Hsbc Holdings PLC Has $3.90 Million Holdings in Par Pacific Holdings, Inc. (NYSE:PARR)

Hsbc Holdings PLC boosted its position in shares of Par Pacific Holdings, Inc. (NYSE:PARR – Get Rating) by 4.4% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 238,784 shares of the company’s stock after purchasing an additional 10,126 shares during the period. Hsbc Holdings PLC owned about 0.40% of Par Pacific worth $3,895,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in the company. Nisa Investment Advisors LLC grew its holdings in shares of Par Pacific by 77.3% in the 2nd quarter. Nisa Investment Advisors LLC now owns 1,950 shares of the company’s stock valued at $30,000 after acquiring an additional 850 shares in the last quarter. Captrust Financial Advisors grew its holdings in Par Pacific by 53.3% during the first quarter. Captrust Financial Advisors now owns 5,181 shares of the company’s stock worth $67,000 after purchasing an additional 1,801 shares during the period. PNC Financial Services Group Inc. grew its holdings in Par Pacific by 12.8% during the first quarter. PNC Financial Services Group Inc. now owns 7,513 shares of the company’s stock worth $98,000 after purchasing an additional 854 shares during the period. Counterpoint Mutual Funds LLC bought a new position in Par Pacific during the third quarter worth about $106,000. Finally, Point72 Asset Management L.P. bought a new position in Par Pacific during the second quarter worth about $108,000. Institutional investors own 92.76% of the company’s stock.

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Analyst Ratings Changes

Several equities research analysts have issued reports on the stock. StockNews.com upgraded shares of Par Pacific from a “hold” rating to a “buy” rating in a research report on Wednesday, January 25th. The Goldman Sachs Group lifted their price objective on shares of Par Pacific from $24.00 to $27.00 and gave the company a “neutral” rating in a research note on Tuesday, February 14th. Finally, Piper Sandler raised shares of Par Pacific from a “neutral” rating to an “overweight” rating and boosted their target price for the stock from $27.00 to $33.00 in a research note on Friday, January 20th. Two research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $26.17.

Par Pacific Price Performance

Shares of NYSE PARR opened at $27.70 on Friday. The firm’s 50-day moving average price is $24.90 and its 200-day moving average price is $21.85. Par Pacific Holdings, Inc. has a 1-year low of $11.66 and a 1-year high of $28.60. The firm has a market capitalization of $1.67 billion, a P/E ratio of 4.57 and a beta of 2.06. The company has a current ratio of 1.01, a quick ratio of 0.48 and a debt-to-equity ratio of 0.92.

About Par Pacific

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Par Pacific Holdings, Inc engages in the operation of energy and infrastructure businesses. It operates through the following segments: Refining, Retail, Logistics, and Other. The Refining segment produces ultra-low sulfur diesel, gasoline, jet fuel, marine fuel, low sulfur fuel oil, and other associated refined products.

Further Reading

• Get a free copy of the StockNews.com research report on Par Pacific (PARR)
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