State Street Corp Has $3.93 Million Holdings in Trecora Resources (TREC)
State Street Corp grew its position in Trecora Resources (NYSE:TREC) by 8.8% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 349,586 shares of the basic materials company’s stock after purchasing an additional 28,253 shares during the quarter. State Street Corp owned about 1.44% of Trecora Resources worth $3,933,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in TREC. Vanguard Group Inc. grew its holdings in Trecora Resources by 2.5% in the first quarter. Vanguard Group Inc. now owns 558,376 shares of the basic materials company’s stock worth $6,198,000 after purchasing an additional 13,585 shares during the last quarter. Geode Capital Management LLC grew its holdings in Trecora Resources by 2.8% in the first quarter. Geode Capital Management LLC now owns 142,410 shares of the basic materials company’s stock worth $1,580,000 after purchasing an additional 3,889 shares during the last quarter. Dimensional Fund Advisors LP grew its holdings in Trecora Resources by 2.5% in the first quarter. Dimensional Fund Advisors LP now owns 671,410 shares of the basic materials company’s stock worth $7,453,000 after purchasing an additional 16,452 shares during the last quarter. Renaissance Technologies LLC grew its holdings in Trecora Resources by 12.7% in the first quarter. Renaissance Technologies LLC now owns 249,500 shares of the basic materials company’s stock worth $2,769,000 after purchasing an additional 28,100 shares during the last quarter. Finally, Rhumbline Advisers grew its holdings in Trecora Resources by 7.7% in the second quarter. Rhumbline Advisers now owns 24,132 shares of the basic materials company’s stock worth $271,000 after purchasing an additional 1,735 shares during the last quarter. 42.73% of the stock is currently owned by institutional investors and hedge funds.
In other news, major shareholder Athel Fahad Mohammed Saleh Al sold 5,183 shares of the business’s stock in a transaction on Monday, November 6th. The shares were sold at an average price of $12.31, for a total transaction of $63,802.73. Following the sale, the insider now directly owns 3,370,718 shares of the company’s stock, valued at $41,493,538.58. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Insiders have sold 634,712 shares of company stock worth $8,047,590 over the last three months. Corporate insiders own 6.60% of the company’s stock.
Shares of Trecora Resources (TREC) traded up $0.25 on Friday, hitting $12.85. 39,285 shares of the stock were exchanged, compared to its average volume of 46,009. The stock has a market capitalization of $305.65, a price-to-earnings ratio of 50.30 and a beta of 1.47. The company has a quick ratio of 1.21, a current ratio of 1.66 and a debt-to-equity ratio of 0.48. Trecora Resources has a 12-month low of $10.13 and a 12-month high of $14.80.
Several equities analysts have issued reports on the stock. Zacks Investment Research lowered shares of Trecora Resources from a “hold” rating to a “sell” rating in a report on Wednesday, October 4th. B. Riley reissued a “buy” rating and set a $16.00 price objective (down from $17.00) on shares of Trecora Resources in a report on Wednesday, November 8th. Finally, TheStreet lowered shares of Trecora Resources from a “b-” rating to a “c+” rating in a report on Friday, November 10th. One analyst has rated the stock with a sell rating, one has assigned a hold rating and three have assigned a buy rating to the company. The company has an average rating of “Hold” and an average price target of $14.75.
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Trecora Resources 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.
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