Trecora Resources (NYSE:TREC) major shareholder Athel Fahad Mohammed Saleh Al sold 20,000 shares of Trecora Resources stock in a transaction on Thursday, September 21st. The shares were sold at an average price of $12.60, for a total value of $252,000.00. Following the completion of the transaction, the insider now owns 3,837,044 shares in the company, valued at approximately $48,346,754.40. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Major shareholders that own at least 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, September 20th, Athel Fahad Mohammed Saleh Al sold 20,000 shares of Trecora Resources stock. The shares were sold at an average price of $12.71, for a total value of $254,200.00.
  • On Tuesday, September 19th, Athel Fahad Mohammed Saleh Al sold 20,000 shares of Trecora Resources stock. The shares were sold at an average price of $12.82, for a total value of $256,400.00.
  • On Monday, September 18th, Athel Fahad Mohammed Saleh Al sold 20,000 shares of Trecora Resources stock. The shares were sold at an average price of $12.70, for a total value of $254,000.00.
  • On Friday, September 15th, Athel Fahad Mohammed Saleh Al sold 20,000 shares of Trecora Resources stock. The shares were sold at an average price of $12.67, for a total value of $253,400.00.
  • On Thursday, September 14th, Athel Fahad Mohammed Saleh Al sold 20,000 shares of Trecora Resources stock. The shares were sold at an average price of $12.71, for a total value of $254,200.00.
  • On Wednesday, September 13th, Athel Fahad Mohammed Saleh Al sold 20,000 shares of Trecora Resources stock. The shares were sold at an average price of $12.64, for a total value of $252,800.00.
  • On Tuesday, September 12th, Athel Fahad Mohammed Saleh Al sold 20,000 shares of Trecora Resources stock. The shares were sold at an average price of $12.72, for a total value of $254,400.00.
  • On Monday, September 11th, 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.
  • On Friday, September 8th, Athel Fahad Mohammed Saleh Al sold 20,000 shares of Trecora Resources stock. The shares were sold at an average price of $12.53, for a total value of $250,600.00.
  • On Thursday, September 7th, Athel Fahad Mohammed Saleh Al sold 20,000 shares of Trecora Resources stock. The shares were sold at an average price of $12.15, for a total value of $243,000.00.

Shares of Trecora Resources (NYSE TREC) opened at 12.75 on Friday. The company’s 50 day moving average price is $12.29 and its 200 day moving average price is $11.51. The firm has a market cap of $309.86 million, a P/E ratio of 75.00 and a beta of 1.56. Trecora Resources has a 12-month low of $9.75 and a 12-month high of $14.80.

Trecora Resources (NYSE:TREC) last released its earnings results on Thursday, August 3rd. The basic materials company reported $0.03 EPS for the quarter, missing the Zacks’ consensus estimate of $0.07 by ($0.04). The firm had revenue of $62.12 million during the quarter, compared to the consensus estimate of $56.68 million. Trecora Resources had a net margin of 0.97% and a return on equity of 3.94%. Equities research analysts forecast that Trecora Resources will post $0.31 EPS for the current year.

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Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Citigroup Inc. grew its stake in shares of Trecora Resources by 576.4% during the second quarter. Citigroup Inc. now owns 9,185 shares of the basic materials company’s stock valued at $104,000 after buying an additional 7,827 shares during the last quarter. TFS Capital LLC bought a new position in shares of Trecora Resources during the first quarter valued at about $113,000. American International Group Inc. grew its stake in shares of Trecora Resources by 7.1% during the first quarter. American International Group Inc. now owns 12,221 shares of the basic materials company’s stock valued at $136,000 after buying an additional 813 shares during the last quarter. Alliancebernstein L.P. bought a new position in shares of Trecora Resources during the second quarter valued at about $147,000. Finally, Legion Partners Asset Management LLC bought a new position in shares of Trecora Resources during the first quarter valued at about $157,000. 41.55% of the stock is currently owned by institutional investors and hedge funds.

Several research firms recently weighed in on TREC. B. Riley reissued a “buy” rating and set a $17.00 price objective on shares of Trecora Resources in a report on Monday, August 7th. BidaskClub downgraded Trecora Resources from a “sell” rating to a “strong sell” rating in a report on Saturday, August 5th. TheStreet raised Trecora Resources from a “c” rating to a “b-” rating in a report on Monday, July 17th. Finally, Zacks Investment Research raised Trecora Resources from a “hold” rating to a “buy” rating and set a $13.00 price objective on the stock in a report on Wednesday, July 5th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and three have issued a buy rating to the company. Trecora Resources presently has an average rating of “Hold” and an average price target of $15.00.

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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