Trecora Resources (NYSE:TREC) major shareholder Athel Fahad Mohammed Saleh Al sold 23,793 shares of Trecora Resources stock in a transaction that occurred on Monday, February 12th. The shares were sold at an average price of $12.74, for a total transaction of $303,122.82. Following the completion of the transaction, the insider now owns 3,139,772 shares of the company’s stock, valued at approximately $40,000,695.28. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Major shareholders that own more than 10% 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 Friday, February 9th, Athel Fahad Mohammed Saleh Al sold 30,000 shares of Trecora Resources stock. The stock was sold at an average price of $12.82, for a total transaction of $384,600.00.
  • On Friday, February 2nd, Athel Fahad Mohammed Saleh Al sold 31,463 shares of Trecora Resources stock. The stock was sold at an average price of $13.23, for a total transaction of $416,255.49.
  • 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 stock was 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 stock was 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 stock was sold at an average price of $12.21, for a total transaction of $16,727.70.

Shares of Trecora Resources (NYSE:TREC) remained flat at $$12.60 during trading hours on Tuesday. The company had a trading volume of 1,378 shares, compared to its average volume of 40,030. The firm has a market cap of $312.33, a PE ratio of 96.93 and a beta of 1.48. 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 52 week low of $10.13 and a 52 week high of $14.30.

Several research analysts have commented on TREC shares. B. Riley reiterated a “buy” rating and set a $16.00 price target (down previously from $17.00) on shares of Trecora Resources in a report on Wednesday, November 8th. TheStreet cut shares of Trecora Resources from a “b-” rating to a “c+” rating in a report on Friday, November 10th. Finally, Zacks Investment Research cut shares of Trecora Resources from a “hold” rating to a “sell” rating in a report on Saturday, January 20th. Two equities research analysts have rated the stock with a sell rating and three have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average target price of $14.75.

Several large investors have recently modified their holdings of TREC. Bank of New York Mellon Corp lifted its position in shares of Trecora Resources by 17.6% during the 2nd quarter. Bank of New York Mellon Corp now owns 143,060 shares of the basic materials company’s stock worth $1,610,000 after buying an additional 21,407 shares during the last quarter. Alliancebernstein L.P. purchased a new stake in shares of Trecora Resources during the 2nd quarter worth approximately $147,000. TIAA CREF Investment Management LLC lifted its position 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 buying an additional 672 shares during the last quarter. Citigroup Inc. lifted its position 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 buying an additional 7,827 shares during the last quarter. Finally, State Street Corp lifted its position 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 buying an additional 28,253 shares during the last quarter. Institutional investors and hedge funds own 43.13% of the company’s stock.

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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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