Insider Selling: REX American Resources (NYSE:REX) CFO Sells 5,086 Shares of Stock

REX American Resources Corporation (NYSE:REXGet Free Report) CFO Douglas Bruggeman sold 5,086 shares of the stock in a transaction that occurred on Tuesday, June 2nd. The shares were sold at an average price of $48.73, for a total transaction of $247,840.78. Following the completion of the sale, the chief financial officer owned 254,084 shares in the company, valued at $12,381,513.32. This represents a 1.96% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

Douglas Bruggeman also recently made the following trade(s):

  • On Thursday, April 2nd, Douglas Bruggeman sold 2,000 shares of REX American Resources stock. The shares were sold at an average price of $45.44, for a total value of $90,880.00.

REX American Resources Stock Performance

REX American Resources stock traded down $0.01 during midday trading on Wednesday, reaching $48.32. 21,039 shares of the company were exchanged, compared to its average volume of 192,441. The company has a market capitalization of $1.59 billion, a price-to-earnings ratio of 17.23 and a beta of 0.61. The firm’s 50-day simple moving average is $46.38 and its 200-day simple moving average is $38.58. REX American Resources Corporation has a 1 year low of $21.24 and a 1 year high of $53.36.

REX American Resources (NYSE:REXGet Free Report) last issued its quarterly earnings results on Thursday, May 28th. The energy company reported $0.56 EPS for the quarter, topping analysts’ consensus estimates of $0.14 by $0.42. The business had revenue of $156.50 million during the quarter, compared to the consensus estimate of $167.23 million. REX American Resources had a net margin of 14.30% and a return on equity of 13.67%.

Analysts Set New Price Targets

Separately, Weiss Ratings cut REX American Resources from a “buy (b-)” rating to a “hold (c+)” rating in a report on Monday, May 4th. One research analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold”.

View Our Latest Stock Report on REX American Resources

Institutional Investors Weigh In On REX American Resources

A number of institutional investors have recently bought and sold shares of REX. Vanguard Group Inc. boosted its holdings in shares of REX American Resources by 3.8% in the 4th quarter. Vanguard Group Inc. now owns 2,529,944 shares of the energy company’s stock valued at $81,768,000 after purchasing an additional 93,312 shares during the last quarter. Dimensional Fund Advisors LP raised its position in shares of REX American Resources by 89.3% in the 3rd quarter. Dimensional Fund Advisors LP now owns 2,152,938 shares of the energy company’s stock worth $65,923,000 after buying an additional 1,015,668 shares during the period. Mangrove Partners IM LLC boosted its holdings in REX American Resources by 92.8% in the fourth quarter. Mangrove Partners IM LLC now owns 1,015,234 shares of the energy company’s stock valued at $32,812,000 after acquiring an additional 488,682 shares during the last quarter. American Century Companies Inc. grew its position in REX American Resources by 88.0% during the third quarter. American Century Companies Inc. now owns 826,427 shares of the energy company’s stock valued at $25,305,000 after acquiring an additional 386,947 shares during the period. Finally, Geode Capital Management LLC increased its stake in REX American Resources by 0.4% during the fourth quarter. Geode Capital Management LLC now owns 695,670 shares of the energy company’s stock worth $22,486,000 after acquiring an additional 2,647 shares during the last quarter. 88.12% of the stock is currently owned by hedge funds and other institutional investors.

About REX American Resources

(Get Free Report)

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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