Trecora Resources (NYSE:TREC) major shareholder Athel Fahad Mohammed Saleh Al sold 20,000 shares of the business’s stock in a transaction dated Tuesday, September 19th. The shares were sold at an average price of $12.82, for a total transaction of $256,400.00. Following the completion of the transaction, the insider now owns 3,877,044 shares in the company, valued at $49,703,704.08. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Major shareholders that own at least 10% 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 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 transaction of $252,000.00.
  • On Wednesday, September 20th, 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.
  • 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.
  • On Wednesday, September 13th, Athel Fahad Mohammed Saleh Al sold 20,000 shares of Trecora Resources stock. The shares were sold at an average price of $12.64, for a total transaction of $252,800.00.
  • 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 transaction 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 transaction 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 transaction 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 transaction of $243,000.00.

Trecora Resources (TREC) opened at 12.75 on Friday. The company has a market capitalization of $309.86 million, a P/E ratio of 75.00 and a beta of 1.56. The firm has a 50 day moving average of $12.29 and a 200-day moving average of $11.51. Trecora Resources has a 52 week low of $9.75 and a 52 week high of $14.80.

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

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Institutional investors and hedge funds have recently bought and sold shares of the company. Citigroup Inc. boosted its stake 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 in the last quarter. TFS Capital LLC acquired a new stake in shares of Trecora Resources in the 1st quarter valued at approximately $113,000. American International Group Inc. boosted its stake 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 in the last quarter. Alliancebernstein L.P. acquired a new stake in shares of Trecora Resources in the 2nd quarter valued at approximately $147,000. Finally, Legion Partners Asset Management LLC acquired a new stake in shares of Trecora Resources in the 1st quarter valued at approximately $157,000. Institutional investors own 41.55% of the company’s stock.

A number of equities analysts have weighed in on the stock. B. Riley reaffirmed a “buy” rating and issued a $17.00 target price on shares of Trecora Resources in a research note on Monday, August 7th. BidaskClub downgraded shares of Trecora Resources from a “sell” rating to a “strong sell” rating in a research note on Saturday, August 5th. TheStreet raised shares of Trecora Resources from a “c” rating to a “b-” rating in a research note on Monday, July 17th. Finally, Zacks Investment Research raised shares of Trecora Resources from a “hold” rating to a “buy” rating and set a $13.00 target price for the company in a research note on Wednesday, July 5th. One equities 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. The company currently has an average 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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