Trecora Resources (TREC) Major Shareholder Sells $369,000.00 in Stock

Trecora Resources (NYSE:TREC) major shareholder Athel Fahad Mohammed Saleh Al sold 30,000 shares of the company’s stock in a transaction that occurred on Wednesday, February 14th. The stock was sold at an average price of $12.30, for a total value of $369,000.00. Following the completion of the sale, the insider now owns 3,109,772 shares of the company’s stock, valued at $38,250,195.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Large shareholders that own at least 10% of a company’s shares are required to disclose their sales and purchases with the SEC.

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

  • On Monday, February 12th, Athel Fahad Mohammed Saleh Al sold 23,793 shares of Trecora Resources stock. The stock was sold at an average price of $12.74, for a total value of $303,122.82.
  • On Friday, February 9th, Athel Fahad Mohammed Saleh Al sold 30,000 shares of Trecora Resources stock. The stock was sold at an average price of $12.82, for a total value of $384,600.00.
  • On Friday, February 2nd, Athel Fahad Mohammed Saleh Al sold 31,463 shares of Trecora Resources stock. The stock was sold at an average price of $13.23, for a total value of $416,255.49.
  • On Wednesday, November 29th, Athel Fahad Mohammed Saleh Al sold 30,000 shares of Trecora Resources stock. The stock was sold at an average price of $12.29, for a total value of $368,700.00.
  • On Monday, November 27th, Athel Fahad Mohammed Saleh Al sold 740 shares of Trecora Resources stock. The stock was sold at an average price of $12.20, for a total value of $9,028.00.
  • On Friday, November 24th, Athel Fahad Mohammed Saleh Al sold 120 shares of Trecora Resources stock. The stock was sold at an average price of $12.20, for a total value of $1,464.00.
  • On Wednesday, November 22nd, Athel Fahad Mohammed Saleh Al sold 23,682 shares of Trecora Resources stock. The stock was sold at an average price of $12.26, for a total value of $290,341.32.
  • On Monday, November 20th, Athel Fahad Mohammed Saleh Al sold 12,868 shares of Trecora Resources stock. The stock was sold at an average price of $12.21, for a total value of $157,118.28.

Shares of Trecora Resources (NYSE TREC) opened at $12.20 on Friday. Trecora Resources has a 52-week low of $10.12 and a 52-week high of $14.30. The company has a market capitalization of $298.96, a price-to-earnings ratio of 93.85 and a beta of 1.48. The company has a debt-to-equity ratio of 0.48, a quick ratio of 1.21 and a current ratio of 1.66.

Several large investors have recently made changes to their positions in the company. The Manufacturers Life Insurance Company lifted its position in shares of Trecora Resources by 0.3% during the 2nd 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 last quarter. TIAA CREF Investment Management LLC lifted its position in shares of Trecora Resources by 1.2% during the 2nd quarter. TIAA CREF Investment Management LLC now owns 55,392 shares of the basic materials company’s stock valued at $623,000 after acquiring an additional 672 shares during the last quarter. Wells Fargo & Company MN lifted its position in shares of Trecora Resources by 12.6% during the 4th quarter. Wells Fargo & Company MN now owns 44,270 shares of the basic materials company’s stock valued at $598,000 after acquiring an additional 4,951 shares during the last quarter. Monarch Partners Asset Management LLC lifted its position in shares of Trecora Resources by 16.4% during the 4th quarter. Monarch Partners Asset Management LLC now owns 44,435 shares of the basic materials company’s stock valued at $600,000 after acquiring an additional 6,275 shares during the last quarter. Finally, Ironwood Investment Management LLC lifted its position in shares of Trecora Resources by 22.0% during the 3rd quarter. Ironwood Investment Management LLC now owns 40,722 shares of the basic materials company’s stock valued at $542,000 after acquiring an additional 7,354 shares during the last quarter. Institutional investors own 43.13% of the company’s stock.

A number of research firms have weighed in on TREC. Zacks Investment Research downgraded Trecora Resources from a “hold” rating to a “sell” rating in a research report on Saturday, January 20th. TheStreet downgraded Trecora Resources from a “b-” rating to a “c+” rating in a research report on Friday, November 10th. Finally, B. Riley restated a “buy” rating and issued a $16.00 target price (down from $17.00) on shares of Trecora Resources in a research report on Wednesday, November 8th. Two analysts have rated the stock with a sell rating and three have issued a buy rating to the stock. Trecora Resources has a consensus rating of “Hold” and an average price target of $14.75.

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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.

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

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