Squarepoint Ops LLC Invests $1.93 Million in Par Pacific Holdings, Inc. (NYSE:PARR)

Squarepoint Ops LLC acquired a new stake in shares of Par Pacific Holdings, Inc. (NYSE:PARR) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 76,521 shares of the company’s stock, valued at approximately $1,932,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Dimensional Fund Advisors LP lifted its holdings in shares of Par Pacific by 0.8% during the 2nd quarter. Dimensional Fund Advisors LP now owns 2,136,956 shares of the company’s stock valued at $53,956,000 after buying an additional 17,509 shares during the period. American Century Companies Inc. lifted its holdings in Par Pacific by 13.9% in the second quarter. American Century Companies Inc. now owns 1,435,794 shares of the company’s stock valued at $36,254,000 after acquiring an additional 175,331 shares during the period. Goldman Sachs Group Inc. boosted its position in Par Pacific by 28.0% in the fourth quarter. Goldman Sachs Group Inc. now owns 1,227,239 shares of the company’s stock worth $44,635,000 after purchasing an additional 268,219 shares during the last quarter. Hennessy Advisors Inc. grew its stake in shares of Par Pacific by 18.7% during the 1st quarter. Hennessy Advisors Inc. now owns 853,000 shares of the company’s stock valued at $31,612,000 after purchasing an additional 134,600 shares during the period. Finally, Bridgeway Capital Management LLC increased its position in shares of Par Pacific by 2.6% during the 1st quarter. Bridgeway Capital Management LLC now owns 647,880 shares of the company’s stock valued at $24,010,000 after purchasing an additional 16,653 shares during the last quarter. Hedge funds and other institutional investors own 92.15% of the company’s stock.

Par Pacific Stock Up 6.7 %

NYSE PARR opened at $19.32 on Friday. Par Pacific Holdings, Inc. has a 12 month low of $17.06 and a 12 month high of $40.69. The company has a current ratio of 1.63, a quick ratio of 0.59 and a debt-to-equity ratio of 0.84. The stock has a market cap of $1.09 billion, a PE ratio of 2.42 and a beta of 1.99. The stock’s 50 day moving average is $21.40 and its 200 day moving average is $26.55.

Par Pacific (NYSE:PARR) last issued its earnings results on Tuesday, August 6th. The company reported $0.49 earnings per share for the quarter, topping analysts’ consensus estimates of $0.13 by $0.36. The firm had revenue of $2.02 billion during the quarter, compared to analyst estimates of $1.82 billion. Par Pacific had a net margin of 5.43% and a return on equity of 26.40%. Par Pacific’s revenue for the quarter was up 13.1% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.73 earnings per share. Research analysts predict that Par Pacific Holdings, Inc. will post 1.34 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on PARR shares. Tudor Pickering raised shares of Par Pacific to a “hold” rating in a report on Monday, September 9th. Tudor, Pickering, Holt & Co. lowered Par Pacific from a “buy” rating to a “hold” rating in a research note on Monday, September 9th. Piper Sandler downgraded Par Pacific from an “overweight” rating to a “neutral” rating and lowered their target price for the company from $37.00 to $23.00 in a research report on Friday, September 20th. The Goldman Sachs Group cut their price target on Par Pacific from $37.00 to $32.00 and set a “neutral” rating for the company in a report on Wednesday, July 31st. Finally, UBS Group lowered their price objective on Par Pacific from $40.00 to $29.00 and set a “neutral” rating on the stock in a research report on Monday, August 19th. 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 company currently has a consensus rating of “Hold” and an average price target of $29.00.

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.