American Century Companies Inc. Sells 69,038 Shares of Par Pacific Holdings, Inc. (NYSE:PARR)

American Century Companies Inc. decreased its stake in shares of Par Pacific Holdings, Inc. (NYSE:PARR) by 4.7% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,410,399 shares of the company’s stock after selling 69,038 shares during the quarter. American Century Companies Inc. owned approximately 2.52% of Par Pacific worth $23,116,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in PARR. State Street Corp raised its holdings in shares of Par Pacific by 10.5% in the 3rd quarter. State Street Corp now owns 3,461,282 shares of the company’s stock valued at $60,919,000 after purchasing an additional 328,325 shares in the last quarter. Walleye Capital LLC increased its holdings 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 buying an additional 249,290 shares during the period. Charles Schwab Investment Management Inc. raised its stake in Par Pacific by 22.6% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 909,220 shares of the company’s stock worth $14,902,000 after buying an additional 167,594 shares in the last quarter. Weiss Asset Management LP purchased a new stake in Par Pacific during the third quarter worth $2,636,000. Finally, Yaupon Capital Management LP boosted its position in Par Pacific by 17.0% during the 3rd quarter. Yaupon Capital Management LP now owns 604,828 shares of the company’s stock valued at $10,645,000 after acquiring an additional 87,881 shares in the last quarter. 92.15% of the stock is owned by hedge funds and other institutional investors.

Par Pacific Price Performance

Shares of PARR stock opened at $14.25 on Friday. The company has a debt-to-equity ratio of 0.84, a current ratio of 1.69 and a quick ratio of 0.66. The company has a market capitalization of $780.38 million, a PE ratio of 2.76 and a beta of 2.01. The firm’s 50-day moving average is $15.37 and its two-hundred day moving average is $16.55. Par Pacific Holdings, Inc. has a 12 month low of $11.86 and a 12 month high of $40.20.

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

Analyst Upgrades and Downgrades

PARR has been the topic of several analyst reports. The Goldman Sachs Group upgraded Par Pacific from a “neutral” rating to a “buy” rating and lifted their target price for the company from $18.00 to $19.00 in a research note on Thursday. Mizuho downgraded shares of Par Pacific from an “outperform” rating to a “neutral” rating and cut their price objective for the stock from $26.00 to $22.00 in a research report on Monday, December 16th. StockNews.com cut shares of Par Pacific from a “hold” rating to a “sell” rating in a research report on Friday, February 28th. Piper Sandler cut their price target on shares of Par Pacific from $25.00 to $21.00 and set an “overweight” rating on the stock in a report on Friday, March 7th. Finally, Raymond James began coverage on Par Pacific in a report on Friday, January 24th. They set an “outperform” rating and a $25.00 price objective for the company. One research analyst has rated the stock with a sell rating, four have given a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $22.71.

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.