Trecora Resources (NYSE:TREC) major shareholder Athel Fahad Mohammed Saleh Al sold 13,933 shares of Trecora Resources stock in a transaction that occurred on Wednesday, October 11th. The shares were sold at an average price of $12.75, for a total value of $177,645.75. The sale was disclosed in a legal filing with the SEC, which is available at this link. Large shareholders that own at least 10% of a company’s stock are required to disclose their sales and purchases with the SEC.

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

  • On Tuesday, October 10th, Athel Fahad Mohammed Saleh Al sold 30,000 shares of Trecora Resources stock. The shares were sold at an average price of $12.82, for a total value of $384,600.00.
  • 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.

Trecora Resources (NYSE TREC) traded down 0.79% during mid-day trading on Thursday, hitting $12.60. The stock had a trading volume of 19,812 shares. The stock has a 50-day moving average price of $12.73 and a 200 day moving average price of $11.72. Trecora Resources has a 12-month low of $9.75 and a 12-month high of $14.80. The firm has a market cap of $306.22 million, a P/E ratio of 74.12 and a beta of 1.58.

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

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A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. The Manufacturers Life Insurance Company increased its stake in Trecora Resources by 0.3% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 16,248 shares of the basic materials company’s stock valued at $183,000 after purchasing an additional 54 shares in the last quarter. TIAA CREF Investment Management LLC increased its stake in Trecora Resources by 1.2% in the 2nd quarter. TIAA CREF Investment Management LLC now owns 55,392 shares of the basic materials company’s stock valued at $623,000 after purchasing an additional 672 shares in the last quarter. American International Group Inc. increased its stake in Trecora Resources by 7.1% in the 1st quarter. American International Group Inc. now owns 12,221 shares of the basic materials company’s stock valued at $136,000 after purchasing an additional 813 shares in the last quarter. Rhumbline Advisers increased its stake in Trecora Resources by 7.7% in the 2nd quarter. Rhumbline Advisers now owns 24,132 shares of the basic materials company’s stock valued at $271,000 after purchasing an additional 1,735 shares in the last quarter. Finally, Teachers Advisors LLC increased its stake 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 purchasing an additional 1,846 shares in the last quarter. 41.55% of the stock is owned by hedge funds and other institutional investors.

A number of research firms have recently commented on TREC. B. Riley restated a “buy” rating and issued a $17.50 price objective on shares of Trecora Resources in a research report on Wednesday, August 2nd. Zacks Investment Research upgraded Trecora Resources from a “sell” rating to a “hold” rating in a research report on Thursday. BidaskClub cut Trecora Resources from a “sell” rating to a “strong sell” rating in a research report on Saturday, August 5th. Finally, TheStreet upgraded Trecora Resources from a “c” rating to a “b-” rating in a research report on Monday, July 17th. One research analyst has rated the stock with a sell rating, one has given a hold rating and three have assigned a buy rating to the company. The stock has an average rating of “Hold” and a consensus 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)

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