Insider Selling: Trecora Resources (TREC) Major Shareholder Sells 31,463 Shares of Stock

Trecora Resources (NYSE:TREC) major shareholder Athel Fahad Mohammed Saleh Al sold 31,463 shares of the company’s stock in a transaction that occurred on Friday, February 2nd. The shares were sold at an average price of $13.23, for a total value of $416,255.49. Following the completion of the transaction, the insider now directly owns 3,204,906 shares of the company’s stock, valued at $42,400,906.38. The sale was disclosed in a filing 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 sales and purchases with the SEC.

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

  • On Wednesday, November 29th, Athel Fahad Mohammed Saleh Al sold 30,000 shares of Trecora Resources stock. The shares were sold at an average price of $12.29, for a total value of $368,700.00.
  • On Monday, November 27th, Athel Fahad Mohammed Saleh Al sold 740 shares of Trecora Resources stock. The shares were sold at an average price of $12.20, for a total value of $9,028.00.
  • On Friday, November 24th, Athel Fahad Mohammed Saleh Al sold 120 shares of Trecora Resources stock. The shares were sold at an average price of $12.20, for a total value of $1,464.00.
  • On Wednesday, November 22nd, Athel Fahad Mohammed Saleh Al sold 23,682 shares of Trecora Resources stock. The shares were sold at an average price of $12.26, for a total value of $290,341.32.
  • On Monday, November 20th, Athel Fahad Mohammed Saleh Al sold 12,868 shares of Trecora Resources stock. The shares were sold at an average price of $12.21, for a total value of $157,118.28.
  • On Thursday, November 16th, Athel Fahad Mohammed Saleh Al sold 1,370 shares of Trecora Resources stock. The shares were sold at an average price of $12.21, for a total value of $16,727.70.

Trecora Resources (NYSE TREC) traded up $0.05 during trading on Monday, hitting $13.05. The stock had a trading volume of 8,653 shares, compared to its average volume of 37,319. Trecora Resources has a twelve month low of $10.13 and a twelve month high of $14.30. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.66 and a quick ratio of 1.21. The stock has a market capitalization of $315.98, a PE ratio of 100.01 and a beta of 1.48.

Trecora Resources (NYSE:TREC) last released its quarterly earnings results on Tuesday, November 7th. The basic materials company reported $0.07 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.14 by ($0.07). Trecora Resources had a return on equity of 3.74% and a net margin of 1.37%. sell-side analysts expect that Trecora Resources will post 0.25 EPS for the current fiscal year.

Large investors have recently added to or reduced their stakes in the business. Citigroup Inc. raised its position in Trecora Resources by 576.4% in the second 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 in the last quarter. Alliancebernstein L.P. purchased a new position in shares of Trecora Resources in the second quarter valued at $147,000. The Manufacturers Life Insurance Company increased its position in shares of Trecora Resources by 0.3% in the second quarter. The Manufacturers Life Insurance Company now owns 16,248 shares of the basic materials company’s stock valued at $183,000 after buying an additional 54 shares in the last quarter. First Quadrant L P CA purchased a new position in shares of Trecora Resources in the third quarter valued at $207,000. Finally, Rhumbline Advisers increased its position in shares of Trecora Resources by 7.7% in the second quarter. Rhumbline Advisers now owns 24,132 shares of the basic materials company’s stock valued at $271,000 after buying an additional 1,735 shares in the last quarter. Hedge funds and other institutional investors own 42.84% of the company’s stock.

Several equities research analysts have recently commented on TREC shares. Zacks Investment Research cut Trecora Resources from a “hold” rating to a “sell” rating in a research note on Saturday, January 20th. B. Riley restated a “buy” rating and set a $16.00 price target (down previously from $17.00) on shares of Trecora Resources in a research note on Wednesday, November 8th. Finally, TheStreet cut Trecora Resources from a “b-” rating to a “c+” rating in a research note on Friday, November 10th. Two equities research analysts have rated the stock with a sell rating and three have given a buy rating to the company. Trecora Resources has an average rating of “Hold” and a consensus target price of $14.75.

TRADEMARK VIOLATION WARNING: This piece was originally posted by American Banking News and is owned by of American Banking News. If you are viewing this piece on another domain, it was stolen and republished in violation of United States & international trademark & copyright law. The correct version of this piece can be accessed at https://www.americanbankingnews.com/2018/02/05/insider-selling-trecora-resources-trec-major-shareholder-sells-31463-shares-of-stock.html.

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)

Receive News & Ratings for Trecora Resources Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Trecora Resources and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply