REX American Resources (NYSE:REX) Stock Rating Upgraded by StockNews.com

REX American Resources (NYSE:REXGet Rating) was upgraded by StockNews.com from a “buy” rating to a “strong-buy” rating in a note issued to investors on Thursday.

Other equities analysts have also recently issued research reports about the stock. Truist Financial dropped their price target on shares of REX American Resources from $120.00 to $115.00 in a research report on Thursday, April 7th. Zacks Investment Research cut shares of REX American Resources from a “hold” rating to a “strong sell” rating in a research report on Tuesday, April 12th.

Shares of REX traded down $2.99 on Thursday, reaching $87.16. The company’s stock had a trading volume of 28,728 shares, compared to its average volume of 36,710. REX American Resources has a twelve month low of $72.06 and a twelve month high of $113.43. The stock has a market capitalization of $515.99 million, a PE ratio of 9.93 and a beta of 1.08. The firm has a fifty day moving average of $91.14 and a 200-day moving average of $94.23.

REX American Resources (NYSE:REXGet Rating) last announced its quarterly earnings results on Wednesday, May 25th. The energy company reported $0.87 earnings per share for the quarter, beating the consensus estimate of $0.82 by $0.05. REX American Resources had a net margin of 6.76% and a return on equity of 10.86%. During the same period in the previous year, the business posted $1.30 EPS. Equities research analysts forecast that REX American Resources will post 5.62 EPS for the current fiscal year.

In other REX American Resources news, CFO Douglas Bruggeman sold 1,100 shares of REX American Resources stock in a transaction that occurred on Friday, March 25th. The shares were sold at an average price of $104.55, for a total transaction of $115,005.00. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 11.50% of the stock is owned by company insiders.

Several large investors have recently bought and sold shares of the stock. Captrust Financial Advisors raised its holdings in shares of REX American Resources by 40.5% in the 1st quarter. Captrust Financial Advisors now owns 503 shares of the energy company’s stock worth $50,000 after purchasing an additional 145 shares during the period. New York State Teachers Retirement System raised its holdings in shares of REX American Resources by 9.4% in the 1st quarter. New York State Teachers Retirement System now owns 2,318 shares of the energy company’s stock worth $231,000 after purchasing an additional 200 shares during the period. First Trust Advisors LP raised its holdings 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 purchasing an additional 206 shares during the period. Geode Capital Management LLC grew its stake in REX American Resources by 0.3% in the 4th quarter. Geode Capital Management LLC now owns 91,782 shares of the energy company’s stock valued at $8,811,000 after buying an additional 270 shares in the last quarter. Finally, Wells Fargo & Company MN grew its stake in REX American Resources by 0.8% in the 4th quarter. Wells Fargo & Company MN now owns 41,425 shares of the energy company’s stock valued at $3,977,000 after buying an additional 309 shares in the last quarter. 81.03% of the stock is currently owned by institutional investors.

REX American Resources Company Profile (Get Rating)

REX American Resources Corporation, together with its subsidiaries, produces and sells ethanol in the United States. The company also offers corn, distillers grains, non-food grade corn oil, gasoline, and natural gas. In addition, the company provides dry distillers grains with solubles, which is used as a protein in animal feed.

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