Par Pacific Holdings, Inc. (NASDAQ:PARR) released its quarterly earnings data on Monday. The company reported $0.24 EPS for the quarter, topping analysts’ consensus estimates of $0.22 by $0.02, Bloomberg Earnings reports. The firm had revenue of $564.25 million for the quarter, compared to analyst estimates of $600.80 million.

Shares of Par Pacific Holdings (PARR) traded down 4.004% during midday trading on Tuesday, hitting $16.425. 358,697 shares of the stock were exchanged. The stock’s 50 day moving average is $17.81 and its 200 day moving average is $16.34. The firm has a market cap of $752.10 million and a P/E ratio of 2346.428. Par Pacific Holdings has a 12-month low of $12.18 and a 12-month high of $19.41.

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Separately, Zacks Investment Research downgraded Par Pacific Holdings from a “hold” rating to a “sell” rating in a report on Wednesday, July 12th.

In other news, Director Melvyn N. Klein purchased 10,000 shares of the business’s stock in a transaction that occurred on Wednesday, May 31st. The stock was purchased at an average cost of $16.95 per share, with a total value of $169,500.00. Following the acquisition, the director now directly owns 38,073 shares of the company’s stock, valued at approximately $645,337.35. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider William Pate purchased 15,000 shares of the business’s stock in a transaction that occurred on Friday, May 26th. The shares were purchased at an average cost of $16.83 per share, with a total value of $252,450.00. Following the completion of the acquisition, the insider now directly owns 123,111 shares in the company, valued at $2,071,958.13. The disclosure for this purchase can be found here.

A number of institutional investors have recently made changes to their positions in PARR. Evermore Global Advisors LLC increased its position in shares of Par Pacific Holdings by 15.2% in the second quarter. Evermore Global Advisors LLC now owns 766,806 shares of the company’s stock valued at $13,833,000 after buying an additional 101,425 shares in the last quarter. Rubric Capital Management LP increased its position in shares of Par Pacific Holdings by 1.6% in the second quarter. Rubric Capital Management LP now owns 640,000 shares of the company’s stock worth $11,546,000 after buying an additional 10,000 shares in the last quarter. Rhumbline Advisers increased its position in shares of Par Pacific Holdings by 10.1% in the second quarter. Rhumbline Advisers now owns 36,615 shares of the company’s stock worth $661,000 after buying an additional 3,360 shares in the last quarter. Schwab Charles Investment Management Inc. increased its position in shares of Par Pacific Holdings by 1.4% in the second quarter. Schwab Charles Investment Management Inc. now owns 148,197 shares of the company’s stock worth $2,674,000 after buying an additional 2,045 shares in the last quarter. Finally, Russell Investments Group Ltd. bought a new position in shares of Par Pacific Holdings during the second quarter worth $775,000.

Earnings History for Par Pacific Holdings (NASDAQ:PARR)

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