Par Pacific Holdings INC (PARR) Shareholder Whitebox Advisors LLC Has Decreased Its Holding by $4.42 Million

October 12, 2017 - By Darrin Black

Andy Redleaf decreased its stake in Par Pacific Holdings Inc (PARR) by 3.5% based on its latest 2017Q2 regulatory filing with the SEC. Whitebox Advisors Llc sold 245,616 shares as the company’s stock rose 14.47% with the market. The hedge fund run by Andy Redleaf held 6.77M shares of the oil & gas production company at the end of 2017Q2, valued at $122.15M, down from 7.02 million at the end of the previous reported quarter. Whitebox Advisors Llc who had been investing in Par Pacific Holdings Inc for a number of months, seems to be less bullish one the $946.74M market cap company. The stock declined 0.44% or $0.09 reaching $20.59 per share. About 78,574 shares traded. Par Pacific Holdings, Inc. (NYSEMKT:PARR) has risen 13.72% since October 12, 2016 and is uptrending. It has underperformed by 2.98% the S&P500.

Whitebox Advisors Llc, which manages about $8.40 billion and $2.48B US Long portfolio, upped its stake in Gogo Inc (NASDAQ:GOGO) by 429,873 shares to 755,662 shares, valued at $8.71 million in 2017Q2, according to the filing. It also increased its holding in Nxp Semiconductors N V (NASDAQ:NXPI) by 278,685 shares in the quarter, for a total of 483,685 shares, and has risen its stake in Sina Corp (NASDAQ:SINA).

Analysts expect Par Pacific Holdings, Inc. (NYSEAMERICAN:PARR) to report $0.44 EPS on November, 1.They anticipate $0.90 EPS change or 195.65 % from last quarter’s $-0.46 EPS. PARR’s profit would be $20.23M giving it 11.70 P/E if the $0.44 EPS is correct. After having $0.24 EPS previously, Par Pacific Holdings, Inc.’s analysts see 83.33 % EPS growth.

More news for Par Pacific Holdings, Inc. (NYSEAMERICAN:PARR) were recently published by: Prnewswire.com, which released: “Par Pacific Holdings and Photronics Set to Join S&P SmallCap 600” on September 28, 2017. Zacks.com‘s article titled: “Can Par Pacific Holdings (PARR) Run Higher on Strong Earnings Estimate …” and published on September 15, 2017 is yet another important article.

Par Pacific Holdings, Inc. (NYSEAMERICAN:PARR) Ratings Coverage

Among 6 analysts covering Par Pacific (NYSEMKT:PARR), 4 have Buy rating, 0 Sell and 2 Hold. Therefore 67% are positive. Par Pacific had 7 analyst reports since November 23, 2015 according to SRatingsIntel. Miller Tabak downgraded Par Pacific Holdings, Inc. (NYSEAMERICAN:PARR) rating on Monday, November 23. Miller Tabak has “Hold” rating and $29.10 target. The firm has “Buy” rating given on Thursday, October 6 by Mizuho. The firm earned “Outperform” rating on Wednesday, May 18 by Imperial Capital. The rating was initiated by Sterne Agee CRT on Friday, May 20 with “Buy”. The company was initiated on Friday, June 10 by Cowen & Co. Seaport Global Securities initiated it with “Buy” rating and $22 target in Thursday, September 8 report. The stock of Par Pacific Holdings, Inc. (NYSEAMERICAN:PARR) earned “Outperform” rating by Imperial Capital on Thursday, January 28.

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