REX American Resources (NYSE:REX) Shares Pass Above 200 Day Moving Average – What’s Next?

REX American Resources Corporation (NYSE:REX)’s share price crossed above its 200-day moving average during trading on Friday . The stock has a 200-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 changing hands.

Analysts Set New Price Targets

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

REX American Resources Stock Down 1.2%

The firm has a market capitalization of $1.41 billion, a price-to-earnings ratio of 15.25 and a beta of 0.64. The stock’s 50 day moving average price is $44.91 and its two-hundred day moving average price is $42.55.

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

Insider Buying and Selling

In related news, insider Stuart A. Rose sold 15,186 shares of the business’s stock in a transaction on Thursday, June 18th. The stock was sold at an average price of $43.64, for a total value of $662,717.04. Following the sale, the insider owned 573,094 shares of the company’s stock, valued at $25,009,822.16. The trade was a 2.58% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Douglas Bruggeman sold 5,086 shares of the stock in a transaction dated Tuesday, June 2nd. The stock was sold at an average price of $48.73, for a total transaction 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. This represents a 1.96% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 105,086 shares of company stock worth $4,643,829 in the last ninety days. Insiders own 13.21% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in REX. Hantz Financial Services Inc. boosted its position in REX American Resources by 133.4% during the 4th quarter. Hantz Financial Services Inc. now owns 901 shares of the energy company’s stock worth $29,000 after acquiring an additional 515 shares during the last quarter. Rockefeller Capital Management L.P. increased its stake in REX American Resources by 359.2% in the fourth quarter. Rockefeller Capital Management L.P. now owns 900 shares of the energy company’s stock valued at $29,000 after acquiring an additional 704 shares during the last quarter. Parallel Advisors LLC boosted its stake in shares of REX American Resources by 97.6% in the 3rd quarter. Parallel Advisors LLC now owns 1,142 shares of the energy company’s stock valued at $35,000 after purchasing an additional 564 shares in the last quarter. Simplex Trading LLC acquired a new position in shares of REX American Resources during the fourth quarter worth $35,000. Finally, US Bancorp DE boosted its holdings in shares of REX American Resources by 100.0% during the 3rd quarter. US Bancorp DE now owns 2,680 shares of the energy company’s stock valued at $82,000 after acquiring an additional 1,340 shares in the last quarter. 88.12% of the stock is currently owned by 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.