Chai Trust Co Llc Sells 51,872 Shares of Par Pacific Holdings, Inc. (NYSE:PARR) Stock

Par Pacific Holdings, Inc. (NYSE:PARR) major shareholder Chai Trust Co Llc sold 51,872 shares of the firm’s stock in a transaction that occurred on Monday, January 10th. The stock was sold at an average price of $17.29, for a total value of $896,866.88. The sale was disclosed in a filing with the SEC, which is available through this link. Major 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 Wednesday, January 12th, Chai Trust Co Llc sold 45,709 shares of Par Pacific stock. The stock was sold at an average price of $17.28, for a total value of $789,851.52.
  • On Wednesday, January 5th, Chai Trust Co Llc sold 72,040 shares of Par Pacific stock. The stock was sold at an average price of $17.11, for a total value of $1,232,604.40.
  • On Monday, January 3rd, Chai Trust Co Llc sold 75,074 shares of Par Pacific stock. The shares were sold at an average price of $17.00, for a total value of $1,276,258.00.
  • On Wednesday, December 29th, Chai Trust Co Llc sold 26,324 shares of Par Pacific stock. The shares were sold at an average price of $15.93, for a total value of $419,341.32.
  • On Monday, December 27th, Chai Trust Co Llc sold 22,931 shares of Par Pacific stock. The shares were sold at an average price of $15.06, for a total value of $345,340.86.
  • On Wednesday, December 22nd, Chai Trust Co Llc sold 36,628 shares of Par Pacific stock. The shares were sold at an average price of $14.89, for a total value of $545,390.92.
  • On Monday, December 20th, Chai Trust Co Llc sold 26,515 shares of Par Pacific stock. The shares were sold at an average price of $14.19, for a total value of $376,247.85.
  • On Friday, December 17th, Chai Trust Co Llc sold 45,158 shares of Par Pacific stock. The shares were sold at an average price of $13.55, for a total value of $611,890.90.
  • On Wednesday, December 15th, Chai Trust Co Llc sold 46,357 shares of Par Pacific stock. The shares were sold at an average price of $13.36, for a total value of $619,329.52.
  • On Monday, December 13th, Chai Trust Co Llc sold 26,374 shares of Par Pacific stock. The shares were sold at an average price of $13.80, for a total value of $363,961.20.

PARR opened at $17.60 on Friday. The firm has a market cap of $1.06 billion, a price-to-earnings ratio of -4.30 and a beta of 2.56. The company has a current ratio of 0.81, a quick ratio of 0.32 and a debt-to-equity ratio of 2.22. Par Pacific Holdings, Inc. has a 12 month low of $12.43 and a 12 month high of $20.18. The stock has a fifty day moving average price of $15.09 and a 200-day moving average price of $15.45.

Par Pacific (NYSE:PARR) last released its quarterly earnings results on Wednesday, November 3rd. The company reported $0.76 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.53 by $0.23. Par Pacific had a negative return on equity of 68.77% and a negative net margin of 5.36%. The firm had revenue of $1.31 billion during the quarter, compared to analyst estimates of $1.33 billion. During the same period in the previous year, the company posted ($1.06) EPS. On average, equities research analysts forecast that Par Pacific Holdings, Inc. will post -1.39 EPS for the current year.

Hedge funds have recently made changes to their positions in the stock. Punch & Associates Investment Management Inc. grew its stake in Par Pacific by 1.0% during the 2nd quarter. Punch & Associates Investment Management Inc. now owns 991,359 shares of the company’s stock worth $16,675,000 after buying an additional 9,646 shares during the last quarter. BlackRock Inc. grew its stake in Par Pacific by 3.6% during the 2nd quarter. BlackRock Inc. now owns 7,710,096 shares of the company’s stock worth $129,683,000 after buying an additional 264,673 shares during the last quarter. Public Sector Pension Investment Board grew its stake in Par Pacific by 10.5% during the 2nd quarter. Public Sector Pension Investment Board now owns 91,009 shares of the company’s stock worth $1,531,000 after buying an additional 8,650 shares during the last quarter. Schonfeld Strategic Advisors LLC purchased a new position in Par Pacific during the 2nd quarter worth $199,000. Finally, Invesco Ltd. grew its stake in Par Pacific by 37.7% during the 2nd quarter. Invesco Ltd. now owns 483,150 shares of the company’s stock worth $8,126,000 after buying an additional 132,308 shares during the last quarter. Hedge funds and other institutional investors own 87.61% of the company’s stock.

Separately, Royal Bank of Canada reissued a “hold” rating and issued a $16.00 price target on shares of Par Pacific in a research report on Friday, October 8th. Five analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $18.80.

Par Pacific Company Profile

Par Pacific Holdings, Inc engages in the operation of energy and infrastructure businesses. It operates through the following segments: Refining, Retail, Logistics, and Other. The Refining segment produces ultra-low sulfur diesel, gasoline, jet fuel, marine fuel, low sulfur fuel oil, and other associated refined products.

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

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