5 Energy Stocks to Buy According to Steve Pattyn’s Yaupon Capital

4. Par Pacific Holdings, Inc. (NYSE:PARR)

Yaupon Capital Stake Value: $4,690,000
Percentage of Yaupon Capital’s 13F Portfolio: 2.59%
Number of Hedge Fund Holders: 20

Par Pacific Holdings, Inc. (NYSE:PARR) is an oil and gas exploration and production business in Houston. The hedge fund managed by Steve Pattyn owns 278,817 shares in the company worth $4.69 million, representing close to 2.59% of their portfolio. In addition, Yaupon Capital has trimmed its stake in Par Pacific Holdings, Inc. (NYSE:PARR) by 30% in the second quarter of 2021.

On November 3, Par Pacific Holdings, Inc. (NYSE:PARR) reported its financial results for the quarter ended September 30, 2021. The company posted an EPS of $0.76, beating the consensus by $0.15. The revenue over the period stood at $1.31 billion, up 89.9% YoY. In October, Goldman Sachs analyst Carly Davenport reiterated a “Buy” rating on Par Pacific Holdings, Inc. (NYSE:PARR) and gave a price target of $20.

Par Pacific Holdings, Inc. (NYSE:PARR) was in 20 hedge funds’ portfolios at the end of the second quarter of 2021, down from 25 in the previous quarter.