Trecora Resources (TREC) Major Shareholder Athel Fahad Mohammed Saleh Al Sells 23,793 Shares of Stock

Trecora Resources (NYSE:TREC) major shareholder Athel Fahad Mohammed Saleh Al sold 23,793 shares of Trecora Resources stock in a transaction on Monday, February 12th. The shares were sold at an average price of $12.74, for a total value of $303,122.82. Following the completion of the transaction, the insider now directly owns 3,139,772 shares of the company’s stock, valued at $40,000,695.28. The sale was disclosed in a legal filing with the SEC, which is available through this link. Major shareholders that own more than 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 Friday, February 9th, 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, February 2nd, Athel Fahad Mohammed Saleh Al sold 31,463 shares of Trecora Resources stock. The shares were sold at an average price of $13.23, for a total value of $416,255.49.
  • On Wednesday, November 29th, Athel Fahad Mohammed Saleh Al sold 30,000 shares of Trecora Resources stock. The shares were sold at an average price of $12.29, for a total value of $368,700.00.
  • On Monday, November 27th, Athel Fahad Mohammed Saleh Al sold 740 shares of Trecora Resources stock. The shares were sold at an average price of $12.20, for a total value of $9,028.00.
  • On Friday, November 24th, Athel Fahad Mohammed Saleh Al sold 120 shares of Trecora Resources stock. The shares were sold at an average price of $12.20, for a total value of $1,464.00.
  • On Wednesday, November 22nd, Athel Fahad Mohammed Saleh Al sold 23,682 shares of Trecora Resources stock. The shares were sold at an average price of $12.26, for a total value of $290,341.32.
  • On Monday, November 20th, Athel Fahad Mohammed Saleh Al sold 12,868 shares of Trecora Resources stock. The shares were sold at an average price of $12.21, for a total value of $157,118.28.
  • On Thursday, November 16th, Athel Fahad Mohammed Saleh Al sold 1,370 shares of Trecora Resources stock. The shares were sold at an average price of $12.21, for a total value of $16,727.70.

Trecora Resources (TREC) opened at $12.40 on Wednesday. The company has a current ratio of 1.66, a quick ratio of 1.21 and a debt-to-equity ratio of 0.48. Trecora Resources has a fifty-two week low of $10.13 and a fifty-two week high of $14.30. The company has a market capitalization of $306.26, a price-to-earnings ratio of 50.40 and a beta of 1.48.

Institutional investors have recently bought and sold shares of the company. Citigroup Inc. raised its holdings 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 worth $104,000 after buying an additional 7,827 shares in the last quarter. Alliancebernstein L.P. acquired a new position in shares of Trecora Resources during the 2nd quarter worth $147,000. The Manufacturers Life Insurance Company raised its holdings 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 worth $183,000 after buying an additional 54 shares in the last quarter. First Quadrant L P CA acquired a new position in shares of Trecora Resources during the 3rd quarter worth $207,000. Finally, Unison Advisors LLC acquired a new position in shares of Trecora Resources during the 4th quarter worth $293,000. 43.13% of the stock is owned by institutional investors.

Several equities analysts have weighed in on the company. Zacks Investment Research cut Trecora Resources from a “hold” rating to a “sell” rating in a report on Saturday, January 20th. TheStreet cut Trecora Resources from a “b-” rating to a “c+” rating in a report on Friday, November 10th. Finally, B. Riley reaffirmed a “buy” rating and issued a $16.00 price objective (down from $17.00) on shares of Trecora Resources in a report on Wednesday, November 8th. Two equities research analysts have rated the stock with a sell rating and three have assigned a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average target price of $14.75.

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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)

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