Key Points
- Insider sale: Stuart Rose sold 50,000 REX American Resources shares at an average price of $42.55, totaling approximately $2.13 million. He retained 2,278,324 shares after the transaction.
- Recent performance: REX reported quarterly earnings of $1.06 per share, beating analyst expectations of $0.42, although revenue of $168.49 million fell short of the $194.81 million consensus estimate.
- Market view: The stock had a consensus “Buy” rating, with one research firm upgrading it to “Strong Buy.” Institutional investors and hedge funds own approximately 88.12% of the company.
REX American Resources Corporation (NYSE:REX - Get Free Report) insider Stuart Rose sold 50,000 shares of the stock in a transaction on Wednesday, September 30th. The shares were sold at an average price of $42.55, for a total value of $2,127,500.00. Following the completion of the transaction, the insider owned 2,278,324 shares in the company, valued at $96,942,686.20. The trade was a 2.15% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link.
REX American Resources Stock Performance
NYSE REX opened at $43.83 on Friday. The stock has a fifty day moving average of $43.00 and a 200-day moving average of $44.72. The stock has a market capitalization of $1.45 billion, a P/E ratio of 12.01 and a beta of 0.60. REX American Resources Corporation has a 52 week low of $30.31 and a 52 week high of $53.36.
REX American Resources (NYSE:REX - Get Free Report) last released its earnings results on Wednesday, September 2nd. The energy company reported $1.06 earnings per share for the quarter, topping analysts' consensus estimates of $0.42 by $0.64. REX American Resources had a return on equity of 16.90% and a net margin of 18.31%.The company had revenue of $168.49 million during the quarter, compared to the consensus estimate of $194.81 million.
Institutional Inflows and Outflows
A number of large investors have recently made changes to their positions in REX. Public Employees Retirement System of Ohio acquired a new stake in shares of REX American Resources during the second quarter worth $27,000. Rockefeller Capital Management L.P. lifted its stake in REX American Resources by 359.2% in the fourth quarter. Rockefeller Capital Management L.P. now owns 900 shares of the energy company's stock valued at $29,000 after buying an additional 704 shares during the period. Hantz Financial Services Inc. lifted its stake in REX American Resources by 133.4% in the fourth 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 during the period. Danske Bank A S acquired a new position in REX American Resources in the second quarter valued at about $41,000. Finally, Integrated Wealth Concepts LLC bought a new position in REX American Resources during the second quarter worth about $42,000. Institutional investors and hedge funds own 88.12% of the company's stock.
Analyst Ratings Changes
REX has been the subject of several recent research reports. Wall Street Zen raised REX American Resources from a "buy" rating to a "strong-buy" rating in a report on Saturday, September 5th. Weiss Ratings cut shares of REX American Resources from a "buy (b)" rating to a "buy (b-)" rating in a research report on Monday, August 24th. One analyst has rated the stock with a Buy rating, According to data from MarketBeat, REX American Resources currently has a consensus rating of "Buy".
Read Our Latest Report on REX
About REX American Resources
(
Get Free Report)
REX American Resources Corporation is an ethanol production and investment company headquartered in Dayton, Ohio. Through its subsidiaries and equity investments, the company has interests in ethanol production facilities located primarily in the U.S. Midwest.
REX's principal products include fuel-grade ethanol, distillers grains and corn oil. Ethanol is produced from corn and sold for use as a renewable fuel and gasoline-blending component, while distillers grains and corn oil are marketed primarily for use in animal feed and other industrial applications.
The company's operations and investments have included facilities in states such as Illinois, Iowa and Minnesota.
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