REX American Resources (NYSE:REX) Stock Price Down 5.9% – Here’s Why

REX American Resources Corporation (NYSE:REX)’s share price traded down 5.9% on Thursday . The company traded as low as $44.50 and last traded at $46.2670. 165,318 shares were traded during trading, a decline of 13% from the average session volume of 190,025 shares. The stock had previously closed at $49.18.

Analyst Ratings Changes

Separately, Weiss Ratings downgraded shares of REX American Resources from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Monday, May 4th. One investment analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, the company has an average rating of “Hold”.

REX American Resources Trading Down 6.0%

The company’s fifty day moving average is $45.96 and its 200 day moving average is $38.26. The company has a market capitalization of $1.52 billion, a P/E ratio of 18.50 and a beta of 0.63.

REX American Resources (NYSE:REX) last released its quarterly earnings data on Thursday, May 28th. The energy company reported $0.56 EPS for the quarter, topping the consensus estimate of $0.14 by $0.42. The company had revenue of $156.50 million during the quarter, compared to the consensus estimate of $167.23 million. REX American Resources had a net margin of 12.75% and a return on equity of 12.72%.

Insider Buying and Selling

In related news, CFO Douglas Bruggeman sold 2,000 shares of the firm’s stock in a transaction that occurred on Thursday, April 2nd. The shares were sold at an average price of $45.44, for a total value of $90,880.00. Following the completion of the transaction, the chief financial officer directly owned 259,170 shares of the company’s stock, valued at approximately $11,776,684.80. This trade represents a 0.77% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 13.21% of the company’s stock.

Institutional Trading of REX American Resources

Several institutional investors and hedge funds have recently bought and sold shares of REX. AQR Capital Management LLC lifted its stake in REX American Resources by 29.2% in the 1st quarter. AQR Capital Management LLC now owns 96,316 shares of the energy company’s stock worth $3,619,000 after purchasing an additional 21,781 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in REX American Resources by 4.4% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 9,161 shares of the energy company’s stock worth $344,000 after purchasing an additional 390 shares in the last quarter. Empowered Funds LLC lifted its stake in REX American Resources by 4.1% in the 1st quarter. Empowered Funds LLC now owns 78,667 shares of the energy company’s stock worth $2,956,000 after purchasing an additional 3,128 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its stake in REX American Resources by 74.9% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 82,244 shares of the energy company’s stock worth $3,090,000 after purchasing an additional 35,209 shares in the last quarter. Finally, JPMorgan Chase & Co. lifted its stake in REX American Resources by 55.3% in the 2nd quarter. JPMorgan Chase & Co. now owns 95,608 shares of the energy company’s stock worth $4,657,000 after purchasing an additional 34,030 shares in the last quarter. 88.12% of the stock is currently owned by hedge funds and other 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.