Trecora Resources (TREC) Major Shareholder Sells $384,600.00 in Stock

Trecora Resources (NYSE:TREC) major shareholder Athel Fahad Mohammed Saleh Al sold 30,000 shares of Trecora Resources stock in a transaction dated Friday, February 9th. The shares were sold at an average price of $12.82, for a total value of $384,600.00. Following the completion of the sale, the insider now owns 3,163,565 shares of the company’s stock, valued at approximately $40,556,903.30. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Large shareholders that own 10% or more of a company’s stock are required to disclose their transactions with the SEC.

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

  • On Friday, February 2nd, Athel Fahad Mohammed Saleh Al sold 31,463 shares of Trecora Resources stock. The shares were sold at an average price of $13.23, for a total value of $416,255.49.
  • 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.

Shares of Trecora Resources (NYSE TREC) traded down $0.15 during trading hours on Monday, hitting $12.70. The stock had a trading volume of 12,942 shares, compared to its average volume of 39,799. The company has a quick ratio of 1.21, a current ratio of 1.66 and a debt-to-equity ratio of 0.48. Trecora Resources has a 1-year low of $10.13 and a 1-year high of $14.30. The stock has a market cap of $312.33, a PE ratio of 98.85 and a beta of 1.48.

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

Several large investors have recently modified their holdings of the company. BlackRock Inc. grew its holdings in shares of Trecora Resources by 1.8% during the 4th quarter. BlackRock Inc. now owns 960,047 shares of the basic materials company’s stock worth $12,961,000 after purchasing an additional 16,529 shares during the period. Wells Fargo & Company MN boosted its holdings in Trecora Resources by 12.6% in the 4th quarter. Wells Fargo & Company MN now owns 44,270 shares of the basic materials company’s stock worth $598,000 after acquiring an additional 4,951 shares during the period. Rutabaga Capital Management LLC MA purchased a new position in Trecora Resources in the 4th quarter worth approximately $1,817,000. Balter Liquid Alternatives LLC boosted its holdings in Trecora Resources by 34.8% in the 4th quarter. Balter Liquid Alternatives LLC now owns 51,470 shares of the basic materials company’s stock worth $695,000 after acquiring an additional 13,280 shares during the period. Finally, Cadence Capital Management LLC purchased a new position in Trecora Resources in the 4th quarter worth approximately $913,000. Institutional investors and hedge funds own 43.13% of the company’s stock.

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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)

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