Millennium Management LLC bought a new stake in Par Pacific Holdings, Inc. (NYSEAMERICAN:PARR) during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund bought 36,528 shares of the oil and gas company’s stock, valued at approximately $635,000. Millennium Management LLC owned 0.08% of Par Pacific as of its most recent SEC filing.
A number of other large investors have also bought and sold shares of the business. Point72 Asset Management L.P. acquired a new stake in shares of Par Pacific in the second quarter valued at $5,725,000. Renaissance Technologies LLC grew its stake in shares of Par Pacific by 62.3% in the second quarter. Renaissance Technologies LLC now owns 750,200 shares of the oil and gas company’s stock valued at $13,038,000 after buying an additional 287,946 shares in the last quarter. Citadel Advisors LLC grew its stake in shares of Par Pacific by 135.7% in the second quarter. Citadel Advisors LLC now owns 197,970 shares of the oil and gas company’s stock valued at $3,441,000 after buying an additional 113,970 shares in the last quarter. Acuitas Investments LLC grew its stake in shares of Par Pacific by 225.8% in the second quarter. Acuitas Investments LLC now owns 140,814 shares of the oil and gas company’s stock valued at $2,447,000 after buying an additional 97,599 shares in the last quarter. Finally, Algert Global LLC grew its stake in shares of Par Pacific by 139.0% in the second quarter. Algert Global LLC now owns 144,946 shares of the oil and gas company’s stock valued at $2,519,000 after buying an additional 84,291 shares in the last quarter. Institutional investors own 83.57% of the company’s stock.
PARR has been the subject of a number of research reports. Zacks Investment Research cut Par Pacific from a “strong-buy” rating to a “hold” rating in a research note on Thursday, August 9th. Cowen cut Par Pacific from an “outperform” rating to a “market perform” rating and set a $22.00 price objective for the company. in a research note on Wednesday, September 12th.
Par Pacific (NYSEAMERICAN:PARR) last issued its quarterly earnings data on Tuesday, November 6th. The oil and gas company reported $0.12 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.27 by ($0.15). The firm had revenue of $909.78 million during the quarter, compared to analyst estimates of $744.50 million.
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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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