REX American Resources (NYSE:REX) Insider Stuart Rose Sells 1,129 Shares

REX American Resources Corporation (NYSE:REXGet Free Report) insider Stuart Rose sold 1,129 shares of the stock in a transaction that occurred on Wednesday, June 10th. The shares were sold at an average price of $44.52, for a total transaction of $50,263.08. Following the transaction, the insider directly owned 626,020 shares of the company’s stock, valued at $27,870,410.40. This represents a 0.18% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

REX American Resources Stock Down 1.7%

REX American Resources stock opened at $43.08 on Friday. REX American Resources Corporation has a twelve month low of $22.22 and a twelve month high of $53.36. The firm has a 50 day moving average price of $46.71 and a 200-day moving average price of $39.29. The company has a market capitalization of $1.42 billion, a P/E ratio of 15.36 and a beta of 0.61.

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

Institutional Trading of REX American Resources

Institutional investors have recently modified their holdings of the business. Principal Financial Group Inc. lifted its stake in shares of REX American Resources by 112.9% during the 3rd quarter. Principal Financial Group Inc. now owns 154,397 shares of the energy company’s stock valued at $4,728,000 after buying an additional 81,869 shares in the last quarter. Tudor Investment Corp ET AL purchased a new stake in shares of REX American Resources during the 3rd quarter valued at approximately $2,341,000. JPMorgan Chase & Co. lifted its stake in shares of REX American Resources by 80.5% during the 3rd quarter. JPMorgan Chase & Co. now owns 172,612 shares of the energy company’s stock valued at $5,285,000 after buying an additional 77,004 shares in the last quarter. Rhumbline Advisers lifted its stake in shares of REX American Resources by 93.8% during the 3rd quarter. Rhumbline Advisers now owns 93,306 shares of the energy company’s stock valued at $2,857,000 after buying an additional 45,158 shares in the last quarter. Finally, South Dakota Investment Council lifted its stake in REX American Resources by 36.4% in the 3rd quarter. South Dakota Investment Council now owns 151,205 shares of the energy company’s stock worth $4,630,000 after purchasing an additional 40,351 shares in the last quarter. 88.12% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Separately, Weiss Ratings raised shares of REX American Resources from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Wednesday, June 3rd. One investment analyst has rated the stock with a Buy rating, Based on data from MarketBeat, the company presently has a consensus rating of “Buy”.

Read Our Latest Stock Report on REX

REX American Resources Company Profile

(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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