Stock Markets
Par Pacific Holdings executive sells shares worth $224,940
© Reuters.
In a recent transaction, Ivan Daniel Guerra, the Chief Accounting Officer of Par Pacific Holdings, Inc. (NYSE:), sold 6,000 shares of the company’s common stock. The sale was executed at a price of $37.49 per share, totaling $224,940.
The transaction, which took place on March 13, 2024, was disclosed in a Form 4 filing with the Securities and Exchange Commission. Following the sale, Guerra’s direct holdings in Par Pacific Holdings decreased to 16,200 shares.
Investors often monitor insider sales as they can provide insights into an executive’s perspective on the company’s current valuation. For Guerra, this transaction resulted in a substantial divestment, but it is not immediately clear what motivated the sale.
Par Pacific Holdings, based in Houston, Texas, operates in the crude petroleum and sector, with its shares publicly traded under the ticker PARR.
The details of the transaction are publicly available and provide transparency into the trading activities of the company’s insiders. It is noteworthy that the sale was made outright at a specific price point, rather than through a pre-arranged trading plan which can sometimes provide executives with a way to gradually divest their holdings without signaling immediate changes in their assessment of the company’s prospects.
Investors and analysts might consider this sale when evaluating their positions in Par Pacific Holdings, although such insider transactions are only one of many factors that can influence investment decisions.
InvestingPro Insights
Amid recent insider trading activity, Par Pacific Holdings, Inc. (NYSE:PARR) offers a mixed bag of financial metrics and analyst expectations that investors may find noteworthy. With a market capitalization of $2.21 billion, the company’s valuation is bolstered by a notably low price-to-earnings (P/E) ratio. The P/E ratio stands at 3.06, with an adjusted P/E ratio for the last twelve months as of Q4 2023 even lower at 2.91, suggesting that the stock may be undervalued relative to its earnings.
The company’s revenue growth is also a bright spot, with a 12.43% increase over the last twelve months as of Q4 2023. Quarterly growth figures are even more impressive, showing a 20.71% uptick in the same period. These growth rates could be a signal to investors of the company’s expanding operations and potential for future profitability.
However, an InvestingPro Tip highlights that Par Pacific Holdings suffers from weak gross profit margins, which stood at 16.93% for the last twelve months as of Q4 2023. This may indicate challenges in maintaining profitability despite increasing revenues. Additionally, analysts have revised their earnings expectations downwards for the upcoming period, and net income is expected to drop this year, which are factors that investors should consider.
Despite the concerns raised, the company has been profitable over the last twelve months, and analysts predict it will remain profitable this year. This is complemented by a strong return on assets of 20.4% for the same period, which could reassure investors of the company’s effective use of its assets to generate earnings.
In light of these insights, investors might wish to delve deeper into Par Pacific Holdings’ financial health and future prospects. For additional InvestingPro Tips on PARR, visit https://www.investing.com/pro/PARR, where you’ll find a comprehensive list of tips to guide your investment strategy. Use coupon code PRONEWS24 to get an additional 10% off a yearly or biyearly Pro and Pro+ subscription, unlocking even more valuable insights. There are 6 additional InvestingPro Tips available for Par Pacific Holdings that could further inform your investment decisions.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.
Investing.com — Tesla’s (NASDAQ:TSLA) latest version of its Full Self-Driving software is “suspect” and still requires improvement to ensure Robotaxi operations can be safely undertaken, independent automotive research firm AMCI Testing said in a Tuesday statement.
An extensive 1,000-mile evaluation of Tesla FSD software exposed how often human intervention was required for safe operation, AMCI Testing said. While the Tesla’s latest FSD software is “impressive,” the automotive research firm said its drivers had to intervene over 75 times during the evaluation; an average of once every 13 miles.
These result “demonstrates just how far Tesla must go before Robotaxi operations can be safely undertaken,” it added just ahead of Tesla’s Robotaxi unveiling slated for Oct. 10.
“Getting close to foolproof, yet falling short, creates an insidious and unsafe operator complacency issue as proven in the test results,” said David Stokols, CEO of AMCI Testing’s parent company, AMCI Global.
AMCI Testing said it found that the more miles driven with FSD engaged, the more likely a driver were to encounter these failure modes.
Tesla Inc (NASDAQ:) was up 1% in recent trading.
By Tim Reid and Gram Slattery
WASHINGTON (Reuters) -Donald Trump offered a series of incentives to encourage foreign companies to relocate to the United States if he wins the Nov. 5 election, including low taxes and few regulations.
The Republican presidential candidate said during his speech in Georgia the incentives would be offered only to companies that relocated manufacturing to the US and hired American workers.
“I want German car companies to become American car companies. I want them to build their plants here,” Trump said.
Trump then warned foreign companies: “If you don’t make your product here, then you will have to pay a tariff, a very substantial tariff, when you send your product into the United States.”
Trump was speaking in Savannah, which has one of the largest ports in the U.S. and is a car manufacturing hub.
Trump said he would reward U.S.-based manufacturers with tax breaks for research and developments costs, and the ability to write off the costs of heavy machinery in the first year.
On Monday, Trump said he would slap a 200% tariff on John Deere (NYSE:)’s imports into the U.S. if the agricultural equipment company moved production to Mexico as planned.
