Trecora Resources (NYSE:TREC) major shareholder Athel Fahad Mohammed Saleh Al sold 30,000 shares of the firm’s stock in a transaction on Tuesday, June 11th. The stock was sold at an average price of $9.71, for a total value of $291,300.00. Following the transaction, the insider now directly owns 2,745,292 shares of the company’s stock, valued at $26,656,785.32. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Large shareholders that own at least 10% of a company’s shares are required to disclose their transactions with the SEC.

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

  • On Wednesday, May 22nd, Athel Fahad Mohammed Saleh Al sold 541 shares of Trecora Resources stock. The stock was sold at an average price of $10.00, for a total value of $5,410.00.
  • On Monday, May 20th, Athel Fahad Mohammed Saleh Al sold 7,700 shares of Trecora Resources stock. The stock was sold at an average price of $10.00, for a total value of $77,000.00.
  • On Wednesday, May 15th, Athel Fahad Mohammed Saleh Al sold 6,153 shares of Trecora Resources stock. The stock was sold at an average price of $10.00, for a total value of $61,530.00.
  • On Friday, May 10th, Athel Fahad Mohammed Saleh Al sold 2,680 shares of Trecora Resources stock. The stock was sold at an average price of $10.00, for a total value of $26,800.00.
  • On Wednesday, May 8th, Athel Fahad Mohammed Saleh Al sold 60,000 shares of Trecora Resources stock. The stock was sold at an average price of $10.15, for a total value of $609,000.00.
  • On Monday, May 6th, Athel Fahad Mohammed Saleh Al sold 30,000 shares of Trecora Resources stock. The stock was sold at an average price of $9.50, for a total value of $285,000.00.
  • On Wednesday, May 1st, Athel Fahad Mohammed Saleh Al sold 300 shares of Trecora Resources stock. The stock was sold at an average price of $9.40, for a total value of $2,820.00.
  • On Friday, May 3rd, Athel Fahad Mohammed Saleh Al sold 21,550 shares of Trecora Resources stock. The stock was sold at an average price of $9.41, for a total value of $202,785.50.
  • On Wednesday, April 24th, Athel Fahad Mohammed Saleh Al sold 401 shares of Trecora Resources stock. The stock was sold at an average price of $9.40, for a total value of $3,769.40.
  • On Monday, April 22nd, Athel Fahad Mohammed Saleh Al sold 24,342 shares of Trecora Resources stock. The stock was sold at an average price of $9.55, for a total value of $232,466.10.

Shares of Trecora Resources stock opened at $9.46 on Friday. The company has a quick ratio of 1.48, a current ratio of 2.15 and a debt-to-equity ratio of 0.60. Trecora Resources has a 1-year low of $6.69 and a 1-year high of $15.60.

Trecora Resources (NYSE:TREC) last issued its quarterly earnings results on Monday, May 6th. The basic materials company reported $0.07 earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.05) by $0.12. Trecora Resources had a negative return on equity of 0.07% and a negative net margin of 1.04%. The firm had revenue of $65.16 million during the quarter, compared to the consensus estimate of $71.10 million. Research analysts expect that Trecora Resources will post 0.14 EPS for the current year.

TREC has been the subject of a number of recent analyst reports. B. Riley initiated coverage on Trecora Resources in a report on Tuesday, March 5th. They set a “buy” rating and a $14.00 price target for the company. Zacks Investment Research upgraded Trecora Resources from a “strong sell” rating to a “hold” rating in a report on Wednesday, May 8th.

Institutional investors have recently modified their holdings of the business. BNP Paribas Arbitrage SA grew its stake in shares of Trecora Resources by 503.8% in the 1st quarter. BNP Paribas Arbitrage SA now owns 4,341 shares of the basic materials company’s stock valued at $39,000 after buying an additional 3,622 shares during the period. Bank of America Corp DE grew its stake in shares of Trecora Resources by 56.0% in the 4th quarter. Bank of America Corp DE now owns 14,136 shares of the basic materials company’s stock valued at $111,000 after buying an additional 5,076 shares during the period. Ridgewood Investments LLC acquired a new stake in shares of Trecora Resources in the 1st quarter valued at about $164,000. Rhumbline Advisers grew its stake in shares of Trecora Resources by 43.5% in the 4th quarter. Rhumbline Advisers now owns 29,777 shares of the basic materials company’s stock valued at $232,000 after buying an additional 9,030 shares during the period. Finally, Wells Fargo & Company MN grew its stake in shares of Trecora Resources by 11.5% in the 1st quarter. Wells Fargo & Company MN now owns 35,759 shares of the basic materials company’s stock valued at $325,000 after buying an additional 3,690 shares during the period. Hedge funds and other institutional investors own 49.15% of the company’s stock.

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About Trecora Resources

Trecora Resources manufactures and sells various specialty petrochemical products and synthetic waxes in the United States. The company operates in two segments, Petrochemical and Specialty Waxes. The Petrochemical segment offers hydrocarbons and other petroleum based products, including isopentane, normal pentane, isohexane, and hexane for use in the production of polyethylene, packaging, polypropylene, expandable polystyrene, poly-iso/urethane foams, and crude oil from the Canadian tar sands, as well as in the catalyst support industry.

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