WINTON GROUP Ltd Boosts Stock Holdings in Par Pacific Holdings, Inc. (NYSE:PARR)

WINTON GROUP Ltd grew its position in shares of Par Pacific Holdings, Inc. (NYSE:PARR) by 802.8% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 134,185 shares of the company’s stock after purchasing an additional 119,321 shares during the quarter. WINTON GROUP Ltd owned approximately 0.23% of Par Pacific worth $3,388,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in the company. Quadrant Capital Group LLC increased its holdings in shares of Par Pacific by 91.4% during the 4th quarter. Quadrant Capital Group LLC now owns 959 shares of the company’s stock valued at $35,000 after purchasing an additional 458 shares in the last quarter. SummerHaven Investment Management LLC increased its holdings in shares of Par Pacific by 2.0% during the 2nd quarter. SummerHaven Investment Management LLC now owns 28,537 shares of the company’s stock valued at $721,000 after purchasing an additional 563 shares in the last quarter. Range Financial Group LLC increased its holdings in shares of Par Pacific by 9.8% during the 1st quarter. Range Financial Group LLC now owns 6,817 shares of the company’s stock valued at $253,000 after purchasing an additional 608 shares in the last quarter. Simplicity Wealth LLC increased its holdings in shares of Par Pacific by 5.1% during the 2nd quarter. Simplicity Wealth LLC now owns 13,949 shares of the company’s stock valued at $352,000 after purchasing an additional 677 shares in the last quarter. Finally, Linden Thomas Advisory Services LLC increased its holdings in shares of Par Pacific by 1.6% during the 2nd quarter. Linden Thomas Advisory Services LLC now owns 43,892 shares of the company’s stock valued at $1,108,000 after purchasing an additional 703 shares in the last quarter. 92.15% of the stock is owned by hedge funds and other institutional investors.

Par Pacific Price Performance

Par Pacific stock opened at $18.70 on Friday. Par Pacific Holdings, Inc. has a 52-week low of $18.00 and a 52-week high of $40.69. The firm has a market capitalization of $1.08 billion, a price-to-earnings ratio of 2.34 and a beta of 1.99. The company has a fifty day simple moving average of $22.93 and a 200-day simple moving average of $28.21. The company has a quick ratio of 0.59, a current ratio of 1.63 and a debt-to-equity ratio of 0.84.

Par Pacific (NYSE:PARR) last released its earnings results on Tuesday, August 6th. The company reported $0.49 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.13 by $0.36. Par Pacific had a net margin of 5.43% and a return on equity of 26.40%. The business had revenue of $2.02 billion during the quarter, compared to analyst estimates of $1.82 billion. During the same quarter in the prior year, the firm earned $1.73 earnings per share. The company’s revenue for the quarter was up 13.1% compared to the same quarter last year. On average, equities analysts anticipate that Par Pacific Holdings, Inc. will post 2.01 EPS for the current fiscal year.

Analyst Ratings Changes

PARR has been the subject of several recent analyst reports. Tudor, Pickering, Holt & Co. lowered shares of Par Pacific from a “buy” rating to a “hold” rating in a report on Monday, September 9th. JPMorgan Chase & Co. cut their price target on shares of Par Pacific from $38.00 to $36.00 and set a “neutral” rating for the company in a report on Tuesday, July 2nd. Piper Sandler cut their price target on shares of Par Pacific from $43.00 to $37.00 and set an “overweight” rating for the company in a report on Friday, June 14th. TD Cowen cut their price target on shares of Par Pacific from $36.00 to $32.00 and set a “buy” rating for the company in a report on Friday, August 9th. Finally, The Goldman Sachs Group cut their price target on shares of Par Pacific from $37.00 to $32.00 and set a “neutral” rating for the company in a report on Wednesday, July 31st. Six equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $33.17.

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.