5,662,010 Shares in REX American Resources Corporation $REX Purchased by BlackRock Inc.

BlackRock Inc. bought a new stake in shares of REX American Resources Corporation (NYSE:REX) during the 2nd quarter, Holdings Channel.com reports. The institutional investor bought 5,662,010 shares of the energy company’s stock, valued at approximately $255,640,000. BlackRock Inc. owned 0.17% of REX American Resources as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. Deutsche Bank AG purchased a new stake in REX American Resources during the 2nd quarter valued at approximately $1,405,000. Bank of New York Mellon Corp purchased a new position in shares of REX American Resources in the second quarter worth $8,599,000. State of Wyoming purchased a new position in shares of REX American Resources in the second quarter worth $228,000. Hennion & Walsh Asset Management Inc. boosted its position in shares of REX American Resources by 25.1% during the second quarter. Hennion & Walsh Asset Management Inc. now owns 57,550 shares of the energy company’s stock worth $2,598,000 after acquiring an additional 11,551 shares during the last quarter. Finally, Empowered Funds LLC boosted its position in shares of REX American Resources by 5.0% during the first quarter. Empowered Funds LLC now owns 164,164 shares of the energy company’s stock worth $7,481,000 after acquiring an additional 7,784 shares during the last quarter. 88.12% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at REX American Resources

In related news, CFO Douglas Bruggeman sold 5,086 shares of REX American Resources stock in a transaction dated Tuesday, June 2nd. The stock was sold at an average price of $48.73, for a total value of $247,840.78. Following the completion of the transaction, the chief financial officer owned 254,084 shares in the company, valued at approximately $12,381,513.32. This trade represents a 1.96% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Stuart A. Rose sold 69,335 shares of the business’s stock in a transaction that occurred 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 sale, the insider directly 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 SEC filing for this sale provides additional information. In the last ninety days, insiders sold 105,086 shares of company stock valued at $4,643,829. 13.21% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings downgraded shares of REX American Resources from a “buy (b)” rating to a “buy (b-)” rating in a report on Monday. One research analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, the company has a consensus rating of “Buy”.

REX American Resources Stock Up 2.8%

REX stock opened at $42.68 on Thursday. REX American Resources Corporation has a 52 week low of $29.86 and a 52 week high of $53.36. The firm has a market capitalization of $1.41 billion, a P/E ratio of 15.22 and a beta of 0.64. The company has a fifty day simple moving average of $44.57 and a two-hundred day simple moving average of $43.49.

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, topping analysts’ consensus estimates of $0.14 by $0.42. The firm had revenue of $156.50 million for the quarter, compared to the consensus estimate of $167.23 million. REX American Resources had a net margin of 14.30% and a return on equity of 13.67%.

REX American Resources 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.