Key Points
- CEO William Monteleone sold 108,948 shares on March 16 at an average price of $54.06 for about $5.89 million, cutting his direct stake by 19.24% to 457,167 shares (≈$24.7M).
- Par Pacific's most recent quarter showed EPS of $1.17 (missed estimates by $0.04) while revenue of $1.81 billion beat estimates, with a 30.19% return on equity and a 4.95% net margin.
- PARR trades near its 52‑week high ($55.31) with a market cap of $2.59 billion; analysts have a consensus "Hold" rating and a $51 price target.
Par Pacific Holdings, Inc. (NYSE:PARR - Get Free Report) CEO William Monteleone sold 108,948 shares of the stock in a transaction dated Monday, March 16th. The stock was sold at an average price of $54.06, for a total transaction of $5,889,728.88. Following the sale, the chief executive officer directly owned 457,167 shares in the company, valued at $24,714,448.02. This represents a 19.24% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link.
Par Pacific Trading Down 0.5%
Shares of PARR stock opened at $52.85 on Wednesday. Par Pacific Holdings, Inc. has a fifty-two week low of $12.04 and a fifty-two week high of $55.31. The company has a 50 day moving average price of $41.83 and a 200 day moving average price of $39.67. The stock has a market capitalization of $2.59 billion, a P/E ratio of 7.25 and a beta of 1.16. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.49 and a current ratio of 1.61.
Par Pacific (NYSE:PARR - Get Free Report) last released its earnings results on Tuesday, February 24th. The company reported $1.17 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.21 by ($0.04). Par Pacific had a return on equity of 30.19% and a net margin of 4.95%.The business had revenue of $1.81 billion for the quarter, compared to analyst estimates of $1.68 billion. During the same quarter last year, the company earned ($0.79) earnings per share. Par Pacific's quarterly revenue was down 1.0% compared to the same quarter last year. Equities research analysts predict that Par Pacific Holdings, Inc. will post 0.15 EPS for the current fiscal year.
Hedge Funds Weigh In On Par Pacific
A number of institutional investors and hedge funds have recently modified their holdings of PARR. Universal Beteiligungs und Servicegesellschaft mbH acquired a new stake in shares of Par Pacific during the 3rd quarter worth about $1,149,000. Principal Financial Group Inc. boosted its holdings in Par Pacific by 38.5% in the third quarter. Principal Financial Group Inc. now owns 354,439 shares of the company's stock valued at $12,554,000 after purchasing an additional 98,524 shares in the last quarter. Creative Planning increased its stake in Par Pacific by 43.8% in the second quarter. Creative Planning now owns 50,438 shares of the company's stock valued at $1,338,000 after purchasing an additional 15,362 shares during the last quarter. Arrowstreet Capital Limited Partnership increased its stake in Par Pacific by 89.9% in the second quarter. Arrowstreet Capital Limited Partnership now owns 1,438,677 shares of the company's stock valued at $38,168,000 after purchasing an additional 681,190 shares during the last quarter. Finally, Barclays PLC raised its holdings in Par Pacific by 24.9% during the third quarter. Barclays PLC now owns 705,832 shares of the company's stock worth $25,001,000 after purchasing an additional 140,514 shares in the last quarter. Institutional investors and hedge funds own 92.15% of the company's stock.
Analyst Upgrades and Downgrades
PARR has been the topic of several analyst reports. Piper Sandler set a $57.00 price objective on Par Pacific in a research note on Monday, January 12th. Zacks Research downgraded Par Pacific from a "strong-buy" rating to a "hold" rating in a report on Tuesday, December 16th. Raymond James Financial reaffirmed an "outperform" rating and issued a $50.00 price target on shares of Par Pacific in a research report on Wednesday, February 25th. The Goldman Sachs Group lifted their price objective on Par Pacific from $44.00 to $53.00 and gave the company a "neutral" rating in a research note on Thursday, March 12th. Finally, Wall Street Zen raised Par Pacific from a "buy" rating to a "strong-buy" rating in a research report on Saturday. Four equities research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company's stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus price target of $51.00.
View Our Latest Stock Report on PARR
Par Pacific Company Profile
(
Get Free Report)
Par Pacific Holdings, Inc (NYSE: PARR) is a diversified downstream energy company engaged in the refining, marketing and logistics of petroleum products. Through its subsidiaries, Par Pacific operates the Par Hawaii Refinery on the island of Oʻahu, which processes crude oil into transportation fuels such as gasoline, diesel and jet fuel, as well as asphalt, petroleum coke and sulfur. In the Rocky Mountain region, the company owns and operates the Salt Lake City Refinery in Utah and associated logistics infrastructure, including pipelines and storage terminals, to support both crude supply and product distribution.
In marketing its refined products, Par Pacific maintains a network of branded and unbranded wholesale accounts across Hawaii and the U.S.
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