Investors following PAR PACIFIC HOLDINGS, INC. (NYSE:PARR) should note that Jeffrey Ryan Hollis, the company's Senior Vice President, General Counsel, and Secretary, has recently sold shares in the company. On March 13, 2024, Hollis sold a total of 4,700 shares of common stock at a price of $37.39 per share, resulting in a total transaction value of $175,733.
This sale has adjusted Hollis's direct ownership in the company to 13,176 shares following the transaction. The price at which the stock was sold was explicitly mentioned in the accompanying footnotes of the filing, ensuring transparency of the executed trade.
As an executive officer of PAR Pacific Holdings, Hollis's transactions are closely watched for insights into the company's internal perspective. PAR Pacific, with its focus on crude petroleum and natural gas, operates within an industry subject to fluctuating market conditions, making the trading activities of its high-level executives of particular interest to investors and market analysts.
Investors and stakeholders in PAR Pacific Holdings can stay informed about further transactions and company developments by monitoring future filings and company announcements.
InvestingPro Insights
As investors analyze the recent share sale by Jeffrey Ryan Hollis of PAR Pacific Holdings, Inc. (NYSE:PARR), it's worth considering key financial metrics and expert insights that may impact the company's valuation and future performance. According to InvestingPro data, PAR Pacific has a market capitalization of approximately $2.21 billion, reflecting its size and significance in the crude petroleum and natural gas sector. Additionally, the company's Price/Earnings (P/E) ratio stands at a low 3.06, with an adjusted P/E ratio for the last twelve months as of Q4 2023 at an even lower 2.91, suggesting that the stock may be undervalued relative to its earnings.
Despite a challenging environment for the energy sector, PAR Pacific has demonstrated robust revenue growth of 12.43% over the last twelve months as of Q4 2023. This is further underscored by an impressive quarterly revenue growth of 20.71% in Q4 2023. However, one InvestingPro Tip highlights a concern regarding the company's weak gross profit margins, which stood at 16.93% in the same period. This could indicate cost pressures or pricing challenges in its operations.
Investors should also consider the company's profitability, as another InvestingPro Tip points out that analysts predict PAR Pacific will be profitable this year. This is supported by the fact that the company has been profitable over the last twelve months. However, there is an expectation of net income dropping this year, which could be a point of caution for potential investors.
For those looking for additional insights, there are more InvestingPro Tips available, providing a deeper analysis of PAR Pacific's financial health and stock performance. Interested readers can find these tips by visiting https://www.investing.com/pro/PARR. Moreover, for investors who wish to access these exclusive tips, use the coupon code PRONEWS24 to get an additional 10% off a yearly or biyearly Pro and Pro+ subscription.
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