Trecora Resources (NYSE:TREC) major shareholder Athel Fahad Mohammed Saleh Al sold 11,500 shares of the firm’s stock in a transaction on Thursday, October 5th. The stock was sold at an average price of $13.18, for a total value of $151,570.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Major shareholders that own at least 10% 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 Wednesday, October 4th, Athel Fahad Mohammed Saleh Al sold 7,000 shares of Trecora Resources stock. The stock was sold at an average price of $13.33, for a total value of $93,310.00.
  • 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 value 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 value 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 value 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 value of $259,000.00.
  • On Wednesday, September 27th, Athel Fahad Mohammed Saleh Al sold 20,000 shares of Trecora Resources stock. The stock was sold at an average price of $12.65, for a total value of $253,000.00.
  • On Tuesday, September 26th, Athel Fahad Mohammed Saleh Al sold 20,000 shares of Trecora Resources stock. The stock was sold at an average price of $12.67, for a total value of $253,400.00.
  • On Monday, September 25th, Athel Fahad Mohammed Saleh Al sold 20,000 shares of Trecora Resources stock. The stock was sold at an average price of $12.75, for a total value of $255,000.00.
  • On Friday, September 22nd, Athel Fahad Mohammed Saleh Al sold 20,000 shares of Trecora Resources stock. The stock was sold at an average price of $12.82, for a total value of $256,400.00.
  • On Thursday, September 21st, Athel Fahad Mohammed Saleh Al sold 20,000 shares of Trecora Resources stock. The stock was sold at an average price of $12.60, for a total value of $252,000.00.

Trecora Resources (TREC) traded down 0.76% during midday trading on Friday, hitting $13.05. The stock had a trading volume of 5,236 shares. The stock has a market cap of $317.15 million, a price-to-earnings ratio of 76.76 and a beta of 1.58. The stock has a 50 day moving average of $12.67 and a 200 day moving average of $11.66. Trecora Resources has a 12 month low of $9.75 and a 12 month high of $14.80.

Trecora Resources (NYSE:TREC) last announced its 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 net margin of 0.97% and a return on equity of 3.94%. The business had revenue of $62.12 million during the quarter, compared to analysts’ expectations of $56.68 million. Analysts expect that Trecora Resources will post $0.31 EPS for the current fiscal year.

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TREC has been the topic of several analyst reports. Zacks Investment Research raised Trecora Resources from a “hold” rating to a “buy” rating and set a $13.00 price target on the stock in a research report on Wednesday, July 5th. TheStreet raised Trecora Resources from a “c” rating to a “b-” rating in a research report on Monday, July 17th. BidaskClub downgraded Trecora Resources from a “sell” rating to a “strong sell” rating in a research report on Saturday, August 5th. Finally, B. Riley reaffirmed a “buy” rating and set a $17.00 price target on shares of Trecora Resources in a research report on Monday, August 7th. Two investment analysts have rated the stock with a sell rating and three have given a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus target price of $15.00.

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Citigroup Inc. raised its holdings in Trecora Resources by 576.4% during the second quarter. Citigroup Inc. now owns 9,185 shares of the basic materials company’s stock worth $104,000 after purchasing an additional 7,827 shares in the last quarter. American International Group Inc. raised its holdings in Trecora Resources by 7.1% during the first 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. Alliancebernstein L.P. purchased a new position in Trecora Resources during the second quarter worth about $147,000. Legion Partners Asset Management LLC purchased a new position in Trecora Resources during the first quarter worth about $157,000. Finally, The Manufacturers Life Insurance Company raised its holdings in Trecora Resources by 0.3% during the second quarter. The Manufacturers Life Insurance Company now owns 16,248 shares of the basic materials company’s stock worth $183,000 after purchasing an additional 54 shares in the last quarter. 41.55% of the stock is owned by hedge funds and other institutional investors.

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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