The Manufacturers Life Insurance Company Takes Position in REX American Resources Corporation $REX

The Manufacturers Life Insurance Company purchased a new position in shares of REX American Resources Corporation (NYSE:REX) in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 12,218 shares of the energy company’s stock, valued at approximately $552,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of REX. BlackRock Inc. purchased a new stake in REX American Resources in the 2nd quarter valued at about $255,640,000. Vanguard Group Inc. boosted its stake in REX American Resources by 3.8% during the fourth quarter. Vanguard Group Inc. now owns 2,529,944 shares of the energy company’s stock worth $81,768,000 after buying an additional 93,312 shares during the period. Dimensional Fund Advisors LP increased its position in shares of 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 acquiring an additional 1,015,668 shares during the last quarter. Mangrove Partners IM LLC increased its position in shares of REX American Resources by 92.8% during the fourth quarter. Mangrove Partners IM LLC now owns 1,015,234 shares of the energy company’s stock valued at $32,812,000 after acquiring an additional 488,682 shares during the last quarter. Finally, Geode Capital Management LLC raised its stake in shares of REX American Resources by 0.4% in the 4th quarter. Geode Capital Management LLC now owns 695,670 shares of the energy company’s stock valued at $22,486,000 after acquiring an additional 2,647 shares during the period. 88.12% of the stock is owned by institutional investors and hedge funds.

REX American Resources Price Performance

Shares of NYSE:REX opened at $41.51 on Monday. The firm has a market capitalization of $1.38 billion, a PE ratio of 11.37 and a beta of 0.63. REX American Resources Corporation has a 1 year low of $30.02 and a 1 year high of $53.36. The firm’s 50-day moving average is $44.29 and its two-hundred day moving average is $43.84.

REX American Resources (NYSE:REX) last posted its quarterly earnings data on Wednesday, September 2nd. The energy company reported $1.06 EPS for the quarter, beating the consensus estimate of $0.42 by $0.64. The business had revenue of $168.49 million during the quarter, compared to analyst estimates of $194.81 million. REX American Resources had a net margin of 18.31% and a return on equity of 16.90%.

Analyst Ratings Changes

REX has been the subject of a number of research analyst reports. Weiss Ratings cut shares of REX American Resources from a “buy (b)” rating to a “buy (b-)” rating in a research report on Monday, August 24th. Wall Street Zen raised REX American Resources from a “buy” rating to a “strong-buy” rating in a research report on Saturday. One equities research analyst has rated the stock with a Buy rating, According to data from MarketBeat, REX American Resources currently has a consensus rating of “Buy”.

Insider Buying and Selling

In other REX American Resources news, insider Stuart Rose sold 69,335 shares of the business’s stock in a transaction on Wednesday, June 17th. The shares were sold at an average price of $43.77, for a total value 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. The trade was a 10.54% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Over the last three months, insiders have sold 86,416 shares of company stock valued at $3,781,584. Company insiders own 13.21% 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.