Athel Fahad Mohammed Saleh Al Sells 60,000 Shares of Trecora Resources (NYSE:TREC) Stock

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Trecora Resources (NYSE:TREC) major shareholder Athel Fahad Mohammed Saleh Al sold 60,000 shares of the company’s stock in a transaction on Friday, September 13th. The stock was sold at an average price of $9.09, for a total value of $545,400.00. Following the sale, the insider now owns 2,487,959 shares of the company’s stock, valued at $22,615,547.31. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Large 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 Monday, September 9th, Athel Fahad Mohammed Saleh Al sold 18,167 shares of Trecora Resources stock. The shares were sold at an average price of $9.01, for a total value of $163,684.67.
  • On Wednesday, September 11th, Athel Fahad Mohammed Saleh Al sold 30,000 shares of Trecora Resources stock. The stock was sold at an average price of $9.04, for a total value of $271,200.00.
  • On Thursday, August 1st, Athel Fahad Mohammed Saleh Al sold 13,176 shares of Trecora Resources stock. The stock was sold at an average price of $9.61, for a total value of $126,621.36.
  • On Monday, July 29th, Athel Fahad Mohammed Saleh Al sold 8,592 shares of Trecora Resources stock. The stock was sold at an average price of $9.60, for a total value of $82,483.20.
  • On Friday, July 26th, Athel Fahad Mohammed Saleh Al sold 28,712 shares of Trecora Resources stock. The stock was sold at an average price of $9.62, for a total value of $276,209.44.
  • On Wednesday, July 24th, Athel Fahad Mohammed Saleh Al sold 21,521 shares of Trecora Resources stock. The shares were sold at an average price of $9.61, for a total value of $206,816.81.
  • On Monday, July 22nd, Athel Fahad Mohammed Saleh Al sold 400 shares of Trecora Resources stock. The shares were sold at an average price of $9.60, for a total value of $3,840.00.
  • On Friday, July 19th, Athel Fahad Mohammed Saleh Al sold 125 shares of Trecora Resources stock. The shares were sold at an average price of $9.60, for a total value of $1,200.00.
  • On Monday, July 15th, Athel Fahad Mohammed Saleh Al sold 12,301 shares of Trecora Resources stock. The shares were sold at an average price of $9.60, for a total value of $118,089.60.
  • On Friday, July 12th, Athel Fahad Mohammed Saleh Al sold 12,885 shares of Trecora Resources stock. The shares were sold at an average price of $9.61, for a total value of $123,824.85.

NYSE:TREC traded down $0.08 during midday trading on Friday, reaching $8.89. The company had a trading volume of 70,820 shares, compared to its average volume of 50,400. The firm has a market capitalization of $220.95 million, a price-to-earnings ratio of 894.00 and a beta of 1.24. The stock’s fifty day simple moving average is $8.98 and its 200-day simple moving average is $9.31. Trecora Resources has a 12-month low of $6.69 and a 12-month high of $13.08. The company has a current ratio of 2.17, a quick ratio of 1.56 and a debt-to-equity ratio of 0.56.

Trecora Resources (NYSE:TREC) last released its earnings results on Monday, August 5th. The basic materials company reported $0.10 earnings per share (EPS) for the quarter. The firm had revenue of $69.37 million during the quarter, compared to analyst estimates of $68.05 million. Trecora Resources had a positive return on equity of 0.16% and a negative net margin of 0.97%. As a group, sell-side analysts expect that Trecora Resources will post 0.24 EPS for the current year.

TREC has been the subject of several recent analyst reports. Roth Capital reissued a “buy” rating on shares of Trecora Resources in a research note on Tuesday, August 6th. ValuEngine raised Trecora Resources from a “hold” rating to a “buy” rating in a research note on Wednesday, October 2nd. One research analyst has rated the stock with a hold rating and three have assigned a buy rating to the stock. Trecora Resources currently has a consensus rating of “Buy” and a consensus target price of $14.00.

Hedge funds and other institutional investors have recently made changes to their positions in the business. Charles Schwab Investment Management Inc. lifted its holdings in Trecora Resources by 32.7% during the 2nd quarter. Charles Schwab Investment Management Inc. now owns 53,339 shares of the basic materials company’s stock worth $511,000 after buying an additional 13,139 shares during the last quarter. Dimensional Fund Advisors LP lifted its holdings in shares of Trecora Resources by 9.5% in the 4th quarter. Dimensional Fund Advisors LP now owns 1,056,755 shares of the basic materials company’s stock valued at $8,243,000 after purchasing an additional 92,005 shares during the last quarter. Royce & Associates LP lifted its holdings in shares of Trecora Resources by 4.2% in the 1st quarter. Royce & Associates LP now owns 533,678 shares of the basic materials company’s stock valued at $4,851,000 after purchasing an additional 21,278 shares during the last quarter. Uniplan Investment Counsel Inc. lifted its holdings in shares of Trecora Resources by 41.3% in the 2nd quarter. Uniplan Investment Counsel Inc. now owns 302,833 shares of the basic materials company’s stock valued at $2,898,000 after purchasing an additional 88,510 shares during the last quarter. Finally, Tieton Capital Management LLC lifted its holdings in shares of Trecora Resources by 64.3% in the 1st quarter. Tieton Capital Management LLC now owns 471,265 shares of the basic materials company’s stock valued at $4,284,000 after purchasing an additional 184,475 shares during the last quarter. 47.59% of the stock is owned by institutional investors.

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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