Meeder Asset Management Inc. Purchases 11,684 Shares of Par Pacific Holdings, Inc. (NYSE:PARR)

Meeder Asset Management Inc. boosted its position in Par Pacific Holdings, Inc. (NYSE:PARR) by 683.3% during the third quarter, HoldingsChannel.com reports. The fund owned 13,394 shares of the company’s stock after buying an additional 11,684 shares during the quarter. Meeder Asset Management Inc.’s holdings in Par Pacific were worth $236,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the company. Millennium Management LLC boosted its holdings in shares of Par Pacific by 48.4% in the 2nd quarter. Millennium Management LLC now owns 1,952,754 shares of the company’s stock valued at $49,307,000 after purchasing an additional 636,908 shares in the last quarter. Harbor Capital Advisors Inc. boosted its stake in Par Pacific by 160.2% in the third quarter. Harbor Capital Advisors Inc. now owns 513,254 shares of the company’s stock valued at $9,033,000 after buying an additional 315,967 shares in the last quarter. Thomist Capital Management LP grew its position in Par Pacific by 50.0% in the second quarter. Thomist Capital Management LP now owns 559,277 shares of the company’s stock valued at $13,095,000 after acquiring an additional 186,411 shares during the last quarter. American Century Companies Inc. raised its stake in Par Pacific by 13.9% during the second quarter. American Century Companies Inc. now owns 1,435,794 shares of the company’s stock worth $36,254,000 after acquiring an additional 175,331 shares in the last quarter. Finally, Yaupon Capital Management LP lifted its holdings in shares of Par Pacific by 31.8% in the first quarter. Yaupon Capital Management LP now owns 520,621 shares of the company’s stock worth $19,294,000 after acquiring an additional 125,747 shares during the last quarter. 92.15% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on PARR shares. Mizuho decreased their price target on shares of Par Pacific from $28.00 to $26.00 and set an “outperform” rating on the stock in a report on Wednesday, October 9th. The Goldman Sachs Group lowered their price target on shares of Par Pacific from $32.00 to $28.00 and set a “neutral” rating for the company in a report on Wednesday, October 9th. Piper Sandler downgraded Par Pacific from an “overweight” rating to a “neutral” rating and cut their price objective for the company from $37.00 to $23.00 in a report on Friday, September 20th. UBS Group lowered their target price on Par Pacific from $40.00 to $29.00 and set a “neutral” rating for the company in a report on Monday, August 19th. Finally, Tudor Pickering raised Par Pacific to a “hold” rating in a research note on Monday, September 9th. Six investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat.com, Par Pacific has a consensus rating of “Hold” and an average target price of $28.00.

Par Pacific Trading Down 4.1 %

NYSE PARR opened at $17.06 on Wednesday. Par Pacific Holdings, Inc. has a 12 month low of $14.84 and a 12 month high of $40.69. The company has a current ratio of 1.69, a quick ratio of 0.66 and a debt-to-equity ratio of 0.84. The firm has a market capitalization of $954.51 million, a PE ratio of 3.31 and a beta of 1.99. The business’s 50-day moving average price is $17.55 and its two-hundred day moving average price is $22.24.

Par Pacific (NYSE:PARR) last released its earnings results on Monday, November 4th. The company reported ($0.10) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.12) by $0.02. Par Pacific had a net margin of 3.74% and a return on equity of 10.06%. The business had revenue of $2.14 billion during the quarter, compared to the consensus estimate of $1.88 billion. During the same quarter in the prior year, the firm posted $3.15 EPS. The company’s revenue for the quarter was down 16.9% compared to the same quarter last year. On average, analysts expect that Par Pacific Holdings, Inc. will post 0.95 EPS for the current year.

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.