REX American Resources (NYSE:REX) Stock Price Passes Above 200 Day Moving Average – Should You Sell?

Shares of REX American Resources Corporation (NYSE:REX) crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $41.36 and traded as high as $48.01. REX American Resources shares last traded at $47.3060, with a volume of 166,534 shares trading hands.

Analysts Set New Price Targets

Separately, Weiss Ratings raised REX American Resources from a “buy (b-)” rating to a “buy (b)” rating in a research note on Thursday, July 9th. One analyst has rated the stock with a Buy rating, According to MarketBeat.com, the company presently has a consensus rating of “Buy”.

REX American Resources Stock Up 2.6%

The stock has a 50-day moving average of $46.33 and a 200 day moving average of $41.36. The company has a market capitalization of $1.56 billion, a PE ratio of 16.86 and a beta of 0.62.

REX American Resources (NYSE:REX) last posted its quarterly earnings data 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 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%.

Insiders Place Their Bets

In related news, CFO Douglas Bruggeman sold 5,086 shares of the 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 completion of the transaction, the chief financial officer owned 254,084 shares in the company, valued at approximately $12,381,513.32. This represents a 1.96% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Stuart A. Rose sold 15,186 shares of the firm’s stock in a transaction dated Thursday, June 18th. The stock was 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 of the company’s stock, valued at $25,009,822.16. This trade represents a 2.58% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 105,086 shares of company stock worth $4,643,829 over the last quarter. Company insiders own 13.21% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in REX. M&T Bank Corp bought a new position in shares of REX American Resources during the 4th quarter valued at approximately $17,199,000. Tudor Investment Corp ET AL bought a new stake in shares of REX American Resources in the 3rd quarter worth approximately $2,341,000. JPMorgan Chase & Co. raised its holdings in shares of REX American Resources by 80.5% in the 3rd quarter. JPMorgan Chase & Co. now owns 172,612 shares of the energy company’s stock worth $5,285,000 after purchasing an additional 77,004 shares during the period. SG Americas Securities LLC lifted its stake in REX American Resources by 223.7% in the fourth quarter. SG Americas Securities LLC now owns 24,410 shares of the energy company’s stock valued at $789,000 after purchasing an additional 16,869 shares during the last quarter. Finally, Intech Investment Management LLC lifted its stake in REX American Resources by 195.0% in the fourth quarter. Intech Investment Management LLC now owns 83,357 shares of the energy company’s stock valued at $2,694,000 after purchasing an additional 55,101 shares during the last quarter. 88.12% of the stock is currently owned by hedge funds and other institutional investors.

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.