California State Teachers Retirement System owns $2.12 million in Par Pacific Holdings, Inc. (NYSE:PARR)

California State Teachers Retirement System reduced its holdings in Par Pacific Holdings, Inc. (NYSE:PARR – Free Report) by 5.8% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 57,261 shares of the company’s stock after selling 3,550 shares during the period. California State Teachers Retirement System owned approximately 0.10% of Par Pacific worth $2,122,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently made changes to their positions in the company. TD Asset Management Inc lifted its position in Par Pacific by 46.4% during the fourth quarter. TD Asset Management Inc now owns 104,400 shares of the company’s stock valued at $3,797,000 after buying an additional 33,100 shares in the last quarter. Acadian Asset Management LLC purchased a new stake in Par Pacific in the 1st quarter worth $978,000. Hennessy Advisors Inc. raised its stake in Par Pacific by 18.7% in the first quarter. Hennessy Advisors Inc. now owns 853,000 shares of the company’s stock worth $31,612,000 after buying an additional 134,600 shares in the last quarter. Paragon Associates & Paragon Associates II Joint Venture bought a new stake in shares of Par Pacific in the 4th quarter valued at about $1,637,000. Finally, Russell Investments Group Ltd. boosted its holdings in shares of Par Pacific by 14.9% in the first quarter. Russell Investments Group Ltd. now owns 204,509 shares of the company’s stock worth $7,579,000 after purchasing an additional 26,485 shares during the last quarter. Hedge funds and other institutional investors own 92.15% of the company’s shares.

The Wall Street analyst weighs in

A number of brokerages have commented on PARR. JPMorgan Chase & Co. dropped their target price on shares of Par Pacific from $38.00 to $36.00 and set a “neutral” rating on the stock in a research note on Tuesday, July 2nd. Mizuho began coverage on shares of Par Pacific in a research note on Wednesday, July 17th. They issued an “outperform” rating and a $33.00 price objective on the stock. Piper Sandler decreased their price target on shares of Par Pacific from $43.00 to $37.00 and set an “overweight” rating on the stock in a research report on Friday, June 14th. TD Cowen decreased their price target on shares of Par Pacific from $36.00 to $32.00 and set a “buy” rating on the stock in a research report on Friday. Finally, Goldman Sachs Group decreased their price objective on shares of Par Pacific from $37.00 to $32.00 and set a “neutral” rating on the stock in a report on Wednesday, July 31st. Four investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. The company has an average rating of “Hold” and a consensus price target of $34.50, according to MarketBeat.

Check out our latest analysis on PARR

Par Pacific Stock Performance

Shares of PARR stock opened at $24.40 on Friday. The company has a market cap of $1.41 billion, a PE ratio of 3.05 and a beta of 2.00. The company has a 50-day simple moving average of $24.67 and a 200-day simple moving average of $31.13. Par Pacific Holdings, Inc. it has a 52-week low of $22.54 and a 52-week high of $40.69. The company has a quick ratio of 0.50, a current ratio of 1.28, and a debt-to-equity ratio of 0.49.

Par Pacific (NYSE:PARR – Get Your Free Report ) last issued its quarterly earnings data on Tuesday, August 6th. The company reported $0.49 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.13 by $0.36. The firm had revenue of $2.02 billion for the quarter, compared to the consensus estimate of $1.82 billion. Par Pacific had a return on equity of 35.02% and a net margin of 5.71%. The company’s revenue for the quarter was up 13.1% compared to the same quarter last year. In the same quarter last year, the company earned $1.73 EPS. Equities research analysts predict that Par Pacific Holdings, Inc. will post 1.5 earnings per share for the current fiscal year.

Par Pacific Profile

(Free Report)

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.

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