Friday, October 13, 2017 10:15 PM ET
Insider Selling at Par Pacific Holdings (PARR) Continues with Significant Sale
There was a notable sale of shares of Par Pacific Holdings by an insider today, as disclosed in a form 4 document filed with the SEC. One insider — Whitebox Advisors Llc, 10% Owner — sold 116,753 shares in the company having a market value of approximately $2,408,221. 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 sale of 2,303,434 company shares over this time period. Adding the most recent activity to this 90-day history indicates insider trades have been net sales of 2,419,187 shares and have averaged 807,062 shares per transaction over this time period.
During the last 90 days, the number of insider buy/sell trades at Par Pacific Holdings is above the 36-company peer group average. Oil & Gas Refining and Marketing peer group saw 25 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 2,421,362 shares sold with company insiders selling 91,234 shares on average.
Insider buying and selling activity that is significant has been determined by eliminating 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 in creating and writing this story.
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