Trecora Resources (NYSE:TREC) major shareholder Athel Fahad Mohammed Saleh Al sold 10,518 shares of the firm’s stock in a transaction dated Wednesday, November 1st. The stock was sold at an average price of $12.34, for a total value of $129,792.12. Following the completion of the transaction, the insider now directly owns 3,394,744 shares in the company, valued at $41,891,140.96. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Major 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 Monday, October 30th, Athel Fahad Mohammed Saleh Al sold 713 shares of Trecora Resources stock. The stock was sold at an average price of $12.47, for a total value of $8,891.11.
  • On Friday, October 27th, Athel Fahad Mohammed Saleh Al sold 30,000 shares of Trecora Resources stock. The stock was sold at an average price of $12.62, for a total value of $378,600.00.
  • On Wednesday, October 25th, Athel Fahad Mohammed Saleh Al sold 10,925 shares of Trecora Resources stock. The stock was sold at an average price of $12.39, for a total value of $135,360.75.
  • On Monday, October 23rd, Athel Fahad Mohammed Saleh Al sold 30,000 shares of Trecora Resources stock. The stock was sold at an average price of $12.41, for a total value of $372,300.00.
  • 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.

Trecora Resources (NYSE:TREC) last posted its earnings results on Thursday, August 3rd. The basic materials company reported $0.03 EPS for the quarter, missing the consensus estimate of $0.07 by ($0.04). The company 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%.

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TREC has been the topic of several research reports. Zacks Investment Research raised Trecora Resources from a “hold” rating to a “buy” rating and set a $13.00 target price 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. 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. Finally, BidaskClub cut Trecora Resources from a “sell” rating to a “strong sell” rating in a research report on Saturday, August 5th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and three have given a buy rating to the company’s stock. Trecora Resources presently has a consensus rating of “Hold” and a consensus price target of $15.00.

A number of institutional investors have recently bought and sold shares of the stock. Luzich Partners LLC grew its holdings in Trecora Resources by 12.0% during the second 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. Dimensional Fund Advisors LP grew its holdings in Trecora Resources by 2.5% during the first quarter. Dimensional Fund Advisors LP now owns 671,410 shares of the basic materials company’s stock worth $7,453,000 after acquiring an additional 16,452 shares during the period. Vanguard Group Inc. grew its holdings in Trecora Resources by 2.5% during the first quarter. Vanguard Group Inc. now owns 558,376 shares of the basic materials company’s stock worth $6,198,000 after acquiring an additional 13,585 shares during the period. Royce & Associates LP grew its holdings in Trecora Resources by 0.8% during the second quarter. Royce & Associates LP now owns 503,700 shares of the basic materials company’s stock worth $5,667,000 after acquiring an additional 3,900 shares during the period. Finally, State Street Corp grew its holdings in Trecora Resources by 8.8% during the second 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. 41.22% of the stock is currently owned by hedge funds and other institutional investors.

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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