Trecora Resources (TREC) Major Shareholder Sells $245,000.00 in Stock
Trecora Resources (NYSE:TREC) major shareholder Athel Fahad Mohammed Saleh Al sold 20,000 shares of Trecora Resources 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 approximately $50,678,789. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Major shareholders that own at least 10% of a company’s stock are required to disclose their sales and purchases with the SEC.
Athel Fahad Mohammed Saleh Al also recently made the following trade(s):
- On Tuesday, August 29th, Athel Fahad Mohammed Saleh Al sold 10,000 shares of Trecora Resources stock. The shares were sold at an average price of $12.20, for a total value of $122,000.00.
Trecora Resources (NYSE:TREC) traded down 0.81% during trading on Thursday, reaching $12.25. The company’s stock had a trading volume of 25,927 shares. Trecora Resources has a 52 week low of $9.75 and a 52 week high of $14.80. The company’s 50 day moving average price is $11.88 and its 200 day moving average price is $11.50. The company has a market cap of $297.71 million, a P/E ratio of 72.06 and a beta of 1.56.
Trecora Resources (NYSE:TREC) last announced its earnings results on Thursday, August 3rd. The basic materials company reported $0.03 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.07 by $0.04. The company had revenue of $62.12 million during 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 anticipate that Trecora Resources will post $0.32 earnings per share for the current fiscal year.
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Several institutional investors have recently bought and sold shares of TREC. Citigroup Inc. increased its position in Trecora Resources by 576.4% in the second quarter. Citigroup Inc. now owns 9,185 shares of the basic materials company’s stock worth $104,000 after buying an additional 7,827 shares in the last quarter. TFS Capital LLC acquired a new position in Trecora Resources during the first quarter worth approximately $113,000. American International Group Inc. increased its position in Trecora Resources by 7.1% in the first quarter. American International Group Inc. now owns 12,221 shares of the basic materials company’s stock worth $136,000 after buying an additional 813 shares in the last quarter. Alliancebernstein L.P. acquired a new position in Trecora Resources during the second quarter worth approximately $147,000. Finally, Legion Partners Asset Management LLC acquired a new position in Trecora Resources during the first quarter worth approximately $157,000. Institutional investors own 41.55% of the company’s stock.
A number of research firms recently issued reports on TREC. B. Riley reissued a “buy” rating and set a $17.00 price objective on shares of Trecora Resources in a research report on Monday, August 7th. BidaskClub cut Trecora Resources from a “sell” rating to a “strong sell” rating in a research report on Saturday, August 5th. TheStreet raised Trecora Resources from a “c” rating to a “b-” rating in a research report on Monday, July 17th. Finally, Zacks Investment Research raised Trecora Resources from a “hold” rating to a “buy” rating and set a $13.00 price objective for the company in a research report on Wednesday, July 5th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and three have issued a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus target price of $15.00.
Trecora Resources Company Profile
Trecora Resources is engaged in manufacturing of specialty petrochemical products and synthetic waxes, and providing custom processing services. The Company operates through two segments: manufacturing of various specialty petrochemical products and manufacturing of specialty synthetic waxes. The specialty petrochemical products segment operates through South Hampton Resources, Inc (SHR).
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