Par Pacific Holdings, Inc. (NYSE:PARR) Shares Sold by Voloridge Investment Management LLC

Voloridge Investment Management LLC decreased its holdings in Par Pacific Holdings, Inc. (NYSE:PARR) by 39.0% in the 4th quarter, HoldingsChannel.com reports. The fund owned 506,127 shares of the company’s stock after selling 323,896 shares during the quarter. Voloridge Investment Management LLC’s holdings in Par Pacific were worth $8,295,000 as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. Millennium Management LLC increased its stake in shares of Par Pacific by 43.4% during the fourth quarter. Millennium Management LLC now owns 1,936,798 shares of the company’s stock worth $31,744,000 after buying an additional 586,003 shares during the period. Nuveen Asset Management LLC grew its holdings in Par Pacific by 9.8% during the 4th quarter. Nuveen Asset Management LLC now owns 1,029,798 shares of the company’s stock worth $16,878,000 after acquiring an additional 91,814 shares in the last quarter. Charles Schwab Investment Management Inc. increased its position in shares of Par Pacific by 22.6% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 909,220 shares of the company’s stock valued at $14,902,000 after purchasing an additional 167,594 shares during the last quarter. Bridgeway Capital Management LLC increased its position in shares of Par Pacific by 1.9% in the 4th quarter. Bridgeway Capital Management LLC now owns 797,218 shares of the company’s stock valued at $13,066,000 after purchasing an additional 15,240 shares during the last quarter. Finally, Solas Capital Management LLC raised its holdings in shares of Par Pacific by 417.7% in the 4th quarter. Solas Capital Management LLC now owns 795,000 shares of the company’s stock valued at $13,030,000 after purchasing an additional 641,423 shares in the last quarter. Hedge funds and other institutional investors own 92.15% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on the stock. Wall Street Zen downgraded shares of Par Pacific from a “hold” rating to a “sell” rating in a research note on Friday, February 28th. Mizuho lifted their price target on Par Pacific from $18.00 to $21.00 and gave the stock a “neutral” rating in a report on Tuesday, May 13th. TD Cowen dropped their price objective on Par Pacific from $21.00 to $17.00 and set a “buy” rating on the stock in a report on Thursday, February 27th. The Goldman Sachs Group raised Par Pacific from a “neutral” rating to a “buy” rating and raised their target price for the stock from $18.00 to $19.00 in a research report on Thursday, March 27th. Finally, Piper Sandler upped their price target on Par Pacific from $21.00 to $26.00 and gave the company an “overweight” rating in a report on Thursday, May 8th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and five have issued a buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $21.25.

Par Pacific Stock Up 2.0%

Shares of NYSE PARR opened at $21.95 on Monday. The business has a 50-day moving average price of $15.41 and a 200 day moving average price of $15.96. The stock has a market cap of $1.13 billion, a PE ratio of 4.25 and a beta of 1.50. The company has a quick ratio of 0.66, a current ratio of 1.69 and a debt-to-equity ratio of 0.84. Par Pacific Holdings, Inc. has a 52-week low of $11.86 and a 52-week high of $27.82.

Par Pacific (NYSE:PARR) last posted its quarterly earnings data on Monday, May 5th. The company reported ($0.94) earnings per share for the quarter, missing the consensus estimate of ($0.40) by ($0.54). The firm had revenue of $1.75 billion during the quarter, compared to analyst estimates of $1.49 billion. Par Pacific had a net margin of 3.74% and a return on equity of 10.06%. Par Pacific’s revenue was down 11.9% compared to the same quarter last year. During the same period in the previous year, the company posted $0.69 earnings per share. Equities research analysts forecast that Par Pacific Holdings, Inc. will post 0.15 earnings per share for the current year.

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.