Amalgamated Bank Has $412,000 Position in Par Pacific Holdings, Inc. (NYSE:PARR)

Amalgamated Bank lowered its stake in Par Pacific Holdings, Inc. (NYSE:PARR) by 8.2% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 16,301 shares of the company’s stock after selling 1,461 shares during the period. Amalgamated Bank’s holdings in Par Pacific were worth $412,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Headlands Technologies LLC grew its holdings in Par Pacific by 215.1% during the 2nd quarter. Headlands Technologies LLC now owns 1,166 shares of the company’s stock worth $29,000 after acquiring an additional 796 shares during the period. Meeder Asset Management Inc. bought a new position in shares of Par Pacific during the second quarter worth $43,000. nVerses Capital LLC boosted its position in shares of Par Pacific by 41.7% during the second quarter. nVerses Capital LLC now owns 3,400 shares of the company’s stock worth $86,000 after purchasing an additional 1,000 shares in the last quarter. Innealta Capital LLC bought a new position in shares of Par Pacific during the second quarter worth $104,000. Finally, Quest Partners LLC boosted its position in shares of Par Pacific by 141.3% during the second quarter. Quest Partners LLC now owns 5,930 shares of the company’s stock worth $150,000 after purchasing an additional 3,472 shares in the last quarter. Institutional investors and hedge funds own 92.15% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on PARR. TD Cowen reduced their price target on shares of Par Pacific from $36.00 to $32.00 and set a “buy” rating on the stock in a research report on Friday, August 9th. Tudor, Pickering, Holt & Co. cut shares of Par Pacific from a “buy” rating to a “hold” rating in a research report on Monday, September 9th. Mizuho cut their price objective on shares of Par Pacific from $30.00 to $28.00 and set an “outperform” rating on the stock in a research report on Monday, September 16th. Tudor Pickering raised shares of Par Pacific to a “hold” rating in a research report on Monday, September 9th. Finally, UBS Group cut their price objective on shares of Par Pacific from $40.00 to $29.00 and set a “neutral” rating on the stock in a research report on Monday, August 19th. Seven equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $30.00.

Par Pacific Trading Up 1.6 %

Shares of NYSE:PARR opened at $17.86 on Monday. The company’s 50-day moving average price is $21.87 and its two-hundred day moving average price is $26.93. The company has a debt-to-equity ratio of 0.84, a current ratio of 1.63 and a quick ratio of 0.59. Par Pacific Holdings, Inc. has a one year low of $17.06 and a one year high of $40.69. The stock has a market capitalization of $1.01 billion, a PE ratio of 2.24 and a beta of 1.99.

Par Pacific (NYSE:PARR) last issued its quarterly 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. The firm had revenue of $2.02 billion for the quarter, compared to analysts’ expectations of $1.82 billion. Par Pacific had a net margin of 5.43% and a return on equity of 26.40%. The company’s revenue for the quarter was up 13.1% on a year-over-year basis. During the same period in the previous year, the firm posted $1.73 EPS. On average, equities analysts forecast that Par Pacific Holdings, Inc. will post 1.7 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.