Nationwide Fund Advisors held its stake in Trecora Resources (NYSE:TREC) during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 14,698 shares of the basic materials company’s stock at the end of the second quarter. Nationwide Fund Advisors owned approximately 0.06% of Trecora Resources worth $165,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also made changes to their positions in TREC. American International Group Inc. boosted its holdings 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 acquiring an additional 813 shares during the period. Alliancebernstein L.P. bought a new stake in shares of Trecora Resources during the second quarter worth approximately $147,000. Rhumbline Advisers boosted its holdings in shares of Trecora Resources by 7.7% during the second quarter. Rhumbline Advisers now owns 24,132 shares of the basic materials company’s stock worth $271,000 after acquiring an additional 1,735 shares during the period. Stanley Laman Group Ltd. boosted its holdings in shares of Trecora Resources by 6.8% during the second quarter. Stanley Laman Group Ltd. now owns 30,770 shares of the basic materials company’s stock worth $346,000 after acquiring an additional 1,957 shares during the period. Finally, Ironwood Investment Management LLC bought a new stake in shares of Trecora Resources during the second quarter worth approximately $375,000. 41.61% of the stock is currently owned by hedge funds and other institutional investors.
TREC has been the subject of a number of research analyst reports. Zacks Investment Research cut Trecora Resources from a “hold” rating to a “sell” rating in a report on Wednesday, October 4th. BidaskClub cut Trecora Resources from a “sell” rating to a “strong sell” rating in a report on Saturday, August 5th. B. Riley restated a “buy” rating and set a $17.00 price objective on shares of Trecora Resources in a report on Monday, August 7th. Finally, TheStreet cut Trecora Resources from a “b-” rating to a “c+” rating in a report on Friday, November 10th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and three have issued a buy rating to the company. The stock has an average rating of “Hold” and a consensus target price of $14.75.
In related news, major shareholder Athel Fahad Mohammed Saleh Al sold 20,000 shares of the business’s stock in a transaction that occurred on Wednesday, August 30th. The stock was sold at an average price of $12.25, for a total value of $245,000.00. Following the completion of the sale, the insider now directly owns 4,137,044 shares in the company, valued at $50,678,789. The sale was disclosed in a filing with the SEC, which is available at this link. Over the last quarter, insiders sold 717,302 shares of company stock valued at $9,051,138. 6.60% of the stock is currently owned by corporate insiders.
Shares of Trecora Resources (NYSE:TREC) opened at $12.20 on Friday. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.66 and a quick ratio of 1.21. The stock has a market capitalization of $296.53, a P/E ratio of 48.20 and a beta of 1.48. Trecora Resources has a 12 month low of $10.13 and a 12 month high of $14.80.
Trecora Resources 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.
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