Par Pacific Holdings, Inc. (NYSE:PARR) Major Shareholder Chai Trust Co Llc Sells 63,844 Shares of Stock

Par Pacific Holdings, Inc. (NYSE:PARRGet Rating) major shareholder Chai Trust Co Llc sold 63,844 shares of Par Pacific stock in a transaction dated Wednesday, May 11th. The shares were sold at an average price of $14.60, for a total transaction of $932,122.40. Following the completion of the sale, the insider now owns 5,608,849 shares in the company, valued at approximately $81,889,195.40. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Major shareholders that own at least 10% of a company’s shares are required to disclose their sales and purchases with the SEC.

Chai Trust Co Llc also recently made the following trade(s):

  • On Monday, May 9th, Chai Trust Co Llc sold 76,997 shares of Par Pacific stock. The stock was sold at an average price of $13.64, for a total transaction of $1,050,239.08.
  • On Friday, April 29th, Chai Trust Co Llc sold 88,809 shares of Par Pacific stock. The stock was sold at an average price of $14.99, for a total transaction of $1,331,246.91.
  • On Wednesday, April 27th, Chai Trust Co Llc sold 81,446 shares of Par Pacific stock. The stock was sold at an average price of $14.77, for a total transaction of $1,202,957.42.
  • On Monday, April 25th, Chai Trust Co Llc sold 96,388 shares of Par Pacific stock. The stock was sold at an average price of $14.28, for a total transaction of $1,376,420.64.
  • On Friday, April 22nd, Chai Trust Co Llc sold 73,356 shares of Par Pacific stock. The stock was sold at an average price of $15.09, for a total transaction of $1,106,942.04.
  • On Wednesday, April 20th, Chai Trust Co Llc sold 128,126 shares of Par Pacific stock. The stock was sold at an average price of $15.72, for a total transaction of $2,014,140.72.
  • On Monday, April 18th, Chai Trust Co Llc sold 88,873 shares of Par Pacific stock. The shares were sold at an average price of $15.46, for a total transaction of $1,373,976.58.
  • On Wednesday, April 13th, Chai Trust Co Llc sold 48,898 shares of Par Pacific stock. The shares were sold at an average price of $14.55, for a total transaction of $711,465.90.
  • On Monday, April 11th, Chai Trust Co Llc sold 20,911 shares of Par Pacific stock. The shares were sold at an average price of $13.98, for a total transaction of $292,335.78.
  • On Friday, April 8th, Chai Trust Co Llc sold 57,839 shares of Par Pacific stock. The shares were sold at an average price of $14.17, for a total transaction of $819,578.63.

Par Pacific stock opened at $15.19 on Friday. The company’s 50 day simple moving average is $13.76 and its 200-day simple moving average is $14.46. Par Pacific Holdings, Inc. has a 1 year low of $11.66 and a 1 year high of $18.05. The company has a debt-to-equity ratio of 4.64, a current ratio of 0.80 and a quick ratio of 0.25.

Par Pacific (NYSE:PARRGet Rating) last released its quarterly earnings results on Wednesday, May 4th. The company reported ($0.53) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.26) by ($0.27). Par Pacific had a negative net margin of 3.02% and a negative return on equity of 23.23%. During the same quarter in the previous year, the company earned ($1.55) earnings per share. Analysts predict that Par Pacific Holdings, Inc. will post 1.52 earnings per share for the current fiscal year.

A number of institutional investors and hedge funds have recently made changes to their positions in PARR. First Trust Advisors LP increased its stake in Par Pacific by 40.2% during the 1st quarter. First Trust Advisors LP now owns 71,221 shares of the company’s stock worth $1,268,000 after buying an additional 20,425 shares during the period. Morgan Stanley grew its holdings in Par Pacific by 46.6% during the 2nd quarter. Morgan Stanley now owns 194,515 shares of the company’s stock worth $3,271,000 after acquiring an additional 61,823 shares in the last quarter. SG Americas Securities LLC acquired a new position in Par Pacific during the 3rd quarter worth approximately $716,000. Swiss National Bank grew its holdings in Par Pacific by 11.7% during the 3rd quarter. Swiss National Bank now owns 99,659 shares of the company’s stock worth $1,567,000 after acquiring an additional 10,400 shares in the last quarter. Finally, Principal Financial Group Inc. grew its holdings in Par Pacific by 1.0% during the 3rd quarter. Principal Financial Group Inc. now owns 376,544 shares of the company’s stock worth $5,919,000 after acquiring an additional 3,562 shares in the last quarter. 85.79% of the stock is currently owned by hedge funds and other institutional investors.

Several equities analysts have weighed in on the stock. StockNews.com assumed coverage on shares of Par Pacific in a report on Thursday, March 31st. They issued a “sell” rating on the stock. Zacks Investment Research raised shares of Par Pacific from a “sell” rating to a “hold” rating in a research note on Wednesday, March 16th.

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.

Further Reading

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

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