Teachers Advisors LLC Purchases 68 Shares of Trecora Resources (TREC)
Teachers Advisors LLC raised its position in Trecora Resources (NYSE:TREC) by 0.2% during the 2nd quarter, according to its most recent filing with the SEC. The firm owned 33,906 shares of the basic materials company’s stock after buying an additional 68 shares during the quarter. Teachers Advisors LLC owned about 0.14% of Trecora Resources worth $381,000 as of its most recent filing with the SEC.
A number of other institutional investors and hedge funds have also recently made changes to their positions in the business. Vanguard Group Inc. grew its stake in shares of Trecora Resources by 2.5% during the 1st quarter. Vanguard Group Inc. now owns 558,376 shares of the basic materials company’s stock worth $6,198,000 after purchasing an additional 13,585 shares during the period. Bank of New York Mellon Corp grew its stake in shares of Trecora Resources by 17.6% during the 2nd quarter. Bank of New York Mellon Corp now owns 143,060 shares of the basic materials company’s stock worth $1,610,000 after purchasing an additional 21,407 shares during the period. Ironwood Investment Management LLC acquired a new position in shares of Trecora Resources during the 2nd quarter worth $375,000. Dimensional Fund Advisors LP grew its stake in shares of Trecora Resources by 2.5% during the 1st quarter. Dimensional Fund Advisors LP now owns 671,410 shares of the basic materials company’s stock worth $7,453,000 after purchasing an additional 16,452 shares during the period. Finally, Balter Liquid Alternatives LLC grew its stake in shares of Trecora Resources by 10.5% during the 2nd quarter. Balter Liquid Alternatives LLC now owns 104,361 shares of the basic materials company’s stock worth $1,174,000 after purchasing an additional 9,907 shares during the period. 41.61% of the stock is currently owned by institutional investors.
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In related news, major shareholder Athel Fahad Mohammed Saleh Al sold 5,183 shares of the stock in a transaction dated Monday, November 6th. The shares were sold at an average price of $12.31, for a total value of $63,802.73. Following the sale, the insider now directly owns 3,370,718 shares of the company’s stock, valued at approximately $41,493,538.58. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Over the last three months, insiders sold 715,932 shares of company stock worth $9,034,411. 6.60% of the stock is owned by corporate insiders.
Shares of Trecora Resources (NYSE TREC) opened at $12.05 on Wednesday. The company has a market cap of $290.46, a PE ratio of 46.20 and a beta of 1.48. Trecora Resources has a 12 month low of $10.13 and a 12 month high of $14.80. The company has a quick ratio of 1.21, a current ratio of 1.66 and a debt-to-equity ratio of 0.48.
TREC has been the topic of a number of recent analyst reports. B. Riley reaffirmed a “buy” rating and set a $17.50 price target on shares of Trecora Resources in a research note on Wednesday, August 2nd. Zacks Investment Research raised shares of Trecora Resources from a “sell” rating to a “hold” rating in a research note on Thursday, October 12th. BidaskClub cut shares of Trecora Resources from a “sell” rating to a “strong sell” rating in a research note on Saturday, August 5th. Finally, TheStreet cut shares of Trecora Resources from a “b-” rating to a “c+” rating in a research note on Friday, November 10th. One research analyst has rated the stock with a sell rating, one has issued a hold rating and three have issued a buy rating to the stock. Trecora Resources presently has an average rating of “Hold” and a consensus target price of $14.75.
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.
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