REX American Resources (NYSE:REX) Raised to “Strong-Buy” at Wall Street Zen

REX American Resources (NYSE:REX) was upgraded by research analysts at Wall Street Zen from a “buy” rating to a “strong-buy” rating in a note issued to investors on Saturday, Wall Street Zen reports.

Separately, Weiss Ratings lowered shares of REX American Resources from a “buy (b)” rating to a “buy (b-)” rating in a research note on Tuesday, October 27th. One analyst has rated the stock with a Buy rating. Based on data from MarketBeat, the company presently has an average rating of “Buy”.

REX American Resources Stock Performance

Shares of NYSE REX opened at $39.24 on Friday. The firm has a market cap of $1.30 billion, a P/E ratio of 10.75 and a beta of 0.60. The business’s 50 day moving average is $42.05 and its 200-day moving average is $42.34. REX American Resources has a 1-year low of $31.00 and a 1-year high of $53.36.

REX American Resources (NYSE:REX) last released its quarterly 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. REX American Resources had a net margin of 18.31% and a return on equity of 16.90%. The company had revenue of $168.49 million for the quarter, compared to analyst estimates of $194.81 million.

Insider Activity

In related news, insider Stuart Rose sold 50,000 shares of the firm’s stock in a transaction dated Wednesday, September 30th. The stock was sold at an average price of $42.55, for a total value of $2,127,500.00. Following the sale, the insider directly owned 2,278,324 shares of the company’s stock, valued at $96,942,686.20. This trade represents a 2.15% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders own 13.21% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of REX. Fifth Third Wealth Advisors LLC purchased a new stake in REX American Resources during the third quarter worth about $679,000. Sterling Capital Management LLC grew its holdings in REX American Resources by 486.7% during the 3rd quarter. Sterling Capital Management LLC now owns 927 shares of the energy company’s stock worth $40,000 after acquiring an additional 769 shares during the period. Axxcess Wealth Management LLC acquired a new position in REX American Resources during the third quarter worth approximately $231,000. Nisa Investment Advisors LLC increased its position in REX American Resources by 85.7% in the 3rd quarter. Nisa Investment Advisors LLC now owns 4,651 shares of the energy company’s stock valued at $202,000 after acquiring an additional 2,146 shares during the period. Finally, Robeco Institutional Asset Management B.V. grew its stake in REX American Resources by 101.0% in the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 9,367 shares of the energy company’s stock valued at $407,000 after purchasing an additional 4,706 shares during the period. 88.12% of the stock is owned by hedge funds and other institutional investors.

About REX American Resources

REX American Resources Corporation is an energy company focused primarily on the production of fuel ethanol and related coproducts. Through its ownership interests in ethanol production facilities, the company produces and markets ethanol, distillers grains used as an animal-feed ingredient, and corn oil, which can be used in animal feed, biodiesel production, and other industrial applications.

REX’s ethanol operations are located in the U.S. Midwest, including facilities and investments in states such as Iowa, Illinois, Nebraska, and Ohio.