Trecora Resources (TREC) Major Shareholder Sells $85,858.50 in Stock

Trecora Resources (NYSE:TREC) major shareholder Athel Fahad Mohammed Saleh Al sold 6,734 shares of Trecora Resources stock in a transaction that occurred on Monday, October 9th. The shares were sold at an average price of $12.75, for a total value of $85,858.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Large 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 Wednesday, October 11th, Athel Fahad Mohammed Saleh Al sold 13,933 shares of Trecora Resources stock. The shares were sold at an average price of $12.75, for a total value of $177,645.75.
  • On Tuesday, October 10th, Athel Fahad Mohammed Saleh Al sold 30,000 shares of Trecora Resources stock. The shares were sold at an average price of $12.82, for a total value of $384,600.00.
  • On Friday, October 6th, Athel Fahad Mohammed Saleh Al sold 8,534 shares of Trecora Resources stock. The shares were sold at an average price of $12.98, for a total value of $110,771.32.
  • On Thursday, October 5th, Athel Fahad Mohammed Saleh Al sold 11,500 shares of Trecora Resources stock. The shares were sold at an average price of $13.18, for a total value of $151,570.00.
  • On Wednesday, October 4th, Athel Fahad Mohammed Saleh Al sold 7,000 shares of Trecora Resources stock. The stock was sold at an average price of $13.33, for a total value of $93,310.00.
  • On Tuesday, October 3rd, Athel Fahad Mohammed Saleh Al sold 20,100 shares of Trecora Resources stock. The stock was sold at an average price of $13.29, for a total value of $267,129.00.
  • On Monday, October 2nd, Athel Fahad Mohammed Saleh Al sold 16,516 shares of Trecora Resources stock. The stock was sold at an average price of $13.20, for a total value of $218,011.20.
  • On Friday, September 29th, Athel Fahad Mohammed Saleh Al sold 20,000 shares of Trecora Resources stock. The stock was sold at an average price of $13.18, for a total value of $263,600.00.
  • On Thursday, September 28th, Athel Fahad Mohammed Saleh Al sold 20,000 shares of Trecora Resources stock. The stock was sold at an average price of $12.95, for a total value of $259,000.00.
  • On Wednesday, September 27th, Athel Fahad Mohammed Saleh Al sold 20,000 shares of Trecora Resources stock. The stock was sold at an average price of $12.65, for a total value of $253,000.00.

Trecora Resources (NYSE TREC) opened at 12.65 on Friday. The stock has a 50 day moving average price of $12.73 and a 200-day moving average price of $11.73. The firm has a market capitalization of $307.43 million, a PE ratio of 74.41 and a beta of 1.58. Trecora Resources has a 12-month low of $9.75 and a 12-month high of $14.80.

Trecora Resources (NYSE:TREC) last announced its quarterly earnings data on Thursday, August 3rd. The basic materials company reported $0.03 EPS for the quarter, missing analysts’ consensus estimates of $0.07 by ($0.04). Trecora Resources had a net margin of 0.97% and a return on equity of 3.94%. The company had revenue of $62.12 million for the quarter, compared to analyst estimates of $56.68 million. On average, equities research analysts forecast that Trecora Resources will post $0.31 EPS for the current year.

WARNING: “Trecora Resources (TREC) Major Shareholder Sells $85,858.50 in Stock” was originally published by StockNewsTimes and is the sole property of of StockNewsTimes. If you are accessing this piece on another website, it was copied illegally and republished in violation of international trademark and copyright legislation. The original version of this piece can be viewed at https://stocknewstimes.com/2017/10/13/trecora-resources-trec-major-shareholder-sells-85858-50-in-stock.html.

Several large investors have recently made changes to their positions in the company. The Manufacturers Life Insurance Company lifted its position in shares of Trecora Resources by 0.3% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 16,248 shares of the basic materials company’s stock valued at $183,000 after acquiring an additional 54 shares during the last quarter. Luzich Partners LLC lifted its position in shares of Trecora Resources by 12.0% during the 2nd quarter. Luzich Partners LLC now owns 1,005,299 shares of the basic materials company’s stock valued at $11,310,000 after acquiring an additional 107,495 shares during the last quarter. 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 valued at $3,933,000 after acquiring an additional 28,253 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 valued at $104,000 after acquiring an additional 7,827 shares during the last quarter. Finally, 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 valued at $623,000 after acquiring an additional 672 shares during the last quarter. Institutional investors own 41.55% of the company’s stock.

Several equities analysts recently issued reports on the company. Zacks Investment Research cut Trecora Resources from a “hold” rating to a “sell” rating in a report on Wednesday, October 4th. BidaskClub cut Trecora Resources from a “sell” rating to a “strong sell” rating in a report on Saturday, August 5th. B. Riley reaffirmed a “buy” rating and set a $17.00 price objective on shares of Trecora Resources in a report on Monday, August 7th. Finally, TheStreet raised Trecora Resources from a “c” rating to a “b-” rating in a report on Monday, July 17th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and three have assigned a buy rating to the company. The company has an average rating of “Hold” and a consensus target price of $15.00.

Trecora Resources Company Profile

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)

Receive News & Ratings for Trecora Resources Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Trecora Resources and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply