Trecora Resources (TREC) Major Shareholder Athel Fahad Mohammed Saleh Al Sells 13,933 Shares of Stock

Trecora Resources (NYSE:TREC) major shareholder Athel Fahad Mohammed Saleh Al sold 13,933 shares of the firm’s stock in a transaction dated Wednesday, October 11th. The stock was sold at an average price of $12.75, for a total value of $177,645.75. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Major shareholders that own at least 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 Thursday, October 12th, Athel Fahad Mohammed Saleh Al sold 13,100 shares of Trecora Resources stock. The stock was sold at an average price of $12.68, for a total value of $166,108.00.
  • On Tuesday, October 10th, Athel Fahad Mohammed Saleh Al sold 30,000 shares of Trecora Resources stock. The stock was sold at an average price of $12.82, for a total value of $384,600.00.
  • On Monday, October 9th, Athel Fahad Mohammed Saleh Al sold 6,734 shares of Trecora Resources stock. The stock was sold at an average price of $12.75, for a total value of $85,858.50.
  • On Friday, October 6th, Athel Fahad Mohammed Saleh Al sold 8,534 shares of Trecora Resources stock. The stock was sold at an average price of $12.98, for a total value of $110,771.32.
  • On Thursday, October 5th, Athel Fahad Mohammed Saleh Al sold 11,500 shares of Trecora Resources stock. The stock was sold at an average price of $13.18, for a total value of $151,570.00.
  • On Wednesday, October 4th, Athel Fahad Mohammed Saleh Al sold 7,000 shares of Trecora Resources stock. The stock was sold at an average price of $13.33, for a total value of $93,310.00.
  • On Tuesday, October 3rd, Athel Fahad Mohammed Saleh Al sold 20,100 shares of Trecora Resources stock. The stock was sold at an average price of $13.29, for a total value of $267,129.00.
  • On Monday, October 2nd, Athel Fahad Mohammed Saleh Al sold 16,516 shares of Trecora Resources stock. The stock was sold at an average price of $13.20, for a total value of $218,011.20.
  • On Friday, September 29th, Athel Fahad Mohammed Saleh Al sold 20,000 shares of Trecora Resources stock. The stock was sold at an average price of $13.18, for a total value of $263,600.00.
  • On Thursday, September 28th, Athel Fahad Mohammed Saleh Al sold 20,000 shares of Trecora Resources stock. The stock was sold at an average price of $12.95, for a total value of $259,000.00.

Trecora Resources (NYSE:TREC) last announced its quarterly earnings results on Thursday, August 3rd. The basic materials company reported $0.03 earnings per share for the quarter, missing analysts’ consensus estimates of $0.07 by ($0.04). Trecora Resources had a return on equity of 3.94% and a net margin of 0.97%. The company had revenue of $62.12 million during the quarter, compared to analyst estimates of $56.68 million.

COPYRIGHT VIOLATION WARNING: “Trecora Resources (TREC) Major Shareholder Athel Fahad Mohammed Saleh Al Sells 13,933 Shares of Stock” was published by TrueBlueTribune and is the sole property of of TrueBlueTribune. If you are accessing this news story on another site, it was copied illegally and republished in violation of United States & international copyright law. The original version of this news story can be viewed at https://www.truebluetribune.com/2017/10/13/trecora-resources-trec-major-shareholder-athel-fahad-mohammed-saleh-al-sells-13933-shares-of-stock.html.

Several large investors have recently made changes to their positions in TREC. Teachers Advisors LLC lifted its position in shares of Trecora Resources by 6.2% in the fourth quarter. Teachers Advisors LLC now owns 31,797 shares of the basic materials company’s stock worth $440,000 after buying an additional 1,846 shares during the last quarter. Bank of New York Mellon Corp lifted its position in shares of Trecora Resources by 1.6% in the first quarter. Bank of New York Mellon Corp now owns 121,653 shares of the basic materials company’s stock worth $1,350,000 after buying an additional 1,899 shares during the last quarter. Oxford Asset Management lifted its position in shares of Trecora Resources by 120.2% in the first quarter. Oxford Asset Management now owns 25,459 shares of the basic materials company’s stock worth $283,000 after buying an additional 13,897 shares during the last quarter. American International Group Inc. lifted its position in shares of Trecora Resources by 7.1% in the first quarter. American International Group Inc. now owns 12,221 shares of the basic materials company’s stock worth $136,000 after buying an additional 813 shares during the last quarter. Finally, Wellington Management Group LLP lifted its position in shares of Trecora Resources by 8.5% in the first quarter. Wellington Management Group LLP now owns 2,873,014 shares of the basic materials company’s stock worth $31,890,000 after buying an additional 225,893 shares during the last quarter. 41.55% of the stock is owned by institutional investors.

A number of research firms have recently commented on TREC. Zacks Investment Research upgraded Trecora Resources from a “sell” rating to a “hold” rating in a report on Thursday. B. Riley restated a “buy” rating and issued a $17.00 price objective on shares of Trecora Resources in a report on Monday, August 7th. BidaskClub downgraded Trecora Resources from a “sell” rating to a “strong sell” rating in a report on Saturday, August 5th. Finally, TheStreet upgraded Trecora Resources from a “c” rating to a “b-” rating in a report on Monday, July 17th. One analyst has rated the stock with a sell rating, one has issued a hold rating and three have issued a buy rating to the company. The company has a consensus rating of “Hold” and an average target price of $15.00.

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.

Latest News

Leave a Reply