Par Pacific Holdings, Inc. (PARR), founded in 1984 and headquartered in Houston, Texas, is an eminent player in the energy and infrastructure business. The company engages in the exploration, extraction, refining, and marketing of energy resources. With its expertise and specialized workforce, PARR aims to be a diversified energy company that refines and delivers fuels to meet America's energy demands.
Through its three primary operating segments - refining, retail, and logistics - PARR facilitates the sourcing, transportation, refining, and marketing of crude oil, refined petroleum, and other related products. It also owns an equity investment in Laramie Energy, LLC, a joint venture entity concentrating on producing natural gas in Western Colorado.
In the refining sector, PARR operates complex, high-value refineries in Wyoming, Hawaii, and Washington resembling an aggregate crude oil capacity of approximately 148,000 barrels per day. These refineries mainly convert solar and wind energy into liquid fuels, establishing it as one of the leading contributors to renewable energy solutions in the United States.
Under its retail operations, PARR operates a considerable number of retail outlets and convenience stores, providing high-quality fuel and related customer services. These outlets are primarily spread across Washington, Colorado, and Hawaii.
In the logistics area, PARR's assets include large-scale terminaling, storage, and pipeline systems that support its Hawaii, Wyoming, and Washington refineries. The company’s significant logistics operations ensure a steady supply chain of its refined petroleum products to reach its customers.
A key to PARR's success is its propensity to invest in growth projects that offer potential for high returns. The company has been successful in implementing this strategy, as evidenced by its extensive portfolio of energy properties and interests, which has led to a solid revenue growth over the years.
Today, Par Pacific Holdings, Inc., with its strong commitment towards sustainability, stands as one of the leading companies in the energy sector. In the years to come, PARR aims to enhance its operational foundation, improve its capital allocation, and produce long-term shareholder value.
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Jerry Stumbo has been appointed as executive vice president of refining and logistics at Par Pacific Holdings, succeeding Richard Creamer who will retire in April 2027. Stumbo brings nearly 30 years of refining experience, most recently from Valero Energy, and will focus on improving operational safety, reliability, efficiency, and performance for Par Pacific.
Par Pacific Holdings, Inc. (NYSE:PARR) has received a "Moderate Buy" consensus rating from thirteen brokerage firms, with an average twelve-month price target of $90.43. Recent analyst actions were mixed, with some downgrades to "neutral" while others maintained "buy" ratings. The company recently reported strong quarterly earnings, beating estimates with $10.10 EPS and a 56.8% year-over-year revenue increase.
Par Pacific Holdings (PARR) saw its stock price surge by 6.9% on Monday, closing at $82.51, as the broader oil refining sector experienced a significant rally. This increase was not company-specific but rather mirrored gains across several sector peers, suggesting investor reaction to wider industry dynamics like improving crack spreads or shifts in crude oil pricing. The coordinated market movement indicates a potential shift in institutional investor sentiment towards refining stocks.
Inspire Investing LLC reduced its stake in Par Pacific Holdings, Inc. by 24.7% in the third quarter, selling 14,820 shares but still retaining 45,250 shares valued at approximately $3.69 million. Despite this reduction, institutional investors collectively hold 92.15% of PARR, and analysts generally maintain a "Moderate Buy" rating with an average price target of $87.29. The company also reported strong quarterly earnings of $10.10 per share, significantly beating estimates, and revenue increased 56.8% year over year to $2.97 billion.
Par Pacific Holdings Inc (PARR) shares recently fell 3.8% to $77.15, a price GuruFocus considers 69.6% above its intrinsic GF Value™ of $45.50, thus classifying it as "Significantly Overvalued." The company's GF Score™ of 56/100 reflects average overall quality, with strong financial strength and profitability but weak growth and valuation ranks. Insider selling totaling $30.6 million over the past year, with no buying activity, signals potential concerns from those closest to the company.
Assenagon Asset Management S.A. acquired a new stake of 39,715 shares, valued at approximately $3,242,000, in Par Pacific Holdings, Inc. during the third quarter, representing 0.08% of the company's stock. Other institutional investors also adjusted their positions, with 92.15% of the stock currently held by institutional investors and hedge funds. Analyst ratings for Par Pacific are largely positive, with a "Moderate Buy" consensus and an average target price of $87.29, despite some insider stock sales.