Commonwealth of Pennsylvania Public School Empls Retrmt SYS lowered its position in Par Pacific Holdings, Inc. (NYSE:PARR – Free Report) by 1.1% during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 58,757 shares of the company’s stock after selling 633 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS owned 0.10% of Par Pacific worth $1,716,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also added to or reduced their stakes in the company. KBC Group NV boosted its holdings in Par Pacific by 13.7% in the first quarter. KBC Group NV now owns 4,647 shares of the company’s stock worth $136,000 after acquiring an additional 560 shares in the last quarter. Captrust Financial Advisors boosted its holdings in Par Pacific by 53.3% in the first quarter. Captrust Financial Advisors now owns 5,181 shares of the company’s stock worth $67,000 after acquiring an additional 1,801 shares in the last quarter. Robeco Institutional Asset Management B.V. purchased a new stake in shares of Par Pacific in the first quarter worth approximately $188,000. Point72 Asset Management L.P. purchased a new stake in shares of Par Pacific in the second quarter worth approximately $108,000. Finally, Point72 Hong Kong Ltd purchased a new stake in shares of Par Pacific in the second quarter worth approximately $113,000. Institutional investors own 93.23% of the company’s stock.
Insider Activity at Par Pacific
In other Par Pacific news, insider Jeffrey Ryan Hollis sold 3,125 shares of the firm’s stock in a transaction on Monday, August 14th. The stock was sold at an average price of $36.69, for a total value of $114,656.25. Following the completion of the sale, the insider now directly owns 14,590 shares of the company’s stock, valued at $535,307.10. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other Par Pacific news, insider Jeffrey Ryan Hollis sold 3,125 shares of the firm’s stock in a transaction on Monday, August 14th. The stock was sold at an average price of $36.69, for a total value of $114,656.25. Following the completion of the sale, the insider now directly owns 14,590 shares of the company’s stock, valued at $535,307.10. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, President William Monteleone sold 14,063 shares of the firm’s stock in a transaction on Monday, August 14th. The stock was sold at an average price of $34.98, for a total value of $491,923.74. Following the completion of the sale, the president now directly owns 309,720 shares of the company’s stock, valued at $10,834,005.60. The disclosure for this sale can be found here. Over the last three months, insiders sold 132,287 shares of company stock valued at $4,617,780. 4.90% of the stock is owned by insiders.
Par Pacific Stock Performance
Analysts Set New Price Targets
Several analysts have recently commented on the company. Piper Sandler increased their price objective on Par Pacific from $36.00 to $46.00 and gave the stock an “overweight” rating in a research note on Friday, August 11th. TD Cowen lowered their price objective on Par Pacific from $32.00 to $28.00 and set an “outperform” rating for the company in a research note on Friday, May 5th. Finally, StockNews.com downgraded Par Pacific from a “buy” rating to a “hold” rating in a research note on Wednesday. Four analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to data from MarketBeat, Par Pacific has an average rating of “Moderate Buy” and a consensus price target of $32.14.
Read Our Latest Report on PARR
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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