REX American Resources (NYSE:REX) Announces Quarterly Earnings Results

REX American Resources (NYSE:REX) posted its quarterly earnings data on Wednesday. The energy company reported $1.06 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.42 by $0.64, Zacks reports. REX American Resources had a net margin of 14.30% and a return on equity of 13.67%.

REX American Resources Price Performance

REX opened at $41.84 on Wednesday. The stock’s 50 day moving average price is $44.38 and its 200 day moving average price is $43.65. REX American Resources has a 12 month low of $30.02 and a 12 month high of $53.36. The stock has a market cap of $1.38 billion, a P/E ratio of 14.92 and a beta of 0.63.

Analysts Set New Price Targets

Separately, Weiss Ratings cut shares of REX American Resources from a “buy (b)” rating to a “buy (b-)” rating in a report on Monday, August 24th. One investment analyst has rated the stock with a Buy rating, Based on data from MarketBeat, REX American Resources currently has a consensus rating of “Buy”.

Insider Activity

In other REX American Resources news, insider Stuart A. Rose sold 69,335 shares of the firm’s stock in a transaction dated Wednesday, June 17th. The shares were sold at an average price of $43.77, for a total value of $3,034,792.95. Following the completion of the sale, the insider owned 588,280 shares in the company, valued at approximately $25,749,015.60. This trade represents a 10.54% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In the last quarter, insiders have sold 100,000 shares of company stock worth $4,395,989. Insiders own 13.21% of the company’s stock.

Institutional Investors Weigh In On REX American Resources

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Invesco Ltd. grew its stake in shares of REX American Resources by 31.8% in the fourth quarter. Invesco Ltd. now owns 538,768 shares of the energy company’s stock worth $17,413,000 after acquiring an additional 129,911 shares during the period. Empowered Funds LLC boosted its position in shares of REX American Resources by 4.0% during the 4th quarter. Empowered Funds LLC now owns 156,380 shares of the energy company’s stock valued at $5,054,000 after acquiring an additional 6,044 shares during the last quarter. XTX Topco Ltd purchased a new position in REX American Resources in the fourth quarter valued at $362,000. Tudor Investment Corp ET AL boosted its holdings in shares of REX American Resources by 10.7% in the fourth quarter. Tudor Investment Corp ET AL now owns 84,640 shares of the energy company’s stock valued at $2,736,000 after acquiring an additional 8,190 shares in the last quarter. Finally, Engineers Gate Manager LP acquired a new position in REX American Resources in the 4th quarter valued at about $374,000. 88.12% of the stock is 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.