REX American Resources (NYSE:REX) Issues Earnings Results, Beats Expectations By $0.42 EPS

REX American Resources (NYSE:REX) issued its earnings results on Thursday. The energy company reported $0.56 EPS for the quarter, beating the consensus estimate of $0.14 by $0.42, Zacks reports. REX American Resources had a net margin of 12.75% and a return on equity of 12.72%.

REX American Resources Price Performance

REX opened at $49.44 on Thursday. The company has a market capitalization of $1.63 billion, a PE ratio of 19.78 and a beta of 0.63. REX American Resources has a 1 year low of $19.44 and a 1 year high of $53.36. The business has a fifty day simple moving average of $45.96 and a 200 day simple moving average of $38.26.

Analyst Upgrades and Downgrades

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 equities research analyst has rated the stock with a Hold rating, According to MarketBeat, the company presently has a consensus rating of “Hold”.

Insider Buying and Selling at REX American Resources

In other news, CFO Douglas Bruggeman sold 2,000 shares of the company’s stock in a transaction on Thursday, April 2nd. The stock was 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 approximately $11,776,684.80. This represents a 0.77% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Insiders own 13.21% of the company’s stock.

Institutional Trading of REX American Resources

Institutional investors and hedge funds have recently made changes to their positions in the company. Brooklyn Investment Group bought a new stake in shares of REX American Resources during the 4th quarter valued at approximately $225,000. Danske Bank A S acquired a new position in shares of REX American Resources in the third quarter worth approximately $208,000. Verition Fund Management LLC acquired a new position in shares of REX American Resources in the third quarter worth approximately $276,000. Mariner LLC raised its stake in REX American Resources by 108.2% during the third quarter. Mariner LLC now owns 9,149 shares of the energy company’s stock worth $280,000 after buying an additional 4,755 shares during the last quarter. Finally, Aquatic Capital Management LLC increased its holdings in REX American Resources by 5.2% in the third quarter. Aquatic Capital Management LLC now owns 9,151 shares of the energy company’s stock worth $280,000 after purchasing an additional 450 shares in the last quarter. Institutional investors own 88.12% of the company’s stock.

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.