REX American Resources (NYSE:REX) Reaches New 52-Week High – Here’s Why

Shares of REX American Resources Corporation (NYSE:REX) reached a new 52-week high during trading on Monday . The company traded as high as $41.12 and last traded at $40.8790, with a volume of 30972 shares. The stock had previously closed at $40.33.

Wall Street Analysts Forecast Growth

REX has been the subject of several analyst reports. Wall Street Zen raised shares of REX American Resources from a “hold” rating to a “buy” rating in a research note on Saturday, December 6th. Weiss Ratings upgraded REX American Resources from a “hold (c+)” rating to a “buy (b-)” rating in a report on Monday, March 2nd. Two equities research analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, REX American Resources presently has an average rating of “Buy” and an average price target of $25.00.

REX American Resources Trading Down 0.3%

The company has a market capitalization of $1.32 billion, a PE ratio of 26.95 and a beta of 0.73. The firm’s 50-day simple moving average is $34.72 and its 200-day simple moving average is $33.05.

Institutional Investors Weigh In On REX American Resources

Institutional investors and hedge funds have recently bought and sold shares of the company. Vanguard Group Inc. increased its stake in shares of REX American Resources by 3.8% during the fourth quarter. Vanguard Group Inc. now owns 2,529,944 shares of the energy company’s stock valued at $81,768,000 after buying an additional 93,312 shares during the period. Dimensional Fund Advisors LP lifted its position in shares of REX American Resources by 89.3% in the 3rd quarter. Dimensional Fund Advisors LP now owns 2,152,938 shares of the energy company’s stock worth $65,923,000 after purchasing an additional 1,015,668 shares during the period. Mangrove Partners IM LLC boosted its stake in shares of REX American Resources by 92.8% during 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. American Century Companies Inc. increased 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 valued at $25,305,000 after buying an additional 386,947 shares during the period. Finally, Geode Capital Management LLC lifted its holdings in REX American Resources by 0.4% during the fourth quarter. Geode Capital Management LLC now owns 695,670 shares of the energy company’s stock worth $22,486,000 after buying an additional 2,647 shares during the period. 88.12% of the stock is owned by institutional investors.

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.