Athel Fahad Mohammed Saleh Al Sells 23,793 Shares of Trecora Resources (TREC) Stock

Trecora Resources (NYSE:TREC) major shareholder Athel Fahad Mohammed Saleh Al sold 23,793 shares of Trecora Resources stock in a transaction dated Monday, February 12th. The shares were sold at an average price of $12.74, for a total transaction of $303,122.82. Following the sale, the insider now owns 3,139,772 shares of the company’s stock, valued at $40,000,695.28. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available 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 Friday, February 9th, 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 transaction of $384,600.00.
  • 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 transaction 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 transaction 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 transaction 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 transaction 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 transaction 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 transaction 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 transaction of $16,727.70.

Shares of Trecora Resources (NYSE TREC) remained flat at $$12.60 during mid-day trading on Tuesday. 1,378 shares of the company traded hands, compared to its average volume of 40,030. The company has a quick ratio of 1.21, a current ratio of 1.66 and a debt-to-equity ratio of 0.48. The stock has a market cap of $312.33, a price-to-earnings ratio of 96.93 and a beta of 1.48. Trecora Resources has a twelve month low of $10.13 and a twelve month high of $14.30.

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

Several hedge funds have recently made changes to their positions in the stock. Luzich Partners LLC grew its holdings in shares of Trecora Resources by 10.0% in the third quarter. Luzich Partners LLC now owns 1,105,494 shares of the basic materials company’s stock valued at $14,703,000 after purchasing an additional 100,195 shares in the last quarter. BlackRock Inc. grew its holdings in shares of Trecora Resources by 1.8% in the fourth quarter. BlackRock Inc. now owns 960,047 shares of the basic materials company’s stock valued at $12,961,000 after purchasing an additional 16,529 shares in the last quarter. State Street Corp grew its holdings in shares of Trecora Resources by 8.8% in the second quarter. State Street Corp now owns 349,586 shares of the basic materials company’s stock valued at $3,933,000 after purchasing an additional 28,253 shares in the last quarter. Bank of New York Mellon Corp grew its holdings in shares of Trecora Resources by 23.6% in the third quarter. Bank of New York Mellon Corp now owns 176,834 shares of the basic materials company’s stock valued at $2,352,000 after purchasing an additional 33,774 shares in the last quarter. Finally, Rutabaga Capital Management LLC MA acquired a new position in shares of Trecora Resources in the fourth quarter valued at approximately $1,817,000. Hedge funds and other institutional investors own 43.13% of the company’s stock.

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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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