32,912 Shares in REX American Resources Corporation $REX Acquired by OP Asset Management Ltd

OP Asset Management Ltd purchased a new stake in REX American Resources Corporation (NYSE:REX) during the 1st quarter, HoldingsChannel reports. The fund purchased 32,912 shares of the energy company’s stock, valued at approximately $1,500,000.

A number of other large investors have also recently bought and sold shares of REX. Hantz Financial Services Inc. raised its stake 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 acquiring an additional 515 shares in the last quarter. Rockefeller Capital Management L.P. boosted its stake in shares of REX American Resources by 359.2% in the 4th quarter. Rockefeller Capital Management L.P. now owns 900 shares of the energy company’s stock valued at $29,000 after purchasing an additional 704 shares in the last quarter. Parallel Advisors LLC boosted its stake in shares of REX American Resources by 97.6% in the 3rd quarter. Parallel Advisors LLC now owns 1,142 shares of the energy company’s stock valued at $35,000 after purchasing an additional 564 shares in the last quarter. Simplex Trading LLC bought a new stake in shares of REX American Resources in the 4th quarter worth about $35,000. Finally, Ameritas Investment Partners Inc. increased its position in shares of REX American Resources by 59.2% during the 3rd quarter. Ameritas Investment Partners Inc. now owns 2,476 shares of the energy company’s stock worth $76,000 after purchasing an additional 921 shares in the last quarter. 88.12% of the stock is currently owned by institutional investors.

REX American Resources Price Performance

NYSE REX opened at $44.74 on Tuesday. The stock’s 50 day simple moving average is $46.55 and its 200 day simple moving average is $40.18. REX American Resources Corporation has a one year low of $24.16 and a one year high of $53.36. The firm has a market cap of $1.47 billion, a PE ratio of 15.95 and a beta of 0.61.

REX American Resources (NYSE:REX) last posted its quarterly earnings data on Thursday, May 28th. The energy company reported $0.56 EPS 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 analyst estimates of $167.23 million. REX American Resources had a return on equity of 13.67% and a net margin of 14.30%.

Insider Activity

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 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 represents a 1.96% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Stuart A. Rose sold 69,335 shares of the firm’s 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 sale, the insider owned 588,280 shares of the company’s stock, valued at $25,749,015.60. The trade was a 10.54% decrease in their position. The SEC filing for this sale provides additional information. In the last quarter, insiders have sold 107,086 shares of company stock worth $4,734,709. 13.21% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

Separately, Weiss Ratings upgraded shares of REX American Resources from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Wednesday, June 3rd. One equities research analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, the stock currently has a consensus rating of “Buy”.

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.