Athel Fahad Mohammed Saleh Al Sells 60,000 Shares of Trecora Resources (NYSE:TREC) Stock

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Trecora Resources (NYSE:TREC) major shareholder Athel Fahad Mohammed Saleh Al sold 60,000 shares of the company’s stock in a transaction on Friday, September 13th. The shares were sold at an average price of $9.09, for a total value of $545,400.00. Large 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 Monday, September 9th, Athel Fahad Mohammed Saleh Al sold 18,167 shares of Trecora Resources stock. The stock was sold at an average price of $9.01, for a total value of $163,684.67.
  • On Wednesday, September 11th, Athel Fahad Mohammed Saleh Al sold 30,000 shares of Trecora Resources stock. The stock was sold at an average price of $9.04, for a total value of $271,200.00.
  • On Thursday, August 1st, Athel Fahad Mohammed Saleh Al sold 13,176 shares of Trecora Resources stock. The stock was sold at an average price of $9.61, for a total value of $126,621.36.
  • On Monday, July 29th, Athel Fahad Mohammed Saleh Al sold 8,592 shares of Trecora Resources stock. The stock was sold at an average price of $9.60, for a total value of $82,483.20.
  • On Friday, July 26th, Athel Fahad Mohammed Saleh Al sold 28,712 shares of Trecora Resources stock. The stock was sold at an average price of $9.62, for a total value of $276,209.44.
  • On Wednesday, July 24th, Athel Fahad Mohammed Saleh Al sold 21,521 shares of Trecora Resources stock. The stock was sold at an average price of $9.61, for a total value of $206,816.81.
  • On Monday, July 22nd, Athel Fahad Mohammed Saleh Al sold 400 shares of Trecora Resources stock. The stock was sold at an average price of $9.60, for a total value of $3,840.00.
  • On Friday, July 19th, Athel Fahad Mohammed Saleh Al sold 125 shares of Trecora Resources stock. The stock was sold at an average price of $9.60, for a total value of $1,200.00.
  • On Monday, July 15th, Athel Fahad Mohammed Saleh Al sold 12,301 shares of Trecora Resources stock. The stock was sold at an average price of $9.60, for a total value of $118,089.60.
  • On Friday, July 12th, Athel Fahad Mohammed Saleh Al sold 12,885 shares of Trecora Resources stock. The stock was sold at an average price of $9.61, for a total value of $123,824.85.

Shares of NYSE TREC traded down $0.06 during mid-day trading on Tuesday, reaching $9.08. 43 shares of the company’s stock were exchanged, compared to its average volume of 40,979. The firm has a market capitalization of $228.86 million, a price-to-earnings ratio of 926.00 and a beta of 1.25. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.56 and a current ratio of 2.17. Trecora Resources has a 52-week low of $6.69 and a 52-week high of $14.45. The company’s 50-day moving average is $9.06 and its 200-day moving average is $9.35.

Trecora Resources (NYSE:TREC) last released its quarterly earnings results on Monday, August 5th. The basic materials company reported $0.10 earnings per share for the quarter. The business had revenue of $69.37 million during the quarter, compared to analysts’ expectations of $68.05 million. Trecora Resources had a positive return on equity of 0.16% and a negative net margin of 0.97%. As a group, equities analysts predict that Trecora Resources will post 0.24 earnings per share for the current fiscal year.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Renaissance Technologies LLC lifted its stake in Trecora Resources by 2.3% during the 2nd quarter. Renaissance Technologies LLC now owns 52,985 shares of the basic materials company’s stock worth $507,000 after acquiring an additional 1,200 shares in the last quarter. BNP Paribas Arbitrage SA lifted its stake in Trecora Resources by 503.8% during the 1st quarter. BNP Paribas Arbitrage SA now owns 4,341 shares of the basic materials company’s stock worth $39,000 after acquiring an additional 3,622 shares in the last quarter. Bank of America Corp DE lifted its stake in Trecora Resources by 56.0% during the 4th quarter. Bank of America Corp DE now owns 14,136 shares of the basic materials company’s stock worth $111,000 after acquiring an additional 5,076 shares in the last quarter. Ridgewood Investments LLC lifted its stake in Trecora Resources by 35.8% during the 2nd 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 in the last quarter. Finally, Northern Trust Corp lifted its stake in Trecora Resources by 3.4% during the 2nd quarter. Northern Trust Corp now owns 255,488 shares of the basic materials company’s stock worth $2,445,000 after acquiring an additional 8,470 shares in the last quarter. Institutional investors and hedge funds own 47.59% of the company’s stock.

Separately, Roth Capital reiterated a “buy” rating on shares of Trecora Resources in a report on Tuesday, August 6th.

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

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