Par Pacific Holdings, Inc. (NYSE:PARR) Position Cut by Trexquant Investment LP

Trexquant Investment LP trimmed its holdings in Par Pacific Holdings, Inc. (NYSE:PARR) by 39.7% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 88,830 shares of the company’s stock after selling 58,489 shares during the quarter. Trexquant Investment LP’s holdings in Par Pacific were worth $3,231,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also added to or reduced their stakes in PARR. Dimensional Fund Advisors LP lifted its position in shares of Par Pacific by 0.6% during the 4th quarter. Dimensional Fund Advisors LP now owns 2,133,303 shares of the company’s stock valued at $77,589,000 after acquiring an additional 12,777 shares during the last quarter. Jacobs Levy Equity Management Inc. lifted its position in shares of Par Pacific by 14.2% during the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 1,243,068 shares of the company’s stock valued at $44,676,000 after acquiring an additional 154,571 shares during the last quarter. Boston Partners lifted its position in shares of Par Pacific by 6.6% during the 3rd quarter. Boston Partners now owns 1,127,022 shares of the company’s stock valued at $40,016,000 after acquiring an additional 69,475 shares during the last quarter. American Century Companies Inc. lifted its position in shares of Par Pacific by 14.6% during the 3rd quarter. American Century Companies Inc. now owns 727,232 shares of the company’s stock valued at $26,137,000 after acquiring an additional 92,537 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its position in shares of Par Pacific by 1.5% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 645,394 shares of the company’s stock valued at $23,473,000 after acquiring an additional 9,650 shares during the last quarter. 92.15% of the stock is owned by institutional investors.

Insider Activity at Par Pacific

In related news, CAO Ivan Daniel Guerra sold 6,000 shares of the firm’s stock in a transaction that occurred on Wednesday, March 13th. The shares were sold at an average price of $37.49, for a total value of $224,940.00. Following the completion of the sale, the chief accounting officer now owns 16,200 shares of the company’s stock, valued at $607,338. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other Par Pacific news, insider Jeffrey Ryan Hollis sold 4,700 shares of Par Pacific stock in a transaction on Wednesday, March 13th. The shares were sold at an average price of $37.39, for a total transaction of $175,733.00. Following the completion of the sale, the insider now owns 13,176 shares of the company’s stock, valued at approximately $492,650.64. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CAO Ivan Daniel Guerra sold 6,000 shares of Par Pacific stock in a transaction on Wednesday, March 13th. The stock was sold at an average price of $37.49, for a total transaction of $224,940.00. Following the sale, the chief accounting officer now directly owns 16,200 shares of the company’s stock, valued at approximately $607,338. The disclosure for this sale can be found here. 4.40% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on the company. TD Cowen reduced their target price on Par Pacific from $45.00 to $42.00 and set a “buy” rating for the company in a report on Wednesday, May 8th. StockNews.com downgraded Par Pacific from a “buy” rating to a “hold” rating in a research report on Monday, March 4th. Finally, Piper Sandler decreased their target price on Par Pacific from $47.00 to $43.00 and set an “overweight” rating on the stock in a research report on Tuesday, May 14th. Three analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $39.25.

Par Pacific Stock Performance

PARR stock traded down $0.36 during trading on Friday, reaching $27.28. 389,654 shares of the stock were exchanged, compared to its average volume of 722,763. Par Pacific Holdings, Inc. has a twelve month low of $20.53 and a twelve month high of $40.69. The company has a market capitalization of $1.58 billion, a P/E ratio of 3.41 and a beta of 1.98. The stock has a 50 day simple moving average of $33.18 and a 200-day simple moving average of $34.79. The company has a current ratio of 1.28, a quick ratio of 0.50 and a debt-to-equity ratio of 0.49.

Par Pacific (NYSE:PARR) last posted its earnings results on Tuesday, February 27th. The company reported $1.08 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.11 by ($0.03). Par Pacific had a net margin of 5.71% and a return on equity of 35.02%. The firm had revenue of $2.18 billion during the quarter, compared to the consensus estimate of $2.45 billion. As a group, sell-side analysts anticipate that Par Pacific Holdings, Inc. will post 4.04 earnings per share for the current year.

Par Pacific Company 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.