Ridgewood Investments LLC decreased its position in Trecora Resources (NYSE:TREC) by 9.8% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 23,000 shares of the basic materials company’s stock after selling 2,505 shares during the quarter. Ridgewood Investments LLC’s holdings in Trecora Resources were worth $164,000 at the end of the most recent quarter.
Other large investors have also recently modified their holdings of the company. JPMorgan Chase & Co. raised its holdings in Trecora Resources by 233.4% during the second quarter. JPMorgan Chase & Co. now owns 16,862 shares of the basic materials company’s stock worth $158,000 after purchasing an additional 11,804 shares in the last quarter. Charles Schwab Investment Management Inc. raised its holdings in Trecora Resources by 32.7% during the second quarter. Charles Schwab Investment Management Inc. now owns 53,339 shares of the basic materials company’s stock worth $511,000 after purchasing an additional 13,139 shares in the last quarter. Renaissance Technologies LLC raised its holdings in Trecora Resources by 2.3% during the second quarter. Renaissance Technologies LLC now owns 52,985 shares of the basic materials company’s stock worth $507,000 after purchasing an additional 1,200 shares in the last quarter. Northern Trust Corp raised its holdings in Trecora Resources by 3.4% during the second quarter. Northern Trust Corp now owns 255,488 shares of the basic materials company’s stock worth $2,445,000 after purchasing an additional 8,470 shares in the last quarter. Finally, BlackRock Inc. raised its holdings in Trecora Resources by 7.5% during the second quarter. BlackRock Inc. now owns 1,125,585 shares of the basic materials company’s stock worth $10,771,000 after purchasing an additional 78,620 shares in the last quarter. 49.12% of the stock is currently owned by hedge funds and other institutional investors.
TREC stock opened at $7.23 on Thursday. The company has a current ratio of 3.31, a quick ratio of 2.80 and a debt-to-equity ratio of 0.50. Trecora Resources has a twelve month low of $7.01 and a twelve month high of $10.54. The company’s 50 day moving average is $7.39 and its two-hundred day moving average is $8.58. The stock has a market cap of $181.69 million, a P/E ratio of 80.00 and a beta of 1.19.
Trecora Resources (NYSE:TREC) last released its quarterly earnings data on Wednesday, November 6th. The basic materials company reported $0.06 earnings per share for the quarter, topping analysts’ consensus estimates of $0.04 by $0.02. Trecora Resources had a negative net margin of 0.20% and a positive return on equity of 1.38%. The company had revenue of $62.72 million for the quarter, compared to analysts’ expectations of $69.00 million. On average, equities research analysts predict that Trecora Resources will post 0.22 earnings per share for the current year.
Separately, ValuEngine cut shares of Trecora Resources from a “buy” rating to a “hold” rating in a report on Wednesday, December 18th.
Trecora Resources 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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