REX American Resources (NYSE:REX) Sees Unusually-High Trading Volume

REX American Resources Co. (NYSE:REX) shares saw unusually-strong trading volume on Friday . Approximately 1,443 shares were traded during trading, a decline of 93% from the previous session’s volume of 21,794 shares.The stock last traded at $99.35 and had previously closed at $97.14.

Several research firms have recently commented on REX. Zacks Investment Research cut REX American Resources from a “hold” rating to a “sell” rating in a report on Wednesday, May 26th. TheStreet upgraded REX American Resources from a “c” rating to a “b-” rating in a research report on Wednesday, May 26th.

The company has a market cap of $592.91 million, a PE ratio of 179.89 and a beta of 1.11. The company’s 50 day moving average price is $85.02.

REX American Resources (NYSE:REX) last posted its quarterly earnings results on Tuesday, May 25th. The energy company reported $1.30 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.59 by $0.71. REX American Resources had a net margin of 0.80% and a return on equity of 0.69%. Analysts anticipate that REX American Resources Co. will post 5.99 EPS for the current fiscal year.

In related news, CFO Douglas Bruggeman sold 1,000 shares of the stock in a transaction dated Friday, May 28th. The shares were sold at an average price of $97.12, for a total value of $97,120.00. Following the sale, the chief financial officer now directly owns 27,070 shares of the company’s stock, valued at approximately $2,629,038.40. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. 12.20% of the stock is currently owned by insiders.

A number of institutional investors and hedge funds have recently modified their holdings of REX. Captrust Financial Advisors acquired a new position in shares of REX American Resources during the 1st quarter valued at about $28,000. Citigroup Inc. raised its holdings in shares of REX American Resources by 71.7% during the 4th quarter. Citigroup Inc. now owns 2,503 shares of the energy company’s stock valued at $183,000 after buying an additional 1,045 shares during the period. State of Tennessee Treasury Department lifted its position in REX American Resources by 9.3% during the 1st quarter. State of Tennessee Treasury Department now owns 2,387 shares of the energy company’s stock worth $201,000 after acquiring an additional 204 shares in the last quarter. AQR Capital Management LLC acquired a new stake in REX American Resources in the first quarter valued at approximately $201,000. Finally, Louisiana State Employees Retirement System purchased a new position in shares of REX American Resources in the first quarter valued at $202,000. Institutional investors own 82.25% of the company’s stock.

About REX American Resources (NYSE:REX)

REX American Resources Corporation, together with its subsidiaries, produces and sells ethanol in the United States. It operates in two segments, Ethanol and By-Products, and Refined Coal. The company also offers distillers grains and non-food grade corn oil; and dry distillers grains with solubles, which is used as a protein in animal feed.

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