Trecora Resources (NYSE:TREC) Position Boosted by California Public Employees Retirement System

California Public Employees Retirement System grew its stake in Trecora Resources (NYSE:TREC) by 9.4% in the 2nd quarter, according to its most recent filing with the SEC. The firm owned 48,691 shares of the basic materials company’s stock after buying an additional 4,191 shares during the quarter. California Public Employees Retirement System owned 0.20% of Trecora Resources worth $723,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Wells Fargo & Company MN lifted its stake in Trecora Resources by 11.4% during the first quarter. Wells Fargo & Company MN now owns 49,320 shares of the basic materials company’s stock worth $671,000 after purchasing an additional 5,050 shares during the last quarter. Schwab Charles Investment Management Inc. lifted its stake in Trecora Resources by 15.3% during the second quarter. Schwab Charles Investment Management Inc. now owns 40,945 shares of the basic materials company’s stock worth $609,000 after purchasing an additional 5,445 shares during the last quarter. Luzich Partners LLC lifted its stake in Trecora Resources by 0.8% during the second quarter. Luzich Partners LLC now owns 1,180,009 shares of the basic materials company’s stock worth $17,523,000 after purchasing an additional 9,740 shares during the last quarter. Acadian Asset Management LLC purchased a new stake in Trecora Resources during the second quarter worth approximately $378,000. Finally, Rutabaga Capital Management LLC MA lifted its stake in Trecora Resources by 7.7% during the second quarter. Rutabaga Capital Management LLC MA now owns 456,641 shares of the basic materials company’s stock worth $6,781,000 after purchasing an additional 32,501 shares during the last quarter. Institutional investors and hedge funds own 47.57% of the company’s stock.

NYSE TREC traded up $0.12 on Monday, reaching $9.42. The stock had a trading volume of 116,100 shares, compared to its average volume of 43,558. The company has a current ratio of 2.31, a quick ratio of 1.58 and a debt-to-equity ratio of 0.54. Trecora Resources has a 12-month low of $7.94 and a 12-month high of $15.60. The stock has a market cap of $228.00 million, a P/E ratio of 21.27 and a beta of 1.51.

A number of equities research analysts have weighed in on TREC shares. Zacks Investment Research cut Trecora Resources from a “hold” rating to a “sell” rating in a research note on Tuesday, August 7th. TheStreet cut Trecora Resources from a “b” rating to a “c+” rating in a research note on Thursday, October 18th.

In other Trecora Resources news, insider Peter Matthews Loggenberg acquired 3,945 shares of the company’s stock in a transaction that occurred on Monday, November 5th. The shares were purchased at an average price of $9.60 per share, with a total value of $37,872.00. Following the completion of the acquisition, the insider now directly owns 30,969 shares of the company’s stock, valued at approximately $297,302.40. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Simon H. Upfill-Brown acquired 5,000 shares of the company’s stock in a transaction that occurred on Monday, November 5th. The shares were acquired at an average cost of $9.38 per share, for a total transaction of $46,900.00. Following the acquisition, the chief executive officer now directly owns 103,965 shares of the company’s stock, valued at $975,191.70. The disclosure for this purchase can be found here. Insiders own 6.40% of the company’s stock.

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Trecora Resources 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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