REX American Resources (NYSE:REX) Upgraded at Wall Street Zen

Key Points

• Wall Street Zen upgraded REX American Resources from “buy” to “strong-buy,” while Weiss Ratings slightly downgraded it; MarketBeat’s overall analyst consensus remains “Buy.”
• REX reported quarterly EPS of $1.06, beating the $0.42 consensus estimate, although revenue of $168.49 million fell short of the $194.81 million forecast.
• The stock opened at $41.51, with a $1.37 billion market capitalization, while institutional investors own 88.12% of shares; insiders have sold 100,000 shares over the past three months.

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

Separately, Weiss Ratings downgraded 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 data from MarketBeat, REX American Resources has an average rating of "Buy".

REX American Resources Trading Down 0.3%

REX American Resources stock opened at $41.51 on Friday. REX American Resources has a 1-year low of $30.02 and a 1-year high of $53.36. The firm has a market capitalization of $1.37 billion, a PE ratio of 11.37 and a beta of 0.63. The firm's 50 day simple moving average is $44.29 and its 200 day simple moving average is $43.76.

REX American Resources (NYSE:REX - Get Free Report) last announced its quarterly earnings results on Wednesday, September 2nd. The energy company reported $1.06 EPS for the quarter, beating the consensus estimate of $0.42 by $0.64. The firm had revenue of $168.49 million during the quarter, compared to the consensus estimate of $194.81 million. REX American Resources had a net margin of 18.31% and a return on equity of 16.90%.

Insider Activity

In other news, insider Stuart Rose sold 69,335 shares of the stock in a transaction dated Wednesday, June 17th. The stock was sold at an average price of $43.77, for a total transaction of $3,034,792.95. Following the transaction, the insider directly owned 588,280 shares in the company, valued at approximately $25,749,015.60. This represents a 10.54% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In the last three months, insiders sold 100,000 shares of company stock valued at $4,395,989. 13.21% of the stock is currently owned by corporate insiders.

Institutional Trading of REX American Resources

Several hedge funds and other institutional investors have recently bought and sold shares of REX. BlackRock Inc. purchased a new position in shares of REX American Resources during the second quarter worth approximately $255,640,000. Vanguard Group Inc. grew its holdings in shares of REX American Resources by 3.8% during the 4th quarter. Vanguard Group Inc. now owns 2,529,944 shares of the energy company's stock valued at $81,768,000 after purchasing an additional 93,312 shares during the last quarter. Dimensional Fund Advisors LP raised its position in 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. California State Teachers Retirement System grew its stake in shares of REX American Resources by 6,036.6% during the second quarter. California State Teachers Retirement System now owns 1,767,171 shares of the energy company's stock valued at $79,788,000 after buying an additional 1,738,374 shares during the last quarter. Finally, Mangrove Partners IM LLC increased its stake in REX American Resources by 92.8% in the 4th quarter. Mangrove Partners IM LLC now owns 1,015,234 shares of the energy company's stock worth $32,812,000 after purchasing an additional 488,682 shares during the period. Hedge funds and other institutional investors own 88.12% of the company's stock.

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.

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