Walleye Capital LLC Has $4.82 Million Stock Position in Par Pacific Holdings, Inc. (NYSE:PARR)

Walleye Capital LLC lifted its holdings in shares of Par Pacific Holdings, Inc. (NYSE:PARR) by 1,014.3% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 273,868 shares of the company’s stock after purchasing an additional 249,290 shares during the quarter. Walleye Capital LLC owned approximately 0.49% of Par Pacific worth $4,820,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Headlands Technologies LLC increased its stake in shares of Par Pacific by 215.1% during the 2nd quarter. Headlands Technologies LLC now owns 1,166 shares of the company’s stock worth $29,000 after purchasing an additional 796 shares during the last quarter. Meeder Asset Management Inc. bought a new stake in shares of Par Pacific during the 2nd quarter worth $43,000. Quarry LP boosted its holdings in shares of Par Pacific by 610.5% during the 2nd quarter. Quarry LP now owns 2,359 shares of the company’s stock worth $60,000 after buying an additional 2,027 shares during the period. nVerses Capital LLC boosted its holdings in shares of Par Pacific by 41.7% during the 2nd quarter. nVerses Capital LLC now owns 3,400 shares of the company’s stock worth $86,000 after buying an additional 1,000 shares during the period. Finally, Innealta Capital LLC bought a new stake in shares of Par Pacific during the 2nd quarter worth $104,000. Institutional investors and hedge funds own 92.15% of the company’s stock.

Analysts Set New Price Targets

Several analysts recently issued reports on PARR shares. Tudor Pickering raised shares of Par Pacific to a “hold” rating in a report on Monday, September 9th. Piper Sandler downgraded shares of Par Pacific from an “overweight” rating to a “neutral” rating and decreased their price objective for the stock from $37.00 to $23.00 in a report on Friday, September 20th. TD Cowen decreased their price objective on shares of Par Pacific from $36.00 to $32.00 and set a “buy” rating for the company in a report on Friday, August 9th. The Goldman Sachs Group reduced 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. Finally, StockNews.com raised shares of Par Pacific from a “sell” rating to a “hold” rating in a report on Thursday, November 14th. Six analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $28.00.

Par Pacific Price Performance

Shares of Par Pacific stock opened at $17.43 on Monday. The company has a debt-to-equity ratio of 0.84, a current ratio of 1.69 and a quick ratio of 0.66. Par Pacific Holdings, Inc. has a fifty-two week low of $14.84 and a fifty-two week high of $40.69. The firm has a fifty day moving average price of $17.30 and a two-hundred day moving average price of $21.58. The company has a market cap of $975.24 million, a PE ratio of 3.38 and a beta of 1.99.

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

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.