Trecora Resources (NYSE:TREC) major shareholder Athel Fahad Mohammed Saleh Al sold 20,000 shares of the stock in a transaction dated Wednesday, September 13th. The shares were sold at an average price of $12.64, for a total value of $252,800.00. Following the completion of the sale, the insider now owns 3,957,044 shares of the company’s stock, valued at $50,017,036.16. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 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 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 value of $254,200.00.
  • On Tuesday, September 12th, Athel Fahad Mohammed Saleh Al sold 20,000 shares of Trecora Resources stock. The shares were sold at an average price of $12.72, for a total value of $254,400.00.
  • On Monday, September 11th, Athel Fahad Mohammed Saleh Al sold 20,000 shares of Trecora Resources stock. The shares were sold at an average price of $12.25, for a total value of $245,000.00.
  • On Friday, September 8th, Athel Fahad Mohammed Saleh Al sold 20,000 shares of Trecora Resources stock. The shares were sold at an average price of $12.53, for a total value of $250,600.00.
  • On Thursday, September 7th, Athel Fahad Mohammed Saleh Al sold 20,000 shares of Trecora Resources stock. The shares were sold at an average price of $12.15, for a total value of $243,000.00.
  • On Wednesday, September 6th, Athel Fahad Mohammed Saleh Al sold 20,000 shares of Trecora Resources stock. The shares were sold at an average price of $12.05, for a total value of $241,000.00.
  • On Friday, September 1st, Athel Fahad Mohammed Saleh Al sold 20,000 shares of Trecora Resources stock. The shares were sold at an average price of $12.15, for a total value of $243,000.00.
  • On Tuesday, September 5th, Athel Fahad Mohammed Saleh Al sold 20,000 shares of Trecora Resources stock. The shares were sold at an average price of $12.05, for a total value of $241,000.00.
  • On Thursday, August 31st, Athel Fahad Mohammed Saleh Al sold 20,000 shares of Trecora Resources stock. The shares were sold at an average price of $12.23, for a total value of $244,600.00.
  • On Wednesday, August 30th, Athel Fahad Mohammed Saleh Al sold 20,000 shares of Trecora Resources stock. The shares were sold at an average price of $12.25, for a total value of $245,000.00.

Trecora Resources (TREC) opened at 12.85 on Friday. The stock has a 50 day moving average price of $12.22 and a 200 day moving average price of $11.51. The stock has a market capitalization of $312.29 million, a PE ratio of 75.59 and a beta of 1.56. Trecora Resources has a 52 week low of $9.75 and a 52 week high of $14.80.

Trecora Resources (NYSE:TREC) last released its quarterly earnings data on Thursday, August 3rd. The basic materials company reported $0.03 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.07 by ($0.04). The business had revenue of $62.12 million for the quarter, compared to analyst estimates of $56.68 million. Trecora Resources had a return on equity of 3.94% and a net margin of 0.97%. Equities analysts forecast that Trecora Resources will post $0.32 EPS for the current year.

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Institutional investors have recently bought and sold shares of the company. Citigroup Inc. lifted its holdings in shares of Trecora Resources by 576.4% in the 2nd quarter. Citigroup Inc. now owns 9,185 shares of the basic materials company’s stock valued at $104,000 after purchasing an additional 7,827 shares during the last quarter. TFS Capital LLC purchased a new stake in shares of Trecora Resources in the 1st quarter valued at about $113,000. American International Group Inc. lifted its holdings in shares of Trecora Resources by 7.1% in the 1st 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 during the last quarter. Alliancebernstein L.P. purchased a new stake in shares of Trecora Resources in the 2nd quarter valued at about $147,000. Finally, Legion Partners Asset Management LLC purchased a new stake in shares of Trecora Resources in the 1st quarter valued at about $157,000. 41.55% of the stock is owned by institutional investors and hedge funds.

TREC has been the subject of a number of research analyst reports. Zacks Investment Research cut Trecora Resources from a “buy” rating to a “hold” rating in a research note on Thursday, July 6th. TheStreet upgraded Trecora Resources from a “c” rating to a “b-” rating in a research note on Monday, July 17th. BidaskClub cut Trecora Resources from a “sell” rating to a “strong sell” rating in a research note on Saturday, August 5th. Finally, B. Riley reiterated a “buy” rating and issued a $17.00 price target on shares of Trecora Resources in a research note on Monday, August 7th. One investment 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. 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)

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