Trecora Resources (TREC) Major Shareholder Athel Fahad Mohammed Saleh Al Sells 8,534 Shares

Trecora Resources (NYSE:TREC) major shareholder Athel Fahad Mohammed Saleh Al sold 8,534 shares of the company’s stock in a transaction on Friday, October 6th. The stock was sold at an average price of $12.98, for a total value of $110,771.32. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Major shareholders that own more than 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 Monday, October 9th, Athel Fahad Mohammed Saleh Al sold 6,734 shares of Trecora Resources stock. The stock was sold at an average price of $12.75, for a total value of $85,858.50.
  • On Thursday, October 5th, Athel Fahad Mohammed Saleh Al sold 11,500 shares of Trecora Resources stock. The stock was sold at an average price of $13.18, for a total value of $151,570.00.
  • On Wednesday, October 4th, Athel Fahad Mohammed Saleh Al sold 7,000 shares of Trecora Resources stock. The stock was sold at an average price of $13.33, for a total value of $93,310.00.
  • On Tuesday, October 3rd, Athel Fahad Mohammed Saleh Al sold 20,100 shares of Trecora Resources stock. The stock was sold at an average price of $13.29, for a total value of $267,129.00.
  • On Monday, October 2nd, Athel Fahad Mohammed Saleh Al sold 16,516 shares of Trecora Resources stock. The stock was sold at an average price of $13.20, for a total value of $218,011.20.
  • On Friday, September 29th, Athel Fahad Mohammed Saleh Al sold 20,000 shares of Trecora Resources stock. The stock was sold at an average price of $13.18, for a total value of $263,600.00.
  • On Thursday, September 28th, Athel Fahad Mohammed Saleh Al sold 20,000 shares of Trecora Resources stock. The stock was sold at an average price of $12.95, for a total value of $259,000.00.
  • On Wednesday, September 27th, Athel Fahad Mohammed Saleh Al sold 20,000 shares of Trecora Resources stock. The stock was sold at an average price of $12.65, for a total value of $253,000.00.
  • On Tuesday, September 26th, Athel Fahad Mohammed Saleh Al sold 20,000 shares of Trecora Resources stock. The stock was sold at an average price of $12.67, for a total value of $253,400.00.
  • On Monday, September 25th, Athel Fahad Mohammed Saleh Al sold 20,000 shares of Trecora Resources stock. The stock was sold at an average price of $12.75, for a total value of $255,000.00.

Shares of Trecora Resources (NYSE:TREC) opened at 12.95 on Wednesday. Trecora Resources has a 52 week low of $9.75 and a 52 week high of $14.80. The stock has a market cap of $314.72 million, a price-to-earnings ratio of 76.18 and a beta of 1.58. The firm has a 50-day moving average price of $12.72 and a 200-day moving average price of $11.71.

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

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A number of brokerages have issued reports on TREC. Zacks Investment Research lowered Trecora Resources from a “hold” rating to a “sell” rating in a research note on Wednesday, October 4th. BidaskClub lowered Trecora Resources from a “sell” rating to a “strong sell” rating in a research note on Saturday, August 5th. B. Riley reiterated a “buy” rating and issued a $17.00 price target on shares of Trecora Resources in a research note on Monday, August 7th. Finally, TheStreet upgraded Trecora Resources from a “c” rating to a “b-” rating in a research note on Monday, July 17th. Two investment analysts have rated the stock with a sell rating and three have issued a buy rating to the company. The company has an average rating of “Hold” and an average target price of $15.00.

Several hedge funds have recently added to or reduced their stakes in TREC. Teachers Advisors LLC increased its stake in shares of Trecora Resources by 6.2% during the fourth quarter. Teachers Advisors LLC now owns 31,797 shares of the basic materials company’s stock worth $440,000 after purchasing an additional 1,846 shares in the last quarter. Bank of New York Mellon Corp increased its stake in shares of Trecora Resources by 1.6% during the first quarter. Bank of New York Mellon Corp now owns 121,653 shares of the basic materials company’s stock worth $1,350,000 after purchasing an additional 1,899 shares in the last quarter. Oxford Asset Management increased its stake in shares of Trecora Resources by 120.2% during the first quarter. Oxford Asset Management now owns 25,459 shares of the basic materials company’s stock worth $283,000 after purchasing an additional 13,897 shares in the last quarter. American International Group Inc. increased its stake in shares of Trecora Resources by 7.1% during the first quarter. American International Group Inc. now owns 12,221 shares of the basic materials company’s stock worth $136,000 after purchasing an additional 813 shares in the last quarter. Finally, Wellington Management Group LLP increased its stake in shares of Trecora Resources by 8.5% during the first quarter. Wellington Management Group LLP now owns 2,873,014 shares of the basic materials company’s stock worth $31,890,000 after purchasing an additional 225,893 shares in the last quarter. 41.55% of the stock is owned by institutional investors and hedge funds.

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)

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

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