REX American Resources (NYSE:REX) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of REX American Resources (NYSE:REX) from a buy rating to a strong-buy rating in a report released on Saturday morning,Wall Street Zen reports.

Separately, Weiss Ratings lowered shares of REX American Resources from a “buy (b)” rating to a “buy (b-)” rating in a report on Monday, August 24th. One equities research analyst has rated the stock with a Buy rating, According to MarketBeat.com, the stock has a consensus rating of “Buy”.

REX American Resources Stock Performance

REX opened at $41.51 on Friday. The firm has a market cap of $1.38 billion, a P/E ratio of 11.37 and a beta of 0.63. REX American Resources has a 52-week low of $30.02 and a 52-week high of $53.36. The business’s fifty day moving average is $44.22 and its 200-day moving average is $43.90.

REX American Resources (NYSE:REX) last posted its quarterly earnings results on Wednesday, September 2nd. The energy company reported $1.06 EPS for the quarter, beating 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 business had revenue of $168.49 million during the quarter, compared to the consensus estimate of $194.81 million.

Insider Buying and Selling at REX American Resources

In related news, insider Stuart Rose sold 15,186 shares of the company’s stock in a transaction on Thursday, June 18th. The stock was sold at an average price of $43.64, for a total transaction of $662,717.04. Following the completion of the sale, the insider directly owned 573,094 shares in the company, valued at $25,009,822.16. This represents a 2.58% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Over the last 90 days, insiders sold 86,416 shares of company stock valued at $3,781,584. Company insiders own 13.21% of the company’s stock.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of REX. Public Employees Retirement System of Ohio acquired a new position in REX American Resources in the 2nd quarter worth about $27,000. Hantz Financial Services Inc. grew its holdings in shares of REX American Resources by 133.4% during the fourth quarter. Hantz Financial Services Inc. now owns 901 shares of the energy company’s stock worth $29,000 after purchasing an additional 515 shares during the last quarter. Rockefeller Capital Management L.P. grew its holdings in shares of REX American Resources by 359.2% during the fourth quarter. Rockefeller Capital Management L.P. now owns 900 shares of the energy company’s stock worth $29,000 after purchasing an additional 704 shares during the last quarter. Parallel Advisors LLC increased its stake 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 buying an additional 564 shares during the period. Finally, Simplex Trading LLC acquired a new position in shares of REX American Resources in the fourth quarter valued at approximately $35,000. 88.12% of the stock is currently owned by institutional investors.

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.