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

Key Points

• Wall Street Zen upgraded REX American Resources to “strong-buy” from “buy,” while Weiss Ratings slightly downgraded its assessment. MarketBeat reports an overall consensus rating of “Buy.”
• REX reported quarterly EPS of $1.06, exceeding the $0.42 consensus estimate, though revenue of $168.49 million fell short of the $194.81 million forecast.
• REX shares opened at $39.24, with a $1.30 billion market capitalization and a 52-week range of $31.00 to $53.36. Insider Stuart Rose sold 50,000 shares, while institutional investors and hedge funds own 88.12% of the stock.

REX American Resources (NYSE:REX - Get Free Report) was upgraded by equities research analysts at Wall Street Zen from a "buy" rating to a "strong-buy" rating in a research report issued on Saturday, Wall Street Zen reports.

Separately, Weiss Ratings cut REX American Resources from a "buy (b)" rating to a "buy (b-)" rating in a research report on Tuesday. One equities research analyst has rated the stock with a Buy rating. According to MarketBeat, the stock has a consensus rating of "Buy".

REX American Resources Stock Performance

Shares of REX opened at $39.24 on Friday. The company has a market capitalization of $1.30 billion, a PE ratio of 10.75 and a beta of 0.60. The company's 50 day moving average price is $42.05 and its 200 day moving average price is $42.34. REX American Resources has a 52 week low of $31.00 and a 52 week high of $53.36.

REX American Resources (NYSE:REX - Get Free Report) last announced its quarterly earnings results 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 Activity at REX American Resources

In other news, insider Stuart Rose sold 50,000 shares of the business's stock in a transaction that occurred on Wednesday, September 30th. The shares were sold at an average price of $42.55, for a total value of $2,127,500.00. Following the completion of the transaction, the insider directly owned 2,278,324 shares in the company, valued at approximately $96,942,686.20. The trade was a 2.15% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 13.21% of the company's stock.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the business. Public Employees Retirement System of Ohio purchased a new stake in shares of REX American Resources during the 2nd quarter valued at $27,000. Rockefeller Capital Management L.P. boosted its stake in REX American Resources by 359.2% during the fourth quarter. Rockefeller Capital Management L.P. now owns 900 shares of the energy company's stock worth $29,000 after acquiring an additional 704 shares in the last quarter. Danske Bank A S bought a new stake in REX American Resources during the second quarter worth about $41,000. Integrated Wealth Concepts LLC purchased a new stake in REX American Resources in the second quarter worth about $42,000. Finally, Sterling Capital Management LLC grew its holdings in REX American Resources by 486.7% in the third quarter. Sterling Capital Management LLC now owns 927 shares of the energy company's stock worth $40,000 after purchasing an additional 769 shares during the period. Institutional investors and hedge funds own 88.12% of the company's stock.

About REX American Resources

REX American Resources Corporation is an energy company focused primarily on the production of fuel ethanol and related coproducts. Through its ownership interests in ethanol production facilities, the company produces and markets ethanol, distillers grains used as an animal-feed ingredient, and corn oil, which can be used in animal feed, biodiesel production, and other industrial applications.

REX's ethanol operations are located in the U.S. Midwest, including facilities and investments in states such as Iowa, Illinois, Nebraska, and Ohio.

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