REX American Resources (NYSE:REX) Posts Quarterly Earnings Results, Beats Expectations By $0.42 EPS

REX American Resources (NYSE:REX) posted its earnings results on Thursday. The energy company reported $0.56 EPS for the quarter, topping the consensus estimate of $0.14 by $0.42, Zacks reports. REX American Resources had a net margin of 12.75% and a return on equity of 12.72%.

REX American Resources Price Performance

Shares of NYSE:REX opened at $49.44 on Thursday. The firm has a fifty day moving average price of $45.96 and a two-hundred day moving average price of $38.26. REX American Resources has a one year low of $19.44 and a one year high of $53.36. The company has a market cap of $1.63 billion, a price-to-earnings ratio of 19.78 and a beta of 0.63.

Insider Activity

In other news, CFO Douglas Bruggeman sold 2,000 shares of REX American Resources stock in a transaction dated Thursday, April 2nd. The stock was sold at an average price of $45.44, for a total transaction of $90,880.00. Following the completion of the sale, the chief financial officer owned 259,170 shares in the company, valued at approximately $11,776,684.80. This trade represents a 0.77% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Company insiders own 13.21% of the company’s stock.

Institutional Trading of REX American Resources

Hedge funds have recently made changes to their positions in the stock. Dimensional Fund Advisors LP lifted its position in REX American Resources by 89.3% in the 3rd quarter. Dimensional Fund Advisors LP now owns 2,152,938 shares of the energy company’s stock worth $65,923,000 after buying an additional 1,015,668 shares during the last quarter. Invesco Ltd. raised its stake in shares of REX American Resources by 140.8% during the third quarter. Invesco Ltd. now owns 408,857 shares of the energy company’s stock valued at $12,519,000 after acquiring an additional 239,043 shares during the last quarter. UniSuper Management Pty Ltd bought a new stake in shares of REX American Resources in the 4th quarter worth approximately $6,550,000. Millennium Management LLC boosted its holdings in REX American Resources by 133.5% in the third quarter. Millennium Management LLC now owns 282,629 shares of the energy company’s stock valued at $8,654,000 after acquiring an additional 161,596 shares in the last quarter. Finally, Qube Research & Technologies Ltd increased its position in shares of REX American Resources by 228.0% during the third quarter. Qube Research & Technologies Ltd now owns 221,071 shares of the energy company’s stock valued at $6,769,000 after buying an additional 153,674 shares during the period. 88.12% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings downgraded REX American Resources from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Monday, May 4th. One investment analyst has rated the stock with a Hold rating, According to MarketBeat.com, the company has an average rating of “Hold”.

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.