REX American Resources (NYSE:REX) Releases Earnings Results, Beats Estimates By $0.42 EPS

REX American Resources (NYSE:REX) issued its quarterly earnings results on Thursday. The energy company reported $0.56 EPS for the quarter, topping analysts’ consensus estimates of $0.14 by $0.42, Zacks reports. The company had revenue of $156.50 million for the quarter, compared to analysts’ expectations of $167.23 million. REX American Resources had a return on equity of 12.72% and a net margin of 12.75%.

REX American Resources Stock Performance

Shares of REX stock opened at $49.44 on Thursday. REX American Resources has a fifty-two week low of $19.44 and a fifty-two week high of $53.36. The stock’s fifty day moving average price is $45.96 and its two-hundred day moving average price is $38.26. The company has a market cap of $1.63 billion, a PE ratio of 19.78 and a beta of 0.63.

Insider Activity at REX American Resources

In related news, CFO Douglas Bruggeman sold 2,000 shares of the company’s stock in a transaction on Thursday, April 2nd. The stock was sold at an average price of $45.44, for a total transaction of $90,880.00. Following the completion of the sale, the chief financial officer directly owned 259,170 shares in the company, valued at $11,776,684.80. This represents a 0.77% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Company insiders own 13.21% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Dimensional Fund Advisors LP boosted its stake in shares of REX American Resources by 89.3% in the 3rd quarter. Dimensional Fund Advisors LP now owns 2,152,938 shares of the energy company’s stock valued at $65,923,000 after purchasing an additional 1,015,668 shares in the last quarter. Invesco Ltd. lifted its stake in REX American Resources by 140.8% in the 3rd quarter. Invesco Ltd. now owns 408,857 shares of the energy company’s stock valued at $12,519,000 after purchasing an additional 239,043 shares during the last quarter. UniSuper Management Pty Ltd bought a new position in REX American Resources in the 4th quarter valued at approximately $6,550,000. Millennium Management LLC boosted its position in REX American Resources by 133.5% in the third quarter. Millennium Management LLC now owns 282,629 shares of the energy company’s stock valued at $8,654,000 after buying an additional 161,596 shares in the last quarter. Finally, Qube Research & Technologies Ltd grew its stake in shares of REX American Resources by 228.0% during the third quarter. Qube Research & Technologies Ltd now owns 221,071 shares of the energy company’s stock worth $6,769,000 after buying an additional 153,674 shares during the last quarter. Institutional investors own 88.12% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings downgraded shares of REX American Resources from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Monday, May 4th. One research analyst has rated the stock with a Hold rating, According to data from MarketBeat, the company presently has an average rating of “Hold”.

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.