REX American Resources (NYSE:REX) Share Price Passes Above 200 Day Moving Average – Should You Sell?

REX American Resources Corporation (NYSE:REX)’s share price crossed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $43.11 and traded as high as $45.46. REX American Resources shares last traded at $44.0820, with a volume of 180,635 shares.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings raised shares of REX American Resources from a “buy (b-)” rating to a “buy (b)” rating in a report on Thursday, July 9th. One analyst has rated the stock with a Buy rating, According to data from MarketBeat, the company presently has an average rating of “Buy”.

REX American Resources Stock Up 0.8%

The firm has a market capitalization of $1.46 billion, a price-to-earnings ratio of 15.76 and a beta of 0.64. The company has a 50-day moving average price of $44.60 and a 200-day moving average price of $43.18.

REX American Resources (NYSE:REX) last posted its 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 firm 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%.

Insider Buying and Selling at REX American Resources

In related news, CFO Douglas Bruggeman sold 5,086 shares of the company’s stock in a transaction dated Tuesday, June 2nd. The shares were sold at an average price of $48.73, for a total value of $247,840.78. Following the completion of the sale, the chief financial officer owned 254,084 shares of the company’s stock, valued at $12,381,513.32. This represents a 1.96% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Stuart A. Rose sold 69,335 shares of the stock in a transaction dated Wednesday, June 17th. The shares were sold at an average price of $43.77, for a total transaction of $3,034,792.95. Following the completion of the transaction, the insider owned 588,280 shares of the company’s stock, valued at $25,749,015.60. This represents a 10.54% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last three months, insiders sold 105,086 shares of company stock valued at $4,643,829. Company insiders own 13.21% of the company’s stock.

Institutional Trading of REX American Resources

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Public Employees Retirement System of Ohio acquired a new position in shares of REX American Resources during the second quarter valued at approximately $27,000. Hantz Financial Services Inc. raised its holdings in 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 in the last quarter. Rockefeller Capital Management L.P. lifted its position in REX American Resources by 359.2% in the fourth quarter. Rockefeller Capital Management L.P. now owns 900 shares of the energy company’s stock worth $29,000 after purchasing an additional 704 shares during the period. Parallel Advisors LLC lifted its position in REX American Resources by 97.6% in the third quarter. Parallel Advisors LLC now owns 1,142 shares of the energy company’s stock worth $35,000 after purchasing an additional 564 shares during the period. Finally, Simplex Trading LLC bought a new position in REX American Resources during the 4th quarter valued at $35,000. 88.12% of the stock is currently owned by institutional investors.

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.