Beacon Harbor Wealth Advisors Inc. Has $4.96 Million Stock Position in Par Pacific Holdings, Inc. (NYSE:PARR)

Beacon Harbor Wealth Advisors Inc. raised its holdings in shares of Par Pacific Holdings, Inc. (NYSE:PARR) by 3.1% in the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 136,261 shares of the company’s stock after acquiring an additional 4,080 shares during the period. Beacon Harbor Wealth Advisors Inc. owned approximately 0.23% of Par Pacific worth $4,956,000 at the end of the most recent reporting period.

A number of other large investors have also made changes to their positions in PARR. Jacobs Levy Equity Management Inc. grew its holdings in shares of Par Pacific by 14.2% in the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 1,243,068 shares of the company’s stock valued at $44,676,000 after acquiring an additional 154,571 shares in the last quarter. Boston Partners increased its position in Par Pacific by 6.6% during the third quarter. Boston Partners now owns 1,127,022 shares of the company’s stock worth $40,016,000 after buying an additional 69,475 shares during the last quarter. Public Employees Retirement System of Ohio raised its stake in Par Pacific by 5,017.3% in the third quarter. Public Employees Retirement System of Ohio now owns 39,454 shares of the company’s stock valued at $1,418,000 after buying an additional 38,683 shares during the period. Hsbc Holdings PLC boosted its position in Par Pacific by 12.1% during the third quarter. Hsbc Holdings PLC now owns 258,976 shares of the company’s stock worth $9,355,000 after purchasing an additional 28,023 shares during the period. Finally, Dark Forest Capital Management LP bought a new position in shares of Par Pacific in the third quarter valued at about $881,000. Institutional investors own 92.15% of the company’s stock.

Par Pacific Trading Up 1.3 %

Shares of NYSE:PARR traded up $0.40 during midday trading on Thursday, reaching $30.89. The company’s stock had a trading volume of 206,868 shares, compared to its average volume of 831,378. The firm has a market capitalization of $1.83 billion, a price-to-earnings ratio of 2.55 and a beta of 1.98. The firm has a 50 day moving average price of $36.05 and a two-hundred day moving average price of $35.26. The company has a debt-to-equity ratio of 0.49, a quick ratio of 0.54 and a current ratio of 1.30. Par Pacific Holdings, Inc. has a fifty-two week low of $20.30 and a fifty-two week high of $40.69.

Par Pacific (NYSE:PARR) last announced its quarterly earnings data on Tuesday, February 27th. The company reported $1.08 EPS for the quarter, missing the consensus estimate of $1.11 by ($0.03). The company had revenue of $2.18 billion for the quarter, compared to analyst estimates of $2.45 billion. Par Pacific had a return on equity of 47.63% and a net margin of 8.85%. As a group, analysts forecast that Par Pacific Holdings, Inc. will post 4.56 earnings per share for the current year.

Insider Buying and Selling

In other news, insider Jeffrey Ryan Hollis sold 4,700 shares of the stock in a transaction dated Wednesday, March 13th. The shares were sold at an average price of $37.39, for a total value of $175,733.00. Following the completion of the sale, the insider now owns 13,176 shares in the company, valued at $492,650.64. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. In other Par Pacific news, CAO Ivan Daniel Guerra sold 6,000 shares of the business’s stock in a transaction on Wednesday, March 13th. The shares were sold at an average price of $37.49, for a total value of $224,940.00. Following the completion of the sale, the chief accounting officer now directly owns 16,200 shares of the company’s stock, valued at $607,338. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Jeffrey Ryan Hollis sold 4,700 shares of the firm’s stock in a transaction dated Wednesday, March 13th. The shares were sold at an average price of $37.39, for a total value of $175,733.00. Following the transaction, the insider now directly owns 13,176 shares in the company, valued at $492,650.64. The disclosure for this sale can be found here. 4.40% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on the stock. StockNews.com downgraded shares of Par Pacific from a “buy” rating to a “hold” rating in a research note on Monday, March 4th. Piper Sandler boosted their price target on Par Pacific from $43.00 to $47.00 and gave the company an “overweight” rating in a research note on Friday, April 5th. Three equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $36.75.

Par Pacific Company Profile

Par Pacific Holdings, Inc owns and operates energy and infrastructure businesses. The company operates through Refining, Retail, and Logistics segments. The Refining segment owns and operates refineries that produce gasoline, distillate, asphalt, and other products primarily for consumption in Kapolei, Hawaii, Newcastle, Wyoming, Tacoma, Washington, and Billings, Montana.