Ieq Capital LLC Invests $957,000 in REX American Resources Corporation $REX

Ieq Capital LLC purchased a new stake in shares of REX American Resources Corporation (NYSE:REX) in the 2nd quarter, HoldingsChannel reports. The institutional investor purchased 21,201 shares of the energy company’s stock, valued at approximately $957,000.

Several other large investors have also made changes to their positions in REX. BlackRock Inc. acquired a new position in REX American Resources in the second quarter worth approximately $255,640,000. Vanguard Group Inc. lifted its stake in REX American Resources by 3.8% in the fourth quarter. Vanguard Group Inc. now owns 2,529,944 shares of the energy company’s stock valued at $81,768,000 after acquiring an additional 93,312 shares during the last quarter. Dimensional Fund Advisors LP grew its position in REX American Resources by 89.3% in the third quarter. Dimensional Fund Advisors LP now owns 2,152,938 shares of the energy company’s stock worth $65,923,000 after acquiring an additional 1,015,668 shares in the last quarter. Mangrove Partners IM LLC grew its position in REX American Resources by 92.8% in the fourth quarter. Mangrove Partners IM LLC now owns 1,015,234 shares of the energy company’s stock worth $32,812,000 after acquiring an additional 488,682 shares in the last quarter. Finally, Geode Capital Management LLC increased its stake in shares of REX American Resources by 0.4% during the 4th quarter. Geode Capital Management LLC now owns 695,670 shares of the energy company’s stock worth $22,486,000 after purchasing an additional 2,647 shares during the last quarter. Institutional investors own 88.12% of the company’s stock.

Wall Street Analyst Weigh In

Separately, Weiss Ratings downgraded shares of REX American Resources from a “buy (b)” rating to a “buy (b-)” rating in a report on Monday. One analyst has rated the stock with a Buy rating, According to MarketBeat.com, the company presently has a consensus rating of “Buy”.

Insider Buying and Selling

In other REX American Resources news, CFO Douglas Bruggeman sold 5,086 shares of the 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 transaction, the chief financial officer owned 254,084 shares in the company, valued at $12,381,513.32. This trade represents a 1.96% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Stuart A. Rose sold 15,186 shares of REX American Resources stock in a transaction that occurred on Thursday, June 18th. The shares were sold at an average price of $43.64, for a total transaction of $662,717.04. Following the completion of the transaction, the insider directly owned 573,094 shares in the company, valued at approximately $25,009,822.16. This represents a 2.58% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 105,086 shares of company stock valued at $4,643,829 in the last ninety days. Company insiders own 13.21% of the company’s stock.

REX American Resources Stock Performance

REX opened at $41.20 on Friday. The company has a market cap of $1.36 billion, a PE ratio of 14.69 and a beta of 0.64. The stock has a 50-day moving average of $44.52 and a 200-day moving average of $43.53. REX American Resources Corporation has a 52-week low of $30.02 and a 52-week high of $53.36.

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

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.