Insider Selling at Par Pacific Holdings in 2023 as PARR Stock Soars
March 20, 2023
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In 2023, executives at Par Pacific ($NYSE:PARR) Holdings have been engaging in insider selling of PARR stock. This comes as PARR shares have been soaring in response to strong financial performance from the company. Over the past year, PARR stock has risen over 25%, making it one of the best-performing stocks on the market. This has caused some investors to question the company’s financial prospects going forward.
Despite this, Par Pacific Holdings has managed to maintain a strong financial position and continues to be one of the top energy companies in the industry. Although insider selling can often be a sign of a company’s future financial prospects, Par Pacific Holdings appears to be an exception to the rule. With PARR stock continuing to surge and higher financial performance being reported each quarter, investors can remain confident that Par Pacific Holdings has a healthy future ahead of it.
Market Price
On Thursday, PAR PACIFIC opened at a price of $25.2 and closed at $26.6, a 3.6% increase from the last closing price of 25.7. Insider selling at Par Pacific Holdings has been on the rise as company executives take advantage of the rising stock prices to cash out and make a profit. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Par Pacific. More…
| Total Revenues | Net Income | Net Margin |
| 7.32k | 364.19 | 5.1% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Par Pacific. More…
| Operations | Investing | Financing |
| 452.61 | -87.31 | 13.41 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Par Pacific. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 3.28k | 2.64k | 10.66 |
Key Ratios Snapshot
Some of the financial key ratios for Par Pacific are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 10.7% | 42.5% | 5.9% |
| FCF Margin | ROE | ROA |
| 5.5% | 45.4% | 8.3% |
Analysis
At GoodWhale, we have conducted an analysis of PAR PACIFIC‘s fundamentals and the results are quite positive. According to our star chart analysis, PAR PACIFIC scores strong on growth and medium on assets, profitability and dividend. In terms of financial health, PAR PACIFIC has an intermediate score of 6/10, which suggests that it can ride out any crisis without too much risk of bankruptcy. Additionally, PAR PACIFIC is classified as a ‘gorilla’, meaning that it has achieved stable and high revenue or earning growth due to its strong competitive advantage. Given the strong fundamentals of PAR PACIFIC, there may be a number of different types of investors interested in the company. Some may be drawn to the company’s growth potential and solid financial health, while others may be more interested in its competitive advantage or its potential for dividend income. Whatever the case may be, PAR PACIFIC offers many attractive qualities that make it a potentially exciting investment opportunity. More…
Peers
The competition among Par Pacific Holdings Inc and its competitors is fierce. CVR Energy Inc, HF Sinclair Corp, and PBF Energy Inc are all major players in the petroleum refining industry, and each company is striving to gain market share. The company’s innovative approach to refining has allowed it to quickly gain market share and become a major competitor.
– CVR Energy Inc ($NYSE:CVI)
CVR Energy Inc. is a petroleum refining and marketing company. It owns and operates two petroleum refineries in the United States. CVR Energy’s operations are conducted through its subsidiaries, CVR refining LP and CVR Partners LP. The company was founded in 2008 and is headquartered in Sugar Land, Texas.
– HF Sinclair Corp ($NYSE:DINO)
Sinclair Broadcast Group, Inc. is one of the largest and most diversified television broadcasting companies in the country. The company owns, operates and/or provides services to more than 190 television stations in 89 markets. Sinclair is the leading local news provider in the country, as well as a producer of sports content. Sinclair’s content is delivered via multiple-platforms, including over-the-air, multi-channel video program distributors, and digital platforms. The company also owns and operates the Tennis Channel and the Ring of Honor professional wrestling promotion.
– PBF Energy Inc ($NYSE:PBF)
PBF Energy Inc is an American oil refining and marketing company. The company owns and operates oil refineries in the United States. PBF Energy Inc has a market cap of 5.73B as of 2022 and a Return on Equity of 52.76%. The company’s primary business is the refining of crude oil into petroleum products. PBF Energy Inc also owns and operates a petrochemical plant in Delaware City, Delaware.
Summary
Par Pacific Holdings has been a popular stock in the market in recent years. In 2023, several insiders including the CEO, President and CFO have been reported to sell a large portion of their shares. This has led to an increase in the stock price as investors are taking note of the potential future profits. Analysts suggest that the company’s strategic investments and aggressive growth plans have made it a good choice for long-term investments.
At the same time, some investors caution that the stock is volatile and could be subject to short-term fluctuations. Despite this, the stock is expected to remain attractive to investors seeking consistent returns.
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