Trecora Resources (NYSE:TREC) major shareholder Athel Fahad Mohammed Saleh Al sold 6,734 shares of the stock in a transaction dated Monday, October 9th. The stock was sold at an average price of $12.75, for a total transaction of $85,858.50. The sale was disclosed in a document filed with the SEC, which is available at this link. Major shareholders that own at least 10% of a company’s shares are required to disclose their transactions with the SEC.

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

  • On Friday, October 6th, Athel Fahad Mohammed Saleh Al sold 8,534 shares of Trecora Resources stock. The stock was sold at an average price of $12.98, for a total transaction of $110,771.32.
  • On Thursday, October 5th, Athel Fahad Mohammed Saleh Al sold 11,500 shares of Trecora Resources stock. The stock was sold at an average price of $13.18, for a total transaction of $151,570.00.
  • On Wednesday, October 4th, Athel Fahad Mohammed Saleh Al sold 7,000 shares of Trecora Resources stock. The stock was sold at an average price of $13.33, for a total transaction of $93,310.00.
  • On Tuesday, October 3rd, Athel Fahad Mohammed Saleh Al sold 20,100 shares of Trecora Resources stock. The stock was sold at an average price of $13.29, for a total transaction of $267,129.00.
  • On Monday, October 2nd, Athel Fahad Mohammed Saleh Al sold 16,516 shares of Trecora Resources stock. The stock was sold at an average price of $13.20, for a total transaction of $218,011.20.
  • On Friday, September 29th, Athel Fahad Mohammed Saleh Al sold 20,000 shares of Trecora Resources stock. The stock was sold at an average price of $13.18, for a total transaction 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 transaction 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 transaction 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 transaction 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 transaction of $255,000.00.

Shares of Trecora Resources (TREC) opened at 12.95 on Wednesday. The firm has a 50-day moving average of $12.72 and a 200 day moving average of $11.71. Trecora Resources has a 52-week low of $9.75 and a 52-week high of $14.80. The firm has a market cap of $314.72 million, a PE ratio of 76.18 and a beta of 1.58.

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

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A number of equities research analysts recently issued reports on TREC shares. B. Riley reiterated a “buy” rating and set a $17.50 target price on shares of Trecora Resources in a research report on Wednesday, August 2nd. Zacks Investment Research cut shares of Trecora Resources from a “buy” rating to a “hold” rating in a research report on Thursday, July 6th. TheStreet upgraded shares of Trecora Resources from a “c” rating to a “b-” rating in a research report on Monday, July 17th. Finally, BidaskClub cut shares of Trecora Resources from a “sell” rating to a “strong sell” rating in a research report on Saturday, August 5th. Two research analysts have rated the stock with a sell rating and three have assigned a buy rating to the company’s stock. Trecora Resources presently has an average rating of “Hold” and a consensus price target of $15.00.

Hedge funds and other institutional investors have recently modified their holdings of the business. Vanguard Group Inc. raised its stake in Trecora Resources by 2.5% during the first quarter. Vanguard Group Inc. now owns 558,376 shares of the basic materials company’s stock worth $6,198,000 after acquiring an additional 13,585 shares in the last quarter. Wellington Management Group LLP raised its stake in Trecora Resources by 8.5% during the first quarter. Wellington Management Group LLP now owns 2,873,014 shares of the basic materials company’s stock worth $31,890,000 after acquiring an additional 225,893 shares in the last quarter. Legion Partners Asset Management LLC acquired a new position in Trecora Resources during the first quarter worth about $157,000. Teachers Advisors LLC raised its stake in Trecora Resources by 6.2% during the fourth quarter. Teachers Advisors LLC now owns 31,797 shares of the basic materials company’s stock worth $440,000 after acquiring an additional 1,846 shares in the last quarter. Finally, Ironwood Investment Management LLC acquired a new position in Trecora Resources during the second quarter worth about $375,000. 41.55% of the stock is owned by hedge funds and other institutional investors.

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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