REX American Resources (NYSE:REX) Insider Sells $614,404.32 in Stock

REX American Resources Corporation (NYSE:REX) insider Stuart Rose sold 13,584 shares of the 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 sale, the insider directly owned 627,149 shares in the company, valued at $28,365,949.27. This trade represents a 2.12% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website.

REX American Resources Price Performance

NYSE REX traded up $0.05 during midday trading on Wednesday, hitting $44.24. 13,478 shares of the company traded hands, compared to its average volume of 192,320. The company has a market cap of $1.46 billion, a PE ratio of 15.85 and a beta of 0.61. The company’s 50-day simple moving average is $46.83 and its 200-day simple moving average is $39.13. REX American Resources Corporation has a 52 week low of $22.22 and a 52 week high of $53.36.

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

Hedge Funds Weigh In On REX American Resources

A number of institutional investors have recently modified their holdings of REX. Hantz Financial Services Inc. raised its stake 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 buying an additional 515 shares during the last quarter. Rockefeller Capital Management L.P. raised its stake in shares of REX American Resources by 359.2% during the 4th quarter. Rockefeller Capital Management L.P. now owns 900 shares of the energy company’s stock valued at $29,000 after buying an additional 704 shares during the last quarter. Parallel Advisors LLC raised its stake 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 buying an additional 564 shares during the last quarter. Simplex Trading LLC purchased a new position in shares of REX American Resources during the 4th quarter valued at about $35,000. Finally, Ameritas Investment Partners Inc. increased its stake in shares of REX American Resources by 59.2% in 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 in the last quarter. Hedge funds and other institutional investors own 88.12% of the company’s stock.

Wall Street Analyst Weigh In

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 analyst has rated the stock with a Buy rating, Based on data from MarketBeat, the stock has an average rating of “Buy”.

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.