Par Pacific Holdings, Inc. (PARR) Shares Bought by Thrivent Financial for Lutherans

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Thrivent Financial for Lutherans increased its holdings in shares of Par Pacific Holdings, Inc. (NYSEAMERICAN:PARR) by 11.6% in the 4th quarter, HoldingsChannel reports. The firm owned 19,711 shares of the oil and gas company’s stock after acquiring an additional 2,041 shares during the period. Thrivent Financial for Lutherans’ holdings in Par Pacific were worth $280,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. BlackRock Inc. boosted its holdings in shares of Par Pacific by 1.7% in the 4th quarter. BlackRock Inc. now owns 4,623,320 shares of the oil and gas company’s stock worth $65,558,000 after purchasing an additional 76,848 shares during the period. Evermore Global Advisors LLC boosted its holdings in shares of Par Pacific by 132.6% in the 4th quarter. Evermore Global Advisors LLC now owns 757,580 shares of the oil and gas company’s stock worth $10,742,000 after purchasing an additional 431,850 shares during the period. Teachers Advisors LLC boosted its holdings in shares of Par Pacific by 0.9% in the 3rd quarter. Teachers Advisors LLC now owns 618,417 shares of the oil and gas company’s stock worth $12,616,000 after purchasing an additional 5,637 shares during the period. TIAA CREF Investment Management LLC boosted its holdings in shares of Par Pacific by 124.1% in the 3rd quarter. TIAA CREF Investment Management LLC now owns 465,669 shares of the oil and gas company’s stock worth $9,500,000 after purchasing an additional 257,831 shares during the period. Finally, FMR LLC purchased a new position in shares of Par Pacific in the 3rd quarter worth approximately $6,960,000. Hedge funds and other institutional investors own 83.57% of the company’s stock.

Shares of PARR stock opened at $19.15 on Wednesday. Par Pacific Holdings, Inc. has a 52-week low of $13.68 and a 52-week high of $21.34.

Par Pacific (NYSEAMERICAN:PARR) last issued its quarterly earnings results on Tuesday, March 5th. The oil and gas company reported $0.44 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.35 by $0.09. The business had revenue of $879.11 million for the quarter, compared to the consensus estimate of $969.20 million.

PARR has been the subject of a number of recent research reports. Zacks Investment Research upgraded Par Pacific from a “hold” rating to a “strong-buy” rating and set a $17.00 target price for the company in a report on Tuesday, January 8th. Oppenheimer set a $22.00 target price on Par Pacific and gave the stock a “buy” rating in a report on Monday, March 25th. Finally, Goldman Sachs Group initiated coverage on Par Pacific in a report on Tuesday. They issued a “buy” rating and a $25.00 target price for the company. Two equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. The company currently has an average rating of “Buy” and an average target price of $22.20.

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Par Pacific Company 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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Institutional Ownership by Quarter for Par Pacific (NYSEAMERICAN:PARR)

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