Key Points
- Insider sale: REX American Resources insider Stuart Rose sold 13,584 shares on June 8 at an average price of $45.23, for proceeds of about $614,404. After the sale, he still owned 627,149 shares.
- Earnings beat: The company recently reported quarterly EPS of $0.56, topping analyst expectations of $0.14 by a wide margin. Revenue came in at $156.5 million, below the $167.23 million consensus estimate.
- Analyst sentiment: Weiss Ratings upgraded REX American Resources from hold to buy, and MarketBeat data shows the stock currently has a consensus Buy rating.
REX American Resources Corporation (NYSE:REX - Get Free Report) insider Stuart Rose sold 13,584 shares of the business's stock in a transaction that occurred on Monday, June 8th. The shares were sold at an average price of $45.23, for a total value of $614,404.32. Following the transaction, the insider directly owned 627,149 shares in the company, valued at approximately $28,365,949.27. This represents a 2.12% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website.
REX American Resources Stock Performance
NYSE REX opened at $43.84 on Thursday. The business's 50 day moving average price is $46.76 and its 200-day moving average price is $39.22. REX American Resources Corporation has a fifty-two week low of $22.22 and a fifty-two week high of $53.36. The company has a market cap of $1.44 billion, a P/E ratio of 15.63 and a beta of 0.61.
REX American Resources (NYSE:REX - Get Free Report) last posted its quarterly earnings data on Thursday, May 28th. The energy company reported $0.56 earnings per share (EPS) 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 company had revenue of $156.50 million during the quarter, compared to analysts' expectations of $167.23 million.
Analysts Set New Price Targets
Separately, Weiss Ratings upgraded shares of REX American Resources from a "hold (c+)" rating to a "buy (b-)" rating in a report on Wednesday, June 3rd. One investment analyst has rated the stock with a Buy rating, According to data from MarketBeat, the company currently has a consensus rating of "Buy".
Check Out Our Latest Stock Report on REX
Hedge Funds Weigh In On REX American Resources
A number of institutional investors have recently modified their holdings of the stock. Rockefeller Capital Management L.P. lifted its holdings 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 worth $29,000 after buying an additional 704 shares during the period. Hantz Financial Services Inc. grew 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 worth $29,000 after buying an additional 515 shares in the last quarter. Simplex Trading LLC bought a new position in shares of REX American Resources during the 4th quarter worth $35,000. Parallel Advisors LLC grew its position in shares of REX American Resources by 97.6% during the 3rd quarter. Parallel Advisors LLC now owns 1,142 shares of the energy company's stock worth $35,000 after buying an additional 564 shares in the last quarter. Finally, Ameritas Investment Partners Inc. lifted its stake 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 during the last quarter. 88.12% of the stock is owned by hedge funds and other institutional investors.
About REX American Resources
(
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.
Recommended Stories
This instant news alert was generated by narrative science technology and financial data from InsiderTrades.com in order to provide readers with the fastest and most accurate reporting. Please send any questions or comments about this story to [email protected].
