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.
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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