REX American Resources (NYSE:REX) Shares Cross Above 200-Day Moving Average – What’s Next?

REX American Resources Corporation (NYSE:REX) shares passed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $35.33 and traded as high as $44.23. REX American Resources shares last traded at $43.8110, with a volume of 171,358 shares changing hands.

Analyst Ratings Changes

Separately, Weiss Ratings raised shares of REX American Resources from a “hold (c+)” rating to a “buy (b-)” rating in a report on Monday, March 2nd. One investment analyst has rated the stock with a Buy rating, Based on data from MarketBeat, the stock presently has a consensus rating of “Buy”.

REX American Resources Stock Up 0.7%

The stock’s 50-day simple moving average is $40.08 and its 200 day simple moving average is $35.49. The company has a market cap of $1.49 billion, a price-to-earnings ratio of 18.11 and a beta of 0.61.

REX American Resources (NYSE:REX) last posted its earnings results on Thursday, March 26th. The energy company reported $1.32 EPS for the quarter, beating analysts’ consensus estimates of $0.14 by $1.18. REX American Resources had a net margin of 12.75% and a return on equity of 12.72%. The company had revenue of $157.96 million for the quarter, compared to analysts’ expectations of $162.00 million.

Insider Buying and Selling

In other REX American Resources news, CFO Douglas Bruggeman sold 2,000 shares of the company’s stock in a transaction dated Thursday, April 2nd. The shares were sold at an average price of $45.44, for a total value of $90,880.00. Following the transaction, the chief financial officer owned 259,170 shares of the company’s stock, valued at $11,776,684.80. This represents a 0.77% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. 13.91% of the stock is owned by insiders.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the stock. AQR Capital Management LLC lifted its position in shares of REX American Resources by 29.2% during the first quarter. AQR Capital Management LLC now owns 96,316 shares of the energy company’s stock worth $3,619,000 after purchasing an additional 21,781 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in shares of REX American Resources by 4.4% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 9,161 shares of the energy company’s stock worth $344,000 after purchasing an additional 390 shares in the last quarter. Empowered Funds LLC lifted its position in shares of REX American Resources by 4.1% during the first quarter. Empowered Funds LLC now owns 78,667 shares of the energy company’s stock worth $2,956,000 after purchasing an additional 3,128 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its position in shares of REX American Resources by 74.9% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 82,244 shares of the energy company’s stock worth $3,090,000 after purchasing an additional 35,209 shares in the last quarter. Finally, JPMorgan Chase & Co. lifted its position in shares of REX American Resources by 55.3% during the second quarter. JPMorgan Chase & Co. now owns 95,608 shares of the energy company’s stock worth $4,657,000 after purchasing an additional 34,030 shares in the last quarter. Institutional investors and hedge funds own 88.12% of the company’s stock.

About REX American Resources

REX American Resources Corp. is a diversified agribusiness and renewable energy company headquartered in Kansas City, Missouri. Founded in 2005 through a reorganization of existing agricultural interests, the company focuses on two primary business segments: fuel ethanol production and specialty ingredient solutions. REX American Resources leverages its integrated operations to supply clean-burning fuel, animal feed co-products and sweetener ingredients to a broad customer base in North America and beyond.

In its alcohol fuels segment, the company operates an anhydrous ethanol production facility in Colwich, Kansas.