Trecora Resources (TREC) Major Shareholder Sells $26,800.00 in Stock

Trecora Resources (NYSE:TREC) major shareholder Athel Fahad Mohammed Saleh Al sold 2,680 shares of the firm’s stock in a transaction on Friday, May 10th. The shares were sold at an average price of $10.00, for a total value of $26,800.00. Following the completion of the sale, the insider now directly owns 2,814,993 shares of the company’s stock, valued at approximately $28,149,930. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Large shareholders that own more than 10% of a company’s shares are required to disclose their transactions with the SEC.

Athel Fahad Mohammed Saleh Al also recently made the following trade(s):

  • On Wednesday, May 8th, Athel Fahad Mohammed Saleh Al sold 60,000 shares of Trecora Resources stock. The shares were sold at an average price of $10.15, for a total value of $609,000.00.
  • On Monday, May 6th, Athel Fahad Mohammed Saleh Al sold 30,000 shares of Trecora Resources stock. The shares were sold at an average price of $9.50, for a total value of $285,000.00.
  • On Wednesday, May 1st, Athel Fahad Mohammed Saleh Al sold 300 shares of Trecora Resources stock. The shares were sold at an average price of $9.40, for a total value of $2,820.00.
  • On Friday, May 3rd, Athel Fahad Mohammed Saleh Al sold 21,550 shares of Trecora Resources stock. The shares were sold at an average price of $9.41, for a total value of $202,785.50.
  • On Wednesday, April 24th, Athel Fahad Mohammed Saleh Al sold 401 shares of Trecora Resources stock. The shares were sold at an average price of $9.40, for a total value of $3,769.40.
  • On Monday, April 22nd, Athel Fahad Mohammed Saleh Al sold 24,342 shares of Trecora Resources stock. The shares were sold at an average price of $9.55, for a total value of $232,466.10.
  • On Wednesday, April 17th, Athel Fahad Mohammed Saleh Al sold 10,293 shares of Trecora Resources stock. The shares were sold at an average price of $9.63, for a total value of $99,121.59.
  • On Monday, April 15th, Athel Fahad Mohammed Saleh Al sold 18,492 shares of Trecora Resources stock. The shares were sold at an average price of $9.31, for a total value of $172,160.52.
  • On Friday, April 12th, Athel Fahad Mohammed Saleh Al sold 8,247 shares of Trecora Resources stock. The shares were sold at an average price of $9.15, for a total value of $75,460.05.
  • On Wednesday, April 10th, Athel Fahad Mohammed Saleh Al sold 2,220 shares of Trecora Resources stock. The shares were sold at an average price of $9.10, for a total value of $20,202.00.

Shares of TREC stock traded down $0.09 during mid-day trading on Friday, reaching $9.85. The stock had a trading volume of 15,104 shares, compared to its average volume of 47,104. Trecora Resources has a 12-month low of $6.69 and a 12-month high of $15.60. The company has a debt-to-equity ratio of 0.60, a quick ratio of 1.48 and a current ratio of 2.15.

Trecora Resources (NYSE:TREC) last announced its quarterly earnings results on Monday, May 6th. The basic materials company reported $0.07 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.05) by $0.12. Trecora Resources had a negative return on equity of 0.07% and a negative net margin of 1.04%. The business had revenue of $65.16 million during the quarter, compared to analysts’ expectations of $71.10 million. On average, sell-side analysts expect that Trecora Resources will post 0.14 EPS for the current year.

Hedge funds have recently made changes to their positions in the company. Prescott Group Capital Management L.L.C. purchased a new position in shares of Trecora Resources in the fourth quarter valued at $2,585,000. Dimensional Fund Advisors LP increased its position in shares of Trecora Resources by 7.2% in the third quarter. Dimensional Fund Advisors LP now owns 964,750 shares of the basic materials company’s stock valued at $13,506,000 after buying an additional 65,188 shares in the last quarter. Vanguard Group Inc increased its position in shares of Trecora Resources by 8.7% in the third quarter. Vanguard Group Inc now owns 981,781 shares of the basic materials company’s stock valued at $13,745,000 after buying an additional 78,315 shares in the last quarter. Monarch Partners Asset Management LLC increased its position in shares of Trecora Resources by 3.4% in the fourth quarter. Monarch Partners Asset Management LLC now owns 63,615 shares of the basic materials company’s stock valued at $496,000 after buying an additional 2,120 shares in the last quarter. Finally, Vanguard Group Inc. increased its position in shares of Trecora Resources by 8.7% in the third quarter. Vanguard Group Inc. now owns 981,781 shares of the basic materials company’s stock valued at $13,745,000 after buying an additional 78,315 shares in the last quarter. Institutional investors and hedge funds own 47.10% of the company’s stock.

A number of research firms have commented on TREC. Zacks Investment Research raised Trecora Resources from a “strong sell” rating to a “hold” rating in a report on Wednesday, May 8th. B. Riley began coverage on Trecora Resources in a report on Tuesday, March 5th. They issued a “buy” rating and a $14.00 target price for the company.

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Trecora Resources Company Profile

Trecora Resources manufactures and sells various specialty petrochemical products and synthetic waxes in the United States. The company operates in two segments, Petrochemical and Specialty Waxes. The Petrochemical segment offers hydrocarbons and other petroleum based products, including isopentane, normal pentane, isohexane, and hexane for use in the production of polyethylene, packaging, polypropylene, expandable polystyrene, poly-iso/urethane foams, and crude oil from the Canadian tar sands, as well as in the catalyst support industry.

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