BlackRock Amends PAR PACIFIC Holdings Stake, Remains Key Shareholder
Ticker: PARR · Form: SC 13G/A · Filed: Jan 23, 2024 · CIK: 821483
| Field | Detail |
|---|---|
| Company | Par Pacific Holdings, Inc. (PARR) |
| Form Type | SC 13G/A |
| Filed Date | Jan 23, 2024 |
| Risk Level | low |
| Sentiment | neutral |
Complexity: simple
Sentiment: neutral
Topics: institutional-ownership, amendment, passive-investing
TL;DR
**BlackRock still owns a chunk of PAR PACIFIC, signaling continued institutional interest.**
AI Summary
BlackRock Inc. filed an amended SC 13G/A on January 23, 2024, disclosing its ownership in PAR PACIFIC HOLDINGS, INC. as of December 31, 2023. This filing, Amendment No. 8, indicates that BlackRock continues to be a significant institutional holder of PAR PACIFIC's Common Stock. For investors, this means a major institutional player maintains a stake, which can signal confidence in the company's long-term prospects, but also that BlackRock's future trading activity could influence the stock price.
Why It Matters
This filing confirms BlackRock's continued significant institutional ownership in PAR PACIFIC HOLDINGS, INC., providing transparency on a major investor's position. It matters because large institutional holdings can influence stock stability and future trading patterns.
Risk Assessment
Risk Level: low — This is a routine amendment by a large institutional investor, indicating no immediate significant risk or change in company fundamentals.
Analyst Insight
An investor should note BlackRock's continued presence as a significant shareholder, which might suggest long-term institutional confidence. However, this filing alone doesn't provide new information about BlackRock's current percentage ownership or recent trading activity, so further due diligence on PAR PACIFIC's fundamentals and BlackRock's full 13F holdings would be prudent.
Key Players & Entities
- BlackRock Inc. (company) — the institutional investor filing the SC 13G/A
- PAR PACIFIC HOLDINGS, INC. (company) — the subject company whose securities are being reported
- December 31, 2023 (date) — the date of the event requiring the filing
- January 23, 2024 (date) — the filing date of the SC 13G/A
- Amendment No. 8 (number) — the specific amendment number for this filing
FAQ
What type of filing is this document?
This document is an SC 13G/A, which is an amendment to a Schedule 13G filing, as stated in the 'FORM TYPE: SC 13G/A' and 'SCHEDULE 13G (Amendment No: 8)' sections.
Who is the filer of this SC 13G/A?
The filer of this SC 13G/A is BlackRock Inc., as indicated under the 'FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: BlackRock Inc.' section.
What is the subject company of this filing?
The subject company is PAR PACIFIC HOLDINGS, INC., as stated under 'SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: PAR PACIFIC HOLDINGS, INC.' and 'PAR PACIFIC HOLDINGS, INC (Name of Issuer)'.
What is the date of the event that required this filing?
The date of the event which required this filing is December 31, 2023, as specified in the 'Date of Event Which Requires Filing of this Statement' section.
What is the CUSIP number for the securities reported in this filing?
The CUSIP number for the Common Stock of PAR PACIFIC HOLDINGS, INC. is 69888T207, as listed under the 'CUSIP Number' section.
Filing Details
This Form SC 13G/A (Form SC 13G/A) was filed with the SEC on January 23, 2024 regarding PAR PACIFIC HOLDINGS, INC. (PARR).