Trecora Resources (TREC) CEO Acquires $49,888.93 in Stock

Trecora Resources (NYSE:TREC) CEO Patrick D. Quarles purchased 5,257 shares of Trecora Resources stock in a transaction on Monday, May 6th. The stock was bought at an average cost of $9.49 per share, with a total value of $49,888.93. Following the transaction, the chief executive officer now directly owns 55,257 shares of the company’s stock, valued at $524,388.93. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

Shares of Trecora Resources stock traded up $0.04 during trading on Friday, reaching $9.86. The company’s stock had a trading volume of 806 shares, compared to its average volume of 46,103. The company has a current ratio of 1.87, a quick ratio of 1.31 and a debt-to-equity ratio of 0.53. Trecora Resources has a one year low of $6.69 and a one year high of $15.60.

Trecora Resources (NYSE:TREC) last posted its quarterly earnings data on Monday, May 6th. The basic materials company reported $0.07 EPS for the quarter, topping analysts’ consensus estimates of ($0.05) by $0.12. The business had revenue of $65.16 million for the quarter, compared to analyst estimates of $71.10 million. Trecora Resources had a positive return on equity of 0.12% and a negative net margin of 0.81%. As a group, research analysts predict that Trecora Resources will post 0.13 earnings per share for the current year.

Institutional investors have recently bought and sold shares of the company. Monarch Partners Asset Management LLC increased its stake in Trecora Resources by 3.4% during the fourth quarter. Monarch Partners Asset Management LLC now owns 63,615 shares of the basic materials company’s stock valued at $496,000 after acquiring an additional 2,120 shares during the period. BNP Paribas Arbitrage SA grew its stake in shares of Trecora Resources by 503.8% in the 1st quarter. BNP Paribas Arbitrage SA now owns 4,341 shares of the basic materials company’s stock valued at $39,000 after purchasing an additional 3,622 shares during the period. Bank of America Corp DE grew its stake in shares of Trecora Resources by 56.0% in the 4th quarter. Bank of America Corp DE now owns 14,136 shares of the basic materials company’s stock valued at $111,000 after purchasing an additional 5,076 shares during the period. First Trust Advisors LP grew its stake in shares of Trecora Resources by 18.8% in the 4th quarter. First Trust Advisors LP now owns 37,120 shares of the basic materials company’s stock valued at $290,000 after purchasing an additional 5,879 shares during the period. Finally, Bank of New York Mellon Corp grew its stake in shares of Trecora Resources by 8.1% in the 3rd quarter. Bank of New York Mellon Corp now owns 84,824 shares of the basic materials company’s stock valued at $1,188,000 after purchasing an additional 6,352 shares during the period. Institutional investors and hedge funds own 48.36% of the company’s stock.

A number of research firms have recently commented on TREC. Zacks Investment Research upgraded Trecora Resources from a “strong sell” rating to a “hold” rating in a research note on Wednesday. B. Riley began coverage on Trecora Resources in a research note on Tuesday, March 5th. They issued a “buy” rating and a $14.00 price objective on the stock.

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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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