Dimensional Fund Advisors LP raised its holdings in Trecora Resources (NYSE:TREC) by 9.5% in the fourth quarter, HoldingsChannel.com reports. The firm owned 1,056,755 shares of the basic materials company’s stock after purchasing an additional 92,005 shares during the quarter. Dimensional Fund Advisors LP’s holdings in Trecora Resources were worth $8,243,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other hedge funds and other institutional investors have also bought and sold shares of TREC. Bank of New York Mellon Corp raised its holdings in Trecora Resources by 8.1% during the third quarter. Bank of New York Mellon Corp now owns 84,824 shares of the basic materials company’s stock worth $1,188,000 after purchasing an additional 6,352 shares during the last quarter. Vanguard Group Inc. increased its position 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 in the last quarter. Rhumbline Advisers increased its position in Trecora Resources by 43.5% during the fourth quarter. Rhumbline Advisers now owns 29,777 shares of the basic materials company’s stock worth $232,000 after buying an additional 9,030 shares in the last quarter. Oregon Public Employees Retirement Fund purchased a new position in Trecora Resources during the fourth quarter worth $90,000. Finally, Monarch Partners Asset Management LLC increased its position in Trecora Resources by 3.4% during the fourth quarter. Monarch Partners Asset Management LLC now owns 63,615 shares of the basic materials company’s stock worth $496,000 after buying an additional 2,120 shares in the last quarter. 49.15% of the stock is owned by hedge funds and other institutional investors.
Several research firms have weighed in on TREC. Zacks Investment Research raised Trecora Resources from a “strong sell” rating to a “hold” rating in a research report on Wednesday, May 8th. B. Riley began coverage on Trecora Resources in a research report on Tuesday, March 5th. They set a “buy” rating and a $14.00 price target for the company.
Trecora Resources stock opened at $9.56 on Friday. The company has a debt-to-equity ratio of 0.60, a quick ratio of 1.48 and a current ratio of 2.15. Trecora Resources has a fifty-two week low of $6.69 and a fifty-two week high of $15.60.
Trecora Resources (NYSE:TREC) last released its quarterly earnings results on Monday, May 6th. The basic materials company reported $0.07 earnings per share for the quarter, topping the consensus estimate of ($0.05) by $0.12. The company had revenue of $65.16 million during the quarter, compared to the consensus estimate of $71.10 million. Trecora Resources had a negative return on equity of 0.07% and a negative net margin of 1.04%. Analysts expect that Trecora Resources will post 0.14 EPS for the current fiscal year.
In other Trecora Resources news, CEO Patrick D. Quarles acquired 7,010 shares of the stock in a transaction dated Monday, April 15th. The stock was acquired at an average price of $9.32 per share, with a total value of $65,333.20. Following the completion of the transaction, the chief executive officer now directly owns 27,010 shares in the company, valued at $251,733.20. The purchase was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, major shareholder Athel Fahad Mohammed Saleh Al sold 30,000 shares of Trecora Resources stock in a transaction on Tuesday, June 11th. The shares were sold at an average price of $9.71, for a total value of $291,300.00. Following the completion of the sale, the insider now directly owns 2,745,292 shares of the company’s stock, valued at approximately $26,656,785.32. The disclosure for this sale can be found here. In the last three months, insiders have acquired 105,513 shares of company stock valued at $1,009,319 and have sold 233,691 shares valued at $2,263,604. Company insiders own 3.92% of the company’s stock.
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About Trecora Resources
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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