REX American Resources (NYSE:REX) Downgraded by StockNews.com to Hold

StockNews.com cut shares of REX American Resources (NYSE:REXFree Report) from a buy rating to a hold rating in a report issued on Monday.

REX American Resources Price Performance

REX opