Mizuho began coverage on shares of Par Pacific Holdings, Inc. (NASDAQ:PARR) in a research report report published on Wednesday morning. The firm issued a buy rating and a $20.00 price target on the stock.
Several other equities analysts have also issued reports on the stock. Miller Tabak raised shares of Par Pacific Holdings from a hold rating to a strong-buy rating and lifted their price target for the stock from $24.00 to $25.30 in a report on Wednesday, August 3rd. Seaport Global Securities began coverage on shares of Par Pacific Holdings in a report on Thursday, September 8th. They set a buy rating and a $22.00 price objective on the stock. Zacks Investment Research raised shares of Par Pacific Holdings from a sell rating to a hold rating in a report on Thursday, August 4th. Finally, Cowen and Company raised shares of Par Pacific Holdings from a market perform rating to an outperform rating and boosted their price objective for the company from $18.00 to $20.00 in a report on Tuesday, June 14th. Three research analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the stock. The company currently has an average rating of Buy and an average target price of $20.66.
Par Pacific Holdings (NASDAQ:PARR) traded up 1.37% during trading on Wednesday, hitting $14.08. The stock had a trading volume of 8,923 shares. Par Pacific Holdings has a 52 week low of $12.18 and a 52 week high of $28.31. The company has a 50-day moving average of $13.21 and a 200 day moving average of $15.63. The company’s market cap is $579.79 million.
In related news, major shareholder Whitebox Advisors Llc sold 446,229 shares of the business’s stock in a transaction on Thursday, September 8th. The shares were sold at an average price of $12.97, for a total transaction of $5,787,590.13. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Melvyn N. Klein bought 4,000 shares of the firm’s stock in a transaction that occurred on Thursday, September 15th. The shares were acquired at an average price of $13.05 per share, with a total value of $52,200.00. Following the completion of the transaction, the director now directly owns 23,339 shares of the company’s stock, valued at $304,573.95. The disclosure for this purchase can be found here.
A number of hedge funds and other institutional investors have recently bought and sold shares of PARR. Nomura Holdings Inc. acquired a new position in Par Pacific Holdings during the second quarter worth about $167,000. Alliancebernstein L.P. acquired a new position in Par Pacific Holdings during the second quarter worth about $193,000. BlackRock Advisors LLC increased its position in Par Pacific Holdings by 47.0% in the second quarter. BlackRock Advisors LLC now owns 13,269 shares of the company’s stock worth $204,000 after buying an additional 4,241 shares in the last quarter. A.R.T. Advisors LLC acquired a new position in Par Pacific Holdings during the second quarter worth about $244,000. Finally, American International Group Inc. increased its position in Par Pacific Holdings by 71.6% in the second quarter. American International Group Inc. now owns 16,097 shares of the company’s stock worth $247,000 after buying an additional 6,716 shares in the last quarter.
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