REX American Resources (NYSE:REX) Stock Price Crosses Above 200-Day Moving Average – What’s Next?

REX American Resources Corporation (NYSE:REX)’s stock price crossed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $42.55 and traded as high as $44.38. REX American Resources shares last traded at $42.7870, with a volume of 131,221 shares traded.

Analysts Set New Price Targets

Separately, Weiss Ratings raised REX American Resources from a “buy (b-)” rating to a “buy (b)” rating in a research note on Thursday, July 9th. One equities research analyst has rated the stock with a Buy rating, Based on data from MarketBeat, REX American Resources currently has an average rating of “Buy”.

REX American Resources Trading Down 1.2%

The firm has a market cap of $1.41 billion, a PE ratio of 15.25 and a beta of 0.64. The business’s 50-day simple moving average is $44.91 and its 200 day simple moving average is $42.55.

REX American Resources (NYSE:REX) last announced its quarterly earnings results on Thursday, May 28th. The energy company reported $0.56 earnings per share for the quarter, topping the consensus estimate of $0.14 by $0.42. The firm had revenue of $156.50 million during the quarter, compared to analysts’ expectations of $167.23 million. REX American Resources had a net margin of 14.30% and a return on equity of 13.67%.

Insiders Place Their Bets

In other news, insider Stuart A. Rose sold 69,335 shares of the business’s stock in a transaction on Wednesday, June 17th. The stock was 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 directly owned 588,280 shares of the company’s stock, valued at approximately $25,749,015.60. The trade was a 10.54% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CFO Douglas Bruggeman sold 5,086 shares of the firm’s stock in a transaction dated Tuesday, June 2nd. The shares were sold at an average price of $48.73, for a total value of $247,840.78. Following the sale, the chief financial officer directly owned 254,084 shares in the company, valued at approximately $12,381,513.32. The trade was a 1.96% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 105,086 shares of company stock worth $4,643,829 over the last quarter. Company insiders own 13.21% of the company’s stock.

Hedge Funds Weigh In On REX American Resources

Several institutional investors and hedge funds have recently bought and sold shares of REX. BlackRock Inc. acquired a new stake in shares of REX American Resources in the 2nd quarter worth $255,640,000. Dimensional Fund Advisors LP increased its position in REX American Resources by 89.3% during 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 buying an additional 1,015,668 shares in the last quarter. M&T Bank Corp acquired a new position in REX American Resources during the 4th quarter valued at about $17,199,000. Mangrove Partners IM LLC raised its stake in REX American Resources by 92.8% in 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 buying an additional 488,682 shares during the last quarter. Finally, Invesco Ltd. raised its stake in REX American Resources by 140.8% in the third quarter. Invesco Ltd. now owns 408,857 shares of the energy company’s stock valued at $12,519,000 after buying an additional 239,043 shares during the last quarter. 88.12% of the stock is owned by hedge funds and other institutional investors.

REX American Resources Company Profile

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.