REX American Resources (NYSE:REX) Stock Rating Upgraded by Wall Street Zen

REX American Resources (NYSE:REX) was upgraded by Wall Street Zen from a “buy” rating to a “strong-buy” rating in a research report issued on Saturday, Wall Street Zen reports.

Separately, Weiss Ratings lowered shares of REX American Resources from a “buy (b)” rating to a “buy (b-)” rating in a research report on Monday, August 24th. One equities research analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, REX American Resources currently has an average rating of “Buy”.

REX American Resources Price Performance

Shares of REX opened at $41.51 on Friday. REX American Resources has a 1 year low of $30.02 and a 1 year high of $53.36. The stock’s fifty day moving average price is $44.29 and its two-hundred day moving average price is $43.84. The firm has a market cap of $1.38 billion, a PE ratio of 11.37 and a beta of 0.63.

REX American Resources (NYSE:REX) last posted its quarterly earnings results on Wednesday, September 2nd. The energy company reported $1.06 earnings per share for the quarter, topping the consensus estimate of $0.42 by $0.64. REX American Resources had a return on equity of 16.90% and a net margin of 18.31%.The company had revenue of $168.49 million during the quarter, compared to the consensus estimate of $194.81 million.

Insider Activity at REX American Resources

In other news, insider Stuart Rose sold 69,335 shares of REX American Resources stock in a transaction on Wednesday, June 17th. The stock was sold at an average price of $43.77, for a total value of $3,034,792.95. Following the completion of the transaction, the insider directly owned 588,280 shares in the company, valued at approximately $25,749,015.60. The trade was a 10.54% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders sold 86,416 shares of company stock valued at $3,781,584 over the last three months. 13.21% of the stock is owned by company insiders.

Institutional Trading of REX American Resources

Institutional investors have recently added to or reduced their stakes in the stock. Amundi boosted its stake in REX American Resources by 45.4% in the 2nd quarter. Amundi now owns 35,613 shares of the energy company’s stock worth $1,608,000 after purchasing an additional 11,114 shares during the period. California State Teachers Retirement System increased its position in shares of REX American Resources by 6,036.6% during the second quarter. California State Teachers Retirement System now owns 1,767,171 shares of the energy company’s stock valued at $79,788,000 after buying an additional 1,738,374 shares during the period. Nykredit A S bought a new stake in shares of REX American Resources during the second quarter valued at about $88,000. Van ECK Associates Corp lifted its holdings in shares of REX American Resources by 7.2% in the second quarter. Van ECK Associates Corp now owns 18,310 shares of the energy company’s stock worth $827,000 after buying an additional 1,224 shares in the last quarter. Finally, Empowered Funds LLC purchased a new stake in shares of REX American Resources in the second quarter worth about $6,016,000. 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.