Vanguard Group Inc. Sells 174,375 Shares of Par Pacific Holdings, Inc. (NYSE:PARR)

Vanguard Group Inc. cut its holdings in Par Pacific Holdings, Inc. (NYSE:PARR) by 3.0% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 5,574,248 shares of the company’s stock after selling 174,375 shares during the period. Vanguard Group Inc. owned about 0.09% of Par Pacific worth $202,735,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. TD Asset Management Inc grew its holdings in shares of Par Pacific by 46.4% in the fourth quarter. TD Asset Management Inc now owns 104,400 shares of the company’s stock valued at $3,797,000 after acquiring an additional 33,100 shares in the last quarter. Jacobs Levy Equity Management Inc. increased its position in Par Pacific by 14.2% in the third quarter. Jacobs Levy Equity Management Inc. now owns 1,243,068 shares of the company’s stock worth $44,676,000 after buying an additional 154,571 shares during the last quarter. Paragon Associates & Paragon Associates II Joint Venture bought a new stake in shares of Par Pacific in the fourth quarter valued at $1,637,000. Public Employees Retirement System of Ohio lifted its position in shares of Par Pacific by 5,017.3% during the 3rd quarter. Public Employees Retirement System of Ohio now owns 39,454 shares of the company’s stock valued at $1,418,000 after buying an additional 38,683 shares during the last quarter. Finally, American Century Companies Inc. grew its stake in shares of Par Pacific by 14.6% during the 3rd quarter. American Century Companies Inc. now owns 727,232 shares of the company’s stock worth $26,137,000 after acquiring an additional 92,537 shares during the period. 92.15% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several equities research analysts have commented on the stock. TD Cowen dropped their price objective on shares of Par Pacific from $42.00 to $36.00 and set a “buy” rating on the stock in a report on Tuesday, June 25th. JPMorgan Chase & Co. lowered their price target on shares of Par Pacific from $38.00 to $36.00 and set a “neutral” rating on the stock in a research report on Tuesday. Finally, Piper Sandler cut their price objective on shares of Par Pacific from $43.00 to $37.00 and set an “overweight” rating for the company in a report on Friday, June 14th. Four investment analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $36.20.

Par Pacific Price Performance

Shares of NYSE:PARR opened at $25.70 on Wednesday. The company has a 50 day moving average of $27.33 and a 200 day moving average of $33.18. The company has a current ratio of 1.28, a quick ratio of 0.50 and a debt-to-equity ratio of 0.49. The stock has a market cap of $1.49 billion, a P/E ratio of 3.22 and a beta of 2.01. Par Pacific Holdings, Inc. has a 12 month low of $23.78 and a 12 month high of $40.69.

Par Pacific (NYSE:PARR) last released its quarterly earnings results on Monday, May 6th. The company reported $0.69 EPS for the quarter, missing analysts’ consensus estimates of $0.75 by ($0.06). Par Pacific had a net margin of 5.71% and a return on equity of 35.02%. The firm had revenue of $1.98 billion for the quarter, compared to analysts’ expectations of $2.12 billion. As a group, sell-side analysts forecast that Par Pacific Holdings, Inc. will post 2.92 EPS for the current fiscal year.

About Par Pacific

Par Pacific Holdings, Inc owns and operates energy and infrastructure businesses. The company operates through Refining, Retail, and Logistics segments. The Refining segment owns and operates refineries that produce gasoline, distillate, asphalt, and other products primarily for consumption in Kapolei, Hawaii, Newcastle, Wyoming, Tacoma, Washington, and Billings, Montana.