Oregon Public Employees Retirement Fund trimmed its holdings in Par Pacific Holdings, Inc. (NYSE:PARR – Free Report) by 3.5% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 17,802 shares of the company’s stock after selling 650 shares during the quarter. Oregon Public Employees Retirement Fund’s holdings in Par Pacific were worth $520,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other hedge funds also recently bought and sold shares of PARR. JPMorgan Chase & Co. lifted its stake in Par Pacific by 23.7% during the first quarter. JPMorgan Chase & Co. now owns 440,701 shares of the company’s stock valued at $5,738,000 after buying an additional 84,454 shares in the last quarter. Citigroup Inc. lifted its stake in Par Pacific by 76.8% during the first quarter. Citigroup Inc. now owns 89,635 shares of the company’s stock valued at $1,166,000 after buying an additional 38,945 shares in the last quarter. PNC Financial Services Group Inc. lifted its stake 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 valued at $98,000 after buying an additional 854 shares in the last quarter. MetLife Investment Management LLC lifted its stake in Par Pacific by 53.1% during the first quarter. MetLife Investment Management LLC now owns 24,931 shares of the company’s stock valued at $325,000 after buying an additional 8,649 shares in the last quarter. Finally, Rhumbline Advisers lifted its stake in Par Pacific by 9.7% during the first quarter. Rhumbline Advisers now owns 126,220 shares of the company’s stock valued at $1,643,000 after buying an additional 11,201 shares in the last quarter. 93.23% of the stock is owned by hedge funds and other institutional investors.
Analyst Ratings Changes
Several equities analysts have commented on the company. TD Cowen lowered their price target on Par Pacific from $32.00 to $28.00 and set an “outperform” rating on the stock in a report on Friday, May 5th. StockNews.com raised Par Pacific from a “hold” rating to a “buy” rating in a research report on Thursday, August 3rd. Finally, Piper Sandler increased their price objective on Par Pacific from $36.00 to $46.00 and gave the company an “overweight” rating in a research report on Friday. Three equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $32.14.
Par Pacific Stock Up 2.1 %
Shares of NYSE PARR opened at $37.01 on Friday. The stock has a market cap of $2.26 billion, a PE ratio of 3.61 and a beta of 2.11. The business has a fifty day moving average of $27.73 and a two-hundred day moving average of $26.34. Par Pacific Holdings, Inc. has a 52-week low of $14.42 and a 52-week high of $37.49. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.65 and a current ratio of 1.24.
About Par Pacific
Par Pacific Holdings, Inc owns and operates energy and infrastructure businesses. The company operates through three segments: Refining, Retail, and Logistics. The Refining segment owns and operates three refineries that produces ultra-low sulfur diesel, gasoline, jet fuel, marine fuel, distillate, asphalt, low sulfur fuel oil, and other associated refined products primarily for consumption in Hawaii, Pacific Northwest, Wyoming, and South Dakota.
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