PAR PACIFIC HOLDINGS, INC.
boothcheck covers PAR PACIFIC HOLDINGS, INC. (PARR) but does not put one priced-in number on it: here the defensible answer is the evidence rather than a point estimate. boothcheck publishes no house fair value, target price, or buy/sell rating. Narrative composed June 27, 2026.
• Par Pacific is a refiner whose value lives in physical assets and crack-spread cash flow, not in growth: the price sits at roughly 7 times company-wide operating income, low enough that every valuation method supports it. • The cyclical catch is that today's earnings ride refining margins that history says revert, the Hawaii index fell 45% in 2024 ⟦"The Hawaii Index declined $5.85 per barrel, or 45%"⟧, so the same operating leverage that lifts profit in a strong year cuts it in a weak one. • T
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336 institutional managers reported holding PARR in 13F filings for the quarter ended 2026-03-31. 69 opened new positions that quarter. Held by BlackRock, Vanguard Group, State Street, among others. On the short side, 4.6M shares were sold short as of the 2026-06-15 count, about 9% of shares outstanding (6 days of typical volume to cover).
Quarterly 13F filings arrive up to 45 days after quarter end, so the picture is never current (filed through 2026-05-29). Nothing here is investment advice.
PARR has cut its share count 18.5% over the past five years, spending $378.65M on repurchases. It pays no dividend. Cash returned over the past three years: $366.17M in repurchases.
Share counts are split-adjusted; repurchase totals are gross of share issuance. Nothing here is investment advice.
No open-market insider buys on file at PARR over the trailing three years. Absence is a fact about the company, not a signal. 14 officers and directors are on file.
Code P open-market purchases from SEC Form 4 filings, non-derivative, excluding scheduled 10b5-1 plans. Nothing here is investment advice.
PARR's recent reports: the day-one move, then what the following quarter actually did.
| report | day one | next quarter |
|---|---|---|
| 2023-08-10 | +8.8% | -9.6% |
| 2023-11-09 | -0.8% | +8.1% |
| 2024-03-01 | -9.9% | -14.2% |
| 2024-05-09 | -4.2% | -19.0% |
Day-one is the close-to-close move around the filing. Nothing here is investment advice.
PARR's latest 8-K filings: 2026-08-05 (items 2.02, 9.01); 2026-05-14 (items 1.01, 2.03, 7.01, 9.01); 2026-05-11 (items 7.01, 9.01); 2026-05-05 (items 2.02, 9.01); 2026-05-04 (items 5.07).
Item codes are the SEC's own classification of what each report discloses. Dates link to the filing on EDGAR. Nothing here is investment advice.
Model solve date: 2026-Q2
Narrative composed: June 27, 2026
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For informational and research purposes only. Not investment advice. Not a recommendation to buy, sell, or hold any security. boothcheck is not a registered investment adviser. Past performance does not guarantee future results.