Stuart Rose Sells 13,584 Shares of REX American Resources (NYSE:REX) Stock

REX American Resources Corporation (NYSE:REX) insider Stuart Rose sold 13,584 shares of REX American Resources stock in a transaction dated Monday, June 8th. The shares were sold at an average price of $45.23, for a total value of $614,404.32. Following the completion of the transaction, the insider owned 627,149 shares of the company’s stock, valued at approximately $28,365,949.27. This represents a 2.12% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

REX American Resources Stock Performance

Shares of REX American Resources stock traded up $0.05 on Wednesday, hitting $44.24. The company’s stock had a trading volume of 13,478 shares, compared to its average volume of 192,320. REX American Resources Corporation has a 1 year low of $22.22 and a 1 year high of $53.36. The firm has a fifty day moving average price of $46.83 and a 200-day moving average price of $39.13. The company has a market capitalization of $1.46 billion, a price-to-earnings ratio of 15.85 and a beta of 0.61.

REX American Resources (NYSE:REX) last announced its quarterly earnings results on Thursday, May 28th. The energy company reported $0.56 earnings per share 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 during the quarter, compared to analyst estimates of $167.23 million.

Analyst Upgrades and Downgrades

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 investment analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, the company currently has a consensus rating of “Buy”.

Institutional Investors Weigh In On REX American Resources

Large investors have recently bought and sold shares of the company. Hantz Financial Services Inc. grew its position in shares of 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 purchasing an additional 515 shares in the last quarter. Rockefeller Capital Management L.P. grew its position in shares of 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 purchasing an additional 704 shares in the last quarter. Parallel Advisors LLC grew its position in shares of REX American Resources by 97.6% in the third quarter. Parallel Advisors LLC now owns 1,142 shares of the energy company’s stock valued at $35,000 after purchasing an additional 564 shares in the last quarter. Simplex Trading LLC purchased a new stake in shares of REX American Resources in the fourth quarter valued at approximately $35,000. Finally, Ameritas Investment Partners Inc. grew its position in shares of REX American Resources by 59.2% in the third quarter. Ameritas Investment Partners Inc. now owns 2,476 shares of the energy company’s stock valued at $76,000 after purchasing an additional 921 shares in the last quarter. 88.12% of the stock is currently owned by hedge funds and other institutional investors.

About REX American Resources

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.