Trecora Resources (NYSE:TREC) major shareholder Athel Fahad Mohammed Saleh Al sold 7,000 shares of the stock in a transaction dated Wednesday, October 4th. The stock was sold at an average price of $13.33, for a total value of $93,310.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Major shareholders that own more than 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 Thursday, October 5th, Athel Fahad Mohammed Saleh Al sold 11,500 shares of Trecora Resources stock. The stock was sold at an average price of $13.18, for a total value of $151,570.00.
  • On Tuesday, October 3rd, Athel Fahad Mohammed Saleh Al sold 20,100 shares of Trecora Resources stock. The stock was sold at an average price of $13.29, for a total value of $267,129.00.
  • On Monday, October 2nd, Athel Fahad Mohammed Saleh Al sold 16,516 shares of Trecora Resources stock. The stock was sold at an average price of $13.20, for a total value of $218,011.20.
  • On Friday, September 29th, Athel Fahad Mohammed Saleh Al sold 20,000 shares of Trecora Resources stock. The stock was sold at an average price of $13.18, for a total value of $263,600.00.
  • On Thursday, September 28th, Athel Fahad Mohammed Saleh Al sold 20,000 shares of Trecora Resources stock. The stock was sold at an average price of $12.95, for a total value of $259,000.00.
  • On Wednesday, September 27th, Athel Fahad Mohammed Saleh Al sold 20,000 shares of Trecora Resources stock. The stock was sold at an average price of $12.65, for a total value of $253,000.00.
  • On Tuesday, September 26th, Athel Fahad Mohammed Saleh Al sold 20,000 shares of Trecora Resources stock. The stock was sold at an average price of $12.67, for a total value of $253,400.00.
  • On Monday, September 25th, Athel Fahad Mohammed Saleh Al sold 20,000 shares of Trecora Resources stock. The stock was sold at an average price of $12.75, for a total value of $255,000.00.
  • On Friday, September 22nd, Athel Fahad Mohammed Saleh Al sold 20,000 shares of Trecora Resources stock. The stock was sold at an average price of $12.82, for a total value of $256,400.00.
  • On Thursday, September 21st, Athel Fahad Mohammed Saleh Al sold 20,000 shares of Trecora Resources stock. The stock was sold at an average price of $12.60, for a total value of $252,000.00.

Shares of Trecora Resources (TREC) opened at 13.00 on Friday. The stock has a market capitalization of $315.94 million, a P/E ratio of 76.47 and a beta of 1.58. The stock’s 50 day moving average price is $12.69 and its 200-day moving average price is $11.67. Trecora Resources has a 1-year low of $9.75 and a 1-year high of $14.80.

Trecora Resources (NYSE:TREC) last issued its quarterly earnings results on Thursday, August 3rd. The basic materials company reported $0.03 EPS for the quarter, missing analysts’ consensus estimates 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 anticipate that Trecora Resources will post $0.31 EPS for the current fiscal year.

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A number of equities research analysts have recently weighed in on the company. Zacks Investment Research downgraded Trecora Resources from a “hold” rating to a “sell” rating in a research note on Wednesday. B. Riley reaffirmed a “buy” rating and set a $17.00 price target on shares of Trecora Resources in a research note on Monday, August 7th. BidaskClub downgraded Trecora Resources from a “sell” rating to a “strong sell” rating in a research note on Saturday, August 5th. Finally, TheStreet raised Trecora Resources from a “c” rating to a “b-” rating in a research note on Monday, July 17th. Two investment analysts have rated the stock with a sell rating and three have assigned a buy rating to the company. Trecora Resources presently has an average rating of “Hold” and a consensus target price of $15.00.

Several institutional investors have recently modified their holdings of the company. The Manufacturers Life Insurance Company lifted its holdings 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 purchasing an additional 54 shares in the last quarter. TIAA CREF Investment Management LLC lifted its holdings in shares of Trecora Resources by 1.2% in the second quarter. TIAA CREF Investment Management LLC now owns 55,392 shares of the basic materials company’s stock valued at $623,000 after purchasing an additional 672 shares in the last quarter. American International Group Inc. lifted its holdings in shares of Trecora Resources by 7.1% in the first quarter. American International Group Inc. now owns 12,221 shares of the basic materials company’s stock valued at $136,000 after purchasing an additional 813 shares in the last quarter. Bard Associates Inc. lifted its holdings in shares of Trecora Resources by 1.3% in the first quarter. Bard Associates Inc. now owns 112,100 shares of the basic materials company’s stock valued at $1,244,000 after purchasing an additional 1,475 shares in the last quarter. Finally, Rhumbline Advisers lifted its holdings 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 purchasing an additional 1,735 shares in the last quarter. Institutional investors own 41.55% of the company’s stock.

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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