Trecora Resources (NYSE:TREC) major shareholder Athel Fahad Mohammed Saleh Al sold 20,000 shares of the stock in a transaction dated Thursday, September 28th. The stock was sold at an average price of $12.95, for a total value of $259,000.00. Following the sale, the insider now directly owns 3,737,044 shares in the company, valued at approximately $48,394,719.80. The sale was disclosed in a filing with the SEC, which is accessible through this link. Large 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 Wednesday, September 27th, Athel Fahad Mohammed Saleh Al sold 20,000 shares of Trecora Resources stock. The shares were 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 shares were 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 shares were 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 shares were 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 shares were sold at an average price of $12.60, for a total value of $252,000.00.
  • On Wednesday, September 20th, Athel Fahad Mohammed Saleh Al sold 20,000 shares of Trecora Resources stock. The stock was sold at an average price of $12.71, for a total transaction of $254,200.00.
  • On Tuesday, September 19th, 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 transaction 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 transaction 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 transaction 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 transaction of $254,200.00.

Shares of Trecora Resources (NYSE TREC) opened at 13.30 on Monday. Trecora Resources has a 12-month low of $9.75 and a 12-month high of $14.80. The stock has a market cap of $323.23 million, a PE ratio of 78.24 and a beta of 1.57. The firm has a 50 day moving average price of $12.29 and a 200 day moving average price of $11.51.

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

TRADEMARK VIOLATION NOTICE: “Insider Selling: Trecora Resources (TREC) Major Shareholder Sells $259,000.00 in Stock” was originally published by Watch List News and is the property of of Watch List News. If you are viewing this story on another publication, it was copied illegally and republished in violation of US & international trademark and copyright legislation. The original version of this story can be viewed at https://www.watchlistnews.com/insider-selling-trecora-resources-trec-major-shareholder-sells-259000-00-in-stock/1602568.html.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in TREC. Teachers Advisors LLC raised its position in shares of Trecora Resources by 6.2% during the fourth quarter. Teachers Advisors LLC now owns 31,797 shares of the basic materials company’s stock valued at $440,000 after buying an additional 1,846 shares during the last quarter. Bank of New York Mellon Corp lifted its holdings in shares of Trecora Resources by 1.6% in the first quarter. Bank of New York Mellon Corp now owns 121,653 shares of the basic materials company’s stock worth $1,350,000 after buying an additional 1,899 shares in the last quarter. Oxford Asset Management lifted its holdings in shares of Trecora Resources by 120.2% in the first quarter. Oxford Asset Management now owns 25,459 shares of the basic materials company’s stock worth $283,000 after buying an additional 13,897 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 worth $136,000 after buying an additional 813 shares in the last quarter. Finally, Wellington Management Group LLP lifted its holdings in shares of 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 in the last quarter. 41.55% of the stock is owned by hedge funds and other institutional investors.

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

Receive News & Ratings for Trecora Resources Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Trecora Resources and related companies with Analyst Ratings Network's FREE daily email newsletter.