Par Pacific Holdings, Inc. (NYSE:PARR – Get Rating) major shareholder Chai Trust Co Llc sold 60,000 shares of the company’s stock in a transaction on Wednesday, June 15th. The stock was sold at an average price of $17.72, for a total transaction of $1,063,200.00. Following the sale, the insider now directly owns 3,624,646 shares of the company’s stock, valued at $64,228,727.12. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 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 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 transaction 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 transaction 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 transaction of $4,195,181.91.
- On Thursday, June 2nd, Chai Trust Co Llc sold 78,033 shares of Par Pacific stock. The stock was sold at an average price of $17.24, for a total transaction 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 transaction 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 transaction 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 transaction 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 transaction of $1,414,281.66.
- On Monday, May 16th, Chai Trust Co Llc sold 116,072 shares of Par Pacific stock. The stock was sold at an average price of $15.49, for a total transaction of $1,797,955.28.
- On Friday, May 13th, Chai Trust Co Llc sold 65,663 shares of Par Pacific stock. The shares were sold at an average price of $15.14, for a total transaction of $994,137.82.
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PARR traded down $0.86 during midday trading on Thursday, hitting $17.14. The company had a trading volume of 1,065,353 shares, compared to its average volume of 691,171. The company has a debt-to-equity ratio of 4.64, a quick ratio of 0.24 and a current ratio of 0.80. Par Pacific Holdings, Inc. has a twelve month low of $11.66 and a twelve month high of $21.10. The firm’s 50-day simple moving average is $15.84 and its 200-day simple moving average is $14.81. The company has a market capitalization of $1.03 billion, a PE ratio of -6.82 and a beta of 2.26.
Par Pacific (NYSE:PARR – Get Rating) last announced its quarterly earnings results on Wednesday, May 4th. The company reported ($0.53) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.32) by ($0.21). The company had revenue of $1.35 billion during the quarter, compared to the consensus estimate of $1.48 billion. Par Pacific had a negative net margin of 3.02% and a negative return on equity of 23.23%. During the same period in the previous year, the firm posted ($1.55) EPS. As a group, sell-side analysts anticipate that Par Pacific Holdings, Inc. will post 1.78 EPS for the current fiscal year.
A number of research firms have recently commented on PARR. StockNews.com began coverage on shares of Par Pacific in a report on Thursday, March 31st. They set a “sell” rating for the company. Credit Suisse Group raised their price objective on shares of Par Pacific to $21.00 in a report on Thursday, June 9th. JPMorgan Chase & Co. lifted their price target on shares of Par Pacific from $16.00 to $17.00 in a report on Tuesday, May 17th. Finally, Piper Sandler lifted their price target on shares of Par Pacific from $16.00 to $19.00 and gave the company a “neutral” rating in a report on Monday, May 23rd.
Several hedge funds have recently made changes to their positions in PARR. Captrust Financial Advisors lifted its position in shares of Par Pacific by 53.3% in the first quarter. Captrust Financial Advisors now owns 5,181 shares of the company’s stock worth $67,000 after purchasing an additional 1,801 shares in the last quarter. PNC Financial Services Group Inc. increased its holdings in Par Pacific by 12.8% during the first quarter. PNC Financial Services Group Inc. now owns 7,513 shares of the company’s stock worth $98,000 after buying an additional 854 shares during the last quarter. Shay Capital LLC acquired a new position in Par Pacific during the first quarter worth $154,000. Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in Par Pacific by 142.4% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 9,509 shares of the company’s stock worth $157,000 after buying an additional 5,586 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC acquired a new position in Par Pacific during the fourth quarter worth $165,000. 85.79% of the stock is currently owned by institutional investors and hedge funds.
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.
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