REX American Resources (NYSE:REX) Stock Price Down 5.9% – Time to Sell?

REX American Resources Corporation (NYSE:REX) fell 5.9% during trading on Thursday . The company traded as low as $44.50 and last traded at $46.2670. 165,318 shares changed hands during trading, a decline of 13% from the average session volume of 190,025 shares. The stock had previously closed at $49.18.

Analysts Set New Price Targets

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

REX American Resources Stock Down 3.7%

The stock has a market capitalization of $1.53 billion, a P/E ratio of 16.58 and a beta of 0.63. The firm’s 50-day simple moving average is $46.21 and its 200 day simple moving average is $38.43.

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

Insiders Place Their Bets

In other REX American Resources news, CFO Douglas Bruggeman sold 2,000 shares of REX American Resources stock in a transaction that occurred on Thursday, April 2nd. The shares were sold at an average price of $45.44, for a total value of $90,880.00. Following the transaction, the chief financial officer owned 259,170 shares in the company, valued at approximately $11,776,684.80. The trade was a 0.77% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Insiders own 13.21% of the company’s stock.

Institutional Investors Weigh In On REX American Resources

Several large investors have recently modified their holdings of REX. Hantz Financial Services Inc. raised its position 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 worth $29,000 after purchasing an additional 515 shares during the period. Rockefeller Capital Management L.P. boosted its position in shares of 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 valued at $29,000 after purchasing an additional 704 shares during the period. Parallel Advisors LLC increased its stake in REX American Resources by 97.6% in the 3rd quarter. Parallel Advisors LLC now owns 1,142 shares of the energy company’s stock worth $35,000 after purchasing an additional 564 shares in the last quarter. Simplex Trading LLC purchased a new position in REX American Resources in the 4th quarter worth about $35,000. Finally, Ameritas Investment Partners Inc. raised its holdings in 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 worth $76,000 after buying an additional 921 shares during the period. 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.