Trecora Resources (TREC) Major Shareholder Athel Fahad Mohammed Saleh Al Sells 31,463 Shares

Trecora Resources (NYSE:TREC) major shareholder Athel Fahad Mohammed Saleh Al sold 31,463 shares of the business’s stock in a transaction that occurred on Friday, February 2nd. The stock was sold at an average price of $13.23, for a total transaction of $416,255.49. Following the sale, the insider now directly owns 3,204,906 shares in the company, valued at approximately $42,400,906.38. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Large shareholders that own 10% or more 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 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 transaction 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 transaction 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 transaction of $1,464.00.
  • On Wednesday, November 22nd, Athel Fahad Mohammed Saleh Al sold 23,682 shares of Trecora Resources stock. The shares were sold at an average price of $12.26, for a total transaction of $290,341.32.
  • On Monday, November 20th, Athel Fahad Mohammed Saleh Al sold 12,868 shares of Trecora Resources stock. The shares were sold at an average price of $12.21, for a total transaction of $157,118.28.
  • On Thursday, November 16th, Athel Fahad Mohammed Saleh Al sold 1,370 shares of Trecora Resources stock. The shares were sold at an average price of $12.21, for a total transaction of $16,727.70.

Shares of Trecora Resources (TREC) opened at $12.90 on Thursday. The company has a debt-to-equity ratio of 0.48, a quick ratio of 1.21 and a current ratio of 1.66. Trecora Resources has a 12 month low of $10.13 and a 12 month high of $14.30. The company has a market cap of $313.55, a P/E ratio of 99.23 and a beta of 1.48.

Trecora Resources (NYSE:TREC) last announced its quarterly earnings data on Tuesday, November 7th. The basic materials company reported $0.07 EPS for the quarter, missing the consensus estimate of $0.14 by ($0.07). Trecora Resources had a net margin of 1.37% and a return on equity of 3.74%. equities research analysts predict that Trecora Resources will post 0.25 earnings per share for the current year.

Hedge funds and other institutional investors have recently made changes to their positions in the business. Citigroup Inc. lifted its stake in Trecora Resources by 576.4% during 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 during the period. Alliancebernstein L.P. acquired a new position in shares of Trecora Resources in the 2nd quarter valued at $147,000. The Manufacturers Life Insurance Company lifted its stake 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 purchasing an additional 54 shares during the period. First Quadrant L P CA acquired a new position in shares of Trecora Resources in the 3rd quarter valued at $207,000. Finally, Rhumbline Advisers lifted its stake in shares of Trecora Resources by 7.7% in the 2nd quarter. Rhumbline Advisers now owns 24,132 shares of the basic materials company’s stock valued at $271,000 after purchasing an additional 1,735 shares during the period. Institutional investors and hedge funds own 42.84% of the company’s stock.

Several brokerages have commented on TREC. Zacks Investment Research cut shares of Trecora Resources from a “hold” rating to a “sell” rating in a research note on Saturday, January 20th. TheStreet cut shares of Trecora Resources from a “b-” rating to a “c+” rating in a research note on Friday, November 10th. Finally, B. Riley restated a “buy” rating and set a $16.00 price objective (down from $17.00) on shares of Trecora Resources in a research note on Wednesday, November 8th. Two analysts have rated the stock with a sell rating and three have given a buy rating to the company. The company currently has an average rating of “Hold” and an average target price 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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