REX American Resources (NYSE:REX) CFO Sells $247,840.78 in Stock

REX American Resources Corporation (NYSE:REX) CFO Douglas Bruggeman sold 5,086 shares of the business’s stock in a transaction that occurred on Tuesday, June 2nd. The shares were sold at an average price of $48.73, for a total transaction of $247,840.78. Following the transaction, the chief financial officer owned 254,084 shares of the company’s stock, valued at approximately $12,381,513.32. This represents a 1.96% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

Douglas Bruggeman also recently made the following trade(s):

• On Thursday, April 2nd, Douglas Bruggeman sold 2,000 shares of REX American Resources stock. The shares were sold at an average price of $45.44, for a total transaction of $90,880.00.

REX American Resources Price Performance

Shares of REX opened at $44.88 on Friday. REX American Resources Corporation has a one year low of $21.45 and a one year high of $53.36. The company has a market cap of $1.48 billion, a P/E ratio of 16.00 and a beta of 0.61. The firm has a 50 day simple moving average of $46.88 and a two-hundred day simple moving average of $38.91.

REX American Resources (NYSE:REX) last announced its quarterly earnings data on Thursday, May 28th. The energy company reported $0.56 EPS for the quarter, beating the consensus estimate of $0.14 by $0.42. REX American Resources had a net margin of 14.30% and a return on equity of 13.67%. The business had revenue of $156.50 million during the quarter, compared to the consensus estimate of $167.23 million.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. Rockefeller Capital Management L.P. increased its holdings in shares of REX American Resources by 359.2% during the fourth quarter. Rockefeller Capital Management L.P. now owns 900 shares of the energy company’s stock worth $29,000 after buying an additional 704 shares in the last quarter. Hantz Financial Services Inc. grew its stake in shares of REX American Resources by 133.4% in the fourth quarter. Hantz Financial Services Inc. now owns 901 shares of the energy company’s stock worth $29,000 after purchasing an additional 515 shares during the last quarter. Simplex Trading LLC bought a new stake in shares of REX American Resources in the fourth quarter worth $35,000. Parallel Advisors LLC grew its stake in shares of REX American Resources by 97.6% in the third quarter. Parallel Advisors LLC now owns 1,142 shares of the energy company’s stock worth $35,000 after purchasing an additional 564 shares during the last quarter. Finally, Ameritas Investment Partners Inc. grew its stake in shares of REX American Resources by 59.2% in the third quarter. Ameritas Investment Partners Inc. now owns 2,476 shares of the energy company’s stock worth $76,000 after purchasing an additional 921 shares during the last quarter. 88.12% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Separately, Weiss Ratings upgraded shares of REX American Resources from a “hold (c+)” rating to a “buy (b-)” rating in a report on Wednesday. One research analyst has rated the stock with a Buy rating, According to MarketBeat, the stock has a consensus rating of “Buy”.

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.