Parex Resources Bundle
Who Owns Parex Resources?
Understanding company ownership is key in the energy sector, influencing strategy and accountability. Parex Resources Inc., an independent oil and gas company founded in 2009, focuses on Colombia's exploration and production. It's publicly listed on the Toronto Stock Exchange.
As a publicly traded entity, Parex Resources' ownership is spread across institutional and individual shareholders, significantly impacting its strategic decisions and capital allocation. Examining its ownership evolution reveals the interplay of founder stakes, major investors, and public shareholders.
The ownership structure of Parex Resources Inc. is distributed among various shareholders, reflecting its status as a publicly traded company. As of March 31, 2025, the company reported trailing 12-month revenue of $1.22 billion. Its average production in Q1 2025 was 43,658 barrels of oil equivalent per day (boe/d). A detailed analysis of its ownership can be found by exploring its Parex Resources BCG Matrix.
Who Founded Parex Resources?
Parex Resources Inc. was established in 2009, initially focusing its oil and gas operations in Venezuela before strategically shifting its attention to Colombia. While the company's founding year is confirmed, specific details about the full names of all its original founders, their individual backgrounds, and the precise equity distribution at the company's inception are not readily available in public records.
Founding Year
Parex Resources Inc. officially commenced operations in 2009.
Initial Geographic Focus
The company's early activities were centered in Venezuela.
Strategic Shift
Operations were later strategically relocated and concentrated in Colombia.
Founder Details
Comprehensive information on all founders' full names and backgrounds is not publicly detailed.
Early Equity Structure
Specifics regarding the initial equity split or shareholding percentages at inception are not available.
Early Investment Landscape
Details on early backers, angel investors, or friends and family stakes are not provided.
The founding team's vision for Parex Resources was centered on establishing oil and gas operations, a strategy that eventually led to a strong focus on the Colombian market. Information regarding early agreements such as vesting schedules, buy-sell clauses, founder exits, or any initial ownership disputes and subsequent buyouts is not publicly disclosed. Understanding the Growth Strategy of Parex Resources provides context for its operational evolution.
Founding Vision and Operational Focus
The company was founded with a clear objective to engage in oil and gas operations, which later became predominantly focused on Colombia.
- Established in 2009.
- Initial focus on Venezuela.
- Strategic shift to Colombia.
- Vision for oil and gas operations.
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How Has Parex Resources’s Ownership Changed Over Time?
Parex Resources Inc. transitioned to a publicly traded entity in 2010, marking a significant shift in its ownership landscape. As of July 14, 2025, the company's stock was valued at C$14.50 per share, reflecting its market presence.
| Institutional Shareholder | Percentage of Holdings | Number of Shares (approx.) | As of Date |
|---|---|---|---|
| Mawer Investment Management Ltd. | 10.60% | 10,298,930 | March 23, 2025 |
| FMR LLC | 9.58% | 9,310,779 | September 23, 2024 |
| The Vanguard Group, Inc. | 4.15% | 4,037,343 | May 30, 2025 |
| BlackRock, Inc. | 4.05% | 3,939,645 | June 29, 2025 |
| Dimensional Fund Advisors LP | 3.05% | ||
| Franklin Resources, Inc. | 2.33% | ||
| American Century Investment Management Inc | 2.07% |
The institutional ownership of Parex Resources Inc. is substantial, with 94 entities having filed with the SEC, collectively managing 21,995,550 shares. This concentration of ownership among major investment firms and mutual funds suggests a strong emphasis on long-term financial performance and strategic stability, aligning with the investment objectives of these entities. The influence of these major shareholders on the company's direction is typically exerted through their voting rights and ongoing dialogue with the board of directors.
Key Institutional Stakeholders in Parex Resources
A significant portion of Parex Resources is held by institutional investors, indicating a broad base of professional management overseeing the company's assets.
- Mawer Investment Management Ltd. is a leading shareholder with over 10% ownership.
- FMR LLC and The Vanguard Group, Inc. also represent substantial institutional backing.
- BlackRock, Inc. and Dimensional Fund Advisors LP are among other major firms with significant stakes.
- This widespread institutional ownership influences corporate governance and strategic decision-making.
- For a deeper understanding of the company's journey, explore the Brief History of Parex Resources.
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Who Sits on Parex Resources’s Board?
