Par Pacific Holdings, Inc. (PARR) Stake Held by Reservoir Operations L.P.

Par Pacific Holdings, Inc. (PARR) Stake Held by Reservoir Operations L.P.

Reservoir Operations L.P. continued to hold its stake in shares of Par Pacific Holdings, Inc. (NASDAQ:PARR) during the third quarter, Holdings Channel reports. The fund owned 454,545 shares of the company’s stock at the end of the third quarter. Par Pacific Holdings accounts for approximately 7.0% of Reservoir Operations L.P.’s holdings, making the stock its 6th largest position. Reservoir Operations L.P.’s holdings in Par Pacific Holdings were worth $5,945,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of the company. Steinberg Asset Management LLC raised its stake in shares of Par Pacific Holdings by 33.4% in the second quarter. Steinberg Asset Management LLC now owns 145,190 shares of the company’s stock worth $2,227,000 after buying an additional 36,380 shares during the period. State Street Corp raised its stake in shares of Par Pacific Holdings by 36.2% in the second quarter. State Street Corp now owns 530,413 shares of the company’s stock worth $8,133,000 after buying an additional 140,984 shares during the period. Rhumbline Advisers raised its stake in shares of Par Pacific Holdings by 72.0% in the second quarter. Rhumbline Advisers now owns 25,947 shares of the company’s stock worth $398,000 after buying an additional 10,859 shares during the period. Teachers Advisors Inc. raised its stake in shares of Par Pacific Holdings by 28.4% in the second quarter. Teachers Advisors Inc. now owns 52,501 shares of the company’s stock worth $805,000 after buying an additional 11,599 shares during the period. Finally, American International Group Inc. raised its stake in shares of 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 during the period.

Par Pacific Holdings, Inc. (NASDAQ:PARR) opened at 14.71 on Friday. The stock’s market capitalization is $669.39 million. The stock has a 50 day moving average price of $14.28 and a 200-day moving average price of $14.05. Par Pacific Holdings, Inc. has a one year low of $12.18 and a one year high of $24.08.

Separately, Zacks Investment Research raised Par Pacific Holdings from a “sell” rating to a “hold” rating in a research report on Wednesday, January 18th. One investment analyst has rated the stock with a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the stock. The company presently has a consensus rating of “Buy” and an average price target of $20.90.

In related news, major shareholder Whitebox Advisors Llc sold 678,072 shares of the stock in a transaction that occurred on Friday, December 2nd. The stock was sold at an average price of $14.85, for a total value of $10,069,369.20. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

Want to see what other hedge funds are holding PARR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Par Pacific Holdings, Inc. (NASDAQ:PARR).

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