Trecora Resources (NYSE:TREC) major shareholder Athel Fahad Mohammed Saleh Al sold 12,868 shares of the firm’s stock in a transaction on Monday, November 20th. The shares were sold at an average price of $12.21, for a total transaction of $157,118.28. Following the sale, the insider now owns 3,344,425 shares in the company, valued at approximately $40,835,429.25. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Major shareholders that own more than 10% of a company’s stock are required to disclose their transactions with the SEC.

Athel Fahad Mohammed Saleh Al also recently made the following trade(s):

  • On Thursday, November 16th, Athel Fahad Mohammed Saleh Al sold 1,370 shares of Trecora Resources stock. The stock was sold at an average price of $12.21, for a total transaction of $16,727.70.
  • On Monday, November 6th, Athel Fahad Mohammed Saleh Al sold 5,183 shares of Trecora Resources stock. The stock was sold at an average price of $12.31, for a total transaction of $63,802.73.
  • On Friday, November 3rd, Athel Fahad Mohammed Saleh Al sold 7,768 shares of Trecora Resources stock. The stock was sold at an average price of $12.34, for a total transaction of $95,857.12.
  • On Wednesday, November 1st, Athel Fahad Mohammed Saleh Al sold 10,518 shares of Trecora Resources stock. The stock was sold at an average price of $12.34, for a total transaction of $129,792.12.
  • On Monday, October 30th, Athel Fahad Mohammed Saleh Al sold 713 shares of Trecora Resources stock. The stock was sold at an average price of $12.47, for a total transaction of $8,891.11.
  • On Friday, October 27th, Athel Fahad Mohammed Saleh Al sold 30,000 shares of Trecora Resources stock. The stock was sold at an average price of $12.62, for a total transaction of $378,600.00.
  • On Wednesday, October 25th, Athel Fahad Mohammed Saleh Al sold 10,925 shares of Trecora Resources stock. The stock was sold at an average price of $12.39, for a total transaction of $135,360.75.
  • On Monday, October 23rd, Athel Fahad Mohammed Saleh Al sold 30,000 shares of Trecora Resources stock. The stock was sold at an average price of $12.41, for a total transaction of $372,300.00.
  • On Thursday, October 19th, Athel Fahad Mohammed Saleh Al sold 1,545 shares of Trecora Resources stock. The stock was sold at an average price of $12.30, for a total transaction of $19,003.50.
  • On Tuesday, October 17th, Athel Fahad Mohammed Saleh Al sold 12,713 shares of Trecora Resources stock. The stock was sold at an average price of $12.32, for a total transaction of $156,624.16.

Trecora Resources (NYSE:TREC) traded up $0.05 during mid-day trading on Wednesday, hitting $12.25. 65,800 shares of the company’s stock were exchanged, compared to its average volume of 46,818. Trecora Resources has a 12-month low of $10.13 and a 12-month high of $14.80. The stock has a market capitalization of $296.54, a PE ratio of 48.80 and a beta of 1.48. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.66 and a quick ratio of 1.21.

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Several hedge funds have recently added to or reduced their stakes in TREC. Citigroup Inc. increased its position in shares of Trecora Resources by 576.4% in the second quarter. Citigroup Inc. now owns 9,185 shares of the basic materials company’s stock valued at $104,000 after acquiring an additional 7,827 shares during the period. American International Group Inc. increased its position in shares of Trecora Resources by 7.1% in the first quarter. American International Group Inc. now owns 12,221 shares of the basic materials company’s stock valued at $136,000 after acquiring an additional 813 shares during the period. Alliancebernstein L.P. purchased a new position in shares of Trecora Resources in the second quarter valued at about $147,000. The Manufacturers Life Insurance Company increased its position in shares of Trecora Resources by 0.3% in the second quarter. The Manufacturers Life Insurance Company now owns 16,248 shares of the basic materials company’s stock valued at $183,000 after acquiring an additional 54 shares during the period. Finally, First Quadrant L P CA purchased a new position in shares of Trecora Resources in the third quarter valued at about $207,000. Hedge funds and other institutional investors own 41.38% of the company’s stock.

A number of brokerages recently commented on TREC. Zacks Investment Research cut shares of Trecora Resources from a “hold” rating to a “sell” rating in a research report on Wednesday, October 4th. B. Riley reiterated a “buy” rating and issued a $17.00 target price on shares of Trecora Resources in a research report on Monday, August 7th. BidaskClub cut shares of Trecora Resources from a “sell” rating to a “strong sell” rating in a research report on Saturday, August 5th. Finally, TheStreet cut shares of Trecora Resources from a “b-” rating to a “c+” rating in a research report on Friday, November 10th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and three have given a buy rating to the company. The stock 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.

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

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