Par Pacific (NYSE:PARR) Insider Danielle Mattiussi Sells 3,278 Shares

Par Pacific Holdings, Inc. (NYSE:PARR) insider Danielle Mattiussi sold 3,278 shares of the business’s stock in a transaction dated Friday, August 7th. The stock was sold at an average price of $67.29, for a total transaction of $220,576.62. Following the sale, the insider directly owned 27,878 shares in the company, valued at $1,875,910.62. This trade represents a 10.52% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

Par Pacific Price Performance

Shares of NYSE PARR opened at $75.44 on Wednesday. The stock has a market capitalization of $3.78 billion, a price-to-earnings ratio of 4.40 and a beta of 0.78. The business has a 50-day moving average of $65.44 and a 200-day moving average of $57.85. The company has a debt-to-equity ratio of 0.38, a current ratio of 1.84 and a quick ratio of 0.76. Par Pacific Holdings, Inc. has a fifty-two week low of $27.42 and a fifty-two week high of $87.03.

Par Pacific (NYSE:PARR) last released its earnings results on Tuesday, August 4th. The company reported $10.10 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $8.22 by $1.88. Par Pacific had a return on equity of 56.19% and a net margin of 9.94%.The business had revenue of $2.97 billion for the quarter, compared to the consensus estimate of $2.40 billion. During the same quarter in the previous year, the business earned $1.54 earnings per share. Par Pacific’s quarterly revenue was up 56.8% on a year-over-year basis. As a group, sell-side analysts predict that Par Pacific Holdings, Inc. will post 19.35 earnings per share for the current fiscal year.

Analysts Set New Price Targets

PARR has been the topic of a number of analyst reports. The Goldman Sachs Group upped their price objective on Par Pacific from $77.00 to $92.00 and gave the stock a “buy” rating in a research note on Thursday, July 23rd. Zacks Research cut shares of Par Pacific from a “strong-buy” rating to a “hold” rating in a research note on Thursday, August 6th. Raymond James Financial boosted their target price on shares of Par Pacific from $80.00 to $85.00 and gave the stock an “outperform” rating in a report on Monday, July 13th. TD Cowen decreased their target price on Par Pacific from $100.00 to $95.00 and set a “buy” rating on the stock in a report on Friday, August 7th. Finally, Weiss Ratings upgraded Par Pacific from a “hold (c+)” rating to a “buy (b-)” rating in a report on Thursday, August 6th. Eleven equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $81.57.

Institutional Trading of Par Pacific

Several large investors have recently made changes to their positions in PARR. C M Bidwell & Associates Ltd. bought a new position in shares of Par Pacific in the 2nd quarter valued at $66,000. Ninepoint Partners LP bought a new position in Par Pacific in the 2nd quarter valued at approximately $1,402,000. Bank of New York Mellon Corp bought a new position in shares of Par Pacific during the second quarter valued at $19,353,000. Birchbrook Inc. raised its position in Par Pacific by 12.8% during the 2nd quarter. Birchbrook Inc. now owns 3,385 shares of the company’s stock worth $190,000 after purchasing an additional 385 shares during the last quarter. Finally, GK Wealth Management LLC bought a new position in shares of Par Pacific during the second quarter worth about $317,000. Institutional investors and hedge funds own 92.15% of the company’s stock.

About Par Pacific

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.