REX American Resources (NYSE:REX) Insider Stuart Rose Sells 13,584 Shares of Stock

REX American Resources Corporation (NYSE:REX) insider Stuart Rose sold 13,584 shares of the firm’s stock in a transaction on Monday, June 8th. The shares were sold at an average price of $45.23, for a total value of $614,404.32. Following the transaction, the insider owned 627,149 shares of the company’s stock, valued at $28,365,949.27. The trade was a 2.12% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

REX American Resources Price Performance

Shares of NYSE:REX opened at $43.84 on Thursday. REX American Resources Corporation has a 1-year low of $22.22 and a 1-year high of $53.36. The business has a fifty day moving average price of $46.76 and a 200-day moving average price of $39.22. The company has a market capitalization of $1.44 billion, a PE ratio of 15.63 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 EPS for the quarter, beating the consensus estimate 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 for the quarter, compared to analysts’ expectations of $167.23 million.

Analysts Set New Price Targets

Separately, Weiss Ratings raised REX American Resources from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Wednesday, June 3rd. One equities research analyst has rated the stock with a Buy rating, According to data from MarketBeat, the company currently has a consensus rating of “Buy”.

Institutional Trading of REX American Resources

Large investors have recently added to or reduced their stakes in the company. Rockefeller Capital Management L.P. increased its stake in REX American Resources by 359.2% in the 4th quarter. Rockefeller Capital Management L.P. now owns 900 shares of the energy company’s stock worth $29,000 after acquiring an additional 704 shares during the last quarter. Hantz Financial Services Inc. increased its position in shares of REX American Resources by 133.4% during the 4th quarter. Hantz Financial Services Inc. now owns 901 shares of the energy company’s stock valued at $29,000 after purchasing an additional 515 shares during the last quarter. Simplex Trading LLC bought a new position in shares of REX American Resources during the 4th quarter valued at approximately $35,000. Parallel Advisors LLC increased its position in shares of REX American Resources by 97.6% during the 3rd quarter. Parallel Advisors LLC now owns 1,142 shares of the energy company’s stock valued at $35,000 after purchasing an additional 564 shares during the last quarter. Finally, Ameritas Investment Partners Inc. increased its position in shares of REX American Resources by 59.2% during the 3rd quarter. Ameritas Investment Partners Inc. now owns 2,476 shares of the energy company’s stock valued at $76,000 after purchasing an additional 921 shares during the last quarter. Institutional investors own 88.12% 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.