Athel Fahad Mohammed Saleh Al Sells 12,868 Shares of Trecora Resources (TREC) Stock

Trecora Resources (NYSE:TREC) major shareholder Athel Fahad Mohammed Saleh Al sold 12,868 shares of the stock in a transaction dated Monday, November 20th. The shares were sold at an average price of $12.21, for a total transaction of $157,118.28. Following the completion of the transaction, the insider now directly owns 3,344,425 shares in the company, valued at $40,835,429.25. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Major shareholders that own 10% or more of a company’s stock 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, November 29th, Athel Fahad Mohammed Saleh Al sold 30,000 shares of Trecora Resources stock. The stock was sold at an average price of $12.29, for a total transaction of $368,700.00.
  • On Monday, November 27th, Athel Fahad Mohammed Saleh Al sold 740 shares of Trecora Resources stock. The stock was sold at an average price of $12.20, for a total transaction of $9,028.00.
  • On Friday, November 24th, Athel Fahad Mohammed Saleh Al sold 120 shares of Trecora Resources stock. The stock was sold at an average price of $12.20, for a total transaction of $1,464.00.
  • On Wednesday, November 22nd, Athel Fahad Mohammed Saleh Al sold 23,682 shares of Trecora Resources stock. The stock was sold at an average price of $12.26, for a total transaction of $290,341.32.
  • On Thursday, November 16th, Athel Fahad Mohammed Saleh Al sold 1,370 shares of Trecora Resources stock. The stock was sold at an average price of $12.21, for a total transaction of $16,727.70.
  • On Monday, November 6th, Athel Fahad Mohammed Saleh Al sold 5,183 shares of Trecora Resources stock. The stock was 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 stock was 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 stock was 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.

Trecora Resources (NYSE:TREC) opened at $12.60 on Friday. The stock has a market cap of $317.20, a P/E ratio of 52.20 and a beta of 1.47. Trecora Resources has a fifty-two week low of $10.13 and a fifty-two week high of $14.80. The company has a quick ratio of 1.21, a current ratio of 1.66 and a debt-to-equity ratio of 0.48.

A number of equities research analysts have issued reports on the stock. Zacks Investment Research downgraded shares of Trecora Resources from a “hold” rating to a “sell” rating in a research note on Wednesday, October 4th. B. Riley restated a “buy” rating and issued a $16.00 price target (down from $17.00) on shares of Trecora Resources in a research note on Wednesday, November 8th. Finally, TheStreet downgraded shares of Trecora Resources from a “b-” rating to a “c+” rating in a research note on Friday, November 10th. 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. Trecora Resources currently has a consensus rating of “Hold” and a consensus target price of $14.75.

Hedge funds and other institutional investors have recently modified their holdings of the stock. Bank of New York Mellon Corp raised its holdings in Trecora Resources by 1.6% during the 1st quarter. Bank of New York Mellon Corp now owns 121,653 shares of the basic materials company’s stock worth $1,350,000 after purchasing an additional 1,899 shares during the last quarter. American International Group Inc. raised its holdings in Trecora Resources by 7.1% during the 1st quarter. American International Group Inc. now owns 12,221 shares of the basic materials company’s stock worth $136,000 after purchasing an additional 813 shares during the last quarter. Vanguard Group Inc. raised its holdings in Trecora Resources by 2.5% during the 1st quarter. Vanguard Group Inc. now owns 558,376 shares of the basic materials company’s stock worth $6,198,000 after purchasing an additional 13,585 shares during the last quarter. Geode Capital Management LLC raised its holdings in Trecora Resources by 2.8% during the 1st quarter. Geode Capital Management LLC now owns 142,410 shares of the basic materials company’s stock worth $1,580,000 after purchasing an additional 3,889 shares during the last quarter. Finally, Dimensional Fund Advisors LP raised its holdings in Trecora Resources by 2.5% during the 1st 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 last quarter. Institutional investors and hedge funds own 42.73% of the company’s stock.

COPYRIGHT VIOLATION NOTICE: “Athel Fahad Mohammed Saleh Al Sells 12,868 Shares of Trecora Resources (TREC) Stock” was originally published by The Lincolnian Online and is the sole property of of The Lincolnian Online. If you are reading this story on another website, it was illegally stolen and reposted in violation of United States and international copyright law. The correct version of this story can be accessed at https://www.thelincolnianonline.com/2017/12/08/trecora-resources-trec-major-shareholder-athel-fahad-mohammed-saleh-al-sells-12868-shares-of-stock-updated-updated.html.

About Trecora Resources

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.

Leave a Reply