REX American Resources (NYSE:REX) Sees Strong Trading Volume

REX American Resources Co. (NYSE:REX) shares saw unusually-high trading volume on Friday . Approximately 1,443 shares changed hands during mid-day trading, a decline of 93% from the previous session’s volume of 21,794 shares.The stock last traded at $99.35 and had previously closed at $97.14.

Several research firms recently weighed in on REX. TheStreet upgraded shares of REX American Resources from a “c” rating to a “b-” rating in a research report on Wednesday, May 26th. Zacks Investment Research cut REX American Resources from a “hold” rating to a “sell” rating in a report on Wednesday, May 26th.

The business’s fifty day simple moving average is $85.02. The stock has a market cap of $592.91 million, a P/E ratio of 179.89 and a beta of 1.11.

REX American Resources (NYSE:REX) last issued its earnings results on Tuesday, May 25th. The energy company reported $1.30 EPS for the quarter, beating the Zacks’ consensus estimate of $0.59 by $0.71. REX American Resources had a net margin of 0.80% and a return on equity of 0.69%. On average, equities analysts predict that REX American Resources Co. will post 5.99 earnings per share for the current year.

In other REX American Resources news, CFO Douglas Bruggeman sold 1,000 shares of the firm’s stock in a transaction that occurred on Friday, May 28th. The shares were sold at an average price of $97.12, for a total value of $97,120.00. Following the transaction, the chief financial officer now directly owns 27,070 shares of the company’s stock, valued at approximately $2,629,038.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 12.20% of the stock is currently owned by corporate insiders.

Several large investors have recently bought and sold shares of REX. BlackRock Inc. lifted its position in REX American Resources by 9.9% during the first quarter. BlackRock Inc. now owns 949,630 shares of the energy company’s stock worth $79,930,000 after buying an additional 85,354 shares in the last quarter. Monarch Partners Asset Management LLC purchased a new position in shares of REX American Resources during the 4th quarter worth $3,254,000. Victory Capital Management Inc. boosted its position in shares of REX American Resources by 48.2% during the 1st quarter. Victory Capital Management Inc. now owns 27,034 shares of the energy company’s stock valued at $2,276,000 after acquiring an additional 8,792 shares during the last quarter. Goldman Sachs Group Inc. grew its holdings in shares of REX American Resources by 107.2% in the first quarter. Goldman Sachs Group Inc. now owns 16,012 shares of the energy company’s stock valued at $1,348,000 after purchasing an additional 8,286 shares during the period. Finally, Jane Street Group LLC purchased a new stake in shares of REX American Resources in the fourth quarter valued at about $528,000. 82.25% of the stock is owned by hedge funds and other institutional investors.

About REX American Resources (NYSE:REX)

REX American Resources Corporation, together with its subsidiaries, produces and sells ethanol in the United States. It operates in two segments, Ethanol and By-Products, and Refined Coal. The company also offers distillers grains and non-food grade corn oil; and dry distillers grains with solubles, which is used as a protein in animal feed.

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