Insider Selling: Par Pacific Holdings, Inc. (NYSE:PARR) Major Shareholder Sells 50,000 Shares of Stock

Par Pacific Holdings, Inc. (NYSE:PARRGet Rating) major shareholder Chai Trust Co Llc sold 50,000 shares of the business’s stock in a transaction that occurred on Tuesday, June 21st. The shares were sold at an average price of $16.98, for a total value of $849,000.00. Following the completion of the transaction, the insider now directly owns 3,454,646 shares of the company’s stock, valued at $58,659,889.08. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Large shareholders that own at least 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 Friday, June 17th, Chai Trust Co Llc sold 60,000 shares of Par Pacific stock. The shares were sold at an average price of $16.19, for a total value of $971,400.00.
  • On Wednesday, June 15th, Chai Trust Co Llc sold 60,000 shares of Par Pacific stock. The shares were sold at an average price of $17.72, for a total value of $1,063,200.00.
  • On Monday, June 13th, Chai Trust Co Llc sold 100,000 shares of Par Pacific stock. The shares were sold at an average price of $18.20, for a total value of $1,820,000.00.
  • On Friday, June 10th, Chai Trust Co Llc sold 60,000 shares of Par Pacific stock. The shares were sold at an average price of $19.38, for a total value of $1,162,800.00.
  • On Monday, June 6th, Chai Trust Co Llc sold 237,957 shares of Par Pacific stock. The shares were sold at an average price of $17.63, for a total value of $4,195,181.91.
  • On Thursday, June 2nd, Chai Trust Co Llc sold 78,033 shares of Par Pacific stock. The shares were sold at an average price of $17.24, for a total value of $1,345,288.92.
  • On Tuesday, May 31st, Chai Trust Co Llc sold 86,269 shares of Par Pacific stock. The stock was sold at an average price of $16.61, for a total value of $1,432,928.09.
  • On Friday, May 27th, Chai Trust Co Llc sold 104,886 shares of Par Pacific stock. The stock was sold at an average price of $16.64, for a total value of $1,745,303.04.
  • On Wednesday, May 25th, Chai Trust Co Llc sold 77,225 shares of Par Pacific stock. The stock was sold at an average price of $15.83, for a total value of $1,222,471.75.
  • On Monday, May 23rd, Chai Trust Co Llc sold 90,543 shares of Par Pacific stock. The stock was sold at an average price of $15.62, for a total value of $1,414,281.66.

Shares of PARR traded down $0.68 during trading hours on Thursday, hitting $15.61. 1,573,364 shares of the stock were exchanged, compared to its average volume of 709,430. The company has a quick ratio of 0.24, a current ratio of 0.80 and a debt-to-equity ratio of 4.64. Par Pacific Holdings, Inc. has a 12-month low of $11.66 and a 12-month high of $21.10. The stock’s 50-day moving average price is $16.08 and its two-hundred day moving average price is $14.91.

Par Pacific (NYSE:PARRGet Rating) last issued its quarterly earnings results on Wednesday, May 4th. The company reported ($0.53) EPS for the quarter, missing the consensus estimate of ($0.32) by ($0.21). Par Pacific had a negative return on equity of 23.23% and a negative net margin of 3.02%. The firm had revenue of $1.35 billion for the quarter, compared to analysts’ expectations of $1.48 billion. During the same quarter in the previous year, the firm posted ($1.55) earnings per share. Equities research analysts forecast that Par Pacific Holdings, Inc. will post 1.78 earnings per share for the current fiscal year.

Several research analysts have recently weighed in on the company. StockNews.com assumed coverage on Par Pacific in a research note on Thursday, March 31st. They set a “sell” rating for the company. Credit Suisse Group upped their target price on Par Pacific to $21.00 in a research note on Thursday, June 9th. JPMorgan Chase & Co. boosted their price target on Par Pacific from $16.00 to $17.00 in a research report on Tuesday, May 17th. Finally, Piper Sandler boosted their price target on Par Pacific from $16.00 to $19.00 and gave the stock a “neutral” rating in a research report on Monday, May 23rd.

Large investors have recently modified their holdings of the business. Captrust Financial Advisors grew its holdings in Par Pacific by 53.3% in the 1st quarter. Captrust Financial Advisors now owns 5,181 shares of the company’s stock valued at $67,000 after buying an additional 1,801 shares in the last quarter. PNC Financial Services Group Inc. grew its holdings in Par Pacific by 12.8% in the 1st quarter. PNC Financial Services Group Inc. now owns 7,513 shares of the company’s stock valued at $98,000 after buying an additional 854 shares in the last quarter. Shay Capital LLC purchased a new stake in Par Pacific in the 1st quarter valued at $154,000. Zurcher Kantonalbank Zurich Cantonalbank grew 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 valued at $157,000 after buying an additional 5,586 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC purchased a new stake in Par Pacific in the 4th quarter valued at $165,000. Institutional investors own 85.79% of the company’s stock.

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.

See Also

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

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