Insider Selling: Trecora Resources (TREC) Major Shareholder Sells 8,247 Shares of Stock

Trecora Resources (NYSE:TREC) major shareholder Athel Fahad Mohammed Saleh Al sold 8,247 shares of the firm’s stock in a transaction that occurred on Friday, April 12th. The stock was sold at an average price of $9.15, for a total transaction of $75,460.05. Following the sale, the insider now owns 3,035,274 shares in the company, valued at $27,772,757.10. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Major shareholders that own more than 10% of a company’s stock are required to disclose their transactions with the SEC.

Athel Fahad Mohammed Saleh Al also recently made the following trade(s):

  • On Wednesday, April 10th, Athel Fahad Mohammed Saleh Al sold 2,220 shares of Trecora Resources stock. The stock was sold at an average price of $9.10, for a total transaction of $20,202.00.
  • On Monday, April 8th, Athel Fahad Mohammed Saleh Al sold 10,772 shares of Trecora Resources stock. The stock was sold at an average price of $9.17, for a total transaction of $98,779.24.

Shares of TREC stock opened at $9.35 on Tuesday. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.31 and a current ratio of 1.87. Trecora Resources has a 52 week low of $6.69 and a 52 week high of $15.60.



Trecora Resources (NYSE:TREC) last announced its earnings results on Wednesday, March 6th. The basic materials company reported ($0.14) EPS for the quarter, missing the consensus estimate of $0.06 by ($0.20). The company had revenue of $74.67 million for the quarter, compared to analyst estimates of $78.85 million. Trecora Resources had a positive return on equity of 0.12% and a negative net margin of 0.81%. Equities research analysts forecast that Trecora Resources will post 0.13 earnings per share for the current year.

A number of hedge funds have recently made changes to their positions in TREC. Bank of New York Mellon Corp raised its holdings in Trecora Resources by 8.1% during the 3rd quarter. Bank of New York Mellon Corp now owns 84,824 shares of the basic materials company’s stock worth $1,188,000 after buying an additional 6,352 shares during the period. BlackRock Inc. raised its holdings in shares of Trecora Resources by 1.0% in the third quarter. BlackRock Inc. now owns 1,067,547 shares of the basic materials company’s stock valued at $14,946,000 after purchasing an additional 10,195 shares during the last quarter. Dimensional Fund Advisors LP raised its holdings in shares of Trecora Resources by 7.2% in the third quarter. Dimensional Fund Advisors LP now owns 964,750 shares of the basic materials company’s stock valued at $13,506,000 after purchasing an additional 65,188 shares during the last quarter. MetLife Investment Advisors LLC raised its holdings in shares of Trecora Resources by 65.1% in the third quarter. MetLife Investment Advisors LLC now owns 17,863 shares of the basic materials company’s stock valued at $250,000 after purchasing an additional 7,044 shares during the last quarter. Finally, Vanguard Group Inc. raised its holdings in shares of Trecora Resources by 8.7% in the third quarter. Vanguard Group Inc. now owns 981,781 shares of the basic materials company’s stock valued at $13,745,000 after purchasing an additional 78,315 shares during the last quarter. Hedge funds and other institutional investors own 48.28% of the company’s stock.

Several analysts have commented on TREC shares. B. Riley started coverage on shares of Trecora Resources in a report on Tuesday, March 5th. They set a “buy” rating and a $14.00 target price on the stock. Zacks Investment Research downgraded shares of Trecora Resources from a “hold” rating to a “sell” rating in a report on Wednesday, March 13th.

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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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Insider Buying and Selling by Quarter for Trecora Resources (NYSE:TREC)

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