Trecora Resources (TREC) Major Shareholder Athel Fahad Mohammed Saleh Al Sells 1,370 Shares of Stock

Trecora Resources (NYSE:TREC) major shareholder Athel Fahad Mohammed Saleh Al sold 1,370 shares of the business’s stock in a transaction that occurred on Thursday, November 16th. The stock was sold at an average price of $12.21, for a total value of $16,727.70. Following the transaction, the insider now directly owns 3,370,518 shares in the company, valued at approximately $41,154,024.78. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Major shareholders that own 10% or more 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 Monday, November 6th, Athel Fahad Mohammed Saleh Al sold 5,183 shares of Trecora Resources stock. The stock was sold at an average price of $12.31, for a total value of $63,802.73.
  • On Friday, November 3rd, Athel Fahad Mohammed Saleh Al sold 7,768 shares of Trecora Resources stock. The stock was sold at an average price of $12.34, for a total value of $95,857.12.
  • On Wednesday, November 1st, Athel Fahad Mohammed Saleh Al sold 10,518 shares of Trecora Resources stock. The stock was sold at an average price of $12.34, for a total value of $129,792.12.
  • On Monday, October 30th, Athel Fahad Mohammed Saleh Al sold 713 shares of Trecora Resources stock. The stock was sold at an average price of $12.47, for a total value of $8,891.11.
  • On Friday, October 27th, Athel Fahad Mohammed Saleh Al sold 30,000 shares of Trecora Resources stock. The stock was sold at an average price of $12.62, for a total value of $378,600.00.
  • On Wednesday, October 25th, Athel Fahad Mohammed Saleh Al sold 10,925 shares of Trecora Resources stock. The stock was sold at an average price of $12.39, for a total value of $135,360.75.
  • On Monday, October 23rd, Athel Fahad Mohammed Saleh Al sold 30,000 shares of Trecora Resources stock. The stock was sold at an average price of $12.41, for a total value of $372,300.00.
  • On Thursday, October 19th, Athel Fahad Mohammed Saleh Al sold 1,545 shares of Trecora Resources stock. The stock was sold at an average price of $12.30, for a total value of $19,003.50.
  • On Tuesday, October 17th, Athel Fahad Mohammed Saleh Al sold 12,713 shares of Trecora Resources stock. The stock was sold at an average price of $12.32, for a total value of $156,624.16.
  • On Monday, October 16th, Athel Fahad Mohammed Saleh Al sold 12,416 shares of Trecora Resources stock. The stock was sold at an average price of $12.67, for a total value of $157,310.72.

Trecora Resources (TREC) remained flat at $$12.20 during trading on Friday. 25,252 shares of the company traded hands, compared to its average volume of 44,822. Trecora Resources has a 52-week low of $10.12 and a 52-week high of $14.80. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.66 and a quick ratio of 1.21. The company has a market cap of $296.53, a price-to-earnings ratio of 48.80 and a beta of 1.48.

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Institutional investors have recently bought and sold shares of the company. Citigroup Inc. grew its position in shares of Trecora Resources by 576.4% in the second quarter. Citigroup Inc. now owns 9,185 shares of the basic materials company’s stock valued at $104,000 after purchasing an additional 7,827 shares during the last quarter. American International Group Inc. grew its position in shares of Trecora Resources by 7.1% in the first quarter. American International Group Inc. now owns 12,221 shares of the basic materials company’s stock valued at $136,000 after purchasing an additional 813 shares during the last quarter. Alliancebernstein L.P. acquired a new position in shares of Trecora Resources in the second quarter valued at approximately $147,000. The Manufacturers Life Insurance Company grew its position in shares of Trecora Resources by 0.3% in the second quarter. The Manufacturers Life Insurance Company now owns 16,248 shares of the basic materials company’s stock valued at $183,000 after purchasing an additional 54 shares during the last quarter. Finally, First Quadrant L P CA acquired a new position in shares of Trecora Resources in the third quarter valued at approximately $207,000. 41.61% of the stock is currently owned by institutional investors.

A number of equities analysts have weighed in on TREC shares. Zacks Investment Research downgraded Trecora Resources from a “hold” rating to a “sell” rating in a research report on Wednesday, October 4th. B. Riley reissued a “buy” rating and set a $16.00 price target (down previously from $17.00) on shares of Trecora Resources in a research report on Wednesday, November 8th. BidaskClub downgraded Trecora Resources from a “sell” rating to a “strong sell” rating in a research report on Saturday, August 5th. Finally, TheStreet downgraded Trecora Resources from a “b-” rating to a “c+” rating in a research report on Friday, November 10th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and three have given a buy rating to the company. Trecora Resources presently has an average rating of “Hold” and an average target price of $14.75.

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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