Insider Selling: REX American Resources (NYSE:REX) CFO Sells 5,086 Shares of Stock

REX American Resources Corporation (NYSE:REX) CFO Douglas Bruggeman sold 5,086 shares of the company’s stock in a transaction that occurred on Tuesday, June 2nd. The stock was sold at an average price of $48.73, for a total transaction of $247,840.78. Following the sale, the chief financial officer owned 254,084 shares in the company, valued at $12,381,513.32. The trade was a 1.96% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this link.

Douglas Bruggeman also recently made the following trade(s):

• On Thursday, April 2nd, Douglas Bruggeman sold 2,000 shares of REX American Resources stock. The shares were sold at an average price of $45.44, for a total transaction of $90,880.00.

REX American Resources Stock Performance

NYSE REX traded down $0.01 during trading on Wednesday, reaching $48.32. 21,039 shares of the company’s stock were exchanged, compared to its average volume of 192,441. The company has a 50 day moving average price of $46.38 and a two-hundred day moving average price of $38.58. The stock has a market cap of $1.59 billion, a P/E ratio of 17.23 and a beta of 0.61. REX American Resources Corporation has a 1 year low of $21.24 and a 1 year high of $53.36.

REX American Resources (NYSE:REX) last released its quarterly earnings data 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 company had revenue of $156.50 million for the quarter, compared to analysts’ expectations of $167.23 million. REX American Resources had a net margin of 14.30% and a return on equity of 13.67%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in REX. AQR Capital Management LLC boosted its stake in shares of REX American Resources by 29.2% during the 1st quarter. AQR Capital Management LLC now owns 96,316 shares of the energy company’s stock worth $3,619,000 after acquiring an additional 21,781 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in REX American Resources by 4.4% during the first 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. Empowered Funds LLC grew its holdings in REX American Resources by 4.1% in the first quarter. Empowered Funds LLC now owns 78,667 shares of the energy company’s stock valued at $2,956,000 after purchasing an additional 3,128 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its position in shares of REX American Resources by 74.9% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 82,244 shares of the energy company’s stock valued at $3,090,000 after buying an additional 35,209 shares in the last quarter. Finally, JPMorgan Chase & Co. raised its stake in shares of REX American Resources by 55.3% during the 2nd quarter. JPMorgan Chase & Co. now owns 95,608 shares of the energy company’s stock worth $4,657,000 after buying an additional 34,030 shares during the last quarter. 88.12% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Separately, Weiss Ratings lowered 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.com, the stock presently has an average rating of “Hold”.

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.