Trecora Resources (NYSE:TREC) major shareholder Athel Fahad Mohammed Saleh Al sold 7,000 shares of Trecora Resources stock in a transaction on Wednesday, October 4th. The stock was sold at an average price of $13.33, for a total transaction of $93,310.00. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Major shareholders that own 10% or more of a company’s shares are required to disclose their transactions with the SEC.

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

  • On Tuesday, October 3rd, Athel Fahad Mohammed Saleh Al sold 20,100 shares of Trecora Resources stock. The stock was sold at an average price of $13.29, for a total transaction of $267,129.00.
  • On Monday, October 2nd, Athel Fahad Mohammed Saleh Al sold 16,516 shares of Trecora Resources stock. The stock was sold at an average price of $13.20, for a total transaction of $218,011.20.
  • On Friday, September 29th, Athel Fahad Mohammed Saleh Al sold 20,000 shares of Trecora Resources stock. The stock was sold at an average price of $13.18, for a total transaction of $263,600.00.
  • On Thursday, September 28th, Athel Fahad Mohammed Saleh Al sold 20,000 shares of Trecora Resources stock. The stock was sold at an average price of $12.95, for a total transaction of $259,000.00.
  • On Wednesday, September 27th, Athel Fahad Mohammed Saleh Al sold 20,000 shares of Trecora Resources stock. The shares were sold at an average price of $12.65, for a total transaction of $253,000.00.
  • On Tuesday, September 26th, Athel Fahad Mohammed Saleh Al sold 20,000 shares of Trecora Resources stock. The shares were sold at an average price of $12.67, for a total transaction of $253,400.00.
  • On Monday, September 25th, Athel Fahad Mohammed Saleh Al sold 20,000 shares of Trecora Resources stock. The shares were sold at an average price of $12.75, for a total transaction of $255,000.00.
  • On Friday, September 22nd, Athel Fahad Mohammed Saleh Al sold 20,000 shares of Trecora Resources stock. The shares were sold at an average price of $12.82, for a total transaction of $256,400.00.
  • On Thursday, September 21st, Athel Fahad Mohammed Saleh Al sold 20,000 shares of Trecora Resources stock. The shares were sold at an average price of $12.60, for a total transaction of $252,000.00.
  • On Wednesday, September 20th, Athel Fahad Mohammed Saleh Al sold 20,000 shares of Trecora Resources stock. The shares were sold at an average price of $12.71, for a total transaction of $254,200.00.

Trecora Resources (NYSE TREC) traded down 0.188% on Thursday, reaching $13.275. 285 shares of the company’s stock were exchanged. Trecora Resources has a 12 month low of $9.75 and a 12 month high of $14.80. The firm has a market capitalization of $322.62 million, a price-to-earnings ratio of 78.088 and a beta of 1.58. The firm has a 50-day moving average of $12.64 and a 200-day moving average of $11.65.

Trecora Resources (NYSE:TREC) last announced its earnings results on Thursday, August 3rd. The basic materials company reported $0.03 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.07 by ($0.04). The firm had revenue of $62.12 million for 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 expect that Trecora Resources will post $0.31 earnings per share for the current year.

TRADEMARK VIOLATION NOTICE: This news story was first posted by American Banking News and is owned by of American Banking News. If you are accessing this news story on another website, it was stolen and reposted in violation of U.S. & international trademark and copyright legislation. The correct version of this news story can be read at https://www.americanbankingnews.com/2017/10/05/insider-selling-trecora-resources-trec-major-shareholder-sells-7000-shares-of-stock.html.

TREC has been the subject of a number of recent research reports. B. Riley reaffirmed a “buy” rating and set a $17.50 price objective on shares of Trecora Resources in a research report on Wednesday, August 2nd. Zacks Investment Research downgraded shares of Trecora Resources from a “buy” rating to a “hold” rating in a research report on Thursday, July 6th. TheStreet raised shares of Trecora Resources from a “c” rating to a “b-” rating in a research report on Monday, July 17th. Finally, BidaskClub downgraded shares of Trecora Resources from a “sell” rating to a “strong sell” rating in a research report on Saturday, August 5th. Two research analysts have rated the stock with a sell rating and three have given a buy rating to the company. The company currently has an average rating of “Hold” and an average target price of $15.00.

Several institutional investors have recently made changes to their positions in TREC. Teachers Advisors LLC increased its position in shares of Trecora Resources by 6.2% during the 4th quarter. Teachers Advisors LLC now owns 31,797 shares of the basic materials company’s stock worth $440,000 after purchasing an additional 1,846 shares in the last quarter. Bank of New York Mellon Corp increased its position in shares of Trecora Resources by 1.6% during the 1st quarter. Bank of New York Mellon Corp now owns 121,653 shares of the basic materials company’s stock worth $1,350,000 after purchasing an additional 1,899 shares in the last quarter. Oxford Asset Management increased its position in shares of Trecora Resources by 120.2% during the 1st quarter. Oxford Asset Management now owns 25,459 shares of the basic materials company’s stock worth $283,000 after purchasing an additional 13,897 shares in the last quarter. American International Group Inc. increased its position in shares of Trecora Resources by 7.1% during the 1st quarter. American International Group Inc. now owns 12,221 shares of the basic materials company’s stock worth $136,000 after purchasing an additional 813 shares in the last quarter. Finally, Wellington Management Group LLP increased its position in shares of Trecora Resources by 8.5% during the 1st 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 in the last quarter. Institutional investors and hedge funds 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)

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.