REX American Resources (NYSE:REX) Share Price Passes Above Two Hundred Day Moving Average – Here’s Why

REX American Resources Corporation (NYSE:REX)’s stock price crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $40.18 and traded as high as $45.19. REX American Resources shares last traded at $44.7450, with a volume of 249,946 shares traded.

Wall Street Analyst Weigh In

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 equities research analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, the company currently has an average rating of “Buy”.

REX American Resources Stock Performance

The company has a market capitalization of $1.50 billion, a PE ratio of 16.21 and a beta of 0.61. The firm’s 50-day simple moving average is $46.60 and its 200 day simple moving average is $40.26.

REX American Resources (NYSE:REX) last posted 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 for the quarter, compared to analyst estimates of $167.23 million.

Insider Buying and Selling at REX American Resources

In related news, insider Stuart A. Rose sold 69,335 shares of the stock in a transaction dated Wednesday, June 17th. The stock was sold at an average price of $43.77, for a total transaction of $3,034,792.95. Following the transaction, the insider directly owned 588,280 shares in the company, valued at approximately $25,749,015.60. This represents a 10.54% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CFO Douglas Bruggeman sold 5,086 shares of the firm’s stock in a transaction that occurred on 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 in the company, valued at $12,381,513.32. This represents a 1.96% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 107,086 shares of company stock valued at $4,734,709 in the last three months. 13.21% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On REX American Resources

Several hedge funds have recently modified their holdings of the stock. Vanguard Group Inc. grew its stake in REX American Resources by 3.8% during the 4th quarter. Vanguard Group Inc. now owns 2,529,944 shares of the energy company’s stock valued at $81,768,000 after purchasing an additional 93,312 shares in the last quarter. Dimensional Fund Advisors LP raised its position in shares of 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 purchasing an additional 1,015,668 shares in the last quarter. Mangrove Partners IM LLC boosted its stake in shares of REX American Resources by 92.8% during the 4th quarter. Mangrove Partners IM LLC now owns 1,015,234 shares of the energy company’s stock valued at $32,812,000 after buying an additional 488,682 shares during the last quarter. American Century Companies Inc. boosted its stake in shares of REX American Resources by 88.0% during the 3rd quarter. American Century Companies Inc. now owns 826,427 shares of the energy company’s stock valued at $25,305,000 after buying an additional 386,947 shares during the last quarter. Finally, Geode Capital Management LLC grew its position in shares of REX American Resources by 0.4% during the fourth quarter. Geode Capital Management LLC now owns 695,670 shares of the energy company’s stock worth $22,486,000 after buying an additional 2,647 shares in the last quarter. 88.12% of the stock is currently owned by hedge funds and other institutional investors.

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.