Trecora Resources (NYSE:TREC) major shareholder Athel Fahad Mohammed Saleh Al sold 20,000 shares of the company’s stock in a transaction dated Thursday, September 14th. The stock was sold at an average price of $12.71, for a total value of $254,200.00. Following the sale, the insider now owns 3,937,044 shares of the company’s stock, valued at approximately $50,039,829.24. The transaction was disclosed in a filing with the SEC, which is accessible through this link. 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 Wednesday, September 13th, Athel Fahad Mohammed Saleh Al sold 20,000 shares of Trecora Resources stock. The stock was sold at an average price of $12.64, for a total value of $252,800.00.
  • 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 value 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 value 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 value 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 value 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 value 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 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.

Trecora Resources (TREC) traded up 0.39% during trading on Friday, hitting $12.85. The company had a trading volume of 128,987 shares. The stock has a market capitalization of $312.29 million, a PE ratio of 75.59 and a beta of 1.56. Trecora Resources has a one year low of $9.75 and a one year high of $14.80. The stock has a 50-day moving average of $12.19 and a 200-day moving average of $11.50.

Trecora Resources (NYSE:TREC) last posted its quarterly earnings results 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 business had revenue of $62.12 million for the quarter, compared to the consensus estimate of $56.68 million. On average, equities analysts anticipate that Trecora Resources will post $0.32 EPS for the current year.

ILLEGAL ACTIVITY WARNING: This news story was first reported by American Banking News and is owned by of American Banking News. If you are reading this news story on another website, it was stolen and reposted in violation of international trademark & copyright laws. The original version of this news story can be read at https://www.americanbankingnews.com/2017/09/15/athel-fahad-mohammed-saleh-al-sells-20000-shares-of-trecora-resources-trec-stock-4.html.

A number of institutional investors have recently bought and sold shares of TREC. Wellington Management Group LLP grew its holdings in Trecora Resources by 8.5% during the first quarter. Wellington Management Group LLP now owns 2,873,014 shares of the basic materials company’s stock worth $31,890,000 after purchasing an additional 225,893 shares during the period. Kennedy Capital Management Inc. bought a new position in Trecora Resources during the second quarter worth about $1,256,000. Luzich Partners LLC grew its holdings in Trecora Resources by 12.0% during the second quarter. Luzich Partners LLC now owns 1,005,299 shares of the basic materials company’s stock worth $11,310,000 after purchasing an additional 107,495 shares during the period. Balter Liquid Alternatives LLC grew its holdings in Trecora Resources by 131.7% during the first quarter. Balter Liquid Alternatives LLC now owns 94,454 shares of the basic materials company’s stock worth $1,048,000 after purchasing an additional 53,683 shares during the period. Finally, Ironwood Investment Management LLC bought a new position in Trecora Resources during the second quarter worth about $375,000. Institutional investors and hedge funds own 41.55% of the company’s stock.

Several equities analysts recently weighed in on TREC shares. TheStreet raised Trecora Resources from a “c” rating to a “b-” rating in a research report on Monday, July 17th. 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. 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. Finally, BidaskClub cut Trecora Resources from a “sell” rating to a “strong sell” rating in a research report on Saturday, August 5th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and three have given a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average price target of $15.00.

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.

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

Receive News & Ratings for Trecora Resources Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Trecora Resources and related companies with MarketBeat.com's FREE daily email newsletter.