Douglas Bruggeman Sells 5,086 Shares of REX American Resources (NYSE:REX) Stock

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

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 stock was sold at an average price of $45.44, for a total value of $90,880.00.

REX American Resources Price Performance

REX stock opened at $46.19 on Friday. REX American Resources Corporation has a 1-year low of $21.24 and a 1-year high of $53.36. The business has a fifty day moving average price of $46.81 and a 200-day moving average price of $38.87. The stock has a market capitalization of $1.52 billion, a P/E ratio of 16.47 and a beta of 0.61.

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

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings upgraded REX American Resources from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Wednesday. One investment analyst has rated the stock with a Buy rating, According to data from MarketBeat, the stock has an average rating of “Buy”.

Institutional Trading of REX American Resources

A number of hedge funds have recently bought and sold shares of REX. Vanguard Group Inc. increased its position in REX American Resources by 101.0% during the third quarter. Vanguard Group Inc. now owns 2,436,632 shares of the energy company’s stock valued at $74,610,000 after acquiring an additional 1,224,274 shares during the last quarter. Dimensional Fund Advisors LP increased its position in REX American Resources by 89.3% during the third quarter. Dimensional Fund Advisors LP now owns 2,152,938 shares of the energy company’s stock valued at $65,923,000 after acquiring an additional 1,015,668 shares during the last quarter. M&T Bank Corp purchased a new stake in REX American Resources during the fourth quarter valued at $17,199,000. Mangrove Partners IM LLC purchased a new stake in REX American Resources during the third quarter valued at $16,123,000. Finally, American Century Companies Inc. increased 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 last quarter. Hedge funds and other institutional investors own 88.12% of the company’s stock.

About REX American Resources

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.