Par Pacific Holdings, Inc. (NYSE:PARR) Major Shareholder Sells $1,373,976.58 in Stock

Par Pacific Holdings, Inc. (NYSE:PARRGet Rating) major shareholder Chai Trust Co Llc sold 88,873 shares of the company’s stock in a transaction that occurred on Monday, April 18th. The stock was sold at an average price of $15.46, for a total value of $1,373,976.58. Following the sale, the insider now owns 8,028,720 shares of the company’s stock, valued at approximately $124,124,011.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Major shareholders that own more than 10% of a company’s shares are required to disclose their transactions with the SEC.

Chai Trust Co Llc also recently made the following trade(s):

  • On Wednesday, April 20th, Chai Trust Co Llc sold 128,126 shares of Par Pacific stock. The stock was sold at an average price of $15.72, for a total value of $2,014,140.72.
  • On Wednesday, April 13th, Chai Trust Co Llc sold 48,898 shares of Par Pacific stock. The stock was sold at an average price of $14.55, for a total value of $711,465.90.
  • On Monday, April 11th, Chai Trust Co Llc sold 20,911 shares of Par Pacific stock. The stock was sold at an average price of $13.98, for a total value of $292,335.78.
  • On Friday, April 8th, Chai Trust Co Llc sold 57,839 shares of Par Pacific stock. The stock was sold at an average price of $14.17, for a total value of $819,578.63.
  • On Wednesday, April 6th, Chai Trust Co Llc sold 25,004 shares of Par Pacific stock. The stock was sold at an average price of $13.35, for a total value of $333,803.40.
  • On Monday, April 4th, Chai Trust Co Llc sold 18,289 shares of Par Pacific stock. The stock was sold at an average price of $13.43, for a total value of $245,621.27.
  • On Friday, April 1st, Chai Trust Co Llc sold 31,649 shares of Par Pacific stock. The stock was sold at an average price of $13.37, for a total value of $423,147.13.
  • On Wednesday, March 30th, Chai Trust Co Llc sold 17,064 shares of Par Pacific stock. The shares were sold at an average price of $13.00, for a total value of $221,832.00.
  • On Wednesday, March 23rd, Chai Trust Co Llc sold 16,889 shares of Par Pacific stock. The shares were sold at an average price of $12.11, for a total value of $204,525.79.
  • On Monday, March 21st, Chai Trust Co Llc sold 15,323 shares of Par Pacific stock. The shares were sold at an average price of $12.20, for a total value of $186,940.60.

PARR opened at $14.85 on Friday. The company has a quick ratio of 0.25, a current ratio of 0.83 and a debt-to-equity ratio of 2.11. The firm has a market cap of $893.35 million, a P/E ratio of -10.03 and a beta of 2.54. Par Pacific Holdings, Inc. has a 52 week low of $11.66 and a 52 week high of $18.05. The business’s fifty day simple moving average is $13.46 and its 200 day simple moving average is $14.59.

Par Pacific (NYSE:PARRGet Rating) last posted its quarterly earnings data on Wednesday, February 23rd. The company reported ($0.22) EPS for the quarter, missing analysts’ consensus estimates of ($0.09) by ($0.13). The company had revenue of $1.29 billion for the quarter, compared to analyst estimates of $1.42 billion. Par Pacific had a negative net margin of 1.73% and a negative return on equity of 41.56%. During the same period in the previous year, the business earned ($1.41) EPS. As a group, equities analysts expect that Par Pacific Holdings, Inc. will post 0.28 EPS for the current fiscal year.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in PARR. First Trust Advisors LP lifted its position in Par Pacific by 40.2% during the first quarter. First Trust Advisors LP now owns 71,221 shares of the company’s stock worth $1,268,000 after buying an additional 20,425 shares during the period. Morgan Stanley lifted its position in Par Pacific by 46.6% during the second quarter. Morgan Stanley now owns 194,515 shares of the company’s stock worth $3,271,000 after buying an additional 61,823 shares during the period. Strs Ohio lifted its position in Par Pacific by 7.2% during the third quarter. Strs Ohio now owns 54,800 shares of the company’s stock worth $861,000 after buying an additional 3,700 shares during the period. Amalgamated Bank lifted its position in Par Pacific by 8.3% during the third quarter. Amalgamated Bank now owns 24,103 shares of the company’s stock worth $379,000 after buying an additional 1,838 shares during the period. Finally, Maryland State Retirement & Pension System purchased a new position in Par Pacific during the third quarter worth about $274,000. Hedge funds and other institutional investors own 86.68% of the company’s stock.

Several research firms have weighed in on PARR. StockNews.com began coverage on Par Pacific in a report on Thursday, March 31st. They issued a “sell” rating on the stock. Zacks Investment Research raised Par Pacific from a “sell” rating to a “hold” rating in a report on Wednesday, March 16th.

About Par Pacific (Get Rating)

Par Pacific Holdings, Inc owns and operates energy and infrastructure businesses. The company operates through three segments: Refining, Retail, and Logistics. The Refining segment owns and operates three refineries that produces ultra-low sulfur diesel, gasoline, jet fuel, marine fuel, distillate, asphalt, low sulfur fuel oil, and other associated refined products primarily for consumption in Hawaii, Pacific Northwest, Wyoming, and South Dakota.

Further Reading

Insider Buying and Selling by Quarter for Par Pacific (NYSE:PARR)

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