REX American Resources (NYSE:REX) Shares Gap Down – Should You Sell?

REX American Resources Corporation (NYSE:REX) shares gapped down before the market opened on Monday . The stock had previously closed at $40.68, but opened at $38.80. REX American Resources shares last traded at $39.1650, with a volume of 15,429 shares trading hands.

Analyst Ratings Changes

Several equities analysts have recently commented on REX shares. Weiss Ratings raised shares of REX American Resources from a “hold (c+)” rating to a “buy (b-)” rating in a report on Monday, March 2nd. Wall Street Zen raised shares of REX American Resources from a “hold” rating to a “buy” rating in a research note on Saturday, December 6th. Two equities research analysts have rated the stock with a Buy rating, According to MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus price target of $25.00.

REX American Resources Price Performance

The firm’s 50-day moving average is $35.52 and its two-hundred day moving average is $33.36. The company has a market cap of $1.30 billion, a P/E ratio of 26.45 and a beta of 0.73.

Institutional Trading of REX American Resources

Several hedge funds have recently made changes to their positions in the business. Vanguard Group Inc. increased its stake in REX American Resources by 3.8% during the fourth quarter. Vanguard Group Inc. now owns 2,529,944 shares of the energy company’s stock worth $81,768,000 after acquiring an additional 93,312 shares during the last quarter. Dimensional Fund Advisors LP increased its position in shares of REX American Resources by 89.3% during the 3rd quarter. Dimensional Fund Advisors LP now owns 2,152,938 shares of the energy company’s stock valued at $65,923,000 after purchasing an additional 1,015,668 shares during the last quarter. Mangrove Partners IM LLC raised its holdings in REX American Resources by 92.8% during the 4th quarter. Mangrove Partners IM LLC now owns 1,015,234 shares of the energy company’s stock valued at $32,812,000 after buying an additional 488,682 shares during the period. American Century Companies Inc. lifted its position 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 worth $25,305,000 after buying an additional 386,947 shares during the last quarter. Finally, Geode Capital Management LLC boosted its stake in REX American Resources by 0.4% during the fourth quarter. Geode Capital Management LLC now owns 695,670 shares of the energy company’s stock worth $22,486,000 after buying an additional 2,647 shares during the period. 88.12% of the stock is currently owned by hedge funds and other 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.