Shares of Trecora Resources (NYSE:TREC) have received a consensus rating of “Hold” from the six brokerages that are presently covering the company, Marketbeat reports. One research analyst has rated the stock with a sell rating, one has given a hold rating and three have given a buy rating to the company. The average 1-year price objective among brokerages that have issued a report on the stock in the last year is $15.33.

Several research analysts have recently weighed in on the company. B. Riley reiterated a “buy” rating and set a $17.50 price target on shares of Trecora Resources in a research note on Wednesday, August 2nd. Zacks Investment Research raised Trecora Resources from a “sell” rating to a “hold” rating in a report on Thursday, October 12th. BidaskClub cut Trecora Resources from a “sell” rating to a “strong sell” rating in a report on Saturday, August 5th. Finally, TheStreet raised Trecora Resources from a “c” rating to a “b-” rating in a report on Monday, July 17th.

In related news, major shareholder Athel Fahad Mohammed Saleh Al sold 20,000 shares of the firm’s stock in a transaction dated Wednesday, August 30th. The stock was sold at an average price of $12.25, for a total transaction of $245,000.00. Following the transaction, the insider now directly owns 4,137,044 shares of the company’s stock, valued at approximately $50,678,789. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Over the last three months, insiders have sold 715,932 shares of company stock worth $9,034,411. 6.60% of the stock is currently owned by insiders.

A number of institutional investors and hedge funds have recently bought and sold shares of TREC. Luzich Partners LLC grew its position in shares of Trecora Resources by 12.0% in the 2nd quarter. Luzich Partners LLC now owns 1,005,299 shares of the basic materials company’s stock worth $11,310,000 after buying an additional 107,495 shares during the last quarter. Dimensional Fund Advisors LP boosted its position in shares of Trecora Resources by 2.5% during the first 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 in the last quarter. Vanguard Group Inc. boosted its position in shares of Trecora Resources by 2.5% during the first 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 in the last quarter. Royce & Associates LP boosted its position in shares of Trecora Resources by 0.8% during the second quarter. Royce & Associates LP now owns 503,700 shares of the basic materials company’s stock valued at $5,667,000 after purchasing an additional 3,900 shares in the last quarter. Finally, State Street Corp boosted its position in shares of Trecora Resources by 8.8% during the second quarter. State Street Corp now owns 349,586 shares of the basic materials company’s stock valued at $3,933,000 after purchasing an additional 28,253 shares in the last quarter. Institutional investors and hedge funds own 41.61% of the company’s stock.

Trecora Resources (NYSE:TREC) traded down $0.05 during mid-day trading on Monday, hitting $11.55. The stock had a trading volume of 64,100 shares, compared to its average volume of 46,611. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.66 and a quick ratio of 1.21. The company has a market cap of $280.74, a P/E ratio of 46.20 and a beta of 1.48. Trecora Resources has a 12 month low of $10.13 and a 12 month high of $14.80.

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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.

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