Equities research analysts at Mizuho started coverage on shares of Par Pacific Holdings, Inc. (NASDAQ:PARR) in a report issued on Wednesday, The Fly reports. The brokerage set a “buy” rating on the stock.
Several other equities research analysts have also recently weighed in on the company. Zacks Investment Research raised Par Pacific Holdings from a “hold” rating to a “strong-buy” rating and set a $16.00 price target on the stock in a research note on Friday, September 16th. Seaport Global Securities initiated coverage on Par Pacific Holdings in a report on Thursday, September 8th. They issued a “buy” rating and a $22.00 target price on the stock. Miller Tabak raised Par Pacific Holdings from a “hold” rating to a “strong-buy” rating and boosted their target price for the stock from $24.00 to $25.30 in a report on Wednesday, August 3rd. Finally, Cowen and Company raised Par Pacific Holdings from a “market perform” rating to an “outperform” rating and boosted their target price for the stock from $18.00 to $20.00 in a report on Tuesday, June 14th. Three research analysts have rated the stock with a buy rating and two have given a strong buy rating to the stock. The company currently has an average rating of “Buy” and an average target price of $20.83.
Shares of Par Pacific Holdings (NASDAQ:PARR) traded up 3.41% during midday trading on Wednesday, reaching $14.27. The company had a trading volume of 1,048,500 shares. Par Pacific Holdings has a 1-year low of $12.18 and a 1-year high of $28.31. The stock’s market capitalization is $587.61 million. The company’s 50-day moving average is $13.16 and its 200-day moving average is $15.69.
In other news, major shareholder Whitebox Advisors Llc sold 446,229 shares of the company’s stock in a transaction on Thursday, September 8th. The stock was sold at an average price of $12.97, for a total transaction of $5,787,590.13. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, major shareholder Chai Trust Co Llc purchased 190,913 shares of the stock in a transaction dated Thursday, September 22nd. The shares were acquired at an average cost of $12.25 per share, for a total transaction of $2,338,684.25. The disclosure for this purchase can be found here.
Hedge funds and other institutional investors have recently made changes to their positions in the stock. Nomura Holdings Inc. acquired a new position in shares of Par Pacific Holdings during the second quarter worth about $167,000. Alliancebernstein L.P. acquired a new position in shares of Par Pacific Holdings during the second quarter worth about $193,000. BlackRock Advisors LLC increased its position in shares of Par Pacific Holdings by 47.0% in the second quarter. BlackRock Advisors LLC now owns 13,269 shares of the company’s stock worth $204,000 after buying an additional 4,241 shares during the last quarter. A.R.T. Advisors LLC acquired a new position in shares of Par Pacific Holdings during the second quarter worth about $244,000. Finally, American International Group Inc. increased its position in shares of Par Pacific Holdings by 71.6% in the second quarter. American International Group Inc. now owns 16,097 shares of the company’s stock worth $247,000 after buying an additional 6,716 shares during the last quarter.
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