Engineers Gate Manager LP Buys Shares of 31,833 Par Pacific Holdings, Inc. (PARR)

Engineers Gate Manager LP bought a new stake in Par Pacific Holdings, Inc. (NYSEAMERICAN:PARR) during the fourth quarter, according to its most recent filing with the SEC. The firm bought 31,833 shares of the oil and gas company’s stock, valued at approximately $614,000. Engineers Gate Manager LP owned about 0.07% of Par Pacific at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of the stock. Algert Global LLC acquired a new stake in Par Pacific in the 4th quarter worth $207,000. Louisiana State Employees Retirement System acquired a new stake in shares of Par Pacific during the 4th quarter valued at about $208,000. Cubist Systematic Strategies LLC acquired a new stake in shares of Par Pacific during the 3rd quarter valued at about $254,000. First Quadrant L P CA acquired a new stake in shares of Par Pacific during the 4th quarter valued at about $266,000. Finally, Jane Street Group LLC acquired a new stake in shares of Par Pacific during the 3rd quarter valued at about $272,000. Institutional investors and hedge funds own 83.57% of the company’s stock.

Par Pacific Holdings, Inc. (PARR) opened at $17.45 on Tuesday. The firm has a market cap of $769.54, a P/E ratio of 11.48 and a beta of 0.29. Par Pacific Holdings, Inc. has a 1-year low of $14.05 and a 1-year high of $21.94. The company has a quick ratio of 0.35, a current ratio of 1.09 and a debt-to-equity ratio of 0.71.

PARR has been the subject of several analyst reports. Cowen reissued a “buy” rating and set a $20.00 price target on shares of Par Pacific in a report on Tuesday, October 17th. Mizuho reaffirmed a “buy” rating and issued a $23.00 target price on shares of Par Pacific in a research note on Friday, October 27th. BidaskClub downgraded shares of Par Pacific from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, November 7th. Finally, Zacks Investment Research downgraded shares of Par Pacific from a “buy” rating to a “strong sell” rating in a research note on Tuesday, November 14th. One equities research analyst has rated the stock with a sell rating and five have given a buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus price target of $21.33.

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Par Pacific Profile

Par Pacific Holdings, Inc owns, manages, and maintains interests in energy and infrastructure businesses. It operates through three segments: Refining, Retail, and Logistics. The Refining segment operates a refinery that produces ultra-low sulfur diesel, gasoline, jet fuel, marine fuel, and other associated refined products.

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Institutional Ownership by Quarter for Par Pacific (NYSEAMERICAN:PARR)

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