Trecora Resources (NYSE:TREC) major shareholder Athel Fahad Mohammed Saleh Al sold 20,000 shares of the business’s stock in a transaction dated Wednesday, September 13th. The shares were sold at an average price of $12.64, for a total transaction of $252,800.00. Following the transaction, the insider now directly owns 3,957,044 shares of the company’s stock, valued at $50,017,036.16. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Large shareholders that own 10% or more of a company’s stock are required to disclose their transactions with the SEC.

Athel Fahad Mohammed Saleh Al also recently made the following trade(s):

  • On Tuesday, September 12th, Athel Fahad Mohammed Saleh Al sold 20,000 shares of Trecora Resources stock. The stock was sold at an average price of $12.72, for a total transaction of $254,400.00.
  • On Monday, September 11th, 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 transaction of $245,000.00.
  • On Friday, September 8th, Athel Fahad Mohammed Saleh Al sold 20,000 shares of Trecora Resources stock. The stock was sold at an average price of $12.53, for a total transaction of $250,600.00.
  • On Thursday, September 7th, 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 transaction of $243,000.00.
  • On Wednesday, September 6th, 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 transaction of $241,000.00.
  • 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 transaction 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 transaction 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 transaction 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 transaction 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 transaction of $122,000.00.

Shares of Trecora Resources (NYSE:TREC) traded up 1.58% during mid-day trading on Thursday, hitting $12.85. 52,938 shares of the stock were exchanged. The company’s 50-day moving average is $12.12 and its 200-day moving average is $11.48. The firm has a market cap of $312.29 million, a price-to-earnings ratio of 75.59 and a beta of 1.56. Trecora Resources has a 1-year low of $9.75 and a 1-year high of $14.80.

Trecora Resources (NYSE:TREC) last posted its quarterly earnings data on Thursday, August 3rd. The basic materials company reported $0.03 earnings per share for the quarter, missing the 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 net margin of 0.97% and a return on equity of 3.94%. Equities research analysts anticipate that Trecora Resources will post $0.32 earnings per share for the current fiscal year.

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A number of brokerages have recently weighed in on TREC. B. Riley reaffirmed a “buy” rating and issued a $17.50 price target on shares of Trecora Resources in a research note on Wednesday, August 2nd. BidaskClub lowered shares of Trecora Resources from a “sell” rating to a “strong sell” rating in a research note on Saturday, August 5th. TheStreet raised shares of Trecora Resources from a “c” rating to a “b-” rating in a research note on Monday, July 17th. Finally, Zacks Investment Research raised shares of Trecora Resources from a “hold” rating to a “buy” rating and set a $13.00 price target for the company in a research note on Wednesday, July 5th. One equities 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 company presently has a consensus rating of “Hold” and a consensus price target of $15.00.

Institutional investors and hedge funds have recently bought and sold shares of the business. Wellington Management Group LLP increased its position in 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 acquiring an additional 225,893 shares in the last quarter. Teachers Advisors LLC increased its position in 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 acquiring an additional 1,846 shares in the last quarter. Legion Partners Asset Management LLC acquired a new stake in Trecora Resources in the 1st quarter valued at about $157,000. Vanguard Group Inc. increased its position in Trecora Resources by 2.5% in the 1st quarter. Vanguard Group Inc. now owns 558,376 shares of the basic materials company’s stock valued at $6,198,000 after acquiring an additional 13,585 shares in the last quarter. Finally, Argent Capital Management LLC boosted 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 during the last quarter. Hedge funds and other institutional investors own 41.55% of the company’s stock.

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.

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

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