Trecora Resources (NYSE:TREC) CEO Simon H. Upfill-Brown purchased 5,000 shares of the business’s stock in a transaction that occurred on Monday, November 5th. The stock was bought at an average price of $9.38 per share, with a total value of $46,900.00. Following the completion of the purchase, the chief executive officer now owns 103,965 shares of the company’s stock, valued at approximately $975,191.70. The transaction was disclosed in a filing with the SEC, which is accessible through this link.
NYSE TREC traded up $0.16 on Tuesday, reaching $9.52. The company had a trading volume of 733 shares, compared to its average volume of 34,448. The company has a market capitalization of $238.74 million, a price-to-earnings ratio of 21.73 and a beta of 1.58. Trecora Resources has a fifty-two week low of $9.32 and a fifty-two week high of $15.60. The company has a quick ratio of 1.39, a current ratio of 2.03 and a debt-to-equity ratio of 0.51.
TREC has been the subject of several recent analyst reports. Zacks Investment Research cut Trecora Resources from a “hold” rating to a “sell” rating in a research note on Tuesday, August 7th. TheStreet cut Trecora Resources from a “b” rating to a “c+” rating in a research note on Thursday, October 18th.
A number of hedge funds and other institutional investors have recently bought and sold shares of TREC. Dimensional Fund Advisors LP increased its holdings in Trecora Resources by 14.0% in the first quarter. Dimensional Fund Advisors LP now owns 823,622 shares of the basic materials company’s stock valued at $11,201,000 after purchasing an additional 101,063 shares during the period. BlackRock Inc. increased its holdings in Trecora Resources by 9.8% in the second quarter. BlackRock Inc. now owns 1,057,352 shares of the basic materials company’s stock valued at $15,702,000 after purchasing an additional 94,281 shares during the period. Cadence Capital Management LLC increased its holdings in Trecora Resources by 50.0% in the second quarter. Cadence Capital Management LLC now owns 179,024 shares of the basic materials company’s stock valued at $2,659,000 after purchasing an additional 59,658 shares during the period. Wedge Capital Management L L P NC increased its holdings in Trecora Resources by 241.6% in the second quarter. Wedge Capital Management L L P NC now owns 80,130 shares of the basic materials company’s stock valued at $1,190,000 after purchasing an additional 56,671 shares during the period. Finally, Royce & Associates LP increased its holdings in Trecora Resources by 9.2% in the second quarter. Royce & Associates LP now owns 518,100 shares of the basic materials company’s stock valued at $7,694,000 after purchasing an additional 43,500 shares during the period. Institutional investors and hedge funds own 48.69% of the company’s stock.
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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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