Zacks Investment Research cut shares of Par Pacific Holdings, Inc. (NASDAQ:PARR) from a hold rating to a sell rating in a research report released on Wednesday, July 12th.

According to Zacks, “Par Pacific Holdings, Inc. manages and maintains interests in energy and infrastructure businesses. The company’s operating segment consists of refining, retail and logistics. It also markets and distributes crude oil from the Western United States and Canada to refining hubs in the Midwest, Gulf Coast, East Coast and to Hawaii. Par Pacific Holdings, Inc., formerly known as Par Petroleum Corporation, is headquartered in Houston, Texas. “

Par Pacific Holdings (PARR) opened at 17.11 on Wednesday. The company’s 50 day moving average is $17.81 and its 200 day moving average is $16.34. The stock has a market cap of $783.47 million and a P/E ratio of 2444.29. Par Pacific Holdings has a 52 week low of $12.18 and a 52 week high of $19.41.

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In related news, insider William Pate purchased 15,000 shares of the firm’s stock in a transaction that occurred on Friday, May 26th. The stock was acquired at an average cost of $16.83 per share, for a total transaction of $252,450.00. Following the completion of the acquisition, the insider now owns 123,111 shares in the company, valued at approximately $2,071,958.13. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Melvyn N. Klein purchased 10,000 shares of the firm’s stock in a transaction that occurred on Wednesday, May 31st. The shares were bought at an average price of $16.95 per share, with a total value of $169,500.00. Following the completion of the acquisition, the director now owns 38,073 shares of the company’s stock, valued at approximately $645,337.35. The disclosure for this purchase can be found here.

A number of hedge funds have recently bought and sold shares of PARR. A.R.T. Advisors LLC acquired a new stake in Par Pacific Holdings during the fourth quarter worth about $380,000. Russell Investments Group Ltd. acquired a new stake in Par Pacific Holdings during the fourth quarter worth about $411,000. GSA Capital Partners LLP boosted its stake in Par Pacific Holdings by 77.0% in the fourth quarter. GSA Capital Partners LLP now owns 35,507 shares of the company’s stock worth $516,000 after buying an additional 15,443 shares during the period. Rhumbline Advisers boosted its stake in Par Pacific Holdings by 10.1% in the second quarter. Rhumbline Advisers now owns 36,615 shares of the company’s stock worth $661,000 after buying an additional 3,360 shares during the period. Finally, Schwab Charles Investment Management Inc. boosted its stake in Par Pacific Holdings by 1.4% in the second quarter. Schwab Charles Investment Management Inc. now owns 148,197 shares of the company’s stock worth $2,674,000 after buying an additional 2,045 shares during the period.

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