Trecora Resources (NYSE:TREC) is Luzich Partners LLC’s Largest Position

Luzich Partners LLC boosted its stake in shares of Trecora Resources (NYSE:TREC) by 10.0% during the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 1,105,494 shares of the basic materials company’s stock after buying an additional 100,195 shares during the period. Trecora Resources makes up approximately 12.4% of Luzich Partners LLC’s holdings, making the stock its largest holding. Luzich Partners LLC owned approximately 4.55% of Trecora Resources worth $14,703,000 at the end of the most recent reporting period.

A number of other large investors also recently added to or reduced their stakes in TREC. Algert Global LLC bought a new position in shares of Trecora Resources during the 3rd quarter worth $353,000. Wells Fargo & Company MN grew its position in shares of Trecora Resources by 17.4% during the 3rd quarter. Wells Fargo & Company MN now owns 39,319 shares of the basic materials company’s stock worth $523,000 after buying an additional 5,839 shares in the last quarter. Bank of New York Mellon Corp grew its position in shares of Trecora Resources by 23.6% during the 3rd quarter. Bank of New York Mellon Corp now owns 176,834 shares of the basic materials company’s stock worth $2,352,000 after buying an additional 33,774 shares in the last quarter. Monarch Partners Asset Management LLC bought a new position in shares of Trecora Resources during the 3rd quarter worth $508,000. Finally, Ironwood Investment Management LLC lifted its stake in shares of Trecora Resources by 22.0% during the 3rd quarter. Ironwood Investment Management LLC now owns 40,722 shares of the basic materials company’s stock worth $542,000 after purchasing an additional 7,354 shares during the last quarter. Institutional investors own 42.73% of the company’s stock.

Shares of Trecora Resources (TREC) remained flat at $$13.50 during trading hours on Friday. The stock had a trading volume of 69,717 shares, compared to its average volume of 41,715. The stock has a market capitalization of $328.13, a PE ratio of 103.85 and a beta of 1.47. Trecora Resources has a 52-week low of $10.12 and a 52-week high of $14.80. The company has a quick ratio of 1.21, a current ratio of 1.66 and a debt-to-equity ratio of 0.48.

In related news, major shareholder Athel Fahad Mohammed Saleh Al sold 30,000 shares of the firm’s stock in a transaction dated Wednesday, November 29th. The stock was sold at an average price of $12.29, for a total transaction of $368,700.00. Following the sale, the insider now directly owns 3,255,028 shares of the company’s stock, valued at $40,004,294.12. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Over the last ninety days, insiders have sold 334,712 shares of company stock worth $4,230,790. 6.60% of the stock is owned by corporate insiders.

A number of equities research analysts recently weighed in on the company. Zacks Investment Research upgraded Trecora Resources from a “sell” rating to a “hold” rating in a research note on Thursday, October 12th. TheStreet cut Trecora Resources from a “b-” rating to a “c+” rating in a research note on Friday, November 10th. Finally, B. Riley reiterated a “buy” rating and issued a $16.00 price target (down from $17.00) on shares of Trecora Resources in a research note on Wednesday, November 8th. One analyst has rated the stock with a sell rating, one has given a hold rating and three have given a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus price target of $14.75.

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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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