Bank of New York Mellon Corp raised its holdings in shares of Trecora Resources (NYSE:TREC) by 17.6% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 143,060 shares of the basic materials company’s stock after purchasing an additional 21,407 shares during the period. Bank of New York Mellon Corp owned approximately 0.59% of Trecora Resources worth $1,610,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of the business. American International Group Inc. boosted its stake 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 last quarter. Rhumbline Advisers boosted its stake 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 last quarter. Geode Capital Management LLC boosted its stake in Trecora Resources by 2.8% during the 1st quarter. Geode Capital Management LLC now owns 142,410 shares of the basic materials company’s stock valued at $1,580,000 after purchasing an additional 3,889 shares during the last quarter. Vanguard Group Inc. boosted its stake in Trecora Resources by 2.5% during the 1st quarter. Vanguard Group Inc. now owns 558,376 shares of the basic materials company’s stock valued at $6,198,000 after purchasing an additional 13,585 shares during the last quarter. Finally, Dimensional Fund Advisors LP boosted its stake in Trecora Resources by 2.5% during the 1st quarter. Dimensional Fund Advisors LP now owns 671,410 shares of the basic materials company’s stock valued at $7,453,000 after purchasing an additional 16,452 shares during the last quarter. Institutional investors and hedge funds own 41.55% of the company’s stock.

Trecora Resources (NYSE TREC) opened at 12.25 on Thursday. The stock has a 50 day moving average price of $12.71 and a 200-day moving average price of $11.77. The stock has a market capitalization of $297.71 million, a P/E ratio of 72.06 and a beta of 1.58. Trecora Resources has a 1-year low of $9.75 and a 1-year high of $14.80.

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

In other Trecora Resources news, major shareholder Athel Fahad Mohammed Saleh Al sold 20,000 shares of the company’s stock in a transaction on Wednesday, August 30th. The shares were sold at an average price of $12.25, for a total value of $245,000.00. Following the sale, the insider now directly owns 4,137,044 shares of the company’s stock, valued at $50,678,789. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Over the last ninety days, insiders sold 619,280 shares of company stock worth $7,830,803. 6.60% of the stock is owned by corporate insiders.

Several analysts have commented on the company. Zacks Investment Research upgraded Trecora Resources from a “sell” rating to a “hold” rating in a research note on Thursday, October 12th. B. Riley reiterated a “buy” rating and set a $17.00 target price on shares of Trecora Resources in a research note on Monday, August 7th. BidaskClub downgraded Trecora Resources from a “sell” rating to a “strong sell” rating in a research note on Saturday, August 5th. Finally, TheStreet upgraded Trecora Resources from a “c” rating to a “b-” rating in a research note on Monday, July 17th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and three have assigned a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus target price of $15.00.

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Trecora Resources Company Profile

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.

Institutional Ownership by Quarter for Trecora Resources (NYSE:TREC)

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