Key Points
- REX American Resources CFO Douglas Bruggeman sold 5,086 shares on June 2 at an average price of $48.73, totaling about $247,841. After the sale, he still held 254,084 shares valued at roughly $12.38 million.
- The company beat earnings expectations for the quarter, reporting $0.56 EPS versus the $0.14 consensus estimate, though revenue of $156.5 million came in below expectations.
- REX shares were down 4.2% and the stock has received a generally cautious outlook, with a consensus analyst rating of Hold and Weiss Ratings recently downgrading it to Hold from Buy.
REX American Resources Corporation (NYSE:REX - Get Free Report) CFO Douglas Bruggeman sold 5,086 shares of the firm's stock in a transaction dated Tuesday, June 2nd. The stock was sold at an average price of $48.73, for a total transaction of $247,840.78. Following the completion of the transaction, the chief financial officer owned 254,084 shares in the company, valued at approximately $12,381,513.32. The trade was a 1.96% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website.
Douglas Bruggeman also recently made the following trade(s):
- On Thursday, April 2nd, Douglas Bruggeman sold 2,000 shares of REX American Resources stock. The shares were sold at an average price of $45.44, for a total transaction of $90,880.00.
REX American Resources Stock Down 4.2%
REX opened at $46.28 on Thursday. The company's 50-day moving average price is $46.70 and its 200 day moving average price is $38.78. REX American Resources Corporation has a fifty-two week low of $21.24 and a fifty-two week high of $53.36. The firm has a market cap of $1.52 billion, a price-to-earnings ratio of 16.50 and a beta of 0.61.
REX American Resources (NYSE:REX - Get Free Report) last issued its earnings results on Thursday, May 28th. The energy company reported $0.56 EPS for the quarter, beating analysts' consensus estimates of $0.14 by $0.42. The company had revenue of $156.50 million during the quarter, compared to the consensus estimate of $167.23 million. REX American Resources had a return on equity of 13.67% and a net margin of 14.30%.
Institutional Inflows and Outflows
A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Vanguard Group Inc. grew its position in REX American Resources by 101.0% in the 3rd quarter. Vanguard Group Inc. now owns 2,436,632 shares of the energy company's stock worth $74,610,000 after purchasing an additional 1,224,274 shares during the last quarter. Dimensional Fund Advisors LP raised its holdings in shares of REX American Resources by 89.3% during the third quarter. Dimensional Fund Advisors LP now owns 2,152,938 shares of the energy company's stock valued at $65,923,000 after buying an additional 1,015,668 shares during the last quarter. M&T Bank Corp acquired a new position in shares of REX American Resources during the fourth quarter worth approximately $17,199,000. Mangrove Partners IM LLC acquired a new position in shares of REX American Resources during the third quarter worth approximately $16,123,000. Finally, American Century Companies Inc. grew its holdings in REX American Resources by 88.0% in the 3rd quarter. American Century Companies Inc. now owns 826,427 shares of the energy company's stock worth $25,305,000 after buying an additional 386,947 shares in the last quarter. 88.12% of the stock is owned by institutional investors and hedge funds.
Analysts Set New Price Targets
Separately, Weiss Ratings lowered REX American Resources from a "buy (b-)" rating to a "hold (c+)" rating in a research report on Monday, May 4th. One investment analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, the company has a consensus rating of "Hold".
Read Our Latest Stock Analysis on REX American Resources
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.
Further Reading
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