Athel Fahad Mohammed Saleh Al Sells 30,000 Shares of Trecora Resources (TREC) Stock

Trecora Resources (NYSE:TREC) major shareholder Athel Fahad Mohammed Saleh Al sold 30,000 shares of the stock in a transaction that occurred on Monday, October 23rd. The stock was sold at an average price of $12.41, for a total transaction of $372,300.00. Following the completion of the sale, the insider now owns 3,492,170 shares in the company, valued at $43,337,829.70. The transaction was disclosed in a filing with the SEC, which is available through this link. Major shareholders that own at least 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 Monday, November 6th, Athel Fahad Mohammed Saleh Al sold 5,183 shares of Trecora Resources stock. The shares were sold at an average price of $12.31, for a total transaction of $63,802.73.
  • On Friday, November 3rd, Athel Fahad Mohammed Saleh Al sold 7,768 shares of Trecora Resources stock. The shares were sold at an average price of $12.34, for a total transaction of $95,857.12.
  • On Wednesday, November 1st, Athel Fahad Mohammed Saleh Al sold 10,518 shares of Trecora Resources stock. The shares were sold at an average price of $12.34, for a total transaction 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 transaction 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 transaction 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 transaction of $135,360.75.
  • 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 transaction 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 transaction of $156,624.16.
  • On Monday, October 16th, Athel Fahad Mohammed Saleh Al sold 12,416 shares of Trecora Resources stock. The shares were sold at an average price of $12.67, for a total transaction of $157,310.72.
  • On Friday, October 13th, Athel Fahad Mohammed Saleh Al sold 16,734 shares of Trecora Resources stock. The shares were sold at an average price of $12.84, for a total transaction of $214,864.56.

Trecora Resources (TREC) traded down $0.05 on Friday, hitting $11.55. 64,100 shares of the stock traded hands, compared to its average volume of 46,611. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.66 and a quick ratio of 1.30. The stock has a market capitalization of $279.53, a PE ratio of 46.40 and a beta of 1.48. Trecora Resources has a 1 year low of $10.13 and a 1 year high of $14.80.

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A number of research analysts recently issued reports on TREC shares. TheStreet raised shares of Trecora Resources from a “c” rating to a “b-” rating in a research report on Monday, July 17th. Zacks Investment Research cut shares of Trecora Resources from a “hold” rating to a “sell” rating in a report on Wednesday, October 4th. BidaskClub cut shares of Trecora Resources from a “sell” rating to a “strong sell” rating in a report on Saturday, August 5th. Finally, B. Riley reaffirmed a “buy” rating and issued a $17.00 target price on shares of Trecora Resources in a report on Monday, August 7th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and three have issued a buy rating to the company. The company presently has an average rating of “Hold” and an average target price of $14.75.

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Vanguard Group Inc. grew its position in Trecora Resources by 2.5% during the first quarter. Vanguard Group Inc. now owns 558,376 shares of the basic materials company’s stock valued at $6,198,000 after buying an additional 13,585 shares during the period. Bank of New York Mellon Corp boosted its position in shares of Trecora Resources by 17.6% in the second quarter. Bank of New York Mellon Corp now owns 143,060 shares of the basic materials company’s stock worth $1,610,000 after purchasing an additional 21,407 shares during the period. Ironwood Investment Management LLC bought a new position in shares of Trecora Resources in the second quarter worth approximately $375,000. Monarch Partners Asset Management LLC bought a new position in shares of Trecora Resources in the third quarter worth approximately $508,000. Finally, Dimensional Fund Advisors LP boosted its position in shares of Trecora Resources by 2.5% in the first quarter. Dimensional Fund Advisors LP now owns 671,410 shares of the basic materials company’s stock worth $7,453,000 after purchasing an additional 16,452 shares during the period. Institutional investors own 41.28% of the company’s stock.

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)

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