REX American Resources (NYSE:REX) Lowered to “Hold” at StockNews.com

REX American Resources (NYSE:REXGet Free Report) was downgraded by investment analysts at StockNews.com from a “buy” rating to a “hold” rating in a research note issued to investors on Monday.

REX American Resources Price Performance

NYSE REX traded up $0.68 during trading hours on Monday, hitting $44.39. 93,956 shares of the company’s stock traded hands, compared to its average volume of 122,398. The firm’s 50-day moving average is $44.29 and its 200-day moving average is $40.40. The company has a market capitalization of $776.83 million, a PE ratio of 15.97 and a beta of 1.04. REX American Resources has a 52-week low of $27.42 and a 52-week high of $51.19.

REX American Resources (NYSE:REXGet Free Report) last posted its quarterly earnings results on Thursday, November 30th. The energy company reported $1.49 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.79 by $0.70. The business had revenue of $221.08 million during the quarter, compared to analyst estimates of $198.00 million. REX American Resources had a return on equity of 9.12% and a net margin of 5.74%. Equities research analysts predict that REX American Resources will post 3.02 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in REX. Tower Research Capital LLC TRC grew its position in REX American Resources by 185.9% in the third quarter. Tower Research Capital LLC TRC now owns 889 shares of the energy company’s stock worth $25,000 after acquiring an additional 578 shares during the period. AJOVista LLC purchased a new position in shares of REX American Resources during the fourth quarter worth $29,000. Allspring Global Investments Holdings LLC boosted its position in shares of REX American Resources by 84.5% during the third quarter. Allspring Global Investments Holdings LLC now owns 893 shares of the energy company’s stock worth $36,000 after buying an additional 409 shares during the period. Qube Research & Technologies Ltd purchased a new position in shares of REX American Resources during the third quarter worth $40,000. Finally, Captrust Financial Advisors boosted its position in shares of REX American Resources by 40.5% during the first quarter. Captrust Financial Advisors now owns 503 shares of the energy company’s stock worth $50,000 after buying an additional 145 shares during the period. 79.55% of the stock is currently owned by hedge funds and other institutional investors.

REX American Resources Company Profile

(Get Free Report)

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.

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