GSA Capital Partners LLP Buys 17,736 Shares of Par Pacific Holdings, Inc. (PARR)

GSA Capital Partners LLP lifted its stake in Par Pacific Holdings, Inc. (NYSEAMERICAN:PARR) by 31.1% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 74,743 shares of the oil and gas company’s stock after purchasing an additional 17,736 shares during the period. GSA Capital Partners LLP owned 0.16% of Par Pacific worth $1,555,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of PARR. Cubist Systematic Strategies LLC bought a new position in shares of Par Pacific in the 3rd quarter worth $254,000. Jane Street Group LLC bought a new position in Par Pacific during the third quarter worth about $272,000. Highbridge Capital Management LLC bought a new position in Par Pacific during the third quarter worth about $461,000. Cornerstone Capital Management Holdings LLC. bought a new position in Par Pacific during the third quarter worth about $706,000. Finally, Sterling Capital Management LLC bought a new position in Par Pacific during the third quarter worth about $910,000. Institutional investors and hedge funds own 83.57% of the company’s stock.

In other Par Pacific news, major shareholder Whitebox Advisors Llc sold 101,739 shares of the business’s stock in a transaction that occurred on Tuesday, September 26th. The stock was sold at an average price of $20.49, for a total transaction of $2,084,632.11. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. In the last three months, insiders have sold 1,854,079 shares of company stock worth $38,572,203. Company insiders own 2.80% of the company’s stock.

PARR has been the topic of several recent analyst reports. Zacks Investment Research lowered Par Pacific from a “buy” rating to a “strong sell” rating in a report on Tuesday, November 14th. ValuEngine upgraded Par Pacific from a “hold” rating to a “buy” rating in a report on Monday, October 2nd. Seaport Global Securities upgraded Par Pacific from a “neutral” rating to a “buy” rating in a report on Monday, September 11th. Mizuho reiterated a “buy” rating and set a $23.00 target price on shares of Par Pacific in a report on Friday, October 27th. Finally, Cowen reiterated a “buy” rating and set a $20.00 target price on shares of Par Pacific in a report on Tuesday, October 17th. One research analyst has rated the stock with a sell rating and five have issued a buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus price target of $21.33.

Shares of Par Pacific Holdings, Inc. (PARR) opened at $19.96 on Tuesday. The company has a quick ratio of 0.35, a current ratio of 1.09 and a debt-to-equity ratio of 0.71. The stock has a market capitalization of $932.06, a PE ratio of 13.30 and a beta of 0.38. Par Pacific Holdings, Inc. has a 12-month low of $12.96 and a 12-month high of $21.94.

Par Pacific (NYSEAMERICAN:PARR) last released its earnings results on Monday, November 6th. The oil and gas company reported $0.55 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.48 by $0.07. The business had revenue of $610.51 million for the quarter, compared to the consensus estimate of $655.80 million. Par Pacific had a return on equity of 17.03% and a net margin of 2.87%. research analysts expect that Par Pacific Holdings, Inc. will post 1.33 EPS for the current year.

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Par Pacific Profile

Par Pacific Holdings, Inc owns, manages, and maintains interests in energy and infrastructure businesses. It operates through three segments: Refining, Retail, and Logistics. The Refining segment operates a refinery that produces ultra-low sulfur diesel, gasoline, jet fuel, marine fuel, and other associated refined products.

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Institutional Ownership by Quarter for Par Pacific (NYSEAMERICAN:PARR)

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