REX American Resources Co. (NYSE:REX) Insider Sells $289,511.51 in Stock

REX American Resources Co. (NYSE:REX) insider Stuart A. Rose sold 4,943 shares of the stock in a transaction on Monday, April 8th. The shares were sold at an average price of $58.57, for a total value of $289,511.51. Following the completion of the transaction, the insider now owns 1,487,362 shares of the company’s stock, valued at approximately $87,114,792.34. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

REX American Resources Stock Down 0.7 %

NYSE:REX opened at $57.99 on Wednesday. REX American Resources Co. has a 1-year low of $27.47 and a 1-year high of $60.78. The firm has a market capitalization of $1.01 billion, a price-to-earnings ratio of 16.71 and a beta of 1.07. The stock has a fifty day simple moving average of $46.21 and a 200 day simple moving average of $42.93.

Institutional Investors Weigh In On REX American Resources

Several hedge funds have recently bought and sold shares of the business. BlackRock Inc. lifted its stake in REX American Resources by 1.1% in the 2nd quarter. BlackRock Inc. now owns 3,254,682 shares of the energy company’s stock worth $113,295,000 after acquiring an additional 34,214 shares in the last quarter. Dimensional Fund Advisors LP raised its stake in shares of REX American Resources by 1.3% during the 1st quarter. Dimensional Fund Advisors LP now owns 1,470,174 shares of the energy company’s stock worth $42,032,000 after purchasing an additional 19,248 shares in the last quarter. Vanguard Group Inc. raised its stake in shares of REX American Resources by 196.5% during the 3rd quarter. Vanguard Group Inc. now owns 1,235,009 shares of the energy company’s stock worth $34,482,000 after purchasing an additional 818,479 shares in the last quarter. Renaissance Technologies LLC raised its stake in shares of REX American Resources by 5.7% during the 1st quarter. Renaissance Technologies LLC now owns 919,315 shares of the energy company’s stock worth $26,283,000 after purchasing an additional 49,368 shares in the last quarter. Finally, State Street Corp raised its stake in shares of REX American Resources by 180.4% during the 3rd quarter. State Street Corp now owns 854,961 shares of the energy company’s stock worth $23,871,000 after purchasing an additional 550,029 shares in the last quarter. 88.12% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities analysts recently weighed in on REX shares. Truist Financial reiterated a “buy” rating and issued a $58.00 price target on shares of REX American Resources in a research report on Monday, April 1st. StockNews.com upgraded REX American Resources from a “hold” rating to a “buy” rating in a research report on Thursday, March 7th.

About REX American Resources

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, it provides dry distillers grains with solubles, which is used as a protein in animal feed.