REX American Resources (NYSE:REX – Get Free Report) released its quarterly earnings data on Wednesday. The energy company reported $1.06 earnings per share for the quarter, topping analysts’ consensus estimates of $0.42 by $0.64, Zacks reports. REX American Resources had a net margin of 14.30% and a return on equity of 13.67%.
REX American Resources Stock Performance
Shares of REX stock opened at $41.84 on Wednesday. The firm has a market cap of $1.38 billion, a P/E ratio of 14.92 and a beta of 0.63. The firm’s 50 day moving average price is $44.38 and its 200-day moving average price is $43.65. REX American Resources has a one year low of $30.02 and a one year high of $53.36.
Analyst Ratings Changes
Separately, Weiss Ratings lowered REX American Resources from a “buy (b)” rating to a “buy (b-)” rating in a report on Monday, August 24th. One equities research analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, the stock has an average rating of “Buy”.
Insider Activity
In other REX American Resources news, insider Stuart A. Rose sold 15,186 shares of the firm’s stock in a transaction on Thursday, June 18th. The stock was sold at an average price of $43.64, for a total value of $662,717.04. Following the sale, the insider directly owned 573,094 shares in the company, valued at $25,009,822.16. This trade represents a 2.58% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders sold 100,000 shares of company stock valued at $4,395,989 in the last 90 days. 13.21% of the stock is currently owned by company insiders.
Institutional Investors Weigh In On REX American Resources
Institutional investors and hedge funds have recently made changes to their positions in the business. Simplex Trading LLC acquired a new position in REX American Resources in the 4th quarter valued at about $35,000. Parallel Advisors LLC boosted its holdings in REX American Resources by 97.6% in the 3rd quarter. Parallel Advisors LLC now owns 1,142 shares of the energy company’s stock valued at $35,000 after purchasing an additional 564 shares in the last quarter. US Bancorp DE boosted its stake in shares of REX American Resources by 100.0% in the third quarter. US Bancorp DE now owns 2,680 shares of the energy company’s stock valued at $82,000 after buying an additional 1,340 shares in the last quarter. State of Wyoming acquired a new position in shares of REX American Resources during the 2nd quarter worth $140,000. Finally, Tower Research Capital LLC TRC boosted its holdings in REX American Resources by 492.2% during the second quarter. Tower Research Capital LLC TRC now owns 3,790 shares of the energy company’s stock worth $185,000 after buying an additional 3,150 shares in the last quarter. 88.12% of the stock is owned by hedge funds and other institutional investors.
REX American Resources Company Profile
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.
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