Truvestments Capital LLC Increases Stock Position in Par Pacific Holdings, Inc. (NYSE:PARR)

Truvestments Capital LLC raised its holdings in shares of Par Pacific Holdings, Inc. (NYSE:PARR) by 25.6% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 16,950 shares of the company’s stock after purchasing an additional 3,452 shares during the period. Truvestments Capital LLC’s holdings in Par Pacific were worth $298,000 at the end of the most recent quarter.

Other hedge funds have also recently modified their holdings of the company. SummerHaven Investment Management LLC boosted 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 acquiring an additional 563 shares during the last quarter. Simplicity Wealth LLC lifted 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 buying an additional 677 shares during the period. Linden Thomas Advisory Services LLC boosted its stake in shares of Par Pacific by 1.6% in the 2nd quarter. Linden Thomas Advisory Services LLC now owns 43,892 shares of the company’s stock worth $1,108,000 after buying an additional 703 shares during the last quarter. Headlands Technologies LLC grew its holdings in shares of Par Pacific by 215.1% in the second quarter. Headlands Technologies LLC now owns 1,166 shares of the company’s stock worth $29,000 after acquiring an additional 796 shares during the period. Finally, State of Alaska Department of Revenue increased its position in Par Pacific by 2.6% during the third quarter. State of Alaska Department of Revenue now owns 32,145 shares of the company’s stock valued at $565,000 after acquiring an additional 810 shares during the last quarter. Hedge funds and other institutional investors own 92.15% of the company’s stock.

Par Pacific Trading Up 0.2 %

Shares of Par Pacific stock opened at $17.63 on Tuesday. Par Pacific Holdings, Inc. has a fifty-two week low of $14.84 and a fifty-two week high of $40.69. The company has a debt-to-equity ratio of 0.84, a quick ratio of 0.66 and a current ratio of 1.69. The company has a market capitalization of $986.40 million, a P/E ratio of 3.42 and a beta of 1.99. The company has a fifty day moving average of $17.46 and a 200 day moving average of $21.89.

Par Pacific (NYSE:PARR) last announced its quarterly earnings data on Monday, November 4th. The company reported ($0.10) EPS for the quarter, beating the consensus estimate of ($0.12) by $0.02. Par Pacific had a return on equity of 10.06% and a net margin of 3.74%. The business had revenue of $2.14 billion for the quarter, compared to the consensus estimate of $1.88 billion. During the same period in the previous year, the business earned $3.15 earnings per share. The business’s revenue was down 16.9% on a year-over-year basis. On average, sell-side analysts anticipate that Par Pacific Holdings, Inc. will post 0.95 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

PARR has been the subject of several research reports. The Goldman Sachs Group reduced their price target on shares of Par Pacific from $32.00 to $28.00 and set a “neutral” rating for the company in a research report on Wednesday, October 9th. StockNews.com upgraded shares of Par Pacific from a “sell” rating to a “hold” rating in a research note on Thursday, November 14th. UBS Group reduced their price objective on Par Pacific from $40.00 to $29.00 and set a “neutral” rating for the company in a research note on Monday, August 19th. Tudor Pickering upgraded Par Pacific to a “hold” rating in a research report on Monday, September 9th. Finally, TD Cowen reduced their price target on Par Pacific from $36.00 to $32.00 and set a “buy” rating for the company in a research report on Friday, August 9th. Six analysts have rated the stock with a hold rating and three have given a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $28.00.

Par Pacific 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.