Key Points
- Insider sale: REX American Resources insider Stuart Rose sold 15,186 shares on June 18 at an average price of $43.64, totaling about $662,717. The sale reduced his stake by 2.58%, though he still owns more than 573,000 shares.
- Stock performance and valuation: The shares were trading around $43.96, near their 50-day moving average of $46.52 and above their 200-day average of $39.82. The company has a market cap of about $1.45 billion and a P/E ratio of 15.67.
- Recent results and sentiment: REX recently reported quarterly EPS of $0.56, beating analyst expectations of $0.14, though revenue came in below estimates. Weiss Ratings upgraded the stock to buy, and MarketBeat notes a current consensus rating of Buy.
REX American Resources Corporation (NYSE:REX - Get Free Report) insider Stuart Rose sold 15,186 shares of the company's stock in a transaction that occurred on Thursday, June 18th. The shares were sold at an average price of $43.64, for a total value of $662,717.04. Following the completion of the transaction, the insider owned 573,094 shares in the company, valued at approximately $25,009,822.16. The trade was a 2.58% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website.
REX American Resources Trading Up 0.3%
Shares of NYSE REX opened at $43.96 on Tuesday. The stock has a fifty day simple moving average of $46.52 and a two-hundred day simple moving average of $39.82. REX American Resources Corporation has a 1-year low of $23.82 and a 1-year high of $53.36. The firm has a market cap of $1.45 billion, a price-to-earnings ratio of 15.67 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 earnings per share (EPS) for the quarter, beating the consensus estimate 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 firm had revenue of $156.50 million for the quarter, compared to analyst estimates of $167.23 million.
Institutional Inflows and Outflows
Institutional investors and hedge funds have recently bought and sold shares of the business. Hantz Financial Services Inc. grew its stake in REX American Resources by 133.4% in the 4th quarter. Hantz Financial Services Inc. now owns 901 shares of the energy company's stock valued at $29,000 after buying an additional 515 shares in the last quarter. Rockefeller Capital Management L.P. raised its holdings in REX American Resources by 359.2% during the 4th quarter. Rockefeller Capital Management L.P. now owns 900 shares of the energy company's stock valued at $29,000 after acquiring an additional 704 shares during the period. Parallel Advisors LLC lifted its position in shares of REX American Resources by 97.6% during the third quarter. Parallel Advisors LLC now owns 1,142 shares of the energy company's stock worth $35,000 after acquiring an additional 564 shares in the last quarter. Simplex Trading LLC purchased a new stake in shares of REX American Resources during the fourth quarter worth $35,000. Finally, Ameritas Investment Partners Inc. lifted its position in shares of REX American Resources by 59.2% during the third quarter. Ameritas Investment Partners Inc. now owns 2,476 shares of the energy company's stock worth $76,000 after acquiring an additional 921 shares in the last quarter. 88.12% of the stock is owned by institutional investors.
Analysts Set New Price Targets
Separately, Weiss Ratings upgraded REX American Resources from a "hold (c+)" rating to a "buy (b-)" rating in a research note on Wednesday, June 3rd. One equities research analyst has rated the stock with a Buy rating, According to MarketBeat.com, the company currently has a consensus rating of "Buy".
Read Our Latest Stock Report on REX
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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