REX American Resources (NYSE:REX) Insider Stuart Rose Sells 15,186 Shares

REX American Resources Corporation (NYSE:REX) insider Stuart Rose sold 15,186 shares of the company’s 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 completion of the sale, the insider owned 573,094 shares of the company’s stock, valued at approximately $25,009,822.16. The trade was a 2.58% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

REX American Resources Price Performance

Shares of REX stock opened at $43.96 on Tuesday. The firm has a 50-day moving average of $46.52 and a 200-day moving average of $39.82. REX American Resources Corporation has a one year low of $23.82 and a one year high of $53.36. The company has a market cap of $1.45 billion, a P/E ratio of 15.67 and a beta of 0.61.

REX American Resources (NYSE:REX) last released 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 net margin of 14.30% and a return on equity of 13.67%. The business had revenue of $156.50 million for the quarter, compared to analysts’ expectations of $167.23 million.

Wall Street Analyst Weigh In

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

Institutional Investors Weigh In On REX American Resources

A number of hedge funds have recently made changes to their positions in REX. Rockefeller Capital Management L.P. boosted its holdings in shares of REX American Resources by 359.2% in the 4th quarter. Rockefeller Capital Management L.P. now owns 900 shares of the energy company’s stock worth $29,000 after buying an additional 704 shares during the last quarter. Hantz Financial Services Inc. increased its holdings in REX American Resources by 133.4% during the fourth quarter. Hantz Financial Services Inc. now owns 901 shares of the energy company’s stock worth $29,000 after buying an additional 515 shares during the last quarter. Simplex Trading LLC bought a new stake in REX American Resources in the fourth quarter worth about $35,000. Parallel Advisors LLC boosted its stake in REX American Resources by 97.6% in the third quarter. Parallel Advisors LLC now owns 1,142 shares of the energy company’s stock valued at $35,000 after acquiring an additional 564 shares during the last quarter. Finally, Ameritas Investment Partners Inc. boosted its stake in REX American Resources by 59.2% in the third quarter. Ameritas Investment Partners Inc. now owns 2,476 shares of the energy company’s stock valued at $76,000 after acquiring an additional 921 shares during the last quarter. 88.12% of the stock is currently owned by institutional investors.

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.