Par Pacific Holdings, Inc. (NASDAQ:PARR) Shares Sold by Stoneridge Investment Partners LLC
Stoneridge Investment Partners LLC lowered its position in shares of Par Pacific Holdings, Inc. (NASDAQ:PARR) by 71.5% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 10,762 shares of the company’s stock after selling 26,974 shares during the period. Stoneridge Investment Partners LLC’s holdings in Par Pacific Holdings were worth $194,000 at the end of the most recent quarter.
Separately, Russell Investments Group Ltd. purchased a new position in shares of Par Pacific Holdings during the second quarter worth approximately $775,000.
Par Pacific Holdings, Inc. (NASDAQ PARR) opened at 16.85 on Friday. Par Pacific Holdings, Inc. has a 52 week low of $12.18 and a 52 week high of $19.41. The stock has a 50 day moving average price of $17.73 and a 200 day moving average price of $16.46. The stock has a market cap of $771.56 million and a PE ratio of 37.61.
Par Pacific Holdings (NASDAQ:PARR) last issued its quarterly earnings results on Monday, August 7th. The company reported $0.24 EPS for the quarter, beating analysts’ consensus estimates of $0.22 by $0.02. The business had revenue of $564.25 million during the quarter, compared to analysts’ expectations of $600.80 million. On average, equities analysts predict that Par Pacific Holdings, Inc. will post $1.23 earnings per share for the current year.
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Separately, Zacks Investment Research cut Par Pacific Holdings from a “hold” rating to a “sell” rating in a report on Wednesday, July 12th.
In other Par Pacific Holdings news, insider William Pate purchased 15,000 shares of Par Pacific Holdings stock in a transaction that occurred on Friday, May 26th. The stock was purchased at an average price of $16.83 per share, with a total value of $252,450.00. Following the completion of the acquisition, the insider now owns 123,111 shares of the company’s stock, valued at approximately $2,071,958.13. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Melvyn N. Klein purchased 10,000 shares of Par Pacific Holdings stock in a transaction that occurred on Wednesday, May 31st. The stock was acquired 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 disclosure for this purchase can be found here. Insiders purchased 26,000 shares of company stock valued at $438,390 in the last three months.
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