REX American Resources (NYSE:REX) Insider Sells 50,000 Shares of Stock

Key Points

• Insider Stuart Rose sold 50,000 REX shares at an average price of $42.55, generating $2.13 million; he retains 2.28 million shares valued at approximately $96.9 million.
• REX shares declined 1.6% to $42.77, with a market capitalization of $1.42 billion and a price-to-earnings ratio of 11.80.
• The company reported quarterly EPS of $1.06, beating estimates of $0.42, although revenue of $168.49 million fell short of the $194.81 million consensus forecast; analysts maintain an overall “Buy” rating.

REX American Resources Corporation (NYSE:REX - Get Free Report) insider Stuart Rose sold 50,000 shares of the stock in a transaction that occurred on Wednesday, September 30th. The stock was sold at an average price of $42.55, for a total value of $2,127,500.00. Following the sale, the insider owned 2,278,324 shares in the company, valued at $96,942,686.20. The trade was a 2.15% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link.

REX American Resources Trading Down 1.6%

NYSE:REX traded down $0.68 during mid-day trading on Thursday, hitting $42.77. The stock had a trading volume of 13,894 shares, compared to its average volume of 196,403. The company has a 50 day simple moving average of $43.03 and a 200-day simple moving average of $44.69. The stock has a market capitalization of $1.42 billion, a price-to-earnings ratio of 11.80 and a beta of 0.63. REX American Resources Corporation has a 52 week low of $30.31 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 EPS for the quarter, beating the consensus estimate of $0.42 by $0.64. The company had revenue of $168.49 million for the quarter, compared to analyst estimates of $194.81 million. REX American Resources had a net margin of 18.31% and a return on equity of 16.90%.

Hedge Funds Weigh In On REX American Resources

Several hedge funds have recently made changes to their positions in REX. Public Employees Retirement System of Ohio bought a new stake in REX American Resources during the second quarter worth approximately $27,000. Rockefeller Capital Management L.P. lifted its position in shares of REX American Resources by 359.2% during the 4th quarter. Rockefeller Capital Management L.P. now owns 900 shares of the energy company's stock valued at $29,000 after acquiring an additional 704 shares during the last quarter. Hantz Financial Services Inc. boosted its stake in shares of REX American Resources by 133.4% during the 4th quarter. Hantz Financial Services Inc. now owns 901 shares of the energy company's stock worth $29,000 after acquiring an additional 515 shares in the last quarter. Danske Bank A S acquired a new position in shares of REX American Resources in the 2nd quarter worth $41,000. Finally, Integrated Wealth Concepts LLC acquired a new stake in shares of REX American Resources during the second quarter worth $42,000. Institutional investors and hedge funds own 88.12% of the company's stock.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on REX. Wall Street Zen raised REX American Resources from a "buy" rating to a "strong-buy" rating in a report on Saturday, September 5th. Weiss Ratings cut shares of REX American Resources from a "buy (b)" rating to a "buy (b-)" rating in a research note on Monday, August 24th. One equities research analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, REX American Resources currently has an average rating of "Buy".

About REX American Resources

REX American Resources Corporation is a renewable fuels company that produces and markets ethanol and related coproducts. Its operations are focused on the conversion of corn into fuel-grade ethanol, distillers grains used primarily as animal feed, and corn distillers oil, which can be used in animal feed and renewable-fuel applications.

The company owns and operates, or holds interests in, ethanol production facilities located in the Midwestern United States, including facilities in states such as Illinois and South Dakota.

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