Bank of New York Mellon Corp Sells 1,285 Shares of Trecora Resources (NYSE:TREC)

Bank of New York Mellon Corp lowered its holdings in shares of Trecora Resources (NYSE:TREC) by 1.4% in the second quarter, HoldingsChannel reports. The firm owned 92,368 shares of the basic materials company’s stock after selling 1,285 shares during the period. Bank of New York Mellon Corp’s holdings in Trecora Resources were worth $884,000 as of its most recent filing with the SEC.

A number of other institutional investors have also bought and sold shares of the stock. Charles Schwab Investment Management Inc. lifted its position in Trecora Resources by 32.7% during the second quarter. Charles Schwab Investment Management Inc. now owns 53,339 shares of the basic materials company’s stock worth $511,000 after acquiring an additional 13,139 shares during the last quarter. Dimensional Fund Advisors LP lifted its position in Trecora Resources by 9.5% during the fourth quarter. Dimensional Fund Advisors LP now owns 1,056,755 shares of the basic materials company’s stock worth $8,243,000 after acquiring an additional 92,005 shares during the last quarter. Tieton Capital Management LLC lifted its position in Trecora Resources by 5.4% during the second quarter. Tieton Capital Management LLC now owns 496,715 shares of the basic materials company’s stock worth $4,754,000 after acquiring an additional 25,450 shares during the last quarter. JPMorgan Chase & Co. lifted its position in Trecora Resources by 233.4% during the second quarter. JPMorgan Chase & Co. now owns 16,862 shares of the basic materials company’s stock worth $158,000 after acquiring an additional 11,804 shares during the last quarter. Finally, Ridgewood Investments LLC lifted its position in Trecora Resources by 35.8% during the second quarter. Ridgewood Investments LLC now owns 24,500 shares of the basic materials company’s stock worth $234,000 after acquiring an additional 6,464 shares during the last quarter. Institutional investors and hedge funds own 47.59% of the company’s stock.

Shares of TREC stock opened at $8.89 on Friday. The firm has a 50 day moving average price of $8.98 and a two-hundred day moving average price of $9.31. The company has a quick ratio of 1.56, a current ratio of 2.17 and a debt-to-equity ratio of 0.56. The company has a market capitalization of $219.22 million, a PE ratio of 887.00 and a beta of 1.24. Trecora Resources has a 12-month low of $6.69 and a 12-month high of $13.08.



Trecora Resources (NYSE:TREC) last issued its quarterly earnings data on Monday, August 5th. The basic materials company reported $0.10 earnings per share (EPS) for the quarter. The firm had revenue of $69.37 million during the quarter, compared to the consensus estimate of $68.05 million. Trecora Resources had a negative net margin of 0.97% and a positive return on equity of 0.16%. As a group, research analysts expect that Trecora Resources will post 0.24 EPS for the current year.

In other news, major shareholder Athel Fahad Mohammed Saleh Al sold 21,521 shares of Trecora Resources stock in a transaction that occurred on Wednesday, July 24th. The shares were sold at an average price of $9.61, for a total value of $206,816.81. Following the completion of the sale, the insider now directly owns 2,642,087 shares in the company, valued at $25,390,456.07. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Over the last quarter, insiders sold 192,994 shares of company stock valued at $1,795,545. 3.92% of the stock is owned by company insiders.

TREC has been the subject of several research reports. Roth Capital restated a “buy” rating on shares of Trecora Resources in a research report on Tuesday, August 6th. ValuEngine upgraded shares of Trecora Resources from a “hold” rating to a “buy” rating in a research report on Wednesday, October 2nd. One analyst has rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. The company has an average rating of “Buy” and an average price target of $14.00.

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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Institutional Ownership by Quarter for Trecora Resources (NYSE:TREC)

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