REX American Resources (NYSE:REX) Insider Sells $50,263.08 in Stock

REX American Resources Corporation (NYSE:REX) insider Stuart Rose sold 1,129 shares of the company’s stock in a transaction dated Wednesday, June 10th. The stock was sold at an average price of $44.52, for a total transaction of $50,263.08. Following the sale, the insider directly owned 626,020 shares in the company, valued at $27,870,410.40. This represents a 0.18% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link.

REX American Resources Trading Down 0.2%

Shares of REX traded down $0.10 during mid-day trading on Thursday, hitting $43.74. 12,372 shares of the company traded hands, compared to its average volume of 192,014. REX American Resources Corporation has a one year low of $22.22 and a one year high of $53.36. The stock has a market capitalization of $1.44 billion, a price-to-earnings ratio of 15.59 and a beta of 0.61. The business has a 50-day moving average of $46.76 and a 200 day moving average of $39.22.

REX American Resources (NYSE:REX) last posted its 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. The company had revenue of $156.50 million for the quarter, compared to analyst estimates of $167.23 million. REX American Resources had a net margin of 14.30% and a return on equity of 13.67%.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings upgraded shares of REX American Resources from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Wednesday, June 3rd. One equities research analyst has rated the stock with a Buy rating, According to MarketBeat, the company has an average rating of “Buy”.

Institutional Trading of REX American Resources

Institutional investors and hedge funds have recently made changes to their positions in the company. Vanguard Group Inc. lifted its holdings in shares of REX American Resources by 3.8% in the fourth quarter. Vanguard Group Inc. now owns 2,529,944 shares of the energy company’s stock worth $81,768,000 after acquiring an additional 93,312 shares during the last quarter. Dimensional Fund Advisors LP lifted its stake in 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 purchasing an additional 1,015,668 shares during the last quarter. Mangrove Partners IM LLC lifted its stake in 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 purchasing an additional 488,682 shares during the last quarter. American Century Companies Inc. lifted its stake in 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 purchasing an additional 386,947 shares during the last quarter. Finally, Geode Capital Management LLC lifted its stake in 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 purchasing an additional 2,647 shares during the last quarter. 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.