Truist Financial Reaffirms “Buy” Rating for REX American Resources (NYSE:REX)

Truist Financial restated their buy rating on shares of REX American Resources (NYSE:REX) in a research note released on Friday morning, Benzinga reports. Truist Financial currently has a $70.00 price target on the energy company’s stock, up from their prior price target of $58.00.

Separately, StockNews.com raised shares of REX American Resources from a hold rating to a buy rating in a research note on Thursday, March 7th.

REX American Resources Stock Performance

NYSE:REX opened at $54.69 on Friday. The company has a market capitalization of $957.08 million, a P/E ratio of 15.76 and a beta of 1.07. The stock’s 50 day moving average price is $47.42 and its 200 day moving average price is $43.39. REX American Resources has a 52 week low of $27.47 and a 52 week high of $60.78.

Insider Activity at REX American Resources

In other news, CFO Douglas Bruggeman sold 2,000 shares of the business’s stock in a transaction on Tuesday, April 2nd. The shares were sold at an average price of $59.60, for a total value of $119,200.00. Following the completion of the sale, the chief financial officer now directly owns 88,605 shares in the company, valued at $5,280,858. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In other news, insider Stuart A. Rose sold 100,000 shares of the stock in a transaction that occurred on Wednesday, April 3rd. The stock was sold at an average price of $59.42, for a total value of $5,942,000.00. Following the completion of the sale, the insider now directly owns 1,512,305 shares of the company’s stock, valued at $89,861,163.10. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Douglas Bruggeman sold 2,000 shares of the business’s stock in a transaction on Tuesday, April 2nd. The stock was sold at an average price of $59.60, for a total transaction of $119,200.00. Following the transaction, the chief financial officer now directly owns 88,605 shares in the company, valued at approximately $5,280,858. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 111,984 shares of company stock valued at $6,643,493. Corporate insiders own 12.20% of the company’s stock.

Hedge Funds Weigh In On REX American Resources

Large investors have recently added to or reduced their stakes in the company. Captrust Financial Advisors lifted its holdings in shares of REX American Resources by 40.5% during the 1st quarter. Captrust Financial Advisors now owns 503 shares of the energy company’s stock worth $50,000 after acquiring an additional 145 shares during the period. AJOVista LLC bought a new position in REX American Resources during the fourth quarter worth about $29,000. Tower Research Capital LLC TRC boosted its holdings in REX American Resources by 185.9% during the third quarter. Tower Research Capital LLC TRC now owns 889 shares of the energy company’s stock valued at $25,000 after purchasing an additional 578 shares in the last quarter. Allspring Global Investments Holdings LLC grew its stake in shares of REX American Resources by 84.5% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 893 shares of the energy company’s stock valued at $36,000 after purchasing an additional 409 shares during the period. Finally, Qube Research & Technologies Ltd acquired a new position in shares of REX American Resources in the 3rd quarter worth approximately $40,000. Institutional investors and hedge funds own 88.12% of the company’s stock.

REX American Resources Company Profile

REX American Resources Corporation, together with its subsidiaries, produces and sells ethanol in the United States. The company also offers corn, distillers grains, non-food grade corn oil, gasoline, and natural gas. In addition, it provides dry distillers grains with solubles, which is used as a protein in animal feed.