State of Alaska Department of Revenue Buys 17,935 Shares of Par Pacific Holdings, Inc. (NYSEAMERICAN:PARR)

State of Alaska Department of Revenue lifted its stake in Par Pacific Holdings, Inc. (NYSEAMERICAN:PARR) by 174.5% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 28,210 shares of the oil and gas company’s stock after acquiring an additional 17,935 shares during the period. State of Alaska Department of Revenue owned 0.06% of Par Pacific worth $644,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. State Board of Administration of Florida Retirement System increased its position in Par Pacific by 2.5% during the 2nd quarter. State Board of Administration of Florida Retirement System now owns 18,720 shares of the oil and gas company’s stock valued at $384,000 after buying an additional 460 shares in the last quarter. Public Employees Retirement System of Ohio increased its position in Par Pacific by 1.4% during the 2nd quarter. Public Employees Retirement System of Ohio now owns 42,396 shares of the oil and gas company’s stock valued at $870,000 after buying an additional 565 shares in the last quarter. Arizona State Retirement System increased its position in Par Pacific by 1.5% during the 2nd quarter. Arizona State Retirement System now owns 46,886 shares of the oil and gas company’s stock valued at $962,000 after buying an additional 683 shares in the last quarter. Crossmark Global Holdings Inc. increased its position in Par Pacific by 6.4% during the 2nd quarter. Crossmark Global Holdings Inc. now owns 15,160 shares of the oil and gas company’s stock valued at $311,000 after buying an additional 910 shares in the last quarter. Finally, Bank of Montreal Can increased its position in Par Pacific by 20,528.6% during the 2nd quarter. Bank of Montreal Can now owns 2,888 shares of the oil and gas company’s stock valued at $59,000 after buying an additional 2,874 shares in the last quarter. 83.57% of the stock is owned by hedge funds and other institutional investors.

In other Par Pacific news, CFO William Monteleone sold 80,421 shares of the stock in a transaction that occurred on Thursday, August 8th. The stock was sold at an average price of $21.55, for a total transaction of $1,733,072.55. Following the completion of the transaction, the chief financial officer now owns 293,271 shares of the company’s stock, valued at $6,319,990.05. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider James Matthew Vaughn sold 13,672 shares of the stock in a transaction that occurred on Wednesday, August 7th. The shares were sold at an average price of $21.19, for a total value of $289,709.68. Following the transaction, the insider now directly owns 47,972 shares of the company’s stock, valued at approximately $1,016,526.68. The disclosure for this sale can be found here. Insiders have sold 134,666 shares of company stock valued at $2,892,554 in the last three months. Insiders own 2.80% of the company’s stock.

Shares of PARR opened at $22.11 on Thursday. Par Pacific Holdings, Inc. has a 52 week low of $13.68 and a 52 week high of $23.58.

Par Pacific (NYSEAMERICAN:PARR) last issued its quarterly earnings results on Monday, August 5th. The oil and gas company reported $0.45 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.50 by ($0.05). The business had revenue of $1.41 billion during the quarter, compared to the consensus estimate of $1.55 billion.

Several research firms have weighed in on PARR. Zacks Investment Research downgraded Par Pacific from a “buy” rating to a “hold” rating in a research note on Wednesday, July 31st. Royal Bank of Canada set a $22.00 price target on Par Pacific and gave the company a “hold” rating in a research note on Wednesday, August 7th. Two analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Par Pacific presently has an average rating of “Buy” and a consensus price target of $23.20.

About Par Pacific

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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Institutional Ownership by Quarter for Par Pacific (NYSEAMERICAN:PARR)

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