REX American Resources (NYSE:REX) CFO Douglas Bruggeman Sells 5,086 Shares of Stock

REX American Resources Corporation (NYSE:REX) CFO Douglas Bruggeman sold 5,086 shares of REX American Resources stock in a transaction that occurred on Tuesday, June 2nd. The shares were sold at an average price of $48.73, for a total transaction of $247,840.78. Following the transaction, the chief financial officer directly owned 254,084 shares in the company, valued at approximately $12,381,513.32. This trade represents a 1.96% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

Douglas Bruggeman also recently made the following trade(s):

• On Thursday, April 2nd, Douglas Bruggeman sold 2,000 shares of REX American Resources stock. The stock was sold at an average price of $45.44, for a total transaction of $90,880.00.

REX American Resources Trading Down 4.2%

Shares of REX stock opened at $46.28 on Thursday. The company has a market cap of $1.52 billion, a PE ratio of 16.50 and a beta of 0.61. The company’s fifty day simple moving average is $46.70 and its 200-day simple moving average is $38.78. REX American Resources Corporation has a 52 week low of $21.24 and a 52 week high of $53.36.

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, topping analysts’ consensus estimates of $0.14 by $0.42. REX American Resources had a net margin of 14.30% and a return on equity of 13.67%. The firm had revenue of $156.50 million during the quarter, compared to analysts’ expectations of $167.23 million.

Wall Street Analyst Weigh In

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

Hedge Funds Weigh In On REX American Resources

Several large investors have recently modified their holdings of REX. Vanguard Group Inc. increased its holdings in REX American Resources by 101.0% in the third quarter. Vanguard Group Inc. now owns 2,436,632 shares of the energy company’s stock valued at $74,610,000 after buying an additional 1,224,274 shares during the last quarter. Dimensional Fund Advisors LP lifted its holdings in REX American Resources by 89.3% during the 3rd quarter. Dimensional Fund Advisors LP now owns 2,152,938 shares of the energy company’s stock worth $65,923,000 after buying an additional 1,015,668 shares during the last quarter. M&T Bank Corp acquired a new position in shares of REX American Resources in the 4th quarter worth approximately $17,199,000. Mangrove Partners IM LLC bought a new stake in shares of REX American Resources in the 3rd quarter valued at approximately $16,123,000. Finally, American Century Companies Inc. increased its holdings in shares of REX American Resources by 88.0% in the 3rd quarter. American Century Companies Inc. now owns 826,427 shares of the energy company’s stock valued at $25,305,000 after acquiring an additional 386,947 shares during the last quarter. Institutional investors own 88.12% of the company’s stock.

REX American Resources Company Profile

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.