REX American Resources (NYSE:REX) Shares Pass Above 200-Day Moving Average - Should You Sell?

Key Points

• REX American Resources shares moved above their 200-day moving average of $43.11, reaching $45.46 before trading near $44.08. The stock has a market capitalization of about $1.45 billion and a P/E ratio of 15.72.
• The company reported quarterly earnings of $0.56 per share, beating analysts’ $0.14 consensus estimate, although revenue of $156.5 million fell short of the $167.23 million forecast. MarketBeat’s analyst data shows an average “Buy” rating.
• Insiders sold 105,086 shares worth approximately $4.64 million during the last quarter, while institutional investors own 88.12% of the stock; BlackRock also recently acquired a new position.

REX American Resources Corporation (NYSE:REX - Get Free Report) shares passed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $43.11 and traded as high as $45.46. REX American Resources shares last traded at $44.0820, with a volume of 180,635 shares traded.

Analysts Set New Price Targets

Separately, Weiss Ratings raised REX American Resources from a "buy (b-)" rating to a "buy (b)" rating in a research report on Thursday, July 9th. One analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, the stock currently has an average rating of "Buy".

REX American Resources Stock Performance

The stock has a market cap of $1.45 billion, a P/E ratio of 15.72 and a beta of 0.64. The firm's 50 day moving average is $44.60 and its 200 day moving average is $43.11.

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

Insider Buying and Selling at REX American Resources

In other news, insider Stuart A. Rose sold 15,186 shares of the stock in a transaction on Thursday, June 18th. The stock was sold at an average price of $43.64, for a total transaction of $662,717.04. Following the completion of the sale, the insider owned 573,094 shares in the company, valued at approximately $25,009,822.16. This represents a 2.58% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CFO Douglas Bruggeman sold 5,086 shares of the firm's stock in a transaction on Tuesday, June 2nd. The stock was sold at an average price of $48.73, for a total value of $247,840.78. Following the completion of the sale, the chief financial officer directly owned 254,084 shares of the company's stock, valued at $12,381,513.32. The trade was a 1.96% decrease in their position. The SEC filing for this sale provides additional information. In the last quarter, insiders have sold 105,086 shares of company stock valued at $4,643,829. Company insiders own 13.21% of the company's stock.

Institutional Investors Weigh In On REX American Resources

Several institutional investors have recently added to or reduced their stakes in the business. BlackRock Inc. acquired a new position in shares of REX American Resources during the second quarter valued at about $255,640,000. Vanguard Group Inc. boosted its stake in REX American Resources by 3.8% in the 4th quarter. Vanguard Group Inc. now owns 2,529,944 shares of the energy company's stock worth $81,768,000 after purchasing an additional 93,312 shares in the last quarter. Dimensional Fund Advisors LP boosted its stake 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 in the last quarter. Mangrove Partners IM LLC grew its position in 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 worth $32,812,000 after purchasing an additional 488,682 shares during the last quarter. Finally, Geode Capital Management LLC grew its position in REX American Resources by 0.4% during the 4th quarter. Geode Capital Management LLC now owns 695,670 shares of the energy company's stock worth $22,486,000 after purchasing an additional 2,647 shares during the last quarter. Institutional investors and hedge funds 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source