REX American Resources (NYSE:REX) Insider Sells 50,000 Shares of Stock

REX American Resources Corporation (NYSE:REX) insider Stuart Rose sold 50,000 shares of the firm’s stock in a transaction that occurred on Wednesday, September 30th. The stock was sold at an average price of $42.55, for a total transaction of $2,127,500.00. Following the completion of the transaction, the insider directly owned 2,278,324 shares of the company’s stock, valued at $96,942,686.20. This represents a 2.15% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink.

REX American Resources Trading Down 1.6%

NYSE:REX traded down $0.68 during trading hours on Thursday, hitting $42.77. 13,894 shares of the stock traded hands, compared to its average volume of 196,403. The firm has a 50 day moving average price of $43.03 and a 200 day moving average price of $44.69. REX American Resources Corporation has a fifty-two week low of $30.31 and a fifty-two week high of $53.36. The firm has a market cap of $1.42 billion, a price-to-earnings ratio of 11.80 and a beta of 0.63.

REX American Resources (NYSE:REX) last issued its earnings results on Wednesday, September 2nd. The energy company reported $1.06 EPS for the quarter, topping 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 analysts’ expectations of $194.81 million.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on REX shares. Wall Street Zen raised shares of REX American Resources from a “buy” rating to a “strong-buy” rating in a research report on Saturday, September 5th. Weiss Ratings lowered shares of REX American Resources from a “buy (b)” rating to a “buy (b-)” rating in a research note on Monday, August 24th. One investment analyst has rated the stock with a Buy rating, According to data from MarketBeat, the stock currently has a consensus rating of “Buy”.

Hedge Funds Weigh In On REX American Resources

Large investors have recently added to or reduced their stakes in the company. BlackRock Inc. acquired a new stake in shares of REX American Resources during the 2nd quarter worth approximately $255,640,000. Mangrove Partners IM LLC raised its stake in shares of REX American Resources by 92.8% in the fourth quarter. Mangrove Partners IM LLC now owns 1,015,234 shares of the energy company’s stock valued at $32,812,000 after purchasing an additional 488,682 shares in the last quarter. Arrowstreet Capital Limited Partnership lifted its position in REX American Resources by 6.4% in the first quarter. Arrowstreet Capital Limited Partnership now owns 447,642 shares of the energy company’s stock worth $20,399,000 after purchasing an additional 26,989 shares during the period. Bank of New York Mellon Corp acquired a new stake in REX American Resources during the second quarter worth $8,599,000. Finally, Empowered Funds LLC boosted its stake in REX American Resources by 5.0% during the first quarter. Empowered Funds LLC now owns 164,164 shares of the energy company’s stock worth $7,481,000 after buying an additional 7,784 shares in the last quarter. Institutional investors and hedge funds own 88.12% of the company’s stock.

REX American Resources Company Profile

REX American Resources Corporation is a renewable fuels company that produces and markets ethanol and related coproducts. Its operations are focused on the conversion of corn into fuel-grade ethanol, distillers grains used primarily as animal feed, and corn distillers oil, which can be used in animal feed and renewable-fuel applications.

The company owns and operates, or holds interests in, ethanol production facilities located in the Midwestern United States, including facilities in states such as Illinois and South Dakota.