Athel Fahad Mohammed Saleh Al Sells 20,000 Shares of Trecora Resources (TREC) Stock

Trecora Resources (NYSE:TREC) major shareholder Athel Fahad Mohammed Saleh Al sold 20,000 shares of the business’s stock in a transaction dated Thursday, September 14th. The shares were sold at an average price of $12.71, for a total transaction of $254,200.00. Following the completion of the sale, the insider now directly owns 3,937,044 shares of the company’s stock, valued at approximately $50,039,829.24. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Large shareholders that own more than 10% 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 Wednesday, September 13th, Athel Fahad Mohammed Saleh Al sold 20,000 shares of Trecora Resources stock. The shares were sold at an average price of $12.64, for a total transaction of $252,800.00.
  • On Tuesday, September 12th, Athel Fahad Mohammed Saleh Al sold 20,000 shares of Trecora Resources stock. The shares were sold at an average price of $12.72, for a total value of $254,400.00.
  • On Monday, September 11th, Athel Fahad Mohammed Saleh Al sold 20,000 shares of Trecora Resources stock. The shares were sold at an average price of $12.25, for a total value of $245,000.00.
  • On Friday, September 8th, Athel Fahad Mohammed Saleh Al sold 20,000 shares of Trecora Resources stock. The shares were sold at an average price of $12.53, for a total value of $250,600.00.
  • On Thursday, September 7th, Athel Fahad Mohammed Saleh Al sold 20,000 shares of Trecora Resources stock. The shares were sold at an average price of $12.15, for a total value of $243,000.00.
  • On Wednesday, September 6th, Athel Fahad Mohammed Saleh Al sold 20,000 shares of Trecora Resources stock. The shares were sold at an average price of $12.05, for a total value of $241,000.00.
  • On Friday, September 1st, Athel Fahad Mohammed Saleh Al sold 20,000 shares of Trecora Resources stock. The shares were sold at an average price of $12.15, for a total value of $243,000.00.
  • On Tuesday, September 5th, Athel Fahad Mohammed Saleh Al sold 20,000 shares of Trecora Resources stock. The shares were sold at an average price of $12.05, for a total value of $241,000.00.
  • On Thursday, August 31st, Athel Fahad Mohammed Saleh Al sold 20,000 shares of Trecora Resources stock. The shares were sold at an average price of $12.23, for a total value of $244,600.00.
  • On Wednesday, August 30th, Athel Fahad Mohammed Saleh Al sold 20,000 shares of Trecora Resources stock. The shares were sold at an average price of $12.25, for a total value of $245,000.00.

Trecora Resources (NYSE:TREC) opened at 12.85 on Friday. The firm has a market cap of $312.29 million, a P/E ratio of 75.59 and a beta of 1.56. The firm’s 50-day moving average price is $12.22 and its 200 day moving average price is $11.51. Trecora Resources has a 52 week low of $9.75 and a 52 week high of $14.80.

Trecora Resources (NYSE:TREC) last issued its earnings results on Thursday, August 3rd. The basic materials company reported $0.03 EPS for the quarter, missing the consensus estimate of $0.07 by ($0.04). Trecora Resources had a return on equity of 3.94% and a net margin of 0.97%. The company had revenue of $62.12 million during the quarter, compared to the consensus estimate of $56.68 million. Equities analysts forecast that Trecora Resources will post $0.32 earnings per share for the current fiscal year.

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Several large investors have recently added to or reduced their stakes in the business. The Manufacturers Life Insurance Company raised its holdings in shares of Trecora Resources by 0.3% in 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 in the last quarter. Luzich Partners LLC raised its holdings in shares of Trecora Resources by 12.0% in the 2nd quarter. Luzich Partners LLC now owns 1,005,299 shares of the basic materials company’s stock valued at $11,310,000 after acquiring an additional 107,495 shares in the last quarter. State Street Corp raised its holdings in shares of Trecora Resources by 8.8% in the 2nd quarter. State Street Corp now owns 349,586 shares of the basic materials company’s stock valued at $3,933,000 after acquiring an additional 28,253 shares in the last quarter. Citigroup Inc. raised its holdings in shares of Trecora Resources by 576.4% in the 2nd quarter. Citigroup Inc. now owns 9,185 shares of the basic materials company’s stock valued at $104,000 after acquiring an additional 7,827 shares in the last quarter. Finally, TIAA CREF Investment Management LLC raised its holdings in shares of Trecora Resources by 1.2% in 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 in the last quarter. 41.55% of the stock is currently owned by hedge funds and other institutional investors.

TREC has been the subject of a number of analyst reports. B. Riley reaffirmed a “buy” rating and issued a $17.50 price target on shares of Trecora Resources in a research note on Wednesday, August 2nd. Zacks Investment Research downgraded Trecora Resources from a “buy” rating to a “hold” rating in a research note on Thursday, July 6th. TheStreet raised Trecora Resources from a “c” rating to a “b-” rating in a research note on Monday, July 17th. Finally, BidaskClub downgraded Trecora Resources from a “sell” rating to a “strong sell” rating in a research note on Saturday, August 5th. One research analyst has rated the stock with a sell rating, one has given a hold rating and three have assigned a buy rating to the company. Trecora Resources has an average rating of “Hold” and a consensus target price of $15.00.

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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