Par Pacific Holdings, Inc. (NYSEAMERICAN:PARR) saw a significant increase in short interest in January. As of January 12th, there was short interest totalling 3,164,752 shares, an increase of 1.3% from the December 29th total of 3,123,302 shares. Based on an average trading volume of 291,412 shares, the short-interest ratio is presently 10.9 days. Currently, 7.0% of the company’s stock are short sold.
A number of institutional investors and hedge funds have recently bought and sold shares of PARR. Algert Global LLC acquired a new position in Par Pacific in the 4th quarter valued at about $207,000. Louisiana State Employees Retirement System purchased a new stake in shares of Par Pacific in the 4th quarter valued at approximately $208,000. Cubist Systematic Strategies LLC purchased a new stake in shares of Par Pacific in the 3rd quarter valued at approximately $254,000. Jane Street Group LLC purchased a new stake in shares of Par Pacific in the 3rd quarter valued at approximately $272,000. Finally, Meeder Asset Management Inc. raised its stake in shares of Par Pacific by 159.3% in the 4th quarter. Meeder Asset Management Inc. now owns 13,422 shares of the oil and gas company’s stock valued at $258,000 after acquiring an additional 8,245 shares during the period. Hedge funds and other institutional investors own 83.57% of the company’s stock.
Several research analysts recently issued reports on PARR shares. BidaskClub cut shares of Par Pacific from a “strong-buy” rating to a “buy” rating in a report on Tuesday, November 7th. Zacks Investment Research raised shares of Par Pacific from a “strong sell” rating to a “hold” rating in a report on Wednesday, December 20th. Cowen reaffirmed a “buy” rating and issued a $20.00 price objective on shares of Par Pacific in a report on Tuesday, October 17th. Finally, Mizuho reiterated a “buy” rating and issued a $23.00 target price on shares of Par Pacific in a research report on Friday, October 27th. One analyst has rated the stock with a sell rating and five have issued a buy rating to the company. Par Pacific presently has an average rating of “Buy” and a consensus target price of $21.33.
Par Pacific (PARR) opened at $17.45 on Tuesday. The firm has a market cap of $769.54, a PE ratio of 11.60 and a beta of 0.29. Par Pacific has a 52-week low of $14.05 and a 52-week high of $21.94. The company has a debt-to-equity ratio of 0.71, a quick ratio of 0.35 and a current ratio of 1.09.
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Par Pacific Company 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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