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.
By Maggie Fick and Ahmed Aboulenein
WASHINGTON (Reuters) – Members of Donald Trump’s presidential transition team are laying the groundwork for the United States to withdraw from the World Health Organization on the first day of his second term, according to a health law expert familiar with the discussions.
“I have it on good authority that he plans to withdraw, probably on Day One or very early in his administration,” said Lawrence Gostin, professor of global health at Georgetown University in Washington and director of the WHO Collaborating Center on National and Global Health (NS:) Law.
The Financial Times was first to report on the plans, citing two experts. The second expert, former White House COVID-19 response coordinator Ashish Jha, was not immediately available for comment.
The Trump transition team did not immediately respond to a Reuters request for comment.
The plan, which aligns with Trump’s longstanding criticism of the U.N. health agency, would mark a dramatic shift in U.S. global health policy and further isolate Washington from international efforts to battle pandemics.
Trump has nominated several critics of the organization to top public health positions, including Robert F. Kennedy Jr., a vaccine skeptic who is up for the post of secretary of Health and Human Services, which oversees all major U.S. health agencies including the CDC and FDA.
Trump initiated the year-long withdrawal process from the WHO in 2020 but six months later his successor, President Joe Biden, reversed the decision.
Trump has argued that the agency failed to hold China accountable for the early spread of COVID-19. He has repeatedly called the WHO a puppet of Beijing and vowed to redirect U.S. contributions to domestic health initiatives.
A WHO spokesperson declined to directly comment but referred Reuters to comments by WHO Director-General Tedros Adhanom Ghebreyesus at a press briefing on Dec. 10 in which he was asked whether he was concerned that the Trump administration would withdraw from the organization.
Tedros said at the time that the WHO needed to give the U.S. time and space for the transition. He also voiced confidence that states could finalize a pandemic agreement by May 2025.
Critics warn that a U.S. withdrawal could undermine global disease surveillance and emergency response systems.
“The U.S. would lose influence and clout in global health and China would fill the vacuum. I can’t imagine a world without a robust WHO. But U.S. withdrawal would severely weaken the agency,” Gostin said.
U.Today – MicroStrategy has made headlines again by purchasing 5,262 BTC for approximately $561 million at an average price of $106,662 per BTC. The company now holds a staggering 444,262 BTC, accumulated at a total cost of approximately $27.7 billion, with an average purchase price of $62,257 per BTC.
Despite impressive returns of 47.4% since the beginning of the quarter and 73.7% since the beginning of the year, skepticism about the company’s strategy is growing.
It is believed that to sustain its purchases, MicroStrategy raises capital through methods such as issuing convertible and corporate bonds, securing credit lines and selling shares.
This cycle appears to operate as follows: shares are sold to acquire the cryptocurrency, and the rising price per BTC increases asset value, enabling further loans, which are then reinvested in more purchases.
Some observers warn that a significant decline in Bitcoin’s price or MicroStrategy’s stock could trigger a cascade effect. A sharp fall in MSTR shares would weaken the collateral backing its loans, potentially leading to forced asset sales, including BTC.
This scenario could exert downward pressure on the broader cryptocurrency market, as the company holds 2.2% of the global Bitcoin supply now.
Thus, while some view Michael Saylor’s approach as a bold bid to cement the cryptocurrency’s role in the financial system, others see it as unsustainable. History offers a cautionary note: in 2000, MSTR shares surged to $333 before plummeting 99%, a collapse that took 24 years to recover from.
National homebuilder ranked No. 12 on inaugural list ranking companies based on trust
SCOTTSDALE, Ariz., Dec. 23, 2024 /PRNewswire/ — With a longstanding reputation for trust, national homebuilder and land developer Taylor Morrison (NYSE:) (NYSE: ™HC) has been recognized by Forbes on their inaugural list of the Most Trusted Companies in America. The homebuilder ranked No. 12 out of 300 companies across all industries.
“There are few things more powerful than trust and it’s something we strive to earn amongst all company stakeholders, from our customers to our team members, our shareholders, and our local communities,” said Taylor Morrison Chairman and CEO Sheryl Palmer. “To be included on this esteemed list in its inaugural year is especially meaningful and these awards are important reminders of the relationships we’re building across all aspects of our business.”
Fueled by hundreds of millions of data points, the Most Trusted Companies in America list combines data on a wide range of factors across four categories: employee trust, customer trust, investor trust and media sentiment. The ranking was created in partnership with research companies HundredX, Signal AI and Glassdoor.
Taylor Morrison also earned the No. 67 spot on Forbes’ inaugural America’s Best Companies list. The ranking is Forbes’ most comprehensive company ranking to date and factored in ratings for financial performance, customer and employee satisfaction, cybersecurity, sustainability, companies’ remote work policies, media coverage and more. Forbes’ America’s Best Companies list assessed more than 60 metrics across 11 primary categories to identify which organizations excel across the board. Of the more than 2,000 U.S.-based publicly traded companies that were eligible, only 300 qualified for each list.
In addition to being named among the Most Trusted and Best Companies in America by Forbes, Taylor Morrison holds several additional accolades including being named on Newsweek’s America’s Most Responsible Companies and America’s Greenest Companies lists, U.S. News & World Report’s Best Companies to Work For list, the American Opportunity (SO:) Index, America’s Most Trusted ® Home Builder for nine years, Hearthstone’s 2021 BUILDER Humanitarian Award, and inclusion on the Fortune 500 list since 2021.
About Taylor Morrison
Headquartered in Scottsdale, Arizona, Taylor Morrison is one of the nation’s leading homebuilders and developers. We serve a wide array of consumers from coast to coast, including first-time, move-up, luxury and resort lifestyle homebuyers and renters under our family of brands”including Taylor Morrison, Esplanade and Yardly. From 2016-2024, Taylor Morrison has been recognized as America’s Most Trusted ® Builder by Lifestory Research. Our long-standing commitment to sustainable operations is highlighted in our annual Sustainability and Belonging Report.
For more information about Taylor Morrison, please visit www.taylormorrison.com.
CONTACT:
media@taylormorrison.com
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