REX American Resources (NYSE:REX) Rating Increased to Strong-Buy at Wall Street Zen

Wall Street Zen upgraded shares of REX American Resources (NYSE:REX) from a buy rating to a strong-buy rating in a research note released on Saturday,Wall Street Zen reports.

Separately, Weiss Ratings cut shares of REX American Resources from a “buy (b)” rating to a “buy (b-)” rating in a research report on Monday, August 24th. One equities research analyst has rated the stock with a Buy rating, According to MarketBeat, REX American Resources currently has an average rating of “Buy”.

REX American Resources Price Performance

REX American Resources stock opened at $41.51 on Friday. The company’s 50 day simple moving average is $44.29 and its 200 day simple moving average is $43.76. The firm has a market capitalization of $1.37 billion, a price-to-earnings ratio of 11.37 and a beta of 0.63. REX American Resources has a fifty-two week low of $30.02 and a fifty-two week high of $53.36.

REX American Resources (NYSE:REX) last issued its quarterly earnings data on Wednesday, September 2nd. The energy company reported $1.06 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.42 by $0.64. REX American Resources had a return on equity of 16.90% and a net margin of 18.31%.The business had revenue of $168.49 million during the quarter, compared to analyst estimates of $194.81 million.

Insider Buying and Selling at REX American Resources

In other news, insider Stuart Rose sold 69,335 shares of REX American Resources stock in a transaction that occurred on Wednesday, June 17th. The shares were sold at an average price of $43.77, for a total value of $3,034,792.95. Following the sale, the insider directly owned 588,280 shares in the company, valued at $25,749,015.60. This trade represents a 10.54% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Over the last three months, insiders have sold 100,000 shares of company stock worth $4,395,989. 13.21% of the stock is owned by company insiders.

Institutional Investors Weigh In On REX American Resources

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in shares of REX American Resources by 4.4% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 9,161 shares of the energy company’s stock worth $344,000 after buying an additional 390 shares during the last quarter. Aquatic Capital Management LLC increased its position in shares of REX American Resources by 5.2% in the third quarter. Aquatic Capital Management LLC now owns 9,151 shares of the energy company’s stock valued at $280,000 after acquiring an additional 450 shares during the last quarter. Barclays PLC increased its position in shares of REX American Resources by 0.6% in the fourth quarter. Barclays PLC now owns 83,598 shares of the energy company’s stock valued at $2,702,000 after acquiring an additional 493 shares during the last quarter. Horizon Investments LLC raised its holdings in REX American Resources by 2.8% during the fourth quarter. Horizon Investments LLC now owns 18,810 shares of the energy company’s stock worth $608,000 after acquiring an additional 514 shares in the last quarter. Finally, Hantz Financial Services Inc. raised 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 acquiring an additional 515 shares in the last quarter. 88.12% of the stock is currently owned by institutional investors and hedge funds.

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.