Chai Trust Co Llc Sells 65,663 Shares of Par Pacific Holdings, Inc. (NYSE:PARR) Stock

Par Pacific Holdings, Inc. (NYSE:PARRGet Rating) major shareholder Chai Trust Co Llc sold 65,663 shares of the stock in a transaction that occurred on Friday, May 13th. The stock was sold at an average price of $15.14, for a total transaction of $994,137.82. Following the completion of the transaction, the insider now owns 5,484,218 shares in the company, valued at $83,031,060.52. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Major shareholders that own more than 10% of a company’s stock are required to disclose their sales and purchases with the SEC.

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

  • On Monday, May 16th, Chai Trust Co Llc sold 116,072 shares of Par Pacific stock. The shares were sold at an average price of $15.49, for a total value of $1,797,955.28.
  • On Wednesday, May 11th, Chai Trust Co Llc sold 63,844 shares of Par Pacific stock. The stock was sold at an average price of $14.60, for a total value of $932,122.40.
  • On Monday, May 9th, Chai Trust Co Llc sold 76,997 shares of Par Pacific stock. The shares were sold at an average price of $13.64, for a total value of $1,050,239.08.
  • On Friday, April 29th, Chai Trust Co Llc sold 88,809 shares of Par Pacific stock. The stock was sold at an average price of $14.99, for a total transaction of $1,331,246.91.
  • On Wednesday, April 27th, Chai Trust Co Llc sold 81,446 shares of Par Pacific stock. The stock was sold at an average price of $14.77, for a total transaction of $1,202,957.42.
  • On Monday, April 25th, Chai Trust Co Llc sold 96,388 shares of Par Pacific stock. The shares were sold at an average price of $14.28, for a total transaction of $1,376,420.64.
  • On Friday, April 22nd, Chai Trust Co Llc sold 73,356 shares of Par Pacific stock. The stock was sold at an average price of $15.09, for a total transaction of $1,106,942.04.
  • On Wednesday, April 20th, Chai Trust Co Llc sold 128,126 shares of Par Pacific stock. The shares were 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 stock was 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 stock was sold at an average price of $14.55, for a total value of $711,465.90.

Shares of NYSE:PARR opened at $15.66 on Wednesday. The firm has a fifty day simple moving average of $13.84 and a two-hundred day simple moving average of $14.47. Par Pacific Holdings, Inc. has a 52 week low of $11.66 and a 52 week high of $18.05. The company has a quick ratio of 0.24, a current ratio of 0.80 and a debt-to-equity ratio of 4.64. The stock has a market capitalization of $941.48 million, a P/E ratio of -5.93 and a beta of 2.26.

Par Pacific (NYSE:PARRGet Rating) last announced its earnings results on Wednesday, May 4th. The company reported ($0.53) EPS for the quarter, missing analysts’ consensus estimates of ($0.26) by ($0.27). Par Pacific had a negative return on equity of 23.23% and a negative net margin of 3.02%. During the same period in the previous year, the firm posted ($1.55) earnings per share. On average, analysts expect that Par Pacific Holdings, Inc. will post 1.52 earnings per share for the current year.

A number of hedge funds have recently bought and sold shares of PARR. Boston Partners bought a new stake in shares of Par Pacific in the 1st quarter worth about $16,796,000. Caspian Capital LP bought a new position in shares of Par Pacific during the fourth quarter valued at approximately $18,996,000. Oaktree Capital Management LP raised its holdings in shares of Par Pacific by 70.0% in the third quarter. Oaktree Capital Management LP now owns 2,210,000 shares of the company’s stock worth $34,741,000 after buying an additional 910,000 shares during the period. State Street Corp lifted its stake in shares of Par Pacific by 34.2% during the 1st quarter. State Street Corp now owns 2,787,761 shares of the company’s stock worth $36,297,000 after acquiring an additional 710,461 shares during the last quarter. Finally, Hotchkis & Wiley Capital Management LLC purchased a new position in Par Pacific during the 3rd quarter valued at $6,230,000. Institutional investors and hedge funds own 85.79% of the company’s stock.

PARR has been the topic of several research analyst reports. Zacks Investment Research raised shares of Par Pacific from a “sell” rating to a “hold” rating in a report on Wednesday, March 16th. JPMorgan Chase & Co. increased their price objective on shares of Par Pacific from $16.00 to $17.00 in a report on Tuesday. Finally, StockNews.com assumed coverage on Par Pacific in a research report on Thursday, March 31st. They issued a “sell” rating on the stock.

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.

See Also

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

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