Par Pacific Holdings, Inc. (NYSE:PARR) Director Sells $1,098,094.00 in Stock

Par Pacific Holdings, Inc. (NYSE:PARR) Director William Pate sold 67,700 shares of the stock in a transaction that occurred on Thursday, December 12th. The shares were sold at an average price of $16.22, for a total transaction of $1,098,094.00. Following the sale, the director now directly owns 524,610 shares of the company’s stock, valued at approximately $8,509,174.20. This represents a 11.43 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.

Par Pacific Stock Up 2.0 %

NYSE:PARR traded up $0.32 on Friday, hitting $16.46. 693,799 shares of the company’s stock traded hands, compared to its average volume of 902,632. The company has a market cap of $920.97 million, a PE ratio of 3.19 and a beta of 1.99. Par Pacific Holdings, Inc. has a 1 year low of $14.84 and a 1 year high of $40.69. The company has a current ratio of 1.69, a quick ratio of 0.66 and a debt-to-equity ratio of 0.84. The firm has a 50-day moving average price of $16.99 and a 200-day moving average price of $20.87.

Par Pacific (NYSE:PARR) last announced its quarterly earnings data on Monday, November 4th. The company reported ($0.10) EPS for the quarter, beating analysts’ consensus estimates of ($0.12) by $0.02. The firm had revenue of $2.14 billion for the quarter, compared to the consensus estimate of $1.88 billion. Par Pacific had a net margin of 3.74% and a return on equity of 10.06%. The firm’s revenue was down 16.9% on a year-over-year basis. During the same period in the previous year, the firm posted $3.15 earnings per share. Equities analysts anticipate that Par Pacific Holdings, Inc. will post 0.83 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on the company. Piper Sandler lowered Par Pacific from an “overweight” rating to a “neutral” rating and reduced their price objective for the stock from $37.00 to $23.00 in a research note on Friday, September 20th. The Goldman Sachs Group decreased their price target on Par Pacific from $32.00 to $28.00 and set a “neutral” rating for the company in a research report on Wednesday, October 9th. Tudor Pickering upgraded Par Pacific to a “hold” rating in a report on Monday, September 9th. Mizuho decreased their target price on shares of Par Pacific from $28.00 to $26.00 and set an “outperform” rating for the company in a report on Wednesday, October 9th. Finally, JPMorgan Chase & Co. upgraded shares of Par Pacific from a “neutral” rating to an “overweight” rating and cut their price target for the company from $36.00 to $30.00 in a report on Wednesday, October 2nd. Six investment analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $28.00.

Institutional Trading of Par Pacific

Institutional investors have recently bought and sold shares of the company. Headlands Technologies LLC grew its position in Par Pacific by 215.1% in the second quarter. Headlands Technologies LLC now owns 1,166 shares of the company’s stock worth $29,000 after acquiring an additional 796 shares in the last quarter. Meeder Asset Management Inc. bought a new stake in Par Pacific in the second quarter worth $43,000. Quarry LP increased its position in Par Pacific by 610.5% during the second quarter. Quarry LP now owns 2,359 shares of the company’s stock worth $60,000 after buying an additional 2,027 shares during the last quarter. nVerses Capital LLC raised its holdings in Par Pacific by 41.7% during the second quarter. nVerses Capital LLC now owns 3,400 shares of the company’s stock valued at $86,000 after buying an additional 1,000 shares in the last quarter. Finally, Innealta Capital LLC acquired a new stake in shares of Par Pacific in the second quarter worth about $104,000. Institutional investors and hedge funds own 92.15% of the company’s stock.

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.