REX American Resources (NYSE:REX) Insider Stuart Rose Sells 766 Shares of Stock

REX American Resources Corporation (NYSE:REX) insider Stuart Rose sold 766 shares of REX American Resources stock in a transaction dated Thursday, June 11th. The stock was sold at an average price of $44.14, for a total value of $33,811.24. Following the completion of the transaction, the insider owned 625,254 shares of the company’s stock, valued at $27,598,711.56. This trade represents a 0.12% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website.

REX American Resources Stock Down 2.4%

Shares of REX stock opened at $42.88 on Tuesday. The business has a 50 day moving average of $46.64 and a two-hundred day moving average of $39.45. REX American Resources Corporation has a 52 week low of $23.39 and a 52 week high of $53.36. The company has a market cap of $1.41 billion, a P/E ratio of 15.29 and a beta of 0.61.

REX American Resources (NYSE:REX) last issued its earnings results on Thursday, May 28th. The energy company reported $0.56 EPS for the quarter, beating analysts’ consensus estimates 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 during the quarter, compared to the consensus estimate of $167.23 million.

Analysts Set New Price Targets

Separately, Weiss Ratings upgraded REX American Resources from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Wednesday, June 3rd. One investment analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, REX American Resources has a consensus rating of “Buy”.

Hedge Funds Weigh In On REX American Resources

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in shares of REX American Resources by 4.4% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 9,161 shares of the energy company’s stock worth $344,000 after buying an additional 390 shares during the period. Aquatic Capital Management LLC boosted its position in shares of REX American Resources by 5.2% during the third quarter. Aquatic Capital Management LLC now owns 9,151 shares of the energy company’s stock worth $280,000 after buying an additional 450 shares during the period. Barclays PLC boosted its position in shares of REX American Resources by 0.6% during the fourth quarter. Barclays PLC now owns 83,598 shares of the energy company’s stock worth $2,702,000 after buying an additional 493 shares during the period. Horizon Investments LLC boosted its position in shares of REX American Resources by 2.8% during the fourth quarter. Horizon Investments LLC now owns 18,810 shares of the energy company’s stock worth $608,000 after buying an additional 514 shares during the period. Finally, Hantz Financial Services Inc. boosted its position in shares of REX American Resources by 133.4% during the fourth quarter. Hantz Financial Services Inc. now owns 901 shares of the energy company’s stock worth $29,000 after buying an additional 515 shares during the period. 88.12% of the stock is currently owned by institutional investors and hedge funds.

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.