OP Asset Management Ltd Invests $1.50 Million in REX American Resources Corporation $REX

OP Asset Management Ltd acquired a new position in shares of REX American Resources Corporation (NYSE:REX) in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 32,912 shares of the energy company’s stock, valued at approximately $1,500,000. OP Asset Management Ltd owned about 0.10% of REX American Resources as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently added to or reduced their stakes in the business. Vanguard Group Inc. increased its position in REX American Resources by 101.0% in the 3rd quarter. Vanguard Group Inc. now owns 2,436,632 shares of the energy company’s stock worth $74,610,000 after buying an additional 1,224,274 shares during the period. Dimensional Fund Advisors LP boosted its position in shares of REX American Resources by 89.3% in the third quarter. Dimensional Fund Advisors LP now owns 2,152,938 shares of the energy company’s stock valued at $65,923,000 after acquiring an additional 1,015,668 shares during the period. M&T Bank Corp bought a new stake in shares of REX American Resources in the fourth quarter valued at approximately $17,199,000. Mangrove Partners IM LLC acquired a new stake in shares of REX American Resources in the third quarter worth $16,123,000. Finally, American Century Companies Inc. grew its stake in shares of REX American Resources by 88.0% in the third quarter. American Century Companies Inc. now owns 826,427 shares of the energy company’s stock worth $25,305,000 after acquiring an additional 386,947 shares during the last quarter. Institutional investors own 88.12% of the company’s stock.

REX American Resources Trading Up 1.4%

Shares of REX stock opened at $44.74 on Tuesday. The stock has a 50 day moving average of $46.55 and a two-hundred day moving average of $40.18. REX American Resources Corporation has a 12 month low of $24.16 and a 12 month high of $53.36. The company has a market capitalization of $1.47 billion, a P/E ratio of 15.95 and a beta of 0.61.

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

Wall Street Analyst Weigh In

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

Insiders Place Their Bets

In other news, CFO Douglas Bruggeman sold 5,086 shares of REX American Resources stock in a transaction dated Tuesday, June 2nd. The shares were sold at an average price of $48.73, for a total transaction of $247,840.78. Following the sale, the chief financial officer directly owned 254,084 shares in the company, valued at approximately $12,381,513.32. The trade was a 1.96% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Stuart A. Rose sold 15,186 shares of REX American Resources stock in a transaction dated Thursday, June 18th. The shares were sold at an average price of $43.64, for a total transaction of $662,717.04. Following the sale, the insider owned 573,094 shares in the company, valued at approximately $25,009,822.16. This trade represents a 2.58% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 107,086 shares of company stock worth $4,734,709 in the last quarter. Corporate insiders own 13.21% 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.