Athel Fahad Mohammed Saleh Al Sells 6,734 Shares of Trecora Resources (TREC) Stock

Trecora Resources (NYSE:TREC) major shareholder Athel Fahad Mohammed Saleh Al sold 6,734 shares of the company’s stock in a transaction dated Monday, October 9th. The shares were sold at an average price of $12.75, for a total transaction of $85,858.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Major 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 Tuesday, October 10th, Athel Fahad Mohammed Saleh Al sold 30,000 shares of Trecora Resources stock. The shares were sold at an average price of $12.82, for a total transaction of $384,600.00.
  • On Friday, October 6th, Athel Fahad Mohammed Saleh Al sold 8,534 shares of Trecora Resources stock. The shares were sold at an average price of $12.98, for a total transaction of $110,771.32.
  • On Thursday, October 5th, Athel Fahad Mohammed Saleh Al sold 11,500 shares of Trecora Resources stock. The shares were sold at an average price of $13.18, for a total transaction of $151,570.00.
  • On Wednesday, October 4th, Athel Fahad Mohammed Saleh Al sold 7,000 shares of Trecora Resources stock. The shares were sold at an average price of $13.33, for a total transaction of $93,310.00.
  • On Tuesday, October 3rd, Athel Fahad Mohammed Saleh Al sold 20,100 shares of Trecora Resources stock. The shares were sold at an average price of $13.29, for a total transaction of $267,129.00.
  • On Monday, October 2nd, Athel Fahad Mohammed Saleh Al sold 16,516 shares of Trecora Resources stock. The shares were 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 shares were 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 shares were 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 shares were 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.

Shares of Trecora Resources (TREC) opened at 12.70 on Thursday. Trecora Resources has a 12 month low of $9.75 and a 12 month high of $14.80. The company has a market cap of $308.65 million, a PE ratio of 74.71 and a beta of 1.58. The firm’s 50-day moving average price is $12.73 and its 200-day moving average price is $11.72.

Trecora Resources (NYSE:TREC) last posted its earnings results on Thursday, August 3rd. The basic materials company reported $0.03 earnings per share for the quarter, missing analysts’ consensus estimates 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 analysts predict that Trecora Resources will post $0.31 EPS for the current fiscal year.

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A number of equities research analysts have weighed in on the stock. Zacks Investment Research raised shares of Trecora Resources from a “sell” rating to a “hold” rating in a report on Thursday. B. Riley reissued a “buy” rating and issued a $17.00 price target on shares of Trecora Resources in a report on Monday, August 7th. BidaskClub downgraded shares of Trecora Resources from a “sell” rating to a “strong sell” rating in a report on Saturday, August 5th. 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 issued a hold rating and three have assigned a buy rating to the company. The company currently has a consensus rating of “Hold” and an average target price of $15.00.

Several hedge funds have recently bought and sold shares of the stock. The Manufacturers Life Insurance Company increased its holdings 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 worth $183,000 after acquiring an additional 54 shares during the last quarter. Luzich Partners LLC increased its holdings in shares of Trecora Resources by 12.0% during the 2nd quarter. Luzich Partners LLC now owns 1,005,299 shares of the basic materials company’s stock worth $11,310,000 after acquiring an additional 107,495 shares during the last quarter. State Street Corp increased its holdings in shares of Trecora Resources by 8.8% during the 2nd quarter. State Street Corp now owns 349,586 shares of the basic materials company’s stock worth $3,933,000 after acquiring an additional 28,253 shares during the last quarter. Citigroup Inc. increased its holdings in shares of Trecora Resources by 576.4% during the 2nd 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 last quarter. Finally, TIAA CREF Investment Management LLC increased its holdings 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 worth $623,000 after acquiring an additional 672 shares during the last quarter. 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.

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