Par Pacific Holdings (PARR) sees Significant Insider Selling Continuing

Tuesday, September 19, 2017 10:15 PM ET

Par Pacific Holdings (PARR) sees Significant Insider Selling Continuing

There was a notable sale of shares of Par Pacific Holdings by an insider today, as indicated in a form 4 document filed with the SEC. One insider — Whitebox Advisors Llc, 10% Owner — sold 186,627 shares in the company having a market value of approximately $3,684,397. There have been 2 insiders with buy/sell transactions in the past 90 days prior to this filing. These trades have resulted in the acquisition of 1,000 company shares and the disposition of 871,867 company shares over this time period. Adding the most recent activity to this 90-day history indicates insider trades have been net sales of 1,057,494 shares and have averaged 353,165 shares per transaction over this time period.

Relative to its peers over the last 90 days, insider buy/sell trading at Par Pacific Holdings is higher than the 34-company peer group average. Oil & Gas Refining and Marketing peer group saw 15 buy/sell trades during this period for an average of 0.4 transactions per company. The number of shares per buy/sell trade for Par Pacific Holdings insiders was also higher. Within the peer group there were 140,500 shares purchased and 909,344 shares sold with company insiders disposing of 51,256 shares on average.

The data obtained in creating and writing in this story eliminates all trading activity reported to the SEC that involves awards, options, exercise of derivative securities, company buy-backs, taxes, gifts, shares acquired via inheritance and tenders or exchange offers.

Using proprietary Natural Language Generation (NLG) technology, UpTick evaluates corporate insider filings reported to the SEC and creates real-time news and analysis to report the most significant insider transactions based on transaction type, size and historical trends.

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