REX American Resources Corporation (NYSE:REX – Get Free Report) gapped down before the market opened on Wednesday . The stock had previously closed at $41.99, but opened at $39.99. REX American Resources shares last traded at $41.3050, with a volume of 13,073 shares trading hands.
Wall Street Analysts Forecast Growth
Separately, Weiss Ratings downgraded REX American Resources from a “buy (b)” rating to a “buy (b-)” rating in a research note on Monday, August 24th. One analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, the stock currently has an average rating of “Buy”.
Get Our Latest Analysis on REX
REX American Resources Stock Down 3.0%
REX American Resources (NYSE:REX – Get Free Report) last announced its quarterly earnings results on Wednesday, September 2nd. The energy company reported $1.06 earnings per share for the quarter, beating the consensus estimate of $0.42 by $0.64. REX American Resources had a return on equity of 13.67% and a net margin of 14.30%.
Insider Activity at REX American Resources
In other news, insider Stuart A. Rose sold 15,186 shares of the business’s stock in a transaction that occurred 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 completion of the sale, the insider directly owned 573,094 shares in the company, valued at $25,009,822.16. The trade was 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 through this link. Insiders sold 100,000 shares of company stock valued at $4,395,989 in the last three months. 13.21% of the stock is owned by insiders.
Institutional Inflows and Outflows
A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Public Employees Retirement System of Ohio purchased a new position in shares of REX American Resources in the second quarter valued at approximately $27,000. Rockefeller Capital Management L.P. raised its stake in REX American Resources by 359.2% during the fourth quarter. Rockefeller Capital Management L.P. now owns 900 shares of the energy company’s stock worth $29,000 after purchasing an additional 704 shares during the period. Danske Bank A S acquired a new position in REX American Resources in the second quarter valued at approximately $41,000. Hantz Financial Services Inc. grew its holdings in shares of REX American Resources by 133.4% during the 4th quarter. Hantz Financial Services Inc. now owns 901 shares of the energy company’s stock worth $29,000 after purchasing an additional 515 shares during the period. Finally, Simplex Trading LLC purchased a new stake in REX American Resources in the 4th quarter valued at about $35,000. 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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