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.
ILLEGAL ACTIVITY WARNING: “Engineers Gate Manager LP Buys Shares of 31,833 Par Pacific Holdings, Inc. (PARR)” was posted by Dispatch Tribunal and is the property of of Dispatch Tribunal. If you are reading this story on another site, it was illegally stolen and republished in violation of United States and international trademark and copyright legislation. The original version of this story can be viewed at https://www.dispatchtribunal.com/2018/02/13/engineers-gate-manager-lp-buys-shares-of-31833-par-pacific-holdings-inc-parr.html.
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.
Want to see what other hedge funds are holding PARR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Par Pacific Holdings, Inc. (NYSEAMERICAN:PARR).
Receive News & Ratings for Par Pacific Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Par Pacific and related companies with MarketBeat.com's FREE daily email newsletter.