State Street Corp Amends Par Pacific Holdings Stake
Ticker: PARR · Form: SC 13G/A · Filed: Jan 24, 2024 · CIK: 821483
| Field | Detail |
|---|---|
| Company | Par Pacific Holdings, Inc. (PARR) |
| Form Type | SC 13G/A |
| Filed Date | Jan 24, 2024 |
| Risk Level | low |
| Sentiment | neutral |
Complexity: simple
Sentiment: neutral
Topics: institutional-ownership, amendment, passive-investing
TL;DR
**State Street still holds Par Pacific shares, signaling institutional confidence.**
AI Summary
State Street Corp, a major financial institution, filed an amended SC 13G/A on January 24, 2024, indicating its ownership of common stock in Par Pacific Holdings Inc. This filing updates their previous disclosure, reflecting their holdings as of December 31, 2023. This matters to investors because it shows a significant institutional investor maintains a position in Par Pacific, potentially signaling confidence in the company's long-term prospects.
Why It Matters
This filing confirms State Street Corp's continued significant institutional ownership in Par Pacific Holdings Inc, which can influence market perception and stock stability.
Risk Assessment
Risk Level: low — This filing is a routine update from a large institutional investor and does not indicate any immediate negative or positive catalysts.
Analyst Insight
A smart investor would note State Street Corp's continued ownership as a sign of institutional presence, but would not make investment decisions based solely on this routine disclosure. Further research into Par Pacific's financials and business outlook would be prudent.
Key Players & Entities
- State Street Corp (company) — the reporting person and institutional investor
- Par Pacific Holdings Inc (company) — the subject company whose securities are being reported
- January 24, 2024 (date) — the filing date of the SC 13G/A
- December 31, 2023 (date) — the date of the event which required the filing
FAQ
What type of filing is this document?
This document is an SC 13G/A, which is an amended Schedule 13G filing under the Securities Exchange Act of 1934.
Who is the 'Reporting Person' in this filing?
The 'Reporting Person' is State Street Corp, a financial institution with a Central Index Key (CIK) of 0000093751.
What is the 'Subject Company' of this filing?
The 'Subject Company' is PAR PACIFIC HOLDINGS, INC., identified by CIK 0000821483.
What is the CUSIP number for the securities discussed in this filing?
The CUSIP number for the common stock of Par Pacific Holdings Inc is 69888T207.
What was the 'Date of Event Which Requires Filing of This Statement'?
The 'Date of Event Which Requires Filing of This Statement' was December 31, 2023.
Filing Details
This Form SC 13G/A (Form SC 13G/A) was filed with the SEC on January 24, 2024 regarding PAR PACIFIC HOLDINGS, INC. (PARR).