Uniplan Investment Counsel Inc. trimmed its holdings in shares of Trecora Resources (NYSE:TREC) by 3.4% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 253,681 shares of the basic materials company’s stock after selling 8,844 shares during the period. Uniplan Investment Counsel Inc. owned about 1.03% of Trecora Resources worth $1,978,000 at the end of the most recent reporting period.
Several other hedge funds have also modified their holdings of the company. BlackRock Inc. raised its stake in shares of Trecora Resources by 2.0% during the 4th quarter. BlackRock Inc. now owns 1,088,556 shares of the basic materials company’s stock worth $8,490,000 after buying an additional 21,009 shares in the last quarter. Dimensional Fund Advisors LP increased its stake in Trecora Resources by 9.5% in the 4th quarter. Dimensional Fund Advisors LP now owns 1,056,755 shares of the basic materials company’s stock valued at $8,243,000 after purchasing an additional 92,005 shares in the last quarter. Vanguard Group Inc increased its stake in Trecora Resources by 8.7% in the 3rd quarter. Vanguard Group Inc now owns 981,781 shares of the basic materials company’s stock valued at $13,745,000 after purchasing an additional 78,315 shares in the last quarter. Vanguard Group Inc. increased its stake in Trecora Resources by 8.7% in the 3rd quarter. Vanguard Group Inc. now owns 981,781 shares of the basic materials company’s stock valued at $13,745,000 after purchasing an additional 78,315 shares in the last quarter. Finally, Oregon Public Employees Retirement Fund purchased a new position in Trecora Resources in the 4th quarter valued at approximately $90,000. 48.61% of the stock is owned by institutional investors and hedge funds.
Several equities analysts recently weighed in on the company. B. Riley assumed coverage on Trecora Resources in a research note on Tuesday, March 5th. They issued a “buy” rating and a $14.00 price objective for the company. Zacks Investment Research downgraded Trecora Resources from a “hold” rating to a “sell” rating in a research note on Wednesday.
Trecora Resources (NYSE:TREC) last released its quarterly earnings data on Wednesday, March 6th. The basic materials company reported ($0.14) earnings per share for the quarter, missing the consensus estimate of $0.06 by ($0.20). Trecora Resources had a negative net margin of 0.81% and a positive return on equity of 0.12%. The firm had revenue of $74.67 million during the quarter, compared to analysts’ expectations of $78.85 million. On average, research analysts predict that Trecora Resources will post 0.13 EPS for the current fiscal year.
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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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