Stuart Rose Sells 766 Shares of REX American Resources (NYSE:REX) Stock

REX American Resources Corporation (NYSE:REX) insider Stuart Rose sold 766 shares of the company’s stock in a transaction dated Thursday, June 11th. The stock was sold at an average price of $44.14, for a total transaction of $33,811.24. Following the sale, the insider directly owned 625,254 shares in the company, valued at $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 SEC, which is available at this link.

REX American Resources Trading Up 1.4%

Shares of REX stock opened at $43.57 on Wednesday. REX American Resources Corporation has a 1 year low of $23.82 and a 1 year high of $53.36. The firm’s 50 day moving average is $46.61 and its 200-day moving average is $39.52. The firm has a market capitalization of $1.44 billion, a price-to-earnings ratio of 15.53 and a beta of 0.61.

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

Hedge Funds Weigh In On REX American Resources

Large investors have recently modified their holdings of the stock. Principal Financial Group Inc. lifted its holdings in REX American Resources by 112.9% in the third quarter. Principal Financial Group Inc. now owns 154,397 shares of the energy company’s stock valued at $4,728,000 after buying an additional 81,869 shares during the period. Tudor Investment Corp ET AL acquired a new position in REX American Resources in the third quarter valued at approximately $2,341,000. JPMorgan Chase & Co. lifted its holdings 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 buying an additional 77,004 shares during the period. Rhumbline Advisers lifted its holdings in REX American Resources by 93.8% in the third quarter. Rhumbline Advisers now owns 93,306 shares of the energy company’s stock valued at $2,857,000 after buying an additional 45,158 shares during the period. Finally, South Dakota Investment Council lifted its holdings in REX American Resources by 36.4% in the third quarter. South Dakota Investment Council now owns 151,205 shares of the energy company’s stock valued at $4,630,000 after buying an additional 40,351 shares during the period. 88.12% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

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

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.