SCHEDULE 13G/A: BlackRock Amends Stake in Par Pacific Holdings, Disclosing 13.8% Beneficial Ownership
Beneficial Ownership Disclosure
BlackRock, Inc. has filed an Amendment No. 11 to its Schedule 13G, reporting a 13.8% beneficial ownership stake in Par Pacific Holdings, Inc. as of March 31, 2025.
Summary
- BlackRock, Inc. has filed an Amendment No. 11 to its Schedule 13G, disclosing its beneficial ownership in PAR PACIFIC HOLDINGS, INC. Common Stock.
- As of March 31, 2025, BlackRock, Inc. beneficially owns an aggregate of 7,517,357 shares of PAR PACIFIC HOLDINGS, INC. Common Stock.
- This ownership represents 13.8% of the total outstanding common stock of PAR PACIFIC HOLDINGS, INC.
- BlackRock holds sole voting power over 7,423,493 shares and sole dispositive power over 7,517,357 shares.
- No shared voting or dispositive power is reported by BlackRock.
- The filing identifies BlackRock, Inc. as a parent holding company and control person.
- iShares Core S&P Small-Cap ETF, a BlackRock entity, is noted to have an interest exceeding 5% of the total outstanding common stock.
- BlackRock certifies that the securities were acquired and are held in the ordinary course of business and not for the purpose of changing or influencing the control of the issuer.
Sentiment
Score: 5
Explanation: The document is a factual disclosure of beneficial ownership and does not contain subjective language or performance metrics that would indicate a positive or negative sentiment.
Positives
- The disclosure of a significant 13.8% stake by a major institutional investor like BlackRock may be viewed as a vote of confidence in PAR PACIFIC HOLDINGS, INC.
Future Outlook
NA
Industry Context
This filing is a standard disclosure of beneficial ownership by a large institutional investor, BlackRock, in a publicly traded company, PAR PACIFIC HOLDINGS, INC. It reflects BlackRock's portfolio management activities rather than specific industry trends or competitive positioning.
Stakeholder Impact
- Shareholders: BlackRock's significant stake may be perceived as a positive signal, potentially increasing investor confidence in the company's stock.
Key Dates
| Date | Description |
|---|---|
| 2025-01-21 | Date of execution for the Power of Attorney document, revoking a previous one from April 30, 2023. |
| 2025-03-31 | Date of event which requires filing of this statement (reporting period end date). |
| 2025-04-30 | Date of signature for the Schedule 13G Amendment No. 11 filing. |
Keywords
BlackRock, PAR PACIFIC HOLDINGS, Schedule 13G, Beneficial Ownership, Common Stock, Institutional Investor, SEC Filing, Investment Management
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