Vanguard Group Inc. trimmed its position in Trecora Resources (NYSE:TREC) by 0.4% during the second quarter, according to its most recent 13F filing with the SEC. The fund owned 555,884 shares of the basic materials company’s stock after selling 2,492 shares during the period. Vanguard Group Inc. owned about 2.29% of Trecora Resources worth $6,254,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Citigroup Inc. lifted its stake in shares of Trecora Resources by 576.4% in the 2nd quarter. Citigroup Inc. now owns 9,185 shares of the basic materials company’s stock valued at $104,000 after purchasing an additional 7,827 shares during the period. American International Group Inc. lifted its stake in shares of Trecora Resources by 7.1% in 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. Alliancebernstein L.P. acquired a new position in shares of Trecora Resources in the 2nd quarter valued at $147,000. Rhumbline Advisers lifted its stake in shares of Trecora Resources by 7.7% in 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. Finally, Stanley Laman Group Ltd. lifted its stake in shares of Trecora Resources by 6.8% in the 2nd quarter. Stanley Laman Group Ltd. now owns 30,770 shares of the basic materials company’s stock valued at $346,000 after purchasing an additional 1,957 shares during the period. Hedge funds and other institutional investors own 42.31% of the company’s stock.

A number of research analysts have recently weighed in on the company. Zacks Investment Research downgraded Trecora Resources from a “hold” rating to a “sell” rating in a research note on Wednesday, October 4th. B. Riley reissued a “buy” rating and issued a $17.00 price target 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 downgraded Trecora Resources from a “b-” rating to a “c+” rating in a research note on Friday, November 10th. One research analyst has rated the stock with a sell rating, one has given a hold rating and three have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average price target of $14.75.

In related news, major shareholder Athel Fahad Mohammed Saleh Al sold 5,183 shares of the firm’s stock in a transaction on Monday, November 6th. The stock was sold at an average price of $12.31, for a total transaction of $63,802.73. Following the sale, the insider now owns 3,370,718 shares of the company’s stock, valued at approximately $41,493,538.58. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders have sold a total of 724,712 shares of company stock worth $9,142,090 in the last ninety days. 6.60% of the stock is currently owned by company insiders.

Shares of Trecora Resources (NYSE:TREC) traded up $0.15 during trading on Wednesday, reaching $12.20. The company had a trading volume of 38,200 shares, compared to its average volume of 46,532. The firm has a market cap of $296.54, a P/E ratio of 48.80 and a beta of 1.48. Trecora Resources has a twelve month low of $10.13 and a twelve month high of $14.80. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.66 and a quick ratio of 1.21.

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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.

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

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