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

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

Analyst Ratings Changes

Several research analysts have recently weighed in on the stock. Truist Financial reaffirmed a “buy” rating and issued a $70.00 price target (up previously from $58.00) on shares of REX American Resources in a report on Friday, April 12th. StockNews.com raised REX American Resources from a “hold” rating to a “buy” rating in a research note on Thursday, March 7th.

REX American Resources Price Performance

The firm has a market cap of $984.20 million, a P/E ratio of 16.11 and a beta of 1.07. The stock has a 50 day moving average of $48.23 and a 200 day moving average of $43.67.

Insider Buying and Selling at REX American Resources

In other REX American Resources news, insider Stuart A. Rose sold 100,000 shares of the company’s stock in a transaction dated Wednesday, April 3rd. The shares were sold at an average price of $59.42, for a total transaction of $5,942,000.00. Following the completion of the sale, the insider now directly owns 1,512,305 shares in the company, valued at $89,861,163.10. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. In other news, insider Stuart A. Rose sold 100,000 shares of the stock in a transaction dated Wednesday, April 3rd. The shares were sold at an average price of $59.42, for a total transaction of $5,942,000.00. Following the completion of the sale, the insider now directly owns 1,512,305 shares in the company, valued at $89,861,163.10. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CFO Douglas Bruggeman sold 2,000 shares of the stock in a transaction dated Tuesday, April 2nd. The stock was 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 of the company’s stock, valued at $5,280,858. The disclosure for this sale can be found here. Insiders sold a total of 111,984 shares of company stock worth $6,643,493 over the last three months. Company insiders own 12.20% of the company’s stock.

Institutional Trading of REX American Resources

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Allspring Global Investments Holdings LLC lifted its holdings in REX American Resources by 163.0% in the first quarter. Allspring Global Investments Holdings LLC now owns 2,554 shares of the energy company’s stock worth $150,000 after buying an additional 1,583 shares during the period. Diversified Trust Co purchased a new stake in REX American Resources in the first quarter worth about $258,000. Canandaigua National Bank & Trust Co. purchased a new stake in REX American Resources in the first quarter worth about $200,000. Quadrature Capital Ltd bought a new position in shares of REX American Resources during the fourth quarter valued at approximately $678,000. Finally, Vanguard Group Inc. increased its stake in shares of REX American Resources by 3.1% during the fourth quarter. Vanguard Group Inc. now owns 1,133,199 shares of the energy company’s stock valued at $53,600,000 after purchasing an additional 33,663 shares in the last quarter. 88.12% of the stock is currently owned by hedge funds and other institutional investors.

REX American Resources Company Profile

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.