Insider Selling: REX American Resources (NYSE:REX) Insider Sells 766 Shares of Stock

REX American Resources Corporation (NYSE:REXGet Free Report) insider Stuart Rose sold 766 shares of the firm’s stock in a transaction on Thursday, June 11th. The stock was sold at an average price of $44.14, for a total value of $33,811.24. Following the transaction, the insider directly owned 625,254 shares of the company’s stock, valued at approximately $27,598,711.56. This represents a 0.12% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

REX American Resources Trading Down 3.1%

NYSE:REX traded down $1.37 during trading hours on Monday, hitting $42.57. 22,183 shares of the company were exchanged, compared to its average volume of 191,125. The stock has a market capitalization of $1.40 billion, a price-to-earnings ratio of 15.19 and a beta of 0.61. REX American Resources Corporation has a one year low of $23.39 and a one year high of $53.36. The company has a fifty day simple moving average of $46.69 and a 200 day simple moving average of $39.38.

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

Analyst Ratings Changes

Separately, Weiss Ratings raised 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, According to data from MarketBeat.com, the stock presently has an average rating of “Buy”.

Read Our Latest Analysis on REX

Institutional Trading of REX American Resources

Several large investors have recently made changes to their positions in the company. Vanguard Group Inc. grew its stake 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 buying an additional 93,312 shares during the period. Dimensional Fund Advisors LP grew its stake 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 valued at $65,923,000 after buying an additional 1,015,668 shares during the period. Mangrove Partners IM LLC grew its stake in shares of REX American Resources by 92.8% in the 4th quarter. Mangrove Partners IM LLC now owns 1,015,234 shares of the energy company’s stock valued at $32,812,000 after buying an additional 488,682 shares during the period. American Century Companies Inc. grew its stake in shares of REX American Resources by 88.0% in the 3rd quarter. American Century Companies Inc. now owns 826,427 shares of the energy company’s stock valued at $25,305,000 after buying an additional 386,947 shares during the period. Finally, Geode Capital Management LLC grew its stake in shares of REX American Resources by 0.4% in the 4th quarter. Geode Capital Management LLC now owns 695,670 shares of the energy company’s stock valued at $22,486,000 after buying an additional 2,647 shares during the period. 88.12% of the stock is currently owned by institutional investors and hedge funds.

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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