Texas Permanent School Fund bought a new position in shares of Par Pacific Holdings, Inc. (NYSEAMERICAN:PARR) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 17,028 shares of the oil and gas company’s stock, valued at approximately $328,000.
Several other large investors have also added to or reduced their stakes in the stock. Louisiana State Employees Retirement System purchased a new position in Par Pacific during the 4th quarter valued at approximately $208,000. Cubist Systematic Strategies LLC purchased a new position in Par Pacific during the 3rd quarter valued at approximately $254,000. First Quadrant L P CA purchased a new position in Par Pacific during the 4th quarter valued at approximately $266,000. Jane Street Group LLC purchased a new position in Par Pacific during the 3rd quarter valued at approximately $272,000. Finally, Nisa Investment Advisors LLC grew its holdings in Par Pacific by 67.6% during the 4th quarter. Nisa Investment Advisors LLC now owns 18,600 shares of the oil and gas company’s stock valued at $359,000 after buying an additional 7,500 shares in the last quarter. Hedge funds and other institutional investors own 83.57% of the company’s stock.
PARR has been the subject of several research analyst reports. Zacks Investment Research cut Par Pacific from a “hold” rating to a “strong sell” rating in a report on Friday, December 29th. Mizuho restated a “buy” rating and set a $23.00 price target on shares of Par Pacific in a report on Friday, October 27th. Finally, BidaskClub cut Par Pacific from a “strong-buy” rating to a “buy” rating in a report on Tuesday, November 7th. One investment analyst has rated the stock with a sell rating and five have assigned a buy rating to the stock. Par Pacific currently has an average rating of “Buy” and a consensus target price of $21.33.
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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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