REX American Resources (NYSE:REX) Stock Crosses Above Two Hundred Day Moving Average – Here’s Why

REX American Resources Corporation (NYSE:REX) crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $41.36 and traded as high as $48.01. REX American Resources shares last traded at $47.3060, with a volume of 166,534 shares.

Wall Street Analyst Weigh In

Separately, Weiss Ratings raised shares of REX American Resources from a “buy (b-)” rating to a “buy (b)” rating in a research report on Thursday, July 9th. One research analyst has rated the stock with a Buy rating, According to MarketBeat.com, the stock has a consensus rating of “Buy”.

REX American Resources Stock Up 2.6%

The firm has a market cap of $1.56 billion, a price-to-earnings ratio of 16.86 and a beta of 0.62. The firm has a 50 day moving average of $46.33 and a 200 day moving average of $41.36.

REX American Resources (NYSE:REX) last issued its quarterly earnings results on Thursday, May 28th. The energy company reported $0.56 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.14 by $0.42. The firm had revenue of $156.50 million for 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%.

Insider Buying and Selling at REX American Resources

In related news, CFO Douglas Bruggeman sold 5,086 shares of the business’s stock in a transaction 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 transaction, the chief financial officer owned 254,084 shares in the company, valued at $12,381,513.32. The trade was a 1.96% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Stuart A. Rose sold 15,186 shares of the stock in a transaction on Thursday, June 18th. The stock was sold at an average price of $43.64, for a total transaction of $662,717.04. Following the transaction, the insider directly owned 573,094 shares in the company, valued at approximately $25,009,822.16. This represents a 2.58% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 105,086 shares of company stock valued at $4,643,829 in the last quarter. 13.21% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On REX American Resources

A number of institutional investors and hedge funds have recently made changes to their positions in REX. M&T Bank Corp acquired a new position in REX American Resources during the 4th quarter worth approximately $17,199,000. Tudor Investment Corp ET AL acquired a new stake in REX American Resources in the third quarter valued at approximately $2,341,000. JPMorgan Chase & Co. grew its stake in REX American Resources by 80.5% in the third quarter. JPMorgan Chase & Co. now owns 172,612 shares of the energy company’s stock valued at $5,285,000 after acquiring an additional 77,004 shares during the period. SG Americas Securities LLC increased its holdings in shares of REX American Resources by 223.7% during the fourth quarter. SG Americas Securities LLC now owns 24,410 shares of the energy company’s stock valued at $789,000 after acquiring an additional 16,869 shares in the last quarter. Finally, Y Intercept Hong Kong Ltd bought a new stake in shares of REX American Resources during the first quarter valued at approximately $1,800,000. Institutional investors own 88.12% of the company’s stock.

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.