The board of directors for Parex Resources Inc. comprises a blend of independent members and executive representation, reflecting a dedication to robust corporate governance. As of July 3, 2025, the board includes Wayne K. Foo (Chair, independent), Glenn McNamara (Vice Chair, independent), Lynn Azar (independent), Alberto Consuegra (independent), Sigmund Cornelius (independent), Mona Jasinski (independent), Jeff Lawson (independent), G.R. (Bob) MacDougall (independent), and Imad Mohsen (President and Chief Executive Officer, and Director).
| Director Name | Role | Independence |
|---|---|---|
| Wayne K. Foo | Chair | Independent |
| Glenn McNamara | Vice Chair | Independent |
| Lynn Azar | Director | Independent |
| Alberto Consuegra | Director | Independent |
| Sigmund Cornelius | Director | Independent |
| Mona Jasinski | Director | Independent |
| Jeff Lawson | Director | Independent |
| G.R. (Bob) MacDougall | Director | Independent |
| Imad Mohsen | President and Chief Executive Officer | Director |
Imad Mohsen, in his capacity as President and CEO, holds a direct ownership of 0.12% of the company's shares, with an approximate valuation of $1.30 million as of July 17, 2025. Alberto Consuegra joined the Board as an independent director on June 1, 2025, bringing over three decades of experience in the energy sector, including his recent tenure as Chief Operating Officer of Ecopetrol. Mona Jasinski and Jeff Lawson were approved as director nominees for the Annual General Meeting of Shareholders, with their appointments becoming effective on May 7, 2025. The board's average tenure stands at 4.8 years, indicating a seasoned group of directors.
Shareholder Voting Power at Parex Resources
Parex Resources operates under a one-share-one-vote principle for its common shares. Shareholder approval at the May 8, 2025, annual general meeting was overwhelmingly in favor of all proposed matters, including the election of nine directors, with typically over 96% of votes cast in support. This suggests a broad alignment among shareholders regarding company direction and management, with no reported instances of significant proxy contests or activist campaigns that would indicate concentrated control beyond standard voting rights.
- One-share-one-vote structure
- High shareholder approval percentages (over 96%)
- No reported proxy battles or activist campaigns
- Majority independent board of directors
- Experienced board with an average tenure of 4.8 years
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What Recent Changes Have Shaped Parex Resources’s Ownership Landscape?
Over the past few years, Parex Resources Inc. has focused on returning capital to shareholders and strategically expanding its asset base. This approach has included significant share repurchases and key acquisitions, shaping its ownership trends.
| Activity | Year | Details |
|---|---|---|
| Share Repurchases (NCIB) | 2024 | Approximately 5% of outstanding shares repurchased, returning C$99 million. |
| Share Repurchases (NCIB) | 2025 (YTD Feb 28) | Approximately 0.3 million shares repurchased for C$4 million. |
| Share Repurchases (NCIB) | 2025 (Apr 1 - Jun 30) | 630,000 shares repurchased for $6.1 million. |
| Total Capital Returned | Past 5 Years | C$1.5 billion returned through dividends and share repurchases. |
| Acquisition (Llanos 32 Block) | March 27, 2025 | Agreed to acquire a 12.5% stake from GeoPark Limited for $19 million. |
| Acquisition (Putumayo Basin & Farallones) | December 2024 | Agreement with Ecopetrol for a 50% working interest in four blocks and the Farallones Block. |
Parex Resources has seen a notable increase in institutional ownership, with 94 institutional owners collectively holding over 21.9 million shares as of July 2025. This reflects a growing confidence from larger investment entities in the company's strategy. The company's leadership, including President & CEO Imad Mohsen, has publicly affirmed their commitment to shareholder returns and sustainable growth. For instance, Mohsen stated on January 14, 2025, that the 2025 program prioritizes lower-risk activities and high-graded opportunities to support shareholder returns and future expansion, with exploration in the Llanos Foothills planned for 2026. Understanding the Target Market of Parex Resources can provide further context on these strategic decisions.
Shareholder Capital Returns
Parex Resources has returned a significant C$1.5 billion to shareholders over the last five years through dividends and share buybacks, demonstrating a strong commitment to capital distribution.
Strategic Asset Growth
Recent acquisitions, such as the stake in the Llanos 32 Block and interests in the Putumayo Basin, indicate a strategic focus on enhancing the company's asset portfolio.
Institutional Investor Interest
As of July 2025, 94 institutional owners held over 21.9 million shares, highlighting increased institutional backing for Parex Resources.
Management's Growth Outlook
The company's leadership is focused on a 2025 program emphasizing lower-risk activities and strategic opportunities to drive shareholder returns and future growth.
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- What is Brief History of Parex Resources Company?
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- How Does Parex Resources Company Work?
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- What are Mission Vision & Core Values of Parex Resources Company?
- What is Customer Demographics and Target Market of Parex Resources Company?
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