REX American Resources (NYSE:REX) Stock Price Down 5.5% - Should You Sell?

Key Points

• REX American Resources shares fell 5.5% to about $42.38, with trading volume down 65% versus the average session. The company has a $1.41 billion market capitalization and trades at a P/E ratio of 11.63.
• REX reported quarterly earnings of $1.06 per share, exceeding the $0.42 consensus estimate, although revenue of $168.49 million fell short of expectations. The company posted an 18.31% net margin and 16.90% return on equity.
• Analysts maintain an overall “Buy” rating, while one insider sold 50,000 shares for approximately $2.13 million. Institutional investors and hedge funds own 88.12% of the company.

REX American Resources Corporation (NYSE:REX - Get Free Report) fell 5.5% on Friday. The stock traded as low as $42.87 and last traded at $42.3810. 70,472 shares were traded during mid-day trading, a decline of 65% from the average session volume of 199,542 shares. The stock had previously closed at $44.84.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on the company. Wall Street Zen lowered REX American Resources from a "strong-buy" rating to a "buy" rating in a research note on Saturday, October 3rd. Weiss Ratings lowered REX American Resources from a "buy (b)" rating to a "buy (b-)" rating in a report on Monday, August 24th. One investment analyst has rated the stock with a Buy rating, According to data from MarketBeat, the company presently has an average rating of "Buy".

REX American Resources Trading Down 5.5%

The business's fifty day moving average price is $43.07 and its 200 day moving average price is $44.85. The company has a market capitalization of $1.41 billion, a P/E ratio of 11.63 and a beta of 0.60.

REX American Resources (NYSE:REX - Get Free Report) last posted its earnings results on Wednesday, September 2nd. The energy company reported $1.06 earnings per share for the quarter, beating analysts' consensus estimates of $0.42 by $0.64. The business had revenue of $168.49 million for the quarter, compared to analysts' expectations 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 related news, insider Stuart Rose sold 50,000 shares of the firm's stock in a transaction that occurred on Wednesday, September 30th. The stock was sold at an average price of $42.55, for a total transaction of $2,127,500.00. Following the completion of the transaction, the insider owned 2,278,324 shares in the company, valued at $96,942,686.20. This trade represents a 2.15% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 13.21% of the company's stock.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of the stock. Farther Finance Advisors LLC grew its holdings in shares of REX American Resources by 800.3% in the 3rd quarter. Farther Finance Advisors LLC now owns 3,583 shares of the energy company's stock worth $156,000 after purchasing an additional 3,185 shares during the last quarter. Tidal Investments LLC bought a new position in REX American Resources during the 2nd quarter valued at about $218,000. Engineers Gate Manager LP lifted its holdings in REX American Resources by 58.3% during the 2nd quarter. Engineers Gate Manager LP now owns 12,660 shares of the energy company's stock valued at $572,000 after purchasing an additional 4,663 shares during the last quarter. Integrated Wealth Concepts LLC acquired a new position in REX American Resources in the second quarter valued at about $42,000. Finally, Nykredit A S acquired a new position in REX American Resources in the second quarter valued at about $88,000. 88.12% of the stock is currently owned by institutional investors and hedge funds.

REX American Resources Company Profile

REX American Resources Corporation is an ethanol production and investment company headquartered in Dayton, Ohio. Through its subsidiaries and equity investments, the company has interests in ethanol production facilities located primarily in the U.S. Midwest.

REX's principal products include fuel-grade ethanol, distillers grains and corn oil. Ethanol is produced from corn and sold for use as a renewable fuel and gasoline-blending component, while distillers grains and corn oil are marketed primarily for use in animal feed and other industrial applications.

The company's operations and investments have included facilities in states such as Illinois, Iowa and Minnesota.

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