Linden Thomas Advisory Services LLC Decreases Stake in Par Pacific Holdings, Inc. (NYSE:PARR)

Linden Thomas Advisory Services LLC lowered its holdings in Par Pacific Holdings, Inc. (NYSE:PARR) by 2.5% in the 4th quarter, Holdings Channel reports. The firm owned 42,571 shares of the company’s stock after selling 1,104 shares during the period. Linden Thomas Advisory Services LLC’s holdings in Par Pacific were worth $698,000 as of its most recent SEC filing.

Other hedge funds have also recently modified their holdings of the company. Harbor Capital Advisors Inc. raised its stake in shares of Par Pacific by 160.2% in the third quarter. Harbor Capital Advisors Inc. now owns 513,254 shares of the company’s stock worth $9,033,000 after purchasing an additional 315,967 shares during the last quarter. Walleye Capital LLC increased its position in Par Pacific by 1,014.3% during the third quarter. Walleye Capital LLC now owns 273,868 shares of the company’s stock valued at $4,820,000 after acquiring an additional 249,290 shares during the last quarter. State Street Corp increased its position in Par Pacific by 10.5% during the third quarter. State Street Corp now owns 3,461,282 shares of the company’s stock valued at $60,919,000 after acquiring an additional 328,325 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in Par Pacific by 7.4% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 127,732 shares of the company’s stock valued at $2,248,000 after acquiring an additional 8,844 shares during the last quarter. Finally, Algert Global LLC increased its position in Par Pacific by 63.8% during the third quarter. Algert Global LLC now owns 303,970 shares of the company’s stock valued at $5,350,000 after acquiring an additional 118,393 shares during the last quarter. Hedge funds and other institutional investors own 92.15% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts recently commented on the company. StockNews.com upgraded Par Pacific from a “sell” rating to a “hold” rating in a research report on Thursday, November 14th. Raymond James assumed coverage on Par Pacific in a research report on Friday. They set an “outperform” rating and a $25.00 price objective for the company. JPMorgan Chase & Co. reduced their price objective on Par Pacific from $27.00 to $26.00 and set an “overweight” rating for the company in a research report on Thursday, January 16th. The Goldman Sachs Group reduced their price objective on Par Pacific from $26.00 to $23.00 and set a “neutral” rating for the company in a research report on Thursday, December 19th. Finally, Mizuho downgraded Par Pacific from an “outperform” rating to a “neutral” rating and decreased their price objective for the stock from $26.00 to $22.00 in a research note on Monday, December 16th. Seven investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $25.71.

Insider Buying and Selling

In other Par Pacific news, Director William Pate sold 67,700 shares of the firm’s stock in a transaction that occurred on Thursday, December 12th. The stock was sold at an average price of $16.22, for a total transaction of $1,098,094.00. Following the completion of the transaction, the director now owns 524,610 shares in the company, valued at $8,509,174.20. This trade represents a 11.43 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. 4.40% of the stock is currently owned by company insiders.

Par Pacific Stock Down 1.1 %

NYSE PARR opened at $17.49 on Monday. The stock’s 50-day moving average price is $16.87 and its 200-day moving average price is $19.06. 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 $14.84 and a 52 week high of $40.69. The company has a market capitalization of $978.79 million, a P/E ratio of 3.39 and a beta of 2.00.

Par Pacific (NYSE:PARR) last released its earnings results on Monday, November 4th. The company reported ($0.10) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.12) by $0.02. Par Pacific had a return on equity of 10.06% and a net margin of 3.74%. The firm had revenue of $2.14 billion during the quarter, compared to analysts’ expectations of $1.88 billion. During the same quarter last year, the business posted $3.15 earnings per share. The firm’s revenue was down 16.9% on a year-over-year basis. On average, equities research analysts predict that Par Pacific Holdings, Inc. will post 0.14 earnings per share for the current 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.