Teacher Retirement System of Texas Cuts Stock Holdings in Par Pacific Holdings, Inc. (NYSE:PARR)

Teacher Retirement System of Texas lowered its position in Par Pacific Holdings, Inc. (NYSE:PARR) by 38.3% in the 4th quarter, HoldingsChannel.com reports. The firm owned 33,786 shares of the company’s stock after selling 20,993 shares during the period. Teacher Retirement System of Texas’ holdings in Par Pacific were worth $554,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in PARR. GAMMA Investing LLC increased its stake in Par Pacific by 232.5% in the 4th quarter. GAMMA Investing LLC now owns 1,669 shares of the company’s stock valued at $27,000 after buying an additional 1,167 shares during the last quarter. US Bancorp DE grew its holdings in shares of Par Pacific by 55.7% in the fourth quarter. US Bancorp DE now owns 1,823 shares of the company’s stock valued at $30,000 after acquiring an additional 652 shares in the last quarter. Nisa Investment Advisors LLC increased its position in shares of Par Pacific by 37.7% during the fourth quarter. Nisa Investment Advisors LLC now owns 2,557 shares of the company’s stock valued at $42,000 after acquiring an additional 700 shares during the last quarter. Allworth Financial LP boosted its position in Par Pacific by 4,804.2% in the fourth quarter. Allworth Financial LP now owns 8,141 shares of the company’s stock worth $139,000 after purchasing an additional 7,975 shares during the last quarter. Finally, FMR LLC grew its stake in Par Pacific by 126.7% in the 3rd quarter. FMR LLC now owns 8,634 shares of the company’s stock valued at $152,000 after purchasing an additional 4,826 shares during the period. 92.15% of the stock is currently owned by hedge funds and other institutional investors.

Par Pacific Price Performance

Shares of NYSE PARR opened at $14.25 on Monday. The stock has a fifty day moving average of $15.37 and a 200-day moving average of $16.54. The stock has a market cap of $780.38 million, a PE ratio of 2.76 and a beta of 2.01. The company has a debt-to-equity ratio of 0.84, a quick ratio of 0.66 and a current ratio of 1.69. Par Pacific Holdings, Inc. has a fifty-two week low of $11.86 and a fifty-two week high of $40.20.

Par Pacific (NYSE:PARR) last announced its quarterly earnings results on Tuesday, February 25th. The company reported ($0.79) earnings per share (EPS) 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 firm had revenue of $1.83 billion during the quarter, compared to analysts’ expectations of $1.68 billion. Equities research analysts anticipate that Par Pacific Holdings, Inc. will post 0.15 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of research firms have recently commented on PARR. TD Cowen lowered their target price on Par Pacific from $21.00 to $17.00 and set a “buy” rating on the stock in a research note on Thursday, February 27th. Mizuho downgraded shares of Par Pacific from an “outperform” rating to a “neutral” rating and reduced their target price for the company from $26.00 to $22.00 in a research report on Monday, December 16th. JPMorgan Chase & Co. lowered their price target on shares of Par Pacific from $27.00 to $26.00 and set an “overweight” rating on the stock in a report on Thursday, January 16th. StockNews.com downgraded Par Pacific from a “hold” rating to a “sell” rating in a research report on Friday, February 28th. Finally, Piper Sandler cut their price target on Par Pacific from $25.00 to $21.00 and set an “overweight” rating for the company in a research note on Friday, March 7th. One analyst has rated the stock with a sell rating, four have issued a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target 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.