Truist Financial Reiterates Buy Rating for REX American Resources (NYSE:REX)

REX American Resources (NYSE:REX - Get Free Report)'s stock had its "buy" rating restated by investment analysts at Truist Financial in a report released on Friday, Benzinga reports. They presently have a $70.00 target price on the energy company's stock, up from their prior target price of $58.00. Truist Financial's target price indicates a potential upside of 23.41% from the company's current price.

Separately, StockNews.com upgraded REX American Resources from a "hold" rating to a "buy" rating in a research report on Thursday, March 7th.

REX American Resources Stock Down 0.7 %

Shares of REX traded down $0.40 during midday trading on Friday, reaching $56.72. 131,792 shares of the stock were exchanged, compared to its average volume of 135,311. REX American Resources has a twelve month low of $27.47 and a twelve month high of $60.78. The company has a market cap of $992.60 million, a P/E ratio of 16.35 and a beta of 1.07. The stock's 50 day simple moving average is $47.14 and its 200 day simple moving average is $43.25.

Insider Transactions at REX American Resources

In other news, insider Stuart A. Rose sold 100,000 shares of the business's stock in a transaction dated Wednesday, April 3rd. The stock was sold at an average price of $59.42, for a total transaction of $5,942,000.00. Following the sale, the insider now directly owns 1,512,305 shares in the company, valued at $89,861,163.10. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. In related news, insider Stuart A. Rose sold 100,000 shares of the company's stock in a transaction that occurred on Wednesday, April 3rd. The stock was sold at an average price of $59.42, for a total value of $5,942,000.00. Following the sale, the insider now directly owns 1,512,305 shares in the company, valued at $89,861,163.10. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Douglas Bruggeman sold 2,000 shares of the stock in a transaction that occurred on Tuesday, April 2nd. The stock was sold at an average price of $59.60, for a total value of $119,200.00. Following the transaction, the chief financial officer now owns 88,605 shares in the company, valued at $5,280,858. The disclosure for this sale can be found here. Over the last three months, insiders have sold 111,984 shares of company stock worth $6,643,493. Insiders own 12.20% of the company's stock.

Hedge Funds Weigh In On REX American Resources

Large investors have recently modified their holdings of the company. Tower Research Capital LLC TRC raised its position in REX American Resources by 185.9% in the 3rd quarter. Tower Research Capital LLC TRC now owns 889 shares of the energy company's stock valued at $25,000 after buying an additional 578 shares during the last quarter. AJOVista LLC purchased a new stake in REX American Resources in the 4th quarter valued at $29,000. Allspring Global Investments Holdings LLC raised its position in REX American Resources by 84.5% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 893 shares of the energy company's stock valued at $36,000 after buying an additional 409 shares during the last quarter. Qube Research & Technologies Ltd purchased a new stake in REX American Resources in the 3rd quarter valued at $40,000. Finally, Captrust Financial Advisors raised its position in REX American Resources by 40.5% in the 1st quarter. Captrust Financial Advisors now owns 503 shares of the energy company's stock valued at $50,000 after buying an additional 145 shares during the last quarter. 88.12% of the stock is currently owned by institutional investors.

About REX American Resources

REX American Resources Corporation, together with its subsidiaries, produces and sells ethanol in the United States. The company also offers corn, distillers grains, non-food grade corn oil, gasoline, and natural gas. In addition, it provides dry distillers grains with solubles, which is used as a protein in animal feed.