Preserving and creating American manufacturing jobs by slapping expansive tariffs on friends and foes alike has become a central theme of Trump’s economic message, particularly in the closing months of the race against Vice President Kamala Harris, the Democratic candidate.
While Trump and his allies say trade barriers are necessary to protect U.S. industry, mainstream economists roundly say Trump’s proposals would boost consumer inflation.
It is unclear what federal lands would be offered to foreign companies under Trump’s plan, or how such an arrangement would work. If land remains in federal hands while foreign companies operate on it, those companies could in theory be exempt from property tax.
Trump also reiterate a pledge to lower corporate tax rates, but only for companies that manufacture domestically. The former president said earlier this month that he would cut the rate to 15% from 21% for domestic manufacturers.
Harris, who polls show is in a tight race with Trump, is set to unveil a suite of new economic proposals in Pennsylvania on Wednesday. Some of those proposals will be broadly aimed at helping Americans build and maintain wealth, Reuters reported.
Stock Markets
Entravision, AltaMed Health Services, and BSP Research Release Week 2 Results from the 2024 National Latino Tracking Poll
Findings Highlight Latino Voter Concerns Over Economic Stability, Healthcare, and Limited Engagement of Younger Voters as Election Approaches
SANTA MONICA, Calif.–(BUSINESS WIRE)–Entravision, in collaboration with AltaMed Health Services and BSP Research, has released the second set of results from the 2024 National Latino Tracking Poll, continuing to offer real-time insights into the evolving priorities of Latino voters as the November election approaches.
This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20240924744417/en/
The second week’s results shed more light on voter concerns around economic stability, healthcare affordability, and voting engagement, particularly among younger Latinos.
Key Findings From Week 2:
- Presidential Race Remains Stable
Kamala Harris maintains a lead over Donald Trump among Latino voters, with a 56% to 33% margin, virtually unchanged from Week 1’s 55% to 33%. However, 9% of Latino voters remain completely undecided.
- Both Parties Need to Do More to Win Latino Voters’ Support
Less than half (47%) of Latino voters feel the Democratic Party is doing a good job of reaching out to them, while only a third (32%) believe the GOP is effectively courting the Latino vote.
- Younger Latino Voters Remain Unengaged
Only 55% of younger Latino voters (ages 18-29) are “almost certain” they will vote, compared to 70% of all Latino voters. Nearly half (46%) of younger Latinos feel they do not have enough information to make a presidential voting decision.
- Early Voting and Mail-in Process Confusion Grows
Currently, 49% of Latino voters intend to vote early, with 29% opting for in-person voting and 20% choosing to vote by mail. However, among those who plan to vote by mail, the percentage of individuals unfamiliar with the process has risen from 11% in Week 1 to 21% in week 2. This indicates a growing uncertainty about mail-in voting among Latino voters.
- Latino Voters Overwhelmingly Support Lower Drug Prices
A strong 87% of Latino voters support allowing Medicare to negotiate lower prescription drug prices, with support consistent across all segments, including 83% of GOP respondents.
The 2024 National Latino Voter Tracking Poll topline report is available here.
The 2024 National Latino Tracking Poll will run for eight weeks, with weekly updates released every Monday. Each week, 500 Latino voters from across the country will be surveyed on their voting intentions, key issues, healthcare concerns, and candidate favorability.
For additional information, please visit: entravision.com/political.
About Entravision (NYSE:) Communications Corporation
Entravision (NYSE: EVC) is a media and advertising technology company. Our broadcast properties include the largest television affiliate group of the Univision and UniMás television networks and one of the largest groups of primarily Spanish-language radio stations in the United States, providing our customers with substantial access and engagement opportunities in the top U.S. Hispanic markets. Smadex, our programmatic ad purchasing platform enables customers, primarily mobile app developers, to purchase advertising electronically and manage data-driven advertising campaigns. Learn more about our offerings at entravision.com.
About AltaMed Health Services
AltaMed understands that when people have health care that looks at their individual health needs and respects their cultural preferences; they grow healthy”and help their families do the same. So we’re delivering complete medical services to communities across Southern California. Since 1969, our team of qualified multicultural and bilingual professionals”from these same communities”has focused on eliminating barriers to primary care services, senior care programs, and even essential community services. With more than 60 accredited health centers and service facilities, we remain committed and ready to help you grow healthy at any age.
About AltaMed Health Services My Vote. My Health.
My Vote. My Health. is a campaign led by AltaMed Health Services, one of the nation’s largest federally qualified community health centers, to mobilize patients, families and residents in our Southern California service areas to address the social and political determinants of health. My Vote. My Health. partners with other community healthcare providers and local civic engagement organizations to help increase Latino civic participation to improve the quality of life of underserved and underrepresented communities locally and across California.
About BSP Research
BSP Research is a Latino-owned polling, research and analytics firm headquartered in Los Angeles, California, and directed by four PhD-holding political scientists.
View source version on businesswire.com: https://www.businesswire.com/news/home/20240924744417/en/
Marcelo Gaete, EVP, Public and Government Relations, Entravision
mgaete@entravision.com
Christina Sanchez, Vice President, Public Affairs, AltaMed
chsanchez@altamed.org
Source: Entravision
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