Par Pacific Holdings, Inc. (NYSE:PARR) Major Shareholder Sells $1,376,420.64 in Stock

Par Pacific Holdings, Inc. (NYSE:PARRGet Rating) major shareholder Chai Trust Co Llc sold 96,388 shares of the business’s stock in a transaction dated Monday, April 25th. The stock was sold at an average price of $14.28, for a total value of $1,376,420.64. Following the transaction, the insider now directly owns 6,818,229 shares of the company’s stock, valued at approximately $97,364,310.12. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Large shareholders that own 10% or more of a company’s stock are required to disclose their transactions with the SEC.

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

  • On Friday, April 22nd, Chai Trust Co Llc sold 73,356 shares of Par Pacific stock. The shares were sold at an average price of $15.09, for a total value of $1,106,942.04.
  • 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 Monday, April 18th, Chai Trust Co Llc sold 88,873 shares of Par Pacific stock. The shares were sold at an average price of $15.46, for a total value of $1,373,976.58.
  • On Wednesday, April 13th, Chai Trust Co Llc sold 48,898 shares of Par Pacific stock. The shares were 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 shares were 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 shares were sold at an average price of $13.43, for a total transaction of $245,621.27.
  • On Friday, April 1st, Chai Trust Co Llc sold 31,649 shares of Par Pacific stock. The shares were sold at an average price of $13.37, for a total transaction of $423,147.13.
  • On Wednesday, March 30th, Chai Trust Co Llc sold 17,064 shares of Par Pacific stock. The stock was sold at an average price of $13.00, for a total value of $221,832.00.

Par Pacific stock traded down $0.09 during mid-day trading on Tuesday, hitting $14.46. The stock had a trading volume of 429,553 shares, compared to its average volume of 573,225. Par Pacific Holdings, Inc. has a one year low of $11.66 and a one year high of $18.05. The company has a current ratio of 0.83, a quick ratio of 0.25 and a debt-to-equity ratio of 2.11. The firm has a market capitalization of $869.88 million, a P/E ratio of -9.92 and a beta of 2.54. The firm’s 50 day moving average is $13.45 and its 200 day moving average is $14.55.

Par Pacific (NYSE:PARRGet Rating) last released its quarterly earnings data on Wednesday, February 23rd. The company reported ($0.22) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.09) by ($0.13). The business had revenue of $1.29 billion during the quarter, compared to the consensus estimate of $1.42 billion. Par Pacific had a negative return on equity of 41.56% and a negative net margin of 1.73%. During the same period last year, the company earned ($1.41) EPS. As a group, equities research analysts forecast that Par Pacific Holdings, Inc. will post 1.08 earnings per share for the current year.

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in Par Pacific by 142.4% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 9,509 shares of the company’s stock worth $157,000 after purchasing an additional 5,586 shares in the last quarter. Allspring Global Investments Holdings LLC purchased a new position in Par Pacific in the 4th quarter worth approximately $165,000. Dynamic Technology Lab Private Ltd purchased a new position in Par Pacific in the 3rd quarter worth approximately $184,000. ProShare Advisors LLC purchased a new position in Par Pacific in the 4th quarter worth approximately $186,000. Finally, Arizona State Retirement System lifted its holdings in Par Pacific by 11.7% in the 3rd quarter. Arizona State Retirement System now owns 12,295 shares of the company’s stock worth $193,000 after purchasing an additional 1,291 shares in the last quarter. 86.68% of the stock is currently owned by institutional investors.

PARR has been the subject of several analyst reports. StockNews.com initiated coverage on Par Pacific in a research note on Thursday, March 31st. They issued a “sell” rating for the company. Zacks Investment Research upgraded Par Pacific from a “sell” rating to a “hold” rating in a research note on Wednesday, March 16th.

Par Pacific Company Profile (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.

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