Jump Financial LLC purchased a new position in shares of Par Pacific Holdings, Inc. (NYSE:PARRFree Report) during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund purchased 16,454 shares of the company’s stock, valued at approximately $591,000.

Several other hedge funds also recently modified their holdings of PARR. Towle & Co. bought a new position in Par Pacific in the second quarter valued at approximately $29,623,000. Deutsche Bank AG increased its holdings in Par Pacific by 459.9% during the fourth quarter. Deutsche Bank AG now owns 1,258,201 shares of the company’s stock worth $29,253,000 after buying an additional 1,033,480 shares during the last quarter. State Street Corp raised its position in Par Pacific by 34.2% during the first quarter. State Street Corp now owns 2,787,761 shares of the company’s stock worth $36,297,000 after acquiring an additional 710,461 shares in the last quarter. Vanguard Group Inc. lifted its stake 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 acquiring an additional 508,925 shares during the last quarter. Finally, BlackRock Inc. grew its position in shares of Par Pacific by 6.5% in the 2nd quarter. BlackRock Inc. now owns 7,987,426 shares of the company’s stock valued at $212,545,000 after acquiring an additional 488,246 shares during the period. Institutional investors own 92.83% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on the company. UBS Group reduced their price target on Par Pacific from $38.00 to $37.00 and set a “neutral” rating for the company in a report on Monday, November 13th. StockNews.com lowered Par Pacific from a “buy” rating to a “hold” rating in a report on Friday, December 29th. Four research analysts have rated the stock with a hold rating and two have given a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $36.00.

Read Our Latest Stock Report on Par Pacific

Par Pacific Stock Performance

PARR opened at $38.84 on Friday. The company has a debt-to-equity ratio of 0.50, a current ratio of 1.12 and a quick ratio of 0.49. The business has a fifty day simple moving average of $35.16 and a 200 day simple moving average of $34.31. Par Pacific Holdings, Inc. has a 1 year low of $20.30 and a 1 year high of $39.17. The company has a market capitalization of $2.35 billion, a PE ratio of 4.53 and a beta of 1.99.

Par Pacific (NYSE:PARRGet Free Report) last posted its quarterly earnings data on Monday, November 6th. The company reported $3.15 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.03 by $0.12. Par Pacific had a net margin of 6.67% and a return on equity of 64.64%. The firm had revenue of $2.58 billion during the quarter, compared to the consensus estimate of $2.46 billion. Research analysts expect that Par Pacific Holdings, Inc. will post 8.24 EPS for the current year.

Par Pacific 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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