REX American Resources (NYSE:REX) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of REX American Resources (NYSE:REX) from a buy rating to a strong-buy rating in a research note published on Saturday morning,Wall Street Zen reports.

Separately, Weiss Ratings cut shares of REX American Resources from a “buy (b)” rating to a “buy (b-)” rating in a research report on Tuesday, October 27th. One research analyst has rated the stock with a Buy rating. According to MarketBeat.com, the company currently has a consensus rating of “Buy”.

REX American Resources Stock Down 1.5%

REX opened at $38.63 on Friday. REX American Resources has a 12-month low of $31.00 and a 12-month high of $53.36. The stock has a market cap of $1.28 billion, a price-to-earnings ratio of 10.58 and a beta of 0.60. The business has a 50 day moving average of $41.93 and a 200-day moving average of $42.36.

REX American Resources (NYSE:REX) last posted its earnings results on Wednesday, September 2nd. The energy company reported $1.06 earnings per share for the quarter, topping analysts’ consensus estimates of $0.42 by $0.64. REX American Resources had a return on equity of 16.90% and a net margin of 18.31%. The business had revenue of $168.49 million for the quarter, compared to analyst estimates of $194.81 million.

Insiders Place Their Bets

In other REX American Resources news, insider Stuart Rose sold 50,000 shares of the stock in a transaction dated Wednesday, September 30th. The shares were sold at an average price of $42.55, for a total value of $2,127,500.00. Following the transaction, the insider directly owned 2,278,324 shares of the company’s stock, valued at $96,942,686.20. This represents a 2.15% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 13.21% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On REX American Resources

Institutional investors and hedge funds have recently made changes to their positions in the company. BlackRock Inc. bought a new position in REX American Resources during the second quarter worth about $255,640,000. Arrowstreet Capital Limited Partnership boosted its holdings in REX American Resources by 6.4% in the 1st quarter. Arrowstreet Capital Limited Partnership now owns 447,642 shares of the energy company’s stock valued at $20,399,000 after purchasing an additional 26,989 shares during the period. Bank of New York Mellon Corp bought a new stake in shares of REX American Resources in the second quarter valued at approximately $8,599,000. Empowered Funds LLC grew its position in 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 buying an additional 7,784 shares in the last quarter. Finally, Principal Financial Group Inc. increased its stake in REX American Resources by 0.8% during the 1st quarter. Principal Financial Group Inc. now owns 163,362 shares of the energy company’s stock worth $7,444,000 after acquiring an additional 1,288 shares during the period. Institutional investors and hedge funds own 88.12% of the company’s stock.

About REX American Resources

REX American Resources Corporation is an energy company focused primarily on the production of fuel ethanol and related coproducts. Through its ownership interests in ethanol production facilities, the company produces and markets ethanol, distillers grains used as an animal-feed ingredient, and corn oil, which can be used in animal feed, biodiesel production, and other industrial applications.

REX’s ethanol operations are located in the U.S. Midwest, including facilities and investments in states such as Iowa, Illinois, Nebraska, and Ohio.