Athel Fahad Mohammed Saleh Al Sells 10,000 Shares of Trecora Resources (TREC) Stock
Trecora Resources (NYSE:TREC) major shareholder Athel Fahad Mohammed Saleh Al sold 10,000 shares of the stock in a transaction that occurred on Tuesday, August 29th. The stock was sold at an average price of $12.20, for a total value of $122,000.00. Following the completion of the transaction, the insider now owns 4,157,044 shares in the company, valued at approximately $50,715,936.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Large shareholders that own 10% or more 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 Wednesday, August 30th, Athel Fahad Mohammed Saleh Al sold 20,000 shares of Trecora Resources stock. The shares were sold at an average price of $12.25, for a total value of $245,000.00.
Shares of Trecora Resources (TREC) opened at 12.15 on Friday. The company has a market capitalization of $295.28 million, a PE ratio of 71.47 and a beta of 1.55. Trecora Resources has a 52-week low of $9.75 and a 52-week high of $14.80. The stock has a 50 day moving average price of $12.03 and a 200 day moving average price of $11.50.
Trecora Resources (NYSE:TREC) last posted its earnings results 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. The business 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%. On average, analysts predict that Trecora Resources will post $0.32 earnings per share for the current fiscal year.
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Several equities analysts have commented on the company. Zacks Investment Research upgraded Trecora Resources from a “hold” rating to a “buy” rating and set a $13.00 price target on the stock in a report on Wednesday, July 5th. B. Riley reiterated a “buy” rating and set a $17.50 price target on shares of Trecora Resources in a report on Monday, May 8th. BidaskClub downgraded Trecora Resources from a “sell” rating to a “strong sell” rating in a report on Saturday, August 5th. Finally, TheStreet upgraded Trecora Resources from a “c” rating to a “b-” rating in a report on Monday, July 17th. One investment analyst has rated the stock with a sell rating, one has given a hold rating and three have given a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus target price of $15.00.
Several hedge funds and other institutional investors have recently bought and sold shares of TREC. Wellington Management Group LLP raised its position in Trecora Resources by 8.5% in the first quarter. Wellington Management Group LLP now owns 2,873,014 shares of the basic materials company’s stock worth $31,890,000 after buying an additional 225,893 shares during the last quarter. Teachers Advisors LLC raised its position in Trecora Resources by 6.2% in the fourth quarter. Teachers Advisors LLC now owns 31,797 shares of the basic materials company’s stock worth $440,000 after buying an additional 1,846 shares during the last quarter. Legion Partners Asset Management LLC acquired a new position in Trecora Resources during the first quarter worth $157,000. Argent Capital Management LLC raised its position in Trecora Resources by 2.4% in the first quarter. Argent Capital Management LLC now owns 194,525 shares of the basic materials company’s stock worth $2,159,000 after buying an additional 4,500 shares during the last quarter. Finally, Ironwood Investment Management LLC acquired a new position in Trecora Resources during the second quarter worth $375,000. 41.55% of the stock is currently owned by institutional investors and hedge funds.
About Trecora Resources
Trecora Resources is engaged in manufacturing of specialty petrochemical products and synthetic waxes, and providing custom processing services. The Company operates through two segments: manufacturing of various specialty petrochemical products and manufacturing of specialty synthetic waxes. The specialty petrochemical products segment operates through South Hampton Resources, Inc (SHR).
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