Trexquant Investment LP Boosts Stake in Par Pacific Holdings, Inc. (NYSE:PARR)

Trexquant Investment LP grew its position in Par Pacific Holdings, Inc. (NYSE:PARR) by 56.8% during the 4th quarter, HoldingsChannel.com reports. The firm owned 198,882 shares of the company’s stock after acquiring an additional 72,067 shares during the quarter. Trexquant Investment LP’s holdings in Par Pacific were worth $3,260,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. GAMMA Investing LLC raised its holdings in Par Pacific by 232.5% in the fourth quarter. GAMMA Investing LLC now owns 1,669 shares of the company’s stock valued at $27,000 after buying an additional 1,167 shares during the period. US Bancorp DE raised its stake in shares of Par Pacific by 55.7% in the 4th quarter. US Bancorp DE now owns 1,823 shares of the company’s stock valued at $30,000 after acquiring an additional 652 shares during the period. Nisa Investment Advisors LLC lifted its holdings in shares of Par Pacific by 37.7% during the 4th quarter. Nisa Investment Advisors LLC now owns 2,557 shares of the company’s stock valued at $42,000 after acquiring an additional 700 shares in the last quarter. Allworth Financial LP boosted its position in Par Pacific by 4,804.2% during the 4th quarter. Allworth Financial LP now owns 8,141 shares of the company’s stock worth $139,000 after purchasing an additional 7,975 shares during the period. Finally, FMR LLC increased its holdings in Par Pacific by 126.7% in the 3rd quarter. FMR LLC now owns 8,634 shares of the company’s stock valued at $152,000 after purchasing an additional 4,826 shares in the last quarter. Hedge funds and other institutional investors own 92.15% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have commented on the company. StockNews.com cut Par Pacific from a “hold” rating to a “sell” rating in a research note on Friday, February 28th. Raymond James started coverage on Par Pacific in a research report on Friday, January 24th. They set an “outperform” rating and a $25.00 price target on the stock. TD Cowen lowered their price objective on shares of Par Pacific from $21.00 to $17.00 and set a “buy” rating for the company in a research report on Thursday, February 27th. The Goldman Sachs Group raised shares of Par Pacific from a “neutral” rating to a “buy” rating and boosted their target price for the stock from $18.00 to $19.00 in a research report on Thursday, March 27th. Finally, Mizuho downgraded shares of Par Pacific from an “outperform” rating to a “neutral” rating and decreased their target price for the company from $26.00 to $22.00 in a research note on Monday, December 16th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $22.71.

Par Pacific Stock Down 2.9 %

Shares of NYSE:PARR opened at $12.89 on Monday. The firm has a market cap of $705.70 million, a PE ratio of 2.50 and a beta of 1.64. The company has a fifty day simple moving average of $15.01 and a 200 day simple moving average of $16.37. The company has a current ratio of 1.69, a quick ratio of 0.66 and a debt-to-equity ratio of 0.84. Par Pacific Holdings, Inc. has a 12-month low of $11.86 and a 12-month high of $39.55.

Par Pacific (NYSE:PARR) last released its earnings results on Tuesday, February 25th. The company reported ($0.79) earnings per share for the quarter, missing the consensus estimate of ($0.15) by ($0.64). Par Pacific had a return on equity of 10.06% and a net margin of 3.74%. The company had revenue of $1.83 billion during the quarter, compared to the consensus estimate of $1.68 billion. On average, equities research analysts anticipate that Par Pacific Holdings, Inc. will post 0.15 EPS for the current fiscal year.

Par Pacific 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.