Insider Selling: Trecora Resources (TREC) Major Shareholder Sells 8,247 Shares of Stock

Trecora Resources (NYSE:TREC) major shareholder Athel Fahad Mohammed Saleh Al sold 8,247 shares of the firm’s stock in a transaction dated Friday, April 12th. The shares were sold at an average price of $9.15, for a total transaction of $75,460.05. Following the completion of the sale, the insider now owns 3,035,274 shares of the company’s stock, valued at approximately $27,772,757.10. The transaction was disclosed in a document filed with the SEC, which is available at this link. Major 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, 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 transaction of $20,202.00.
  • On Monday, April 8th, Athel Fahad Mohammed Saleh Al sold 10,772 shares of Trecora Resources stock. The shares were sold at an average price of $9.17, for a total transaction of $98,779.24.

Trecora Resources stock traded down $0.13 during midday trading on Monday, hitting $9.10. 9,360 shares of the stock were exchanged, compared to its average volume of 51,304. Trecora Resources has a 52 week low of $6.69 and a 52 week high of $15.60. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.87 and a quick ratio of 1.31.

Trecora Resources (NYSE:TREC) last announced its quarterly earnings results on Wednesday, March 6th. The basic materials company reported ($0.14) earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.06 by ($0.20). Trecora Resources had a negative net margin of 0.81% and a positive return on equity of 0.12%. The company had revenue of $74.67 million during the quarter, compared to the consensus estimate of $78.85 million. Equities research analysts predict that Trecora Resources will post 0.13 EPS for the current fiscal year.

Several research analysts recently weighed in on the stock. B. Riley assumed coverage on shares of Trecora Resources in a research note on Tuesday, March 5th. They set a “buy” rating and a $14.00 price objective on the stock. Zacks Investment Research lowered shares of Trecora Resources from a “hold” rating to a “sell” rating in a research note on Wednesday, March 13th.

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Bank of New York Mellon Corp raised its holdings in shares of Trecora Resources by 8.1% in the third quarter. Bank of New York Mellon Corp now owns 84,824 shares of the basic materials company’s stock valued at $1,188,000 after purchasing an additional 6,352 shares during the last quarter. BlackRock Inc. increased its holdings in Trecora Resources by 1.0% during the third quarter. BlackRock Inc. now owns 1,067,547 shares of the basic materials company’s stock worth $14,946,000 after buying an additional 10,195 shares during the last quarter. Dimensional Fund Advisors LP increased its holdings in Trecora Resources by 7.2% during the third quarter. Dimensional Fund Advisors LP now owns 964,750 shares of the basic materials company’s stock worth $13,506,000 after buying an additional 65,188 shares during the last quarter. MetLife Investment Advisors LLC increased its holdings in Trecora Resources by 65.1% during the third quarter. MetLife Investment Advisors LLC now owns 17,863 shares of the basic materials company’s stock worth $250,000 after buying an additional 7,044 shares during the last quarter. Finally, Vanguard Group Inc. increased its holdings in Trecora Resources by 8.7% during the third quarter. Vanguard Group Inc. now owns 981,781 shares of the basic materials company’s stock worth $13,745,000 after buying an additional 78,315 shares during the last quarter. 48.28% of the stock is currently owned by hedge funds and other institutional investors.

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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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Insider Buying and Selling by Quarter for Trecora Resources (NYSE:TREC)

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