Trecora Resources (NYSE:TREC) major shareholder Athel Fahad Mohammed Saleh Al sold 30,000 shares of the firm’s stock in a transaction dated Monday, October 23rd. The stock was sold at an average price of $12.41, for a total value of $372,300.00. Following the completion of the sale, the insider now directly owns 3,492,170 shares of the company’s stock, valued at approximately $43,337,829.70. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Major shareholders that own more than 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 Thursday, October 19th, Athel Fahad Mohammed Saleh Al sold 1,545 shares of Trecora Resources stock. The stock was sold at an average price of $12.30, for a total value of $19,003.50.
  • On Tuesday, October 17th, Athel Fahad Mohammed Saleh Al sold 12,713 shares of Trecora Resources stock. The stock was sold at an average price of $12.32, for a total value of $156,624.16.
  • On Monday, October 16th, Athel Fahad Mohammed Saleh Al sold 12,416 shares of Trecora Resources stock. The stock was sold at an average price of $12.67, for a total value of $157,310.72.
  • On Friday, October 13th, Athel Fahad Mohammed Saleh Al sold 16,734 shares of Trecora Resources stock. The stock was sold at an average price of $12.84, for a total value of $214,864.56.
  • On Thursday, October 12th, Athel Fahad Mohammed Saleh Al sold 13,100 shares of Trecora Resources stock. The stock was sold at an average price of $12.68, for a total value of $166,108.00.
  • On Wednesday, October 11th, Athel Fahad Mohammed Saleh Al sold 13,933 shares of Trecora Resources stock. The stock was sold at an average price of $12.75, for a total value of $177,645.75.
  • On Tuesday, October 10th, Athel Fahad Mohammed Saleh Al sold 30,000 shares of Trecora Resources stock. The stock was 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 stock was 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 stock was 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 stock was sold at an average price of $13.18, for a total value of $151,570.00.

Shares of Trecora Resources (TREC) traded up 1.62% on Tuesday, reaching $12.55. The company had a trading volume of 18,997 shares. The company’s 50-day moving average price is $12.72 and its 200 day moving average price is $11.80. Trecora Resources has a 52 week low of $9.75 and a 52 week high of $14.80. The firm has a market capitalization of $305.00 million, a P/E ratio of 73.82 and a beta of 1.57.

Trecora Resources (NYSE:TREC) last posted its quarterly earnings data on Thursday, August 3rd. The basic materials company reported $0.03 earnings per share 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 company had revenue of $62.12 million for the quarter, compared to analyst estimates of $56.68 million. On average, analysts expect that Trecora Resources will post $0.31 EPS for the current year.

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A number of institutional investors have recently bought and sold shares of the business. The Manufacturers Life Insurance Company lifted its position in Trecora Resources by 0.3% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 16,248 shares of the basic materials company’s stock worth $183,000 after acquiring an additional 54 shares during the period. Luzich Partners LLC lifted its position in Trecora Resources by 12.0% during the 2nd quarter. Luzich Partners LLC now owns 1,005,299 shares of the basic materials company’s stock worth $11,310,000 after acquiring an additional 107,495 shares during the period. State Street Corp lifted its position in Trecora Resources by 8.8% during the 2nd quarter. State Street Corp now owns 349,586 shares of the basic materials company’s stock worth $3,933,000 after acquiring an additional 28,253 shares during the period. Citigroup Inc. lifted its position in Trecora Resources by 576.4% during the 2nd quarter. Citigroup Inc. now owns 9,185 shares of the basic materials company’s stock worth $104,000 after acquiring an additional 7,827 shares during the period. Finally, TIAA CREF Investment Management LLC lifted its position in Trecora Resources by 1.2% during the 2nd quarter. TIAA CREF Investment Management LLC now owns 55,392 shares of the basic materials company’s stock worth $623,000 after acquiring an additional 672 shares during the period. 41.28% of the stock is owned by institutional investors.

A number of equities research analysts recently commented on TREC shares. Zacks Investment Research raised Trecora Resources from a “hold” rating to a “buy” rating and set a $13.00 target price for the company in a report on Wednesday, July 5th. TheStreet raised Trecora Resources from a “c” rating to a “b-” rating in a report on Monday, July 17th. B. Riley reiterated a “buy” rating and set a $17.50 price target on shares of Trecora Resources in a research report on Wednesday, August 2nd. Finally, BidaskClub cut Trecora Resources from a “sell” rating to a “strong sell” rating in a research report on Saturday, August 5th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and three have issued a buy rating to the company. Trecora Resources has a consensus rating of “Hold” and a consensus target price 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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