Par Pacific Holdings, Inc. (NYSE:PARR – Get Rating) major shareholder Chai Trust Co Llc sold 50,000 shares of the business’s stock in a transaction dated 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 sale, the insider now owns 3,454,646 shares in the company, valued at $58,659,889.08. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 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 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 shares were 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.
Par Pacific stock opened at $15.62 on Friday. 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 is $16.12 and its 200-day moving average is $14.93. The company has a current ratio of 0.80, a quick ratio of 0.24 and a debt-to-equity ratio of 4.64. The company has a market capitalization of $939.07 million, a price-to-earnings ratio of -5.92 and a beta of 2.26.
Par Pacific (NYSE:PARR – Get Rating) last posted its 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 net margin of 3.02% and a negative return on equity of 23.23%. The firm had revenue of $1.35 billion during the quarter, compared to analyst estimates of $1.48 billion. During the same period in the previous year, the company posted ($1.55) EPS. As a group, equities research analysts predict that Par Pacific Holdings, Inc. will post 1.78 earnings per share for the current fiscal year.
A number of equities analysts have weighed in on the company. StockNews.com assumed coverage on Par Pacific in a research report on Thursday, March 31st. They set a “sell” rating on the stock. 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. 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, Credit Suisse Group upped their target price on Par Pacific to $21.00 in a research report on Thursday, June 9th.
Several hedge funds have recently modified their holdings of PARR. Captrust Financial Advisors boosted its stake 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 valued at $67,000 after buying an additional 1,801 shares during the period. PNC Financial Services Group Inc. boosted its stake in shares of Par Pacific by 12.8% in the first 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 during the period. Shay Capital LLC bought a new stake in shares of Par Pacific in the first quarter valued at approximately $154,000. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in shares of Par Pacific by 142.4% in the fourth 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 during the period. Finally, Allspring Global Investments Holdings LLC bought a new stake in shares of Par Pacific in the fourth quarter valued at approximately $165,000. Institutional investors and hedge funds 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.
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Source: defenseworld.net