REX American Resources (NYSE:REX) Insider Sells $50,263.08 in Stock

REX American Resources Corporation (NYSE:REX) insider Stuart Rose sold 1,129 shares of REX American Resources stock in a transaction on Wednesday, June 10th. The shares were sold at an average price of $44.52, for a total transaction of $50,263.08. Following the sale, the insider directly owned 626,020 shares of the company’s stock, valued at $27,870,410.40. This trade represents a 0.18% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.

REX American Resources Price Performance

Shares of REX stock traded down $0.10 on Thursday, hitting $43.74. The company’s stock had a trading volume of 12,372 shares, compared to its average volume of 192,014. REX American Resources Corporation has a fifty-two week low of $22.22 and a fifty-two week high of $53.36. The firm’s fifty day moving average price is $46.76 and its 200-day moving average price is $39.22. The stock has a market capitalization of $1.44 billion, a price-to-earnings ratio of 15.59 and a beta of 0.61.

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

Wall Street Analyst Weigh In

Separately, Weiss Ratings raised shares of 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 MarketBeat, REX American Resources has an average rating of “Buy”.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of REX. Hantz Financial Services Inc. increased its stake in REX American Resources by 133.4% in the fourth quarter. Hantz Financial Services Inc. now owns 901 shares of the energy company’s stock valued at $29,000 after acquiring an additional 515 shares during the period. 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 period. Parallel Advisors LLC increased its stake in REX American Resources by 97.6% in the third quarter. Parallel Advisors LLC now owns 1,142 shares of the energy company’s stock valued at $35,000 after acquiring an additional 564 shares during the period. Simplex Trading LLC bought a new stake in REX American Resources in the fourth quarter valued at about $35,000. Finally, Ameritas Investment Partners Inc. increased its stake in REX American Resources by 59.2% in the third quarter. Ameritas Investment Partners Inc. now owns 2,476 shares of the energy company’s stock valued at $76,000 after acquiring an additional 921 shares during the period. Institutional investors and hedge funds own 88.12% of the company’s stock.

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.