Shares of REX American Resources Corporation (NYSE:REX - Get Free Report) passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $42.55 and traded as high as $44.38. REX American Resources shares last traded at $42.7870, with a volume of 131,221 shares traded.
Analysts Set New Price Targets
Separately, Weiss Ratings raised shares of REX American Resources from a "buy (b-)" rating to a "buy (b)" rating in a research note on Thursday, July 9th. One equities research analyst has rated the stock with a Buy rating, According to data from MarketBeat, the company has a consensus rating of "Buy".
View Our Latest Report on REX
REX American Resources Trading Down 1.2%
The company has a fifty day moving average of $44.91 and a 200-day moving average of $42.55. The stock has a market cap of $1.41 billion, a PE ratio of 15.25 and a beta of 0.64.
REX American Resources (NYSE:REX - Get Free Report) last released 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. REX American Resources had a return on equity of 13.67% and a net margin of 14.30%.The company had revenue of $156.50 million during the quarter, compared to the consensus estimate of $167.23 million.
Insider Activity at REX American Resources
In other REX American Resources news, CFO Douglas Bruggeman sold 5,086 shares of REX American Resources stock in a transaction dated 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 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 sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider Stuart A. Rose sold 69,335 shares of the stock in a transaction that occurred on Wednesday, June 17th. The shares were sold at an average price of $43.77, for a total transaction of $3,034,792.95. Following the completion of the transaction, the insider owned 588,280 shares in the company, valued at $25,749,015.60. This represents a 10.54% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 105,086 shares of company stock valued at $4,643,829 in the last quarter. 13.21% of the stock is currently owned by company insiders.
Institutional Investors Weigh In On REX American Resources
A number of institutional investors and hedge funds have recently bought and sold shares of REX. BlackRock Inc. acquired a new position in shares of REX American Resources during the 2nd quarter worth $255,640,000. Dimensional Fund Advisors LP grew 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 valued at $65,923,000 after acquiring an additional 1,015,668 shares during the last quarter. M&T Bank Corp purchased a new position in REX American Resources during the fourth quarter worth $17,199,000. Mangrove Partners IM LLC grew its stake in REX American Resources by 92.8% in the 4th quarter. Mangrove Partners IM LLC now owns 1,015,234 shares of the energy company's stock worth $32,812,000 after acquiring an additional 488,682 shares during the period. Finally, Invesco Ltd. increased its position in REX American Resources by 140.8% during the third quarter. Invesco Ltd. now owns 408,857 shares of the energy company's stock worth $12,519,000 after purchasing an additional 239,043 shares during the last quarter. 88.12% of the stock is owned by hedge funds and other institutional investors.
REX American Resources Company Profile
(
Get Free Report)
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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