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: 2026-11-04 (items 2.02, 9.01); 2026-09-28 (items 5.02, 8.01, 9.01); 2026-08-25 (items 7.01, 8.01, 9.01); 2026-08-05 (items 2.02, 9.01); 2026-05-14 (items 1.01, 2.03, 7.01, 9.01).
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.