Douglas Bruggeman Sells 2,000 Shares of REX American Resources (NYSE:REX) Stock

REX American Resources Corporation (NYSE:REX) CFO Douglas Bruggeman sold 2,000 shares of the company’s stock in a transaction on Thursday, April 2nd. The shares were 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 trade represents a 0.77% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

REX American Resources Price Performance

NYSE:REX opened at $45.27 on Friday. The company’s fifty day moving average price is $37.58 and its 200-day moving average price is $34.28. REX American Resources Corporation has a 1-year low of $16.73 and a 1-year high of $48.66. The firm has a market capitalization of $1.49 billion, a P/E ratio of 18.11 and a beta of 0.61.

REX American Resources (NYSE:REX) last posted its earnings results on Thursday, March 26th. The energy company reported $1.32 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.14 by $1.18. The company had revenue of $157.96 million during the quarter, compared to the consensus estimate of $162.00 million. REX American Resources had a net margin of 12.75% and a return on equity of 12.72%. Equities analysts anticipate that REX American Resources Corporation will post 2.93 EPS for the current fiscal year.

Analysts Set New Price Targets

REX has been the topic of several analyst reports. Weiss Ratings raised REX American Resources from a “hold (c+)” rating to a “buy (b-)” rating in a report on Monday, March 2nd. Wall Street Zen raised REX American Resources from a “hold” rating to a “buy” rating in a report on Saturday, December 6th. One investment analyst has rated the stock with a Buy rating, According to MarketBeat, REX American Resources presently has a consensus rating of “Buy”.

Hedge Funds Weigh In On REX American Resources

Large investors have recently bought and sold shares of the business. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in REX American Resources by 4.4% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 9,161 shares of the energy company’s stock valued at $344,000 after purchasing an additional 390 shares during the period. Aquatic Capital Management LLC lifted its position in shares of REX American Resources by 5.2% during the 3rd quarter. Aquatic Capital Management LLC now owns 9,151 shares of the energy company’s stock valued at $280,000 after buying an additional 450 shares in the last quarter. Barclays PLC lifted its position in shares of REX American Resources by 0.6% during the 4th quarter. Barclays PLC now owns 83,598 shares of the energy company’s stock valued at $2,702,000 after buying an additional 493 shares in the last quarter. Horizon Investments LLC grew its stake in REX American Resources by 2.8% in the 4th quarter. Horizon Investments LLC now owns 18,810 shares of the energy company’s stock valued at $608,000 after acquiring an additional 514 shares during the period. Finally, Hantz Financial Services Inc. grew its stake in REX American Resources by 133.4% in the 4th quarter. Hantz Financial Services Inc. now owns 901 shares of the energy company’s stock valued at $29,000 after acquiring an additional 515 shares during the period. Institutional investors and hedge funds 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.