REX American Resources (NYSE:REX) Shares Gap Up to $102.63

REX American Resources Co. (NYSE:REX)’s stock price gapped up prior to trading on Thursday . The stock had previously closed at $102.63, but opened at $106.31. REX American Resources shares last traded at $106.94, with a volume of 621 shares.

Several equities analysts recently commented on REX shares. Zacks Investment Research raised shares of REX American Resources from a “hold” rating to a “strong-buy” rating and set a $124.00 target price on the stock in a report on Saturday, December 4th. Truist increased their target price on shares of REX American Resources from $100.00 to $120.00 and gave the company a “buy” rating in a report on Tuesday, December 7th. Finally, Truist Securities increased their target price on shares of REX American Resources from $100.00 to $120.00 and gave the company a “buy” rating in a report on Tuesday, December 7th.

The company’s fifty day moving average is $96.80 and its 200 day moving average is $87.66. The company has a market cap of $627.16 million, a P/E ratio of 18.39 and a beta of 1.06.

REX American Resources (NYSE:REX) last posted its earnings results on Wednesday, December 1st. The energy company reported $2.56 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.82 by $1.74. REX American Resources had a net margin of 5.00% and a return on equity of 7.23%. During the same period in the previous year, the business posted $1.44 earnings per share. On average, sell-side analysts forecast that REX American Resources Co. will post 8.27 EPS for the current fiscal year.

In other news, CFO Douglas Bruggeman sold 1,500 shares of the firm’s stock in a transaction dated Monday, January 3rd. The shares were sold at an average price of $100.68, for a total value of $151,020.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Stuart A. Rose sold 9,000 shares of the stock in a transaction dated Tuesday, December 7th. The stock was sold at an average price of $102.73, for a total transaction of $924,570.00. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 30,818 shares of company stock valued at $3,119,175. Corporate insiders own 12.20% of the company’s stock.

Several institutional investors have recently modified their holdings of REX. First Trust Advisors LP increased its stake in shares of REX American Resources by 2.0% in the 1st quarter. First Trust Advisors LP now owns 10,472 shares of the energy company’s stock worth $844,000 after acquiring an additional 206 shares in the last quarter. WINTON GROUP Ltd increased its stake in REX American Resources by 3.0% during the 2nd quarter. WINTON GROUP Ltd now owns 7,567 shares of the energy company’s stock valued at $682,000 after purchasing an additional 222 shares in the last quarter. Rafferty Asset Management LLC bought a new stake in REX American Resources during the 2nd quarter valued at about $262,000. Citigroup Inc. increased its stake in REX American Resources by 113.0% during the 2nd quarter. Citigroup Inc. now owns 6,065 shares of the energy company’s stock valued at $547,000 after purchasing an additional 3,218 shares in the last quarter. Finally, Principal Financial Group Inc. increased its stake in REX American Resources by 0.6% during the 2nd quarter. Principal Financial Group Inc. now owns 36,457 shares of the energy company’s stock valued at $3,288,000 after purchasing an additional 216 shares in the last quarter. Institutional investors own 81.26% of the company’s stock.

About REX American Resources (NYSE:REX)

REX American Resources Corp. is a holding company, which engages in the investment in alternative energy and ethanol production entities. It operates through the following segments: Ethanol and By-products and Refined Coal. The Ethanol and By-products segment refers to the equity investments in three ethanol limited liability companies.

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