Trecora Resources (NYSE:TREC) major shareholder Athel Fahad Mohammed Saleh Al sold 20,000 shares of Trecora Resources stock in a transaction dated Wednesday, September 6th. The stock was sold at an average price of $12.05, for a total value of $241,000.00. Following the completion of the sale, the insider now directly owns 4,057,044 shares of the company’s stock, valued at approximately $48,887,380.20. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Large 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 Friday, September 1st, Athel Fahad Mohammed Saleh Al sold 20,000 shares of Trecora Resources stock. The stock was sold at an average price of $12.15, for a total value of $243,000.00.
  • On Tuesday, September 5th, Athel Fahad Mohammed Saleh Al sold 20,000 shares of Trecora Resources stock. The stock was sold at an average price of $12.05, for a total value of $241,000.00.
  • On Thursday, August 31st, Athel Fahad Mohammed Saleh Al sold 20,000 shares of Trecora Resources stock. The stock was sold at an average price of $12.23, for a total value of $244,600.00.
  • On Wednesday, August 30th, Athel Fahad Mohammed Saleh Al sold 20,000 shares of Trecora Resources stock. The stock was sold at an average price of $12.25, for a total value of $245,000.00.
  • On Tuesday, August 29th, Athel Fahad Mohammed Saleh Al sold 10,000 shares of Trecora Resources stock. The stock was sold at an average price of $12.20, for a total value of $122,000.00.

Trecora Resources (TREC) traded up 1.24% on Thursday, reaching $12.20. The company’s stock had a trading volume of 99,244 shares. The stock has a 50-day moving average of $12.04 and a 200-day moving average of $11.48. The stock has a market cap of $296.50 million, a P/E ratio of 71.76 and a beta of 1.56. Trecora Resources has a one year low of $9.75 and a one year high of $14.80.

Trecora Resources (NYSE:TREC) last issued its quarterly earnings data on Thursday, August 3rd. The basic materials company reported $0.03 EPS for the quarter, missing analysts’ consensus estimates of $0.07 by $0.04. Trecora Resources had a return on equity of 3.94% and a net margin of 0.97%. The firm had revenue of $62.12 million during the quarter, compared to analyst estimates of $56.68 million. On average, analysts predict that Trecora Resources will post $0.32 EPS for the current fiscal year.

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Several brokerages recently weighed in on TREC. B. Riley reissued a “buy” rating and issued a $17.50 price objective on shares of Trecora Resources in a report on Wednesday, August 2nd. BidaskClub lowered Trecora Resources from a “sell” rating to a “strong sell” rating in a report on Saturday, August 5th. TheStreet raised Trecora Resources from a “c” rating to a “b-” rating in a 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 report on Wednesday, July 5th. One investment analyst has rated the stock with a sell rating, one has given a hold rating and three have assigned a buy rating to the company’s stock. Trecora Resources presently has a consensus rating of “Hold” and a consensus price target of $15.00.

Institutional investors have recently modified their holdings of the company. Wellington Management Group LLP raised its stake in shares of Trecora Resources by 8.5% in the 1st quarter. Wellington Management Group LLP now owns 2,873,014 shares of the basic materials company’s stock valued at $31,890,000 after purchasing an additional 225,893 shares in the last quarter. Teachers Advisors LLC raised its stake in shares of Trecora Resources by 6.2% in the 4th quarter. Teachers Advisors LLC now owns 31,797 shares of the basic materials company’s stock valued at $440,000 after purchasing an additional 1,846 shares in the last quarter. Legion Partners Asset Management LLC acquired a new stake in shares of Trecora Resources in the 1st quarter valued at about $157,000. Argent Capital Management LLC raised its stake in shares of Trecora Resources by 2.4% in the 1st quarter. Argent Capital Management LLC now owns 194,525 shares of the basic materials company’s stock valued at $2,159,000 after purchasing an additional 4,500 shares in the last quarter. Finally, Ironwood Investment Management LLC acquired a new stake in shares of Trecora Resources in the 2nd quarter valued at about $375,000. Institutional investors and hedge funds own 41.55% of the company’s stock.

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).

Insider Buying and Selling by Quarter for Trecora Resources (NYSE:TREC)

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