Par Pacific Holdings, Inc. (NYSE:PARR) Shares Bought by Hennessy Advisors Inc.

Hennessy Advisors Inc. raised its position in Par Pacific Holdings, Inc. (NYSE:PARR) by 18.7% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 853,000 shares of the company’s stock after purchasing an additional 134,600 shares during the quarter. Par Pacific comprises 1.3% of Hennessy Advisors Inc.’s investment portfolio, making the stock its 17th biggest position. Hennessy Advisors Inc.’s holdings in Par Pacific were worth $31,612,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of PARR. Goldman Sachs Group Inc. lifted its holdings in shares of Par Pacific by 28.0% in the 4th quarter. Goldman Sachs Group Inc. now owns 1,227,239 shares of the company’s stock worth $44,635,000 after acquiring an additional 268,219 shares during the last quarter. Jacobs Levy Equity Management Inc. lifted 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 worth $44,676,000 after acquiring an additional 154,571 shares during the last quarter. Trexquant Investment LP acquired a new position in shares of Par Pacific in the 3rd quarter worth approximately $5,295,000. Allianz Asset Management GmbH lifted its holdings in shares of Par Pacific by 61.3% in the 4th quarter. Allianz Asset Management GmbH now owns 357,255 shares of the company’s stock worth $12,993,000 after acquiring an additional 135,730 shares during the last quarter. Finally, American Century Companies Inc. lifted its holdings in shares of Par Pacific by 14.6% in the 3rd quarter. American Century Companies Inc. now owns 727,232 shares of the company’s stock worth $26,137,000 after acquiring an additional 92,537 shares during the last quarter. 92.15% of the stock is currently owned by institutional investors and hedge funds.

Par Pacific Stock Up 1.5 %

PARR traded up $0.37 during trading hours on Friday, hitting $25.09. 623,825 shares of the company’s stock were exchanged, compared to its average volume of 814,220. Par Pacific Holdings, Inc. has a 12-month low of $23.78 and a 12-month high of $40.69. The firm has a 50 day moving average of $27.74 and a 200 day moving average of $33.36. The firm has a market cap of $1.45 billion, a P/E ratio of 3.17 and a beta of 1.99. The company has a current ratio of 1.28, a quick ratio of 0.50 and a debt-to-equity ratio of 0.49.

Par Pacific (NYSE:PARR) last announced its quarterly earnings data on Monday, May 6th. The company reported $0.69 EPS for the quarter, missing analysts’ consensus estimates of $0.75 by ($0.06). Par Pacific had a net margin of 5.71% and a return on equity of 35.02%. The firm had revenue of $1.98 billion during the quarter, compared to analysts’ expectations of $2.12 billion. Analysts predict that Par Pacific Holdings, Inc. will post 3.69 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on PARR shares. Piper Sandler decreased their price objective on shares of Par Pacific from $43.00 to $37.00 and set an “overweight” rating on the stock in a report on Friday, June 14th. StockNews.com downgraded shares of Par Pacific from a “buy” rating to a “hold” rating in a research note on Monday, March 4th. Finally, TD Cowen cut their target price on shares of Par Pacific from $42.00 to $36.00 and set a “buy” rating on the stock in a research note on Tuesday. Three investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $36.25.

About Par Pacific

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.