American Century Companies Inc. Acquires 175,331 Shares of Par Pacific Holdings, Inc. (NYSE:PARR)

American Century Companies Inc. lifted its stake in Par Pacific Holdings, Inc. (NYSE:PARR) by 13.9% during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,435,794 shares of the company’s stock after purchasing an additional 175,331 shares during the period. American Century Companies Inc. owned 2.48% of Par Pacific worth $36,254,000 at the end of the most recent quarter.

Other institutional investors have also made changes to their positions in the company. Headlands Technologies LLC boosted its holdings in Par Pacific by 215.1% during the second quarter. Headlands Technologies LLC now owns 1,166 shares of the company’s stock worth $29,000 after buying an additional 796 shares during the last quarter. Quadrant Capital Group LLC raised its position in shares of Par Pacific by 91.4% in the 4th quarter. Quadrant Capital Group LLC now owns 959 shares of the company’s stock valued at $35,000 after acquiring an additional 458 shares during the period. nVerses Capital LLC boosted its stake in Par Pacific by 41.7% during the 2nd quarter. nVerses Capital LLC now owns 3,400 shares of the company’s stock worth $86,000 after acquiring an additional 1,000 shares during the last quarter. Innealta Capital LLC acquired a new position in Par Pacific during the second quarter valued at approximately $104,000. Finally, Quest Partners LLC increased its stake in Par Pacific by 141.3% in the second quarter. Quest Partners LLC now owns 5,930 shares of the company’s stock valued at $150,000 after purchasing an additional 3,472 shares in the last quarter. 92.15% of the stock is owned by institutional investors and hedge funds.

Par Pacific Trading Up 2.4 %

NYSE:PARR opened at $19.40 on Wednesday. The company has a market cap of $1.09 billion, a P/E ratio of 2.43 and a beta of 1.99. Par Pacific Holdings, Inc. has a twelve month low of $18.00 and a twelve month high of $40.69. The business has a 50 day moving average price of $22.73 and a two-hundred day moving average price of $27.91. The company has a quick ratio of 0.59, a current ratio of 1.63 and a debt-to-equity ratio of 0.84.

Par Pacific (NYSE:PARR) last announced its earnings results on Tuesday, August 6th. The company reported $0.49 EPS for the quarter, topping the consensus estimate of $0.13 by $0.36. Par Pacific had a net margin of 5.43% and a return on equity of 26.40%. The business had revenue of $2.02 billion during the quarter, compared to analysts’ expectations of $1.82 billion. During the same quarter in the prior year, the company posted $1.73 earnings per share. The firm’s revenue was up 13.1% on a year-over-year basis. As a group, analysts expect that Par Pacific Holdings, Inc. will post 2.01 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on PARR shares. Mizuho decreased their price target on shares of Par Pacific from $30.00 to $28.00 and set an “outperform” rating for the company in a report on Monday. The Goldman Sachs Group decreased their target price on Par Pacific from $37.00 to $32.00 and set a “neutral” rating for the company in a research note on Wednesday, July 31st. Tudor Pickering raised Par Pacific to a “hold” rating in a research report on Monday, September 9th. JPMorgan Chase & Co. decreased their price objective on Par Pacific from $38.00 to $36.00 and set a “neutral” rating for the company in a research report on Tuesday, July 2nd. Finally, TD Cowen dropped their target price on shares of Par Pacific from $36.00 to $32.00 and set a “buy” rating on the stock in a report on Friday, August 9th. Six research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $32.33.

Par Pacific Company Profile

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.