REX American Resources Corp (NYSE:REX) Director Mervyn L. Alphonso sold 764 shares of REX American Resources stock in a transaction dated Wednesday, September 11th. The shares were sold at an average price of $77.85, for a total value of $59,477.40. Following the completion of the sale, the director now owns 1,005 shares of the company’s stock, valued at approximately $78,239.25. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website.
REX stock traded up $0.30 on Wednesday, hitting $78.28. 1,593 shares of the company were exchanged, compared to its average volume of 49,023. The company has a debt-to-equity ratio of 0.03, a current ratio of 11.63 and a quick ratio of 10.64. The stock has a market capitalization of $490.49 million, a price-to-earnings ratio of 26.88 and a beta of 0.92. REX American Resources Corp has a twelve month low of $61.71 and a twelve month high of $89.80. The business’s fifty day moving average is $72.68 and its two-hundred day moving average is $76.90.
REX American Resources (NYSE:REX) last issued its earnings results on Thursday, August 29th. The energy company reported $0.36 earnings per share for the quarter, missing the consensus estimate of $1.19 by ($0.83). The firm had revenue of $105.87 million during the quarter. REX American Resources had a return on equity of 4.02% and a net margin of 4.02%.
Separately, TheStreet lowered shares of REX American Resources from a “b-” rating to a “c+” rating in a report on Thursday, June 13th.
A number of hedge funds have recently made changes to their positions in REX. Renaissance Technologies LLC raised its holdings in REX American Resources by 3.2% in the second quarter. Renaissance Technologies LLC now owns 509,014 shares of the energy company’s stock valued at $37,107,000 after acquiring an additional 15,970 shares in the last quarter. Vanguard Group Inc. increased its stake in REX American Resources by 0.4% during the 2nd quarter. Vanguard Group Inc. now owns 388,732 shares of the energy company’s stock valued at $28,338,000 after buying an additional 1,548 shares during the period. Northern Trust Corp raised its position in shares of REX American Resources by 0.5% during the 2nd quarter. Northern Trust Corp now owns 322,107 shares of the energy company’s stock worth $23,482,000 after buying an additional 1,492 shares in the last quarter. JPMorgan Chase & Co. raised its position in shares of REX American Resources by 10.8% during the 2nd quarter. JPMorgan Chase & Co. now owns 305,384 shares of the energy company’s stock worth $21,688,000 after buying an additional 29,809 shares in the last quarter. Finally, Bank of New York Mellon Corp lifted its stake in shares of REX American Resources by 2.2% in the 2nd quarter. Bank of New York Mellon Corp now owns 83,170 shares of the energy company’s stock worth $6,063,000 after acquiring an additional 1,780 shares during the period. 87.69% of the stock is currently owned by hedge funds and other institutional investors.
About REX American Resources
REX American Resources Corporation, together with its subsidiaries, produces and sells ethanol. It operates through two segments, Ethanol and By-Products, and Refined Coal. The company also offers dried distillers grains, modified distillers grains, non-food grade corn oil, and others. In addition, it provides dry distillers grains with solubles, which is used as a protein in animal feed; and produces, processes, and sells refined coal.
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