Par Pacific Holdings, Inc. (NYSE:PARR) Shares Sold by Swiss National Bank

Swiss National Bank lowered its holdings in shares of Par Pacific Holdings, Inc. (NYSE:PARR) by 2.1% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 110,759 shares of the company’s stock after selling 2,400 shares during the period. Swiss National Bank’s holdings in Par Pacific were worth $1,815,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in PARR. Intech Investment Management LLC acquired a new stake in Par Pacific in the third quarter worth about $315,000. Charles Schwab Investment Management Inc. lifted its stake in shares of Par Pacific by 1.8% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 741,626 shares of the company’s stock worth $13,053,000 after acquiring an additional 13,457 shares during the period. Dynamic Technology Lab Private Ltd bought a new position in shares of Par Pacific in the third quarter valued at approximately $385,000. FMR LLC boosted its holdings in shares of Par Pacific by 126.7% in the third quarter. FMR LLC now owns 8,634 shares of the company’s stock valued at $152,000 after acquiring an additional 4,826 shares in the last quarter. Finally, BNP Paribas Financial Markets increased its stake in shares of Par Pacific by 196.5% during the third quarter. BNP Paribas Financial Markets now owns 44,416 shares of the company’s stock valued at $782,000 after acquiring an additional 29,435 shares during the period. Institutional investors and hedge funds own 92.15% of the company’s stock.

Par Pacific Price Performance

PARR stock opened at $14.25 on Friday. The firm has a 50-day moving average of $15.37 and a two-hundred day moving average of $16.57. The firm has a market capitalization of $780.38 million, a PE ratio of 2.76 and a beta of 2.01. 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 one year low of $11.86 and a one year high of $40.20.

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

Analyst Ratings Changes

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

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.