Kennedy Capital Management Inc. grew its position in shares of Trecora Resources (NYSE:TREC) by 33.5% during the 4th quarter, Holdings Channel reports. The firm owned 191,759 shares of the basic materials company’s stock after purchasing an additional 48,129 shares during the quarter. Kennedy Capital Management Inc.’s holdings in Trecora Resources were worth $2,589,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in the business. The Manufacturers Life Insurance Company boosted 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 worth $183,000 after acquiring an additional 54 shares during the last quarter. TIAA CREF Investment Management LLC boosted its position in shares of Trecora Resources by 1.2% in the second quarter. TIAA CREF Investment Management LLC now owns 55,392 shares of the basic materials company’s stock worth $623,000 after acquiring an additional 672 shares during the last quarter. Wells Fargo & Company MN boosted its position in shares of Trecora Resources by 12.6% in the fourth quarter. Wells Fargo & Company MN now owns 44,270 shares of the basic materials company’s stock worth $598,000 after acquiring an additional 4,951 shares during the last quarter. Monarch Partners Asset Management LLC boosted its position in shares of Trecora Resources by 16.4% in the fourth quarter. Monarch Partners Asset Management LLC now owns 44,435 shares of the basic materials company’s stock worth $600,000 after acquiring an additional 6,275 shares during the last quarter. Finally, Schwab Charles Investment Management Inc. boosted its position in shares of Trecora Resources by 29.6% in the fourth quarter. Schwab Charles Investment Management Inc. now owns 35,500 shares of the basic materials company’s stock worth $480,000 after acquiring an additional 8,100 shares during the last quarter. 44.70% of the stock is currently owned by institutional investors.

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Several equities research analysts recently issued reports on the stock. Zacks Investment Research raised shares of Trecora Resources from a “hold” rating to a “buy” rating and set a $12.00 target price on the stock in a research report on Friday, March 9th. B. Riley reaffirmed a “buy” rating on shares of Trecora Resources in a research report on Tuesday, March 6th. One equities research analyst has rated the stock with a sell rating and three have issued a buy rating to the company’s stock. Trecora Resources has a consensus rating of “Buy” and an average target price of $14.67.

In other Trecora Resources news, major shareholder Athel Fahad Mohammed Saleh Al sold 31,463 shares of Trecora Resources stock in a transaction that occurred on Friday, February 2nd. The shares were sold at an average price of $13.23, for a total transaction of $416,255.49. Following the transaction, the insider now directly owns 3,204,906 shares of the company’s stock, valued at $42,400,906.38. The sale was disclosed in a filing with the SEC, which is available at this link. Over the last ninety days, insiders have sold 134,553 shares of company stock worth $1,711,078. 6.60% of the stock is currently owned by corporate insiders.

Trecora Resources (TREC) opened at $13.70 on Wednesday. The firm has a market cap of $332.99, a P/E ratio of 19.03 and a beta of 1.60. The company has a debt-to-equity ratio of 0.48, a quick ratio of 1.21 and a current ratio of 1.66. Trecora Resources has a 12-month low of $10.13 and a 12-month high of $14.30.

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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.

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

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