Stuart Rose Sells 1,129 Shares of REX American Resources (NYSE:REX) Stock

REX American Resources Corporation (NYSE:REX) insider Stuart Rose sold 1,129 shares of the company’s stock in a transaction dated Wednesday, June 10th. The stock was sold at an average price of $44.52, for a total transaction of $50,263.08. Following the completion of the sale, the insider owned 626,020 shares in the company, valued at approximately $27,870,410.40. This trade represents a 0.18% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

REX American Resources Stock Performance

Shares of REX opened at $43.85 on Friday. The firm’s 50-day simple moving average is $46.69 and its two-hundred day simple moving average is $39.33. The stock has a market cap of $1.44 billion, a PE ratio of 15.63 and a beta of 0.61. REX American Resources Corporation has a fifty-two week low of $22.56 and a fifty-two week high of $53.36.

REX American Resources (NYSE:REX) last issued its earnings results on Thursday, May 28th. The energy company reported $0.56 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.14 by $0.42. The firm had revenue of $156.50 million for 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%.

Analyst Ratings Changes

Separately, Weiss Ratings upgraded shares of REX American Resources from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Wednesday, June 3rd. One 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”.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in REX. Vanguard Group Inc. lifted its position in REX American Resources by 101.0% during the third quarter. Vanguard Group Inc. now owns 2,436,632 shares of the energy company’s stock valued at $74,610,000 after purchasing an additional 1,224,274 shares during the period. Dimensional Fund Advisors LP lifted its position in REX American Resources by 89.3% during the third quarter. Dimensional Fund Advisors LP now owns 2,152,938 shares of the energy company’s stock valued at $65,923,000 after purchasing an additional 1,015,668 shares during the period. M&T Bank Corp bought a new position in REX American Resources during the fourth quarter valued at approximately $17,199,000. Mangrove Partners IM LLC bought a new position in REX American Resources during the third quarter valued at approximately $16,123,000. Finally, American Century Companies Inc. lifted its position in REX American Resources by 88.0% during the third quarter. American Century Companies Inc. now owns 826,427 shares of the energy company’s stock valued at $25,305,000 after purchasing an additional 386,947 shares during the period. Institutional investors own 88.12% of the company’s stock.

About REX American Resources

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.