REX American Resources (NYSE:REX) Insider Sells $3,034,792.95 in Stock

REX American Resources Corporation (NYSE:REX) insider Stuart Rose sold 69,335 shares of REX American Resources stock in a transaction dated Wednesday, June 17th. The stock was sold at an average price of $43.77, for a total value of $3,034,792.95. Following the completion of the transaction, the insider directly owned 588,280 shares of the company’s stock, valued at approximately $25,749,015.60. This trade represents a 10.54% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link.

REX American Resources Price Performance

Shares of REX American Resources stock traded up $0.02 on Thursday, hitting $43.29. 51,972 shares of the company’s stock traded hands, compared to its average volume of 192,453. REX American Resources Corporation has a one year low of $23.82 and a one year high of $53.36. The company has a fifty day moving average of $46.58 and a two-hundred day moving average of $39.60. The company has a market capitalization of $1.43 billion, a price-to-earnings ratio of 15.45 and a beta of 0.61.

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

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings upgraded shares of 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, Based on data from MarketBeat.com, the company currently has a consensus rating of “Buy”.

Institutional Investors Weigh In On REX American Resources

Several hedge funds and other institutional investors have recently modified their holdings of the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in shares of REX American Resources by 4.4% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 9,161 shares of the energy company’s stock worth $344,000 after purchasing an additional 390 shares in the last quarter. Aquatic Capital Management LLC raised its holdings in REX American Resources by 5.2% during the third quarter. Aquatic Capital Management LLC now owns 9,151 shares of the energy company’s stock worth $280,000 after buying an additional 450 shares during the last quarter. Barclays PLC raised its holdings in REX American Resources by 0.6% during the fourth quarter. Barclays PLC now owns 83,598 shares of the energy company’s stock worth $2,702,000 after buying an additional 493 shares during the last quarter. Horizon Investments LLC lifted its stake in shares of REX American Resources by 2.8% in the fourth quarter. Horizon Investments LLC now owns 18,810 shares of the energy company’s stock valued at $608,000 after buying an additional 514 shares in the last quarter. Finally, Hantz Financial Services Inc. grew its holdings in shares of REX American Resources by 133.4% during the fourth quarter. Hantz Financial Services Inc. now owns 901 shares of the energy company’s stock valued at $29,000 after buying an additional 515 shares during the last quarter. Institutional investors 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.