Par Pacific Holdings, Inc. (NYSE:PARR – Get Free Report) CEO William Pate sold 115,099 shares of the firm’s stock in a transaction on Monday, August 14th. The shares were sold at an average price of $34.85, for a total transaction of $4,011,200.15. Following the sale, the chief executive officer now owns 483,019 shares in the company, valued at $16,833,212.15. The sale was disclosed in a document filed with the SEC, which is available through the SEC website.

Par Pacific Trading Down 0.3 %

NYSE:PARR opened at $34.14 on Friday. Par Pacific Holdings, Inc. has a one year low of $14.42 and a one year high of $37.49. The company has a debt-to-equity ratio of 0.63, a quick ratio of 0.37 and a current ratio of 1.07. The firm has a market cap of $2.08 billion, a P/E ratio of 3.33 and a beta of 2.11. The firm has a 50-day simple moving average of $28.65 and a 200-day simple moving average of $26.54.

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Wall Street Analyst Weigh In

PARR has been the subject of a number of recent analyst reports. StockNews.com cut shares of Par Pacific from a “buy” rating to a “hold” rating in a research note on Wednesday. TD Cowen dropped their price target on shares of Par Pacific from $32.00 to $28.00 and set an “outperform” rating for the company in a research note on Friday, May 5th. Finally, Piper Sandler lifted their price target on shares of Par Pacific from $36.00 to $46.00 and gave the stock an “overweight” rating in a research note on Friday, August 11th. Four equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to data from MarketBeat.com, Par Pacific has a consensus rating of “Moderate Buy” and an average target price of $32.14.

Institutional Investors Weigh In On Par Pacific

Several large investors have recently modified their holdings of the business. West Tower Group LLC acquired a new position in Par Pacific during the 2nd quarter valued at approximately $41,000. Gladius Capital Management LP acquired a new position in Par Pacific during the 4th quarter valued at approximately $38,000. NewEdge Advisors LLC acquired a new position in Par Pacific during the 1st quarter valued at approximately $60,000. National Bank of Canada FI acquired a new position in Par Pacific during the 4th quarter valued at approximately $58,000. Finally, Metropolitan Life Insurance Co NY increased its stake in Par Pacific by 14.3% during the 2nd quarter. Metropolitan Life Insurance Co NY now owns 3,023 shares of the company’s stock valued at $80,000 after purchasing an additional 378 shares in the last quarter. Institutional investors own 93.23% of the company’s stock.

Par Pacific Company Profile

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Par Pacific Holdings, Inc owns and operates energy and infrastructure businesses. The company operates through three segments: Refining, Retail, and Logistics. The Refining segment owns and operates three refineries that produces ultra-low sulfur diesel, gasoline, jet fuel, marine fuel, distillate, asphalt, low sulfur fuel oil, and other associated refined products primarily for consumption in Hawaii, Pacific Northwest, Wyoming, and South Dakota.

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