Trecora Resources (TREC) VP Sells $109,000.00 in Stock

Trecora Resources (NYSE:TREC) VP Mark D. Williamson sold 10,000 shares of the stock in a transaction on Monday, June 5th. The shares were sold at an average price of $10.90, for a total transaction of $109,000.00. Following the transaction, the vice president now directly owns 24,277 shares in the company, valued at $264,619.30. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

Shares of Trecora Resources (TREC) traded up 0.226% during midday trading on Tuesday, hitting $11.075. 11,673 shares of the stock were exchanged. Trecora Resources has a 12-month low of $9.75 and a 12-month high of $14.80. The firm has a market cap of $268.59 million, a PE ratio of 20.173 and a beta of 1.25. The firm has a 50-day moving average price of $11.07 and a 200 day moving average price of $12.11.

Trecora Resources (NYSE:TREC) last released its quarterly earnings data on Thursday, May 4th. The basic materials company reported $0.08 EPS for the quarter, topping the consensus estimate of $0.04 by $0.04. Trecora Resources had a net margin of 9.68% and a return on equity of 7.94%. The business had revenue of $55.54 million for the quarter, compared to analyst estimates of $55.73 million. Analysts predict that Trecora Resources will post $0.45 earnings per share for the current fiscal year.

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Several large investors have recently added to or reduced their stakes in TREC. American International Group Inc. raised its stake in 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 valued at $136,000 after buying an additional 813 shares in the last quarter. Friedberg Investment Management acquired a new stake in Trecora Resources during the first quarter valued at approximately $488,000. Oxford Asset Management raised its stake in Trecora Resources by 120.2% in the first quarter. Oxford Asset Management now owns 25,459 shares of the basic materials company’s stock valued at $283,000 after buying an additional 13,897 shares in the last quarter. TFS Capital LLC acquired a new stake in Trecora Resources during the first quarter valued at approximately $113,000. Finally, Bank of New York Mellon Corp raised its stake in 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 valued at $1,350,000 after buying an additional 1,899 shares in the last quarter. Institutional investors and hedge funds own 33.06% of the company’s stock.

TREC has been the topic of several recent analyst reports. Roth Capital set a $14.00 price objective on shares of Trecora Resources and gave the company a “buy” rating in a report on Thursday, March 2nd. B. Riley reaffirmed a “buy” rating and set a $17.00 price objective on shares of Trecora Resources in a report on Monday, February 27th. Singular Research decreased their price objective on shares of Trecora Resources from $18.00 to $16.00 and set a “buy” rating on the stock in a report on Thursday, April 27th. TheStreet cut shares of Trecora Resources from a “b-” rating to a “c” rating in a research report on Wednesday, March 1st. Finally, Zacks Investment Research upgraded shares of Trecora Resources from a “strong sell” rating to a “hold” rating in a research report on Saturday, May 6th. One investment analyst has rated the stock with a hold rating and three have given a buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus price target of $15.83.

Trecora Resources Company Profile

Trecora Resources is engaged in manufacturing of specialty petrochemical products and synthetic waxes, and providing custom processing services. The Company operates through two segments: manufacturing of various specialty petrochemical products and manufacturing of specialty synthetic waxes. The specialty petrochemical products segment operates through South Hampton Resources, Inc (SHR).

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