American International Group Inc. raised its stake in shares of Trecora Resources (NYSE:TREC) by 7.1% during the first quarter, Holdings Channel reports. The firm owned 12,221 shares of the basic materials company’s stock after buying an additional 813 shares during the period. American International Group Inc.’s holdings in Trecora Resources were worth $136,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in the stock. State Street Corp increased its position in Trecora Resources by 6.9% in the fourth quarter. State Street Corp now owns 320,367 shares of the basic materials company’s stock worth $4,439,000 after buying an additional 20,572 shares during the last quarter. Dimensional Fund Advisors LP increased its position in Trecora Resources by 1.7% in the fourth quarter. Dimensional Fund Advisors LP now owns 654,958 shares of the basic materials company’s stock worth $9,071,000 after buying an additional 11,127 shares during the last quarter. Renaissance Technologies LLC increased its position in Trecora Resources by 0.6% in the fourth quarter. Renaissance Technologies LLC now owns 221,400 shares of the basic materials company’s stock worth $3,066,000 after buying an additional 1,400 shares during the last quarter. Teachers Advisors LLC increased its position in Trecora Resources by 6.2% in the fourth quarter. Teachers Advisors LLC now owns 31,797 shares of the basic materials company’s stock worth $440,000 after buying an additional 1,846 shares during the last quarter. Finally, Bank of New York Mellon Corp increased its position in 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 during the last quarter. 35.79% of the stock is currently owned by institutional investors.

Shares of Trecora Resources (NYSE:TREC) opened at 12.10 on Monday. The firm has a 50-day moving average price of $11.49 and a 200-day moving average price of $11.56. Trecora Resources has a 1-year low of $9.75 and a 1-year high of $14.80. The stock has a market capitalization of $293.45 million, a PE ratio of 22.04 and a beta of 1.56.

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 Thomson Reuters’ consensus estimate of $0.07 by $0.04. Trecora Resources had a return on equity of 3.95% and a net margin of 0.97%. The company had revenue of $62.12 million for the quarter, compared to analyst estimates of $56.68 million. On average, equities research analysts forecast that Trecora Resources will post $0.42 earnings per share for the current year.

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A number of research firms have recently issued reports on TREC. B. Riley reissued a “buy” rating and set a $17.50 price target on shares of Trecora Resources in a research report on Wednesday, May 3rd. Zacks Investment Research raised Trecora Resources from a “hold” rating to a “buy” rating and set a $13.00 price target on the stock in a research report on Wednesday, July 5th. BidaskClub downgraded Trecora Resources from a “sell” rating to a “strong sell” rating in a research report on Saturday. TheStreet upgraded Trecora Resources from a “c” rating to a “b-” rating in a research note on Monday, July 17th. Finally, Singular Research decreased their price objective on Trecora Resources from $18.00 to $16.00 and set a “buy” rating for the company in a research note on Thursday, April 27th. One analyst has rated the stock with a sell rating, one has given a hold rating and three have given a buy rating to the company. Trecora Resources presently has an average rating of “Hold” and an average price target of $15.13.

In related news, Director John Richard Townsend sold 14,145 shares of the business’s stock in a transaction on Tuesday, May 9th. The stock was sold at an average price of $11.33, for a total transaction of $160,262.85. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP Mark D. Williamson sold 10,000 shares of Trecora Resources stock in a transaction dated Monday, June 5th. The stock was sold at an average price of $10.90, for a total value of $109,000.00. Following the sale, the vice president now directly owns 24,277 shares of the company’s stock, valued at $264,619.30. The disclosure for this sale can be found here. Insiders own 6.60% of the company’s stock.

About Trecora Resources

Trecora Resources is engaged in manufacturing of specialty petrochemical products and synthetic waxes, and providing custom processing services. The Company operates through two segments: manufacturing of various specialty petrochemical products and manufacturing of specialty synthetic waxes. The specialty petrochemical products segment operates through South Hampton Resources, Inc (SHR).

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Institutional Ownership by Quarter for Trecora Resources (NYSE:TREC)

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