Trecora Resources (NYSE:TREC) major shareholder Athel Fahad Mohammed Saleh Al sold 30,000 shares of the company’s stock in a transaction that occurred on Tuesday, October 10th. The shares were sold at an average price of $12.82, for a total value of $384,600.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Large shareholders that own more than 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 Monday, October 9th, Athel Fahad Mohammed Saleh Al sold 6,734 shares of Trecora Resources stock. The shares were sold at an average price of $12.75, for a total value of $85,858.50.
  • On Friday, October 6th, Athel Fahad Mohammed Saleh Al sold 8,534 shares of Trecora Resources stock. The shares were sold at an average price of $12.98, for a total value of $110,771.32.
  • On Thursday, October 5th, Athel Fahad Mohammed Saleh Al sold 11,500 shares of Trecora Resources stock. The shares were sold at an average price of $13.18, for a total value of $151,570.00.
  • On Wednesday, October 4th, Athel Fahad Mohammed Saleh Al sold 7,000 shares of Trecora Resources stock. The shares were 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 shares were 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 shares were 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 shares were 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 shares were 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 shares were 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 shares were sold at an average price of $12.67, for a total value of $253,400.00.

Trecora Resources (NYSE TREC) traded down 1.54% during mid-day trading on Wednesday, reaching $12.75. 13,773 shares of the company’s stock were exchanged. The stock has a 50-day moving average of $12.72 and a 200-day moving average of $11.71. Trecora Resources has a one year low of $9.75 and a one year high of $14.80. The stock has a market cap of $309.88 million, a price-to-earnings ratio of 70.83 and a beta of 1.58.

Trecora Resources (NYSE:TREC) last announced its quarterly earnings results on Thursday, August 3rd. The basic materials company reported $0.03 EPS for the quarter, missing the Zacks’ consensus estimate of $0.07 by ($0.04). The company had revenue of $62.12 million during the quarter, compared to analysts’ expectations of $56.68 million. Trecora Resources had a return on equity of 3.94% and a net margin of 0.97%. On average, equities research analysts anticipate that Trecora Resources will post $0.31 earnings per share for the current year.

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

A number of institutional investors have recently made changes to their positions in the business. Wellington Management Group LLP increased its stake 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 worth $31,890,000 after purchasing an additional 225,893 shares during the period. Luzich Partners LLC increased its stake in Trecora Resources by 12.0% in the 2nd 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. Dimensional Fund Advisors LP increased its stake in Trecora Resources by 2.5% in the 1st quarter. Dimensional Fund Advisors LP now owns 671,410 shares of the basic materials company’s stock worth $7,453,000 after purchasing an additional 16,452 shares during the period. Vanguard Group Inc. increased its stake 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 worth $6,198,000 after purchasing an additional 13,585 shares during the period. Finally, Royce & Associates LP increased its stake in Trecora Resources by 0.8% in the 2nd quarter. Royce & Associates LP now owns 503,700 shares of the basic materials company’s stock worth $5,667,000 after purchasing an additional 3,900 shares during the period. 41.55% of the stock is currently owned by institutional investors and hedge funds.

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)

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