Par Pacific Holdings, Inc. (NYSEAMERICAN:PARR) SVP Joseph Israel sold 31,389 shares of the company’s stock in a transaction dated Wednesday, November 6th. The shares were sold at an average price of $24.71, for a total transaction of $775,622.19. Following the completion of the sale, the senior vice president now directly owns 85,469 shares in the company, valued at approximately $2,111,938.99. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.
Shares of PARR stock opened at $24.97 on Friday. Par Pacific Holdings, Inc. has a one year low of $13.68 and a one year high of $25.27.
Par Pacific (NYSEAMERICAN:PARR) last issued its quarterly earnings results on Monday, November 4th. The oil and gas company reported $0.13 EPS for the quarter, topping the consensus estimate of $0.10 by $0.03. The company had revenue of $1.40 billion for the quarter, compared to analyst estimates of $1.50 billion.
A number of hedge funds have recently modified their holdings of the stock. Quest Capital Management Inc. ADV purchased a new stake in Par Pacific during the third quarter worth approximately $39,000. Bank of Montreal Can grew its stake in Par Pacific by 20,528.6% during the second quarter. Bank of Montreal Can now owns 2,888 shares of the oil and gas company’s stock worth $59,000 after buying an additional 2,874 shares during the period. Tower Research Capital LLC TRC grew its stake in Par Pacific by 701.8% during the third quarter. Tower Research Capital LLC TRC now owns 8,475 shares of the oil and gas company’s stock worth $194,000 after buying an additional 7,418 shares during the period. Stone Ridge Asset Management LLC purchased a new stake in Par Pacific during the second quarter worth approximately $205,000. Finally, Municipal Employees Retirement System of Michigan grew its stake in Par Pacific by 23.0% during the third quarter. Municipal Employees Retirement System of Michigan now owns 11,020 shares of the oil and gas company’s stock worth $252,000 after buying an additional 2,060 shares during the period. 83.57% of the stock is owned by hedge funds and other institutional investors.
PARR has been the topic of several recent research reports. Royal Bank of Canada set a $22.00 price target on shares of Par Pacific and gave the company a “hold” rating in a report on Wednesday, August 7th. Goldman Sachs Group set a $28.00 price target on shares of Par Pacific and gave the company a “buy” rating in a report on Tuesday, October 15th. Finally, Zacks Investment Research raised shares of Par Pacific from a “sell” rating to a “hold” rating in a research report on Thursday. Two investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company. The company has a consensus rating of “Buy” and a consensus target price of $23.80.
Par Pacific Company Profile
Par Pacific Holdings, Inc owns, manages, and maintains interests in energy and infrastructure businesses. It operates through three segments: Refining, Retail, and Logistics. The Refining segment operates a refinery that produces ultra-low sulfur diesel, gasoline, jet fuel, marine fuel, and other associated refined products.
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