Stuart Rose Sells 15,186 Shares of REX American Resources (NYSE:REX) Stock

REX American Resources Corporation (NYSE:REX) insider Stuart Rose sold 15,186 shares of the firm’s stock in a transaction on Thursday, June 18th. The shares were sold at an average price of $43.64, for a total value of $662,717.04. Following the sale, the insider directly owned 573,094 shares of the company’s stock, valued at $25,009,822.16. This represents a 2.58% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

REX American Resources Stock Performance

REX American Resources stock opened at $43.38 on Wednesday. The firm has a market cap of $1.43 billion, a P/E ratio of 15.47 and a beta of 0.61. The business’s fifty day moving average is $46.50 and its two-hundred day moving average is $39.89. REX American Resources Corporation has a 52 week low of $23.82 and a 52 week high of $53.36.

REX American Resources (NYSE:REX) last announced its earnings results on Thursday, May 28th. The energy company reported $0.56 EPS for the quarter, topping the consensus estimate 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 company had revenue of $156.50 million for the quarter, compared to analysts’ expectations of $167.23 million.

Institutional Trading of REX American Resources

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Vanguard Group Inc. boosted 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 valued at $74,610,000 after purchasing an additional 1,224,274 shares during the last quarter. Dimensional Fund Advisors LP raised its stake in shares of 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 worth $65,923,000 after buying an additional 1,015,668 shares during the last quarter. M&T Bank Corp bought a new stake in shares of REX American Resources during the fourth quarter worth approximately $17,199,000. Mangrove Partners IM LLC acquired a new position in REX American Resources in the third quarter valued at approximately $16,123,000. Finally, American Century Companies Inc. boosted its stake in REX American Resources by 88.0% in the third quarter. American Century Companies Inc. now owns 826,427 shares of the energy company’s stock valued at $25,305,000 after acquiring an additional 386,947 shares during the last quarter. 88.12% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Separately, Weiss Ratings raised shares of REX American Resources from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Wednesday, June 3rd. One investment analyst has rated the stock with a Buy rating, Based on data from MarketBeat, REX American Resources currently has an average rating of “Buy”.

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.