BlackRock Inc. Acquires Shares of 5,662,010 REX American Resources Corporation $REX

BlackRock Inc. bought a new position in REX American Resources Corporation (NYSE:REX - Free Report) during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 5,662,010 shares of the energy company's stock, valued at approximately $255,640,000. BlackRock Inc. owned approximately 17.19% of REX American Resources as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds also recently made changes to their positions in REX. Y Intercept Hong Kong Ltd purchased a new stake in REX American Resources during the first quarter valued at $1,800,000. Arrowstreet Capital Limited Partnership boosted 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 last quarter. Intech Investment Management LLC boosted its position in REX American Resources by 195.0% in the fourth quarter. Intech Investment Management LLC now owns 83,357 shares of the energy company's stock worth $2,694,000 after purchasing an additional 55,101 shares during the last quarter. Louisiana State Employees Retirement System bought a new stake in shares of REX American Resources during the 1st quarter valued at about $574,000. Finally, Mangrove Partners IM LLC grew its stake in shares of REX American Resources by 92.8% during the 4th 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 during the period. Institutional investors own 88.12% of the company's stock.

Insider Buying and Selling

In other REX American Resources news, insider Stuart A. Rose sold 15,186 shares of REX American Resources stock in a transaction that occurred on Thursday, June 18th. The shares were sold at an average price of $43.64, for a total transaction of $662,717.04. Following the transaction, the insider owned 573,094 shares of the company's stock, valued at $25,009,822.16. The trade was a 2.58% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Douglas Bruggeman sold 5,086 shares of the company's stock in a transaction that occurred on Tuesday, June 2nd. The stock was sold at an average price of $48.73, for a total transaction of $247,840.78. Following the completion of the transaction, the chief financial officer owned 254,084 shares of the company's stock, valued at approximately $12,381,513.32. The trade was a 1.96% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last 90 days, insiders have sold 105,086 shares of company stock worth $4,643,829. 13.21% of the stock is owned by company insiders.

REX American Resources Stock Up 2.8%

Shares of REX opened at $42.68 on Thursday. The business has a 50-day simple moving average of $44.57 and a two-hundred day simple moving average of $43.49. The stock has a market cap of $1.41 billion, a price-to-earnings ratio of 15.22 and a beta of 0.64. REX American Resources Corporation has a 52 week low of $29.86 and a 52 week high of $53.36.

REX American Resources (NYSE:REX - Get Free Report) last posted its quarterly earnings data on Thursday, May 28th. The energy company reported $0.56 earnings per share for the quarter, beating analysts' consensus estimates of $0.14 by $0.42. The firm had revenue of $156.50 million for the quarter, compared to analysts' expectations of $167.23 million. REX American Resources had a return on equity of 13.67% and a net margin of 14.30%.

Analyst Ratings Changes

Separately, Weiss Ratings downgraded shares of REX American Resources from a "buy (b)" rating to a "buy (b-)" rating in a report on Monday. One analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, REX American Resources presently has a consensus 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.

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