Schwab Charles Investment Management Inc. Boosts Stake in Trecora Resources (TREC)

Schwab Charles Investment Management Inc. grew its position in Trecora Resources (NYSE:TREC) by 29.6% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 35,500 shares of the basic materials company’s stock after purchasing an additional 8,100 shares during the quarter. Schwab Charles Investment Management Inc. owned about 0.15% of Trecora Resources worth $480,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of the company. Luzich Partners LLC grew its position in shares of Trecora Resources by 10.0% in the third quarter. Luzich Partners LLC now owns 1,105,494 shares of the basic materials company’s stock valued at $14,703,000 after purchasing an additional 100,195 shares during the last quarter. Algert Global LLC acquired a new position in shares of Trecora Resources in the third quarter valued at approximately $353,000. Wells Fargo & Company MN grew its position in shares of Trecora Resources by 17.4% in the third quarter. Wells Fargo & Company MN now owns 39,319 shares of the basic materials company’s stock valued at $523,000 after purchasing an additional 5,839 shares during the last quarter. Bank of New York Mellon Corp grew its position in shares of Trecora Resources by 23.6% in the third quarter. Bank of New York Mellon Corp now owns 176,834 shares of the basic materials company’s stock valued at $2,352,000 after purchasing an additional 33,774 shares during the last quarter. Finally, The Manufacturers Life Insurance Company grew its position in shares of Trecora Resources by 0.3% in the second quarter. The Manufacturers Life Insurance Company now owns 16,248 shares of the basic materials company’s stock valued at $183,000 after purchasing an additional 54 shares during the last quarter. 44.79% of the stock is currently owned by institutional investors.

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TREC has been the topic of several research reports. B. Riley reaffirmed a “buy” rating on shares of Trecora Resources in a research report on Tuesday, March 6th. Zacks Investment Research raised Trecora Resources from a “hold” rating to a “buy” rating and set a $12.00 target price on the stock in a research report on Friday, March 9th. One analyst has rated the stock with a sell rating and three have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average target price of $14.67.

In related news, insider Nicholas Carter sold 10,000 shares of the stock in a transaction that occurred on Tuesday, March 13th. The stock was sold at an average price of $13.74, for a total transaction of $137,400.00. Following the sale, the insider now owns 477,536 shares of the company’s stock, valued at $6,561,344.64. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, major shareholder Athel Fahad Mohammed Saleh Al sold 30,000 shares of the stock in a transaction that occurred on Friday, February 9th. The stock was sold at an average price of $12.82, for a total value of $384,600.00. Following the sale, the insider now directly owns 3,163,565 shares in the company, valued at approximately $40,556,903.30. The disclosure for this sale can be found here. Insiders have sold 144,553 shares of company stock worth $1,848,478 in the last three months. 6.60% of the stock is currently owned by company insiders.

Shares of NYSE:TREC opened at $13.60 on Friday. The company has a market cap of $330.56, a P/E ratio of 45.33 and a beta of 1.60. Trecora Resources has a 1 year low of $10.13 and a 1 year high of $14.30. The company has a debt-to-equity ratio of 0.49, a quick ratio of 1.23 and a current ratio of 1.82.

Trecora Resources (NYSE:TREC) last issued its quarterly earnings results on Wednesday, March 7th. The basic materials company reported $0.12 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.09 by $0.03. The business had revenue of $65.98 million for the quarter, compared to the consensus estimate of $59.67 million. Trecora Resources had a return on equity of 4.42% and a net margin of 7.35%. analysts anticipate that Trecora Resources will post 0.81 EPS for the current fiscal year.

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Trecora Resources Company Profile

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.

Institutional Ownership by Quarter for Trecora Resources (NYSE:TREC)

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