REX American Resources (NYSE:REX) Shares Up 4.7%

REX American Resources Co. (NYSE:REX) traded up 4.7% during trading on Wednesday . The company traded as high as $57.85 and last traded at $57.23. 136,094 shares changed hands during mid-day trading, an increase of 1% from the average session volume of 134,827 shares. The stock had previously closed at $54.65.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on the stock. StockNews.com raised shares of REX American Resources from a “hold” rating to a “buy” rating in a research note on Thursday, March 7th. Truist Financial reissued a “buy” rating and issued a $70.00 price objective (up from $58.00) on shares of REX American Resources in a research note on Friday, April 12th.

REX American Resources Price Performance

The company’s 50-day moving average is $48.23 and its 200-day moving average is $43.67. The firm has a market capitalization of $984.20 million, a price-to-earnings ratio of 16.11 and a beta of 1.07.

Insider Buying and Selling

In related news, insider Stuart A. Rose sold 4,943 shares of the firm’s stock in a transaction that occurred on Monday, April 8th. The shares were sold at an average price of $58.57, for a total value of $289,511.51. Following the transaction, the insider now owns 1,487,362 shares in the company, valued at $87,114,792.34. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In other news, CFO Douglas Bruggeman sold 2,000 shares of REX American Resources stock in a transaction that occurred on Tuesday, April 2nd. The shares were sold at an average price of $59.60, for a total transaction of $119,200.00. Following the sale, the chief financial officer now owns 88,605 shares in the company, valued at $5,280,858. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Stuart A. Rose sold 4,943 shares of REX American Resources stock in a transaction that occurred on Monday, April 8th. The shares were sold at an average price of $58.57, for a total transaction of $289,511.51. Following the sale, the insider now owns 1,487,362 shares in the company, valued at approximately $87,114,792.34. The disclosure for this sale can be found here. Over the last three months, insiders have sold 111,984 shares of company stock valued at $6,643,493. Insiders own 12.20% of the company’s stock.

Institutional Trading of REX American Resources

A number of hedge funds have recently made changes to their positions in the company. BlackRock Inc. grew its position in shares of REX American Resources by 194.4% during the third quarter. BlackRock Inc. now owns 2,690,593 shares of the energy company’s stock worth $75,121,000 after buying an additional 1,776,751 shares in the last quarter. Vanguard Group Inc. grew its position in shares of REX American Resources by 196.5% during the third quarter. Vanguard Group Inc. now owns 1,235,009 shares of the energy company’s stock worth $34,482,000 after buying an additional 818,479 shares in the last quarter. State Street Corp grew its position in shares of REX American Resources by 180.4% during the third quarter. State Street Corp now owns 854,961 shares of the energy company’s stock worth $23,871,000 after buying an additional 550,029 shares in the last quarter. AWH Capital L.P. acquired a new position in REX American Resources in the first quarter worth $4,875,000. Finally, Brightline Capital Management LLC acquired a new position in REX American Resources in the fourth quarter worth $7,946,000. Hedge funds and other institutional investors own 88.12% of the company’s stock.

About REX American Resources

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.