Trecora Resources (NYSE:TREC) major shareholder Athel Fahad Mohammed Saleh Al sold 16,516 shares of Trecora Resources stock in a transaction dated Monday, October 2nd. The shares were sold at an average price of $13.20, for a total value of $218,011.20. Following the transaction, the insider now owns 3,700,528 shares in the company, valued at approximately $48,846,969.60. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Large shareholders that own at least 10% of a company’s stock are required to disclose their transactions with the SEC.

Athel Fahad Mohammed Saleh Al also recently made the following trade(s):

  • On Wednesday, October 4th, Athel Fahad Mohammed Saleh Al sold 7,000 shares of Trecora Resources stock. The shares were sold at an average price of $13.33, for a total value of $93,310.00.
  • On Tuesday, October 3rd, Athel Fahad Mohammed Saleh Al sold 20,100 shares of Trecora Resources stock. The shares were sold at an average price of $13.29, for a total value of $267,129.00.
  • On Friday, September 29th, Athel Fahad Mohammed Saleh Al sold 20,000 shares of Trecora Resources stock. The shares were sold at an average price of $13.18, for a total value of $263,600.00.
  • On Thursday, September 28th, Athel Fahad Mohammed Saleh Al sold 20,000 shares of Trecora Resources stock. The stock was sold at an average price of $12.95, for a total value of $259,000.00.
  • On Wednesday, September 27th, Athel Fahad Mohammed Saleh Al sold 20,000 shares of Trecora Resources stock. The stock was sold at an average price of $12.65, for a total value of $253,000.00.
  • On Tuesday, September 26th, Athel Fahad Mohammed Saleh Al sold 20,000 shares of Trecora Resources stock. The stock was sold at an average price of $12.67, for a total value of $253,400.00.
  • On Monday, September 25th, Athel Fahad Mohammed Saleh Al sold 20,000 shares of Trecora Resources stock. The stock was sold at an average price of $12.75, for a total value of $255,000.00.
  • On Friday, September 22nd, Athel Fahad Mohammed Saleh Al sold 20,000 shares of Trecora Resources stock. The stock was sold at an average price of $12.82, for a total value of $256,400.00.
  • On Thursday, September 21st, Athel Fahad Mohammed Saleh Al sold 20,000 shares of Trecora Resources stock. The stock was sold at an average price of $12.60, for a total value of $252,000.00.
  • On Wednesday, September 20th, Athel Fahad Mohammed Saleh Al sold 20,000 shares of Trecora Resources stock. The stock was sold at an average price of $12.71, for a total value of $254,200.00.

Shares of Trecora Resources (NYSE TREC) opened at 13.15 on Friday. The company’s 50 day moving average price is $12.67 and its 200 day moving average price is $11.66. Trecora Resources has a 12 month low of $9.75 and a 12 month high of $14.80. The company has a market cap of $319.58 million, a price-to-earnings ratio of 77.35 and a beta of 1.58.

Trecora Resources (NYSE:TREC) last announced its quarterly earnings results on Thursday, August 3rd. The basic materials company reported $0.03 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.07 by ($0.04). Trecora Resources had a net margin of 0.97% and a return on equity of 3.94%. The business had revenue of $62.12 million for the quarter, compared to analysts’ expectations of $56.68 million. On average, equities analysts expect that Trecora Resources will post $0.31 EPS for the current fiscal year.

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A number of large investors have recently made changes to their positions in the stock. The Manufacturers Life Insurance Company increased its holdings in Trecora Resources by 0.3% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 16,248 shares of the basic materials company’s stock valued at $183,000 after purchasing an additional 54 shares during the period. TIAA CREF Investment Management LLC increased its holdings in Trecora Resources by 1.2% during the 2nd quarter. TIAA CREF Investment Management LLC now owns 55,392 shares of the basic materials company’s stock valued at $623,000 after purchasing an additional 672 shares during the period. American International Group Inc. increased its holdings in Trecora Resources by 7.1% during the 1st quarter. American International Group Inc. now owns 12,221 shares of the basic materials company’s stock valued at $136,000 after purchasing an additional 813 shares during the period. Bard Associates Inc. increased its holdings in Trecora Resources by 1.3% during the 1st quarter. Bard Associates Inc. now owns 112,100 shares of the basic materials company’s stock valued at $1,244,000 after purchasing an additional 1,475 shares during the period. Finally, Rhumbline Advisers increased its holdings in Trecora Resources by 7.7% during the 2nd quarter. Rhumbline Advisers now owns 24,132 shares of the basic materials company’s stock valued at $271,000 after purchasing an additional 1,735 shares during the period. Institutional investors own 41.55% of the company’s stock.

Several analysts recently issued reports on the company. B. Riley restated a “buy” rating and issued a $17.50 price target on shares of Trecora Resources in a research note on Wednesday, August 2nd. Zacks Investment Research downgraded Trecora Resources from a “buy” rating to a “hold” rating in a research report on Thursday, July 6th. TheStreet upgraded Trecora Resources from a “c” rating to a “b-” rating in a research report on Monday, July 17th. Finally, BidaskClub downgraded Trecora Resources from a “sell” rating to a “strong sell” rating in a research report on Saturday, August 5th. Two analysts have rated the stock with a sell rating and three have given a buy rating to the stock. The company has an average rating of “Hold” and an average price target of $15.00.

About Trecora Resources

Trecora Resources (TREC) is a provider of high-purity specialty hydrocarbons and waxes. TREC owns and operates a facility located in southeast Texas, just north of Beaumont, which specializes in high-purity hydrocarbons and other petrochemical manufacturing. The Company operates through two segments: specialty petrochemical products and specialty synthetic waxes.

Insider Buying and Selling by Quarter for Trecora Resources (NYSE:TREC)

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