Significant Insider Selling Continues at Par Pacific Holdings (PARR)

Tuesday, October 10, 2017 10:15 PM ET

Significant Insider Selling Continues at Par Pacific Holdings (PARR)

There was a substantial 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 506,079 shares in the company having a market value of approximately $10,499,109. There have been 2 insiders with buy/sell transactions in the past 90 days prior to this filing. These trades have resulted in the purchase of 1,000 company shares and the disposition of 1,797,355 company shares over this time period. Adding the most recent activity to this 90-day history indicates insider trades have been net sales of 2,302,434 shares and have averaged 768,145 shares per transaction over this time period.

Insiders at Par Pacific Holdings have a higher number of buy/sell trades than the 36-peer company average over the last 90-day period. The Oil & Gas Refining and Marketing peer group saw 24 buy/sell trades during this period for an average of 0.7 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 1,915,283 shares sold with company insiders disposing of 73,949 shares on average.

The data obtained in composing 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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