Trecora Resources (NYSE:TREC) major shareholder Athel Fahad Mohammed Saleh Al sold 20,100 shares of the business’s stock in a transaction on Tuesday, October 3rd. The shares were sold at an average price of $13.29, for a total transaction of $267,129.00. The sale was disclosed in a legal filing with the SEC, which is available through this link. Large shareholders that own 10% or more of a company’s stock 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, 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 transaction 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 transaction 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 transaction 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 transaction of $253,000.00.
  • On Tuesday, September 26th, Athel Fahad Mohammed Saleh Al sold 20,000 shares of Trecora Resources stock. The shares were sold at an average price of $12.67, for a total transaction of $253,400.00.
  • On Monday, September 25th, Athel Fahad Mohammed Saleh Al sold 20,000 shares of Trecora Resources stock. The shares were sold at an average price of $12.75, for a total transaction of $255,000.00.
  • On Friday, September 22nd, Athel Fahad Mohammed Saleh Al sold 20,000 shares of Trecora Resources stock. The shares were sold at an average price of $12.82, for a total transaction of $256,400.00.
  • On Thursday, September 21st, Athel Fahad Mohammed Saleh Al sold 20,000 shares of Trecora Resources stock. The shares were sold at an average price of $12.60, for a total transaction of $252,000.00.
  • On Wednesday, September 20th, Athel Fahad Mohammed Saleh Al sold 20,000 shares of Trecora Resources stock. The shares were sold at an average price of $12.71, for a total transaction of $254,200.00.
  • On Tuesday, September 19th, Athel Fahad Mohammed Saleh Al sold 20,000 shares of Trecora Resources stock. The stock was sold at an average price of $12.82, for a total transaction of $256,400.00.

Shares of Trecora Resources (NYSE TREC) traded up 0.38% during trading on Wednesday, hitting $13.35. The stock had a trading volume of 8,690 shares. The stock has a market cap of $324.45 million, a price-to-earnings ratio of 78.53 and a beta of 1.58. Trecora Resources has a 12 month low of $9.75 and a 12 month high of $14.80. The company’s 50 day moving average price is $12.61 and its 200 day moving average price is $11.63.

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

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A number of equities analysts have recently commented on TREC shares. Zacks Investment Research raised shares of Trecora Resources from a “hold” rating to a “buy” rating and set a $13.00 target price on the stock in a research report on Wednesday, July 5th. BidaskClub downgraded shares of 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 report on Monday, August 7th. Finally, TheStreet upgraded Trecora Resources from a “c” rating to a “b-” rating in a report on Monday, July 17th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and three have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus target price of $15.00.

Institutional investors have recently bought and sold shares of the company. Citigroup Inc. increased its position in shares of Trecora Resources by 576.4% during the second quarter. Citigroup Inc. now owns 9,185 shares of the basic materials company’s stock worth $104,000 after acquiring an additional 7,827 shares during the period. American International Group Inc. raised its stake in shares of Trecora Resources by 7.1% in the first quarter. American International Group Inc. now owns 12,221 shares of the basic materials company’s stock valued at $136,000 after acquiring an additional 813 shares in the last quarter. Alliancebernstein L.P. purchased a new position in Trecora Resources in the second quarter valued at $147,000. Legion Partners Asset Management LLC purchased a new position in Trecora Resources in the first quarter valued at $157,000. Finally, The Manufacturers Life Insurance Company boosted its holdings in 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 valued at $183,000 after purchasing an additional 54 shares during the period. 41.55% of the stock is currently owned by institutional investors and hedge funds.

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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