Stuart Rose Sells 13,584 Shares of REX American Resources (NYSE:REX) Stock

REX American Resources Corporation (NYSE:REX) insider Stuart Rose sold 13,584 shares of the stock in a transaction dated Monday, June 8th. The shares were sold at an average price of $45.23, for a total transaction of $614,404.32. Following the sale, the insider directly owned 627,149 shares of the company’s stock, valued at approximately $28,365,949.27. The trade was a 2.12% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link.

REX American Resources Stock Performance

REX stock opened at $43.08 on Friday. The firm has a market cap of $1.42 billion, a price-to-earnings ratio of 15.36 and a beta of 0.61. The firm has a 50-day simple moving average of $46.71 and a two-hundred day simple moving average of $39.29. REX American Resources Corporation has a one year low of $22.22 and a one year high of $53.36.

REX American Resources (NYSE:REX) last released its quarterly earnings results on Thursday, May 28th. The energy company reported $0.56 EPS for the quarter, beating the consensus estimate of $0.14 by $0.42. The business 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%.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings raised shares of REX American Resources from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Wednesday, June 3rd. One investment analyst has rated the stock with a Buy rating, Based on data from MarketBeat, the company currently has an average rating of “Buy”.

Hedge Funds Weigh In On REX American Resources

Several hedge funds and other institutional investors have recently modified their holdings of REX. AQR Capital Management LLC raised its position in shares of REX American Resources by 29.2% in the 1st quarter. AQR Capital Management LLC now owns 96,316 shares of the energy company’s stock valued at $3,619,000 after purchasing an additional 21,781 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position 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 valued at $344,000 after purchasing an additional 390 shares during the last quarter. Empowered Funds LLC raised its position in shares of REX American Resources by 4.1% in the 1st 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 raised its position in shares of REX American Resources by 74.9% in the 1st 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 purchasing an additional 35,209 shares during the last quarter. Finally, JPMorgan Chase & Co. raised its position in shares of REX American Resources by 55.3% in the 2nd quarter. JPMorgan Chase & Co. now owns 95,608 shares of the energy company’s stock valued at $4,657,000 after purchasing an additional 34,030 shares during the last quarter. 88.12% of the stock is owned by hedge funds and other 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.