Wittenberg Investment Management Inc. continued to hold its position in Par Pacific Holdings, Inc. (NASDAQ:PARR) during the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 15,500 shares of the company’s stock at the close of the second quarter. Wittenberg Investment Management Inc.’s holdings in Par Pacific Holdings were worth $280,000 at the end of the most recent reporting period.
Other large investors have also recently added to or reduced their stakes in the company. Rhumbline Advisers lifted its holdings in Par Pacific Holdings by 10.1% in the 2nd quarter. Rhumbline Advisers now owns 36,615 shares of the company’s stock valued at $661,000 after purchasing an additional 3,360 shares in the last quarter. Nationwide Fund Advisors lifted its holdings in Par Pacific Holdings by 112.4% in the 2nd quarter. Nationwide Fund Advisors now owns 39,745 shares of the company’s stock valued at $717,000 after purchasing an additional 21,032 shares in the last quarter. Russell Investments Group Ltd. purchased a new position in Par Pacific Holdings in the 2nd quarter valued at about $775,000. Alliancebernstein L.P. lifted its holdings in Par Pacific Holdings by 291.1% in the 2nd quarter. Alliancebernstein L.P. now owns 66,885 shares of the company’s stock valued at $1,207,000 after purchasing an additional 49,785 shares in the last quarter. Finally, JPMorgan Chase & Co. purchased a new position in Par Pacific Holdings in the 2nd quarter valued at about $1,449,000.
A number of research firms have issued reports on PARR. Zacks Investment Research lowered shares of Par Pacific Holdings from a “hold” rating to a “sell” rating in a report on Wednesday, July 12th. Seaport Global Securities upgraded shares of Par Pacific Holdings from a “neutral” rating to a “buy” rating and upped their target price for the company from $19.00 to $22.00 in a report on Monday. Finally, Cowen and Company restated a “buy” rating and issued a $20.00 target price on shares of Par Pacific Holdings in a report on Thursday, August 17th.
In other Par Pacific Holdings news, major shareholder Whitebox Advisors Llc sold 32,141 shares of the firm’s stock in a transaction dated Monday, August 28th. The stock was sold at an average price of $17.74, for a total transaction of $570,181.34. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders sold a total of 1,087,064 shares of company stock worth $19,685,265 in the last three months.
Par Pacific Holdings, Inc. (PARR) traded up 1.18% on Friday, reaching $19.66. 166,097 shares of the company’s stock were exchanged. The stock has a market capitalization of $900.47 million and a P/E ratio of 43.88. Par Pacific Holdings, Inc. has a 1-year low of $12.47 and a 1-year high of $19.92. The firm’s 50 day moving average is $17.50 and its 200 day moving average is $16.95.
Par Pacific Holdings (NASDAQ:PARR) last issued its quarterly earnings results on Monday, August 7th. The company reported $0.24 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.22 by $0.02. The company had revenue of $564.25 million during the quarter, compared to analysts’ expectations of $600.80 million. Analysts expect that Par Pacific Holdings, Inc. will post $1.61 EPS for the current year.
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