Hennion & Walsh Asset Management Inc. Raises Stake in REX American Resources Corporation $REX

Hennion & Walsh Asset Management Inc. raised its holdings in REX American Resources Corporation (NYSE:REX) by 25.1% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 57,550 shares of the energy company’s stock after purchasing an additional 11,551 shares during the quarter. Hennion & Walsh Asset Management Inc.’s holdings in REX American Resources were worth $2,598,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also made changes to their positions in REX. Vanguard Group Inc. boosted its stake in shares of REX American Resources by 3.8% during the fourth quarter. Vanguard Group Inc. now owns 2,529,944 shares of the energy company’s stock worth $81,768,000 after buying an additional 93,312 shares during the period. Dimensional Fund Advisors LP increased its position in 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 acquiring an additional 1,015,668 shares during the period. Mangrove Partners IM LLC increased its position in REX American Resources by 92.8% in 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 acquiring an additional 488,682 shares during the period. Geode Capital Management LLC raised its stake in REX American Resources by 0.4% during the 4th quarter. Geode Capital Management LLC now owns 695,670 shares of the energy company’s stock valued at $22,486,000 after acquiring an additional 2,647 shares during the last quarter. Finally, Invesco Ltd. raised its stake in REX American Resources by 31.8% during the 4th quarter. Invesco Ltd. now owns 538,768 shares of the energy company’s stock valued at $17,413,000 after acquiring an additional 129,911 shares during the last quarter. 88.12% of the stock is owned by hedge funds and other institutional investors.

REX American Resources Price Performance

Shares of REX stock opened at $43.45 on Tuesday. The business’s fifty day moving average price is $44.79 and its 200 day moving average price is $42.68. The firm has a market capitalization of $1.43 billion, a PE ratio of 15.49 and a beta of 0.64. REX American Resources Corporation has a 1-year low of $26.03 and a 1-year high of $53.36.

REX American Resources (NYSE:REX) last released 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.

Wall Street Analysts Forecast Growth

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

Insider Activity

In related news, 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 completion of the sale, the chief financial officer owned 254,084 shares in the company, valued at $12,381,513.32. This trade represents a 1.96% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Stuart A. Rose sold 15,186 shares of the business’s stock in a transaction that occurred 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 directly owned 573,094 shares in the company, valued at $25,009,822.16. This trade represents a 2.58% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 105,086 shares of company stock valued at $4,643,829 in the last quarter. Company insiders own 13.21% of the company’s stock.

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.