REX American Resources (NYSE:REX) Stock Price Crosses Above Two Hundred Day Moving Average – Time to Sell?

Shares of REX American Resources Corporation (NYSE:REX) passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $40.18 and traded as high as $45.19. REX American Resources shares last traded at $44.7450, with a volume of 249,946 shares.

Analysts Set New Price Targets

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 investment analyst has rated the stock with a Buy rating, According to MarketBeat, the stock presently has an average rating of “Buy”.

REX American Resources Stock Up 1.4%

The firm has a market cap of $1.47 billion, a price-to-earnings ratio of 15.95 and a beta of 0.61. The stock’s 50 day moving average is $46.55 and its 200 day moving average is $40.18.

REX American Resources (NYSE:REX) last issued its quarterly earnings results 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. REX American Resources had a return on equity of 13.67% and a net margin of 14.30%.The firm had revenue of $156.50 million during the quarter, compared to analyst estimates of $167.23 million.

Insider Buying and Selling at REX American Resources

In related news, insider Stuart A. Rose sold 15,186 shares of REX American Resources 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 transaction, the insider directly owned 573,094 shares of the company’s stock, valued at $25,009,822.16. The trade was a 2.58% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Douglas Bruggeman sold 5,086 shares of the business’s stock in a transaction dated Tuesday, June 2nd. The stock was sold at an average price of $48.73, for a total transaction of $247,840.78. Following the completion of the sale, the chief financial officer owned 254,084 shares in the company, valued at approximately $12,381,513.32. This trade represents a 1.96% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last 90 days, insiders sold 107,086 shares of company stock valued at $4,734,709. Insiders own 13.21% of the company’s stock.

Hedge Funds Weigh In On REX American Resources

Several large investors have recently made changes to their positions in REX. Vanguard Group Inc. grew its stake in shares of 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 purchasing an additional 1,224,274 shares during the last quarter. Dimensional Fund Advisors LP lifted its stake in REX American Resources by 89.3% during 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 purchasing an additional 1,015,668 shares during the last quarter. M&T Bank Corp bought a new stake in REX American Resources during the fourth quarter worth approximately $17,199,000. Mangrove Partners IM LLC bought a new stake in REX American Resources during the third quarter worth approximately $16,123,000. Finally, American Century Companies Inc. boosted its holdings in REX American Resources by 88.0% during the third quarter. American Century Companies Inc. now owns 826,427 shares of the energy company’s stock worth $25,305,000 after buying an additional 386,947 shares in the last quarter. Institutional investors own 88.12% of the company’s stock.

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.