REX American Resources (NYSE:REX) Shares Down 4.7% – Here’s What Happened

REX American Resources Corporation (NYSE:REX)’s stock price dropped 4.7% during mid-day trading on Tuesday . The stock traded as low as $45.05 and last traded at $45.3950. Approximately 173,442 shares changed hands during mid-day trading, a decline of 11% from the average daily volume of 194,299 shares. The stock had previously closed at $47.64.

Wall Street Analyst Weigh In

REX has been the topic of a number of recent research reports. Wall Street Zen raised shares of REX American Resources from a “hold” rating to a “buy” rating in a research report on Saturday, December 6th. Weiss Ratings raised shares of REX American Resources from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Monday, March 2nd. One analyst has rated the stock with a Buy rating, According to MarketBeat.com, the stock currently has an average rating of “Buy”.

REX American Resources Trading Down 2.3%

The business has a 50 day simple moving average of $37.14 and a two-hundred day simple moving average of $34.07. The stock has a market cap of $1.47 billion, a price-to-earnings ratio of 17.81 and a beta of 0.61.

REX American Resources (NYSE:REX) last announced 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. REX American Resources had a return on equity of 12.72% and a net margin of 12.75%.The company had revenue of $157.96 million for the quarter, compared to analyst estimates of $162.00 million. Research analysts anticipate that REX American Resources Corporation will post 2.93 EPS for the current fiscal year.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the stock. Principal Financial Group Inc. raised its stake in shares of REX American Resources by 112.9% in the 3rd quarter. Principal Financial Group Inc. now owns 154,397 shares of the energy company’s stock valued at $4,728,000 after purchasing an additional 81,869 shares in the last quarter. AWH Capital L.P. acquired a new position in REX American Resources in the second quarter worth about $1,461,000. American Century Companies Inc. increased its holdings in REX American Resources by 88.0% in the third quarter. American Century Companies Inc. now owns 826,427 shares of the energy company’s stock valued at $25,305,000 after buying an additional 386,947 shares during the last quarter. Y Intercept Hong Kong Ltd acquired a new stake in REX American Resources during the third quarter valued at approximately $931,000. Finally, Public Sector Pension Investment Board raised its stake in REX American Resources by 121.7% during the third quarter. Public Sector Pension Investment Board now owns 110,475 shares of the energy company’s stock valued at $3,383,000 after buying an additional 60,652 shares in the last quarter. 88.12% of the stock is currently owned by institutional investors.

About REX American Resources

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.