Shares of Par Pacific Holdings, Inc. (NYSEAMERICAN:PARR) have been assigned a consensus rating of “Buy” from the six research firms that are covering the firm, MarketBeat reports. One research analyst has rated the stock with a sell recommendation and five have assigned a buy recommendation to the company. The average twelve-month price target among brokers that have issued ratings on the stock in the last year is $21.50.
Several research firms have issued reports on PARR. BidaskClub lowered Par Pacific from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, November 7th. Mizuho reiterated a “buy” rating and set a $23.00 price objective on shares of Par Pacific in a research note on Friday, October 27th. Finally, Zacks Investment Research lowered Par Pacific from a “buy” rating to a “strong sell” rating in a research note on Tuesday, November 14th.
Par Pacific (NYSEAMERICAN PARR) traded up $0.50 during trading on Wednesday, reaching $17.95. The company’s stock had a trading volume of 92,705 shares, compared to its average volume of 251,751. The company has a quick ratio of 0.35, a current ratio of 1.09 and a debt-to-equity ratio of 0.71. Par Pacific has a 1 year low of $14.05 and a 1 year high of $21.94. The firm has a market capitalization of $821.27, a price-to-earnings ratio of 11.75 and a beta of 0.29.
Several large investors have recently made changes to their positions in the company. BlackRock Inc. increased its position in Par Pacific by 76.3% in the fourth quarter. BlackRock Inc. now owns 3,789,929 shares of the oil and gas company’s stock worth $73,069,000 after purchasing an additional 1,640,205 shares during the period. LSV Asset Management increased its position in Par Pacific by 909.4% in the fourth quarter. LSV Asset Management now owns 1,036,606 shares of the oil and gas company’s stock worth $19,985,000 after purchasing an additional 933,906 shares during the period. Acadian Asset Management LLC increased its position in Par Pacific by 63.0% in the fourth quarter. Acadian Asset Management LLC now owns 585,892 shares of the oil and gas company’s stock worth $11,298,000 after purchasing an additional 226,553 shares during the period. Renaissance Technologies LLC increased its position in Par Pacific by 30.1% in the fourth quarter. Renaissance Technologies LLC now owns 577,100 shares of the oil and gas company’s stock worth $11,126,000 after purchasing an additional 133,600 shares during the period. Finally, Teachers Advisors LLC increased its position in Par Pacific by 8.3% in the fourth quarter. Teachers Advisors LLC now owns 571,762 shares of the oil and gas company’s stock worth $11,024,000 after purchasing an additional 43,600 shares during the period. Institutional investors own 83.57% of the company’s stock.
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About Par Pacific
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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