Par Pacific Holdings, Inc. (NYSEAMERICAN:PARR) VP James Matthew Vaughn sold 26,821 shares of Par Pacific stock in a transaction that occurred on Tuesday, May 15th. The shares were sold at an average price of $17.60, for a total transaction of $472,049.60. Following the sale, the vice president now owns 48,693 shares in the company, valued at approximately $856,996.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.
PARR traded up $0.04 during trading hours on Thursday, hitting $17.57. The company’s stock had a trading volume of 17,071 shares, compared to its average volume of 208,335. Par Pacific Holdings, Inc. has a 12 month low of $17.42 and a 12 month high of $17.68. The company has a debt-to-equity ratio of 0.71, a quick ratio of 0.35 and a current ratio of 1.09.
Par Pacific (NYSEAMERICAN:PARR) last announced its quarterly earnings results on Tuesday, May 8th. The oil and gas company reported $0.18 earnings per share for the quarter. Par Pacific had a net margin of 2.87% and a return on equity of 17.03%. The company had revenue of $765.44 million for the quarter, compared to analysts’ expectations of $663.50 million. sell-side analysts anticipate that Par Pacific Holdings, Inc. will post 1.33 earnings per share for the current year.
A number of institutional investors and hedge funds have recently made changes to their positions in the stock. 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 last quarter. Dimensional Fund Advisors LP increased its position in Par Pacific by 18.5% in the first quarter. Dimensional Fund Advisors LP now owns 1,498,549 shares of the oil and gas company’s stock worth $25,730,000 after purchasing an additional 234,188 shares during the last quarter. LSV Asset Management increased its position in Par Pacific by 10.3% in the first quarter. LSV Asset Management now owns 1,143,006 shares of the oil and gas company’s stock worth $19,625,000 after purchasing an additional 106,400 shares during the last quarter. Park West Asset Management LLC increased its position in Par Pacific by 53.0% in the first quarter. Park West Asset Management LLC now owns 725,000 shares of the oil and gas company’s stock worth $12,448,000 after purchasing an additional 251,097 shares during the last quarter. Finally, 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 last quarter. Institutional investors own 83.57% of the company’s stock.
Separately, Zacks Investment Research upgraded shares of Par Pacific from a “hold” rating to a “buy” rating and set a $20.00 price target on the stock in a research report on Wednesday, April 11th. Six research analysts have rated the stock with a buy rating, Par Pacific has an average rating of “Buy” and an average price target of $21.00.
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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