Key Points
- CFO Douglas Bruggeman sold 2,000 shares on April 2 at an average price of $45.44 for $90,880, reducing his stake by 0.77% to 259,170 shares; the transaction was disclosed in an SEC filing.
- REX reported $1.32 EPS for the quarter (vs. $0.14 consensus) with revenue of $157.96M (slightly below estimates), and posted a return on equity of 12.72% and a net margin of 12.75%.
- The stock opened at $45.27 with a 1-year range of $16.73–$48.66 and a market cap of $1.49B (P/E 18.11); analysts have recently upgraded the shares to Buy and institutional investors own about 88.12% of the stock.
REX American Resources Corporation (NYSE:REX - Get Free Report) CFO Douglas Bruggeman sold 2,000 shares of the business's stock in a transaction dated Thursday, April 2nd. The shares were sold at an average price of $45.44, for a total transaction of $90,880.00. Following the completion of the transaction, the chief financial officer owned 259,170 shares in the company, valued at approximately $11,776,684.80. This trade represents a 0.77% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.
REX American Resources Trading Down 0.3%
NYSE REX opened at $45.27 on Friday. REX American Resources Corporation has a 1-year low of $16.73 and a 1-year high of $48.66. The company has a 50 day moving average of $37.58 and a 200-day moving average of $34.25. The firm has a market cap of $1.49 billion, a price-to-earnings ratio of 18.11 and a beta of 0.61.
REX American Resources (NYSE:REX - Get Free Report) last released its quarterly earnings results on Thursday, March 26th. The energy company reported $1.32 EPS for the quarter, topping analysts' consensus estimates of $0.14 by $1.18. REX American Resources had a return on equity of 12.72% and a net margin of 12.75%.The business had revenue of $157.96 million for the quarter, compared to analyst estimates of $162.00 million. On average, analysts forecast that REX American Resources Corporation will post 2.93 earnings per share for the current year.
Analysts Set New Price Targets
A number of equities research analysts have commented on the stock. Wall Street Zen raised shares of REX American Resources from a "hold" rating to a "buy" rating in a report on Saturday, December 6th. Weiss Ratings raised shares of REX American Resources from a "hold (c+)" rating to a "buy (b-)" rating in a research note on Monday, March 2nd. One equities research analyst has rated the stock with a Buy rating, According to MarketBeat, REX American Resources presently has an average rating of "Buy".
Read Our Latest Research Report on REX American Resources
Institutional Trading of REX American Resources
Several institutional investors and hedge funds have recently added to or reduced their stakes in REX. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake 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. Aquatic Capital Management LLC boosted its stake in REX American Resources by 5.2% in the third quarter. Aquatic Capital Management LLC now owns 9,151 shares of the energy company's stock valued at $280,000 after acquiring an additional 450 shares during the last quarter. Barclays PLC grew its holdings in REX American Resources by 0.6% during the 4th quarter. Barclays PLC now owns 83,598 shares of the energy company's stock worth $2,702,000 after acquiring an additional 493 shares during the period. Horizon Investments LLC raised its position in shares of REX American Resources by 2.8% during the 4th quarter. Horizon Investments LLC now owns 18,810 shares of the energy company's stock valued at $608,000 after acquiring an additional 514 shares during the last quarter. Finally, Hantz Financial Services Inc. raised its position in shares of REX American Resources by 133.4% during the 4th quarter. Hantz Financial Services Inc. now owns 901 shares of the energy company's stock valued at $29,000 after acquiring an additional 515 shares during the last quarter. 88.12% of the stock is owned by institutional investors.
REX American Resources Company Profile
(
Get Free Report)
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.
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