Trecora Resources (NYSE:TREC) major shareholder Athel Fahad Mohammed Saleh Al sold 30,000 shares of the business’s stock in a transaction dated Wednesday, November 29th. The shares were sold at an average price of $12.29, for a total value of $368,700.00. Following the transaction, the insider now owns 3,255,028 shares in the company, valued at approximately $40,004,294.12. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Large shareholders that own 10% or more 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 Monday, November 27th, Athel Fahad Mohammed Saleh Al sold 740 shares of Trecora Resources stock. The shares were sold at an average price of $12.20, for a total value of $9,028.00.
  • On Friday, November 24th, Athel Fahad Mohammed Saleh Al sold 120 shares of Trecora Resources stock. The shares were sold at an average price of $12.20, for a total value of $1,464.00.
  • On Wednesday, November 22nd, Athel Fahad Mohammed Saleh Al sold 23,682 shares of Trecora Resources stock. The shares were sold at an average price of $12.26, for a total value of $290,341.32.
  • On Monday, November 20th, Athel Fahad Mohammed Saleh Al sold 12,868 shares of Trecora Resources stock. The shares were sold at an average price of $12.21, for a total value of $157,118.28.
  • On Thursday, November 16th, Athel Fahad Mohammed Saleh Al sold 1,370 shares of Trecora Resources stock. The shares were sold at an average price of $12.21, for a total value of $16,727.70.
  • On Monday, November 6th, Athel Fahad Mohammed Saleh Al sold 5,183 shares of Trecora Resources stock. The shares were sold at an average price of $12.31, for a total value of $63,802.73.
  • On Friday, November 3rd, Athel Fahad Mohammed Saleh Al sold 7,768 shares of Trecora Resources stock. The shares were sold at an average price of $12.34, for a total value of $95,857.12.
  • On Wednesday, November 1st, Athel Fahad Mohammed Saleh Al sold 10,518 shares of Trecora Resources stock. The shares were sold at an average price of $12.34, for a total value of $129,792.12.
  • On Monday, October 30th, Athel Fahad Mohammed Saleh Al sold 713 shares of Trecora Resources stock. The shares were sold at an average price of $12.47, for a total value of $8,891.11.
  • On Friday, October 27th, Athel Fahad Mohammed Saleh Al sold 30,000 shares of Trecora Resources stock. The shares were sold at an average price of $12.62, for a total value of $378,600.00.

Shares of Trecora Resources (NYSE:TREC) traded up $0.45 on Thursday, hitting $12.65. The stock had a trading volume of 54,500 shares, compared to its average volume of 46,567. The company has a debt-to-equity ratio of 0.48, a quick ratio of 1.21 and a current ratio of 1.66. Trecora Resources has a 12-month low of $10.13 and a 12-month high of $14.80. The company has a market cap of $296.54, a PE ratio of 48.80 and a beta of 1.48.

Several institutional investors and hedge funds have recently modified their holdings of TREC. Kennedy Capital Management Inc. bought a new stake in shares of Trecora Resources in the 2nd quarter worth approximately $1,256,000. Luzich Partners LLC boosted its position in shares of Trecora Resources by 12.0% in the 2nd quarter. Luzich Partners LLC now owns 1,005,299 shares of the basic materials company’s stock worth $11,310,000 after purchasing an additional 107,495 shares in the last quarter. Monarch Partners Asset Management LLC bought a new stake in shares of Trecora Resources in the 3rd quarter worth approximately $508,000. Bank of New York Mellon Corp boosted its position in shares of Trecora Resources by 23.6% in the 3rd quarter. Bank of New York Mellon Corp now owns 176,834 shares of the basic materials company’s stock worth $2,352,000 after purchasing an additional 33,774 shares in the last quarter. Finally, Ironwood Investment Management LLC bought a new stake in shares of Trecora Resources in the 2nd quarter worth approximately $375,000. 42.31% of the stock is currently owned by hedge funds and other institutional investors.

TREC has been the topic of a number of research analyst reports. Zacks Investment Research downgraded Trecora Resources from a “hold” rating to a “sell” rating in a report on Wednesday, October 4th. TheStreet downgraded Trecora Resources from a “b-” rating to a “c+” rating in a report on Friday, November 10th. BidaskClub downgraded Trecora Resources from a “sell” rating to a “strong sell” rating in a report on Saturday, August 5th. Finally, B. Riley reiterated a “buy” rating and set a $16.00 target price (down previously from $17.00) on shares of Trecora Resources in a report on Wednesday, November 8th. One research analyst has rated the stock with a sell rating, one has issued a hold rating and three have given a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus price target of $14.75.

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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.

Insider Buying and Selling by Quarter for Trecora Resources (NYSE:TREC)

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