Jackson Creek Investment Advisors LLC Has $1.81 Million Position in Par Pacific Holdings, Inc. $PARR

Jackson Creek Investment Advisors LLC boosted its holdings in shares of Par Pacific Holdings, Inc. (NYSE:PARR) by 325.0% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 51,431 shares of the company’s stock after buying an additional 39,329 shares during the period. Jackson Creek Investment Advisors LLC’s holdings in Par Pacific were worth $1,807,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Federated Hermes Inc. acquired a new stake in Par Pacific during the third quarter worth $44,000. Aster Capital Management DIFC Ltd acquired a new stake in Par Pacific during the third quarter worth $48,000. Smartleaf Asset Management LLC boosted its stake in Par Pacific by 81.1% during the second quarter. Smartleaf Asset Management LLC now owns 2,340 shares of the company’s stock worth $62,000 after buying an additional 1,048 shares in the last quarter. Quadrant Capital Group LLC acquired a new stake in Par Pacific during the third quarter worth $136,000. Finally, Mutual of America Capital Management LLC acquired a new stake in Par Pacific during the third quarter worth $201,000. Institutional investors and hedge funds own 92.15% of the company’s stock.

Insider Activity

In other Par Pacific news, CEO William Monteleone sold 108,948 shares of Par Pacific stock in a transaction on Monday, March 16th. The stock was sold at an average price of $54.06, for a total transaction of $5,889,728.88. Following the completion of the transaction, the chief executive officer directly owned 457,167 shares of the company’s stock, valued at approximately $24,714,448.02. This trade represents a 19.24% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 3.60% of the company’s stock.

Par Pacific Stock Down 3.9%

Shares of NYSE PARR opened at $56.56 on Wednesday. The stock has a market cap of $2.84 billion, a PE ratio of 6.31 and a beta of 0.91. The business has a fifty day moving average of $61.68 and a two-hundred day moving average of $48.38. Par Pacific Holdings, Inc. has a 52-week low of $20.74 and a 52-week high of $70.39. The company has a debt-to-equity ratio of 0.63, a quick ratio of 0.60 and a current ratio of 1.62.

Par Pacific (NYSE:PARR) last issued its quarterly earnings data on Tuesday, May 5th. The company reported $0.78 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.00 by ($0.22). The company had revenue of $1.82 billion for the quarter, compared to the consensus estimate of $1.78 billion. Par Pacific had a net margin of 6.02% and a return on equity of 34.38%. The firm’s revenue was up 4.5% compared to the same quarter last year. During the same period in the previous year, the business posted ($0.94) earnings per share. As a group, equities research analysts expect that Par Pacific Holdings, Inc. will post 13.72 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on PARR. Wall Street Zen upgraded shares of Par Pacific from a “buy” rating to a “strong-buy” rating in a research note on Sunday, May 17th. Raymond James Financial lifted their price target on shares of Par Pacific from $50.00 to $77.00 and gave the stock an “outperform” rating in a research note on Wednesday, March 25th. Piper Sandler lifted their price target on shares of Par Pacific from $63.00 to $72.00 and gave the stock an “overweight” rating in a research note on Wednesday, April 8th. The Goldman Sachs Group upgraded shares of Par Pacific from a “neutral” rating to a “buy” rating and lifted their price target for the stock from $53.00 to $77.00 in a research note on Friday, April 10th. Finally, TD Cowen lifted their price objective on Par Pacific from $39.00 to $48.00 and gave the company a “buy” rating in a report on Friday, February 27th. One research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat, Par Pacific presently has a consensus rating of “Moderate Buy” and an average price target of $67.00.

Par Pacific Company Profile

Par Pacific Holdings, Inc (NYSE: PARR) is a diversified downstream energy company engaged in the refining, marketing and logistics of petroleum products. Through its subsidiaries, Par Pacific operates the Par Hawaii Refinery on the island of O?ahu, which processes crude oil into transportation fuels such as gasoline, diesel and jet fuel, as well as asphalt, petroleum coke and sulfur. In the Rocky Mountain region, the company owns and operates the Salt Lake City Refinery in Utah and associated logistics infrastructure, including pipelines and storage terminals, to support both crude supply and product distribution.

In marketing its refined products, Par Pacific maintains a network of branded and unbranded wholesale accounts across Hawaii and the U.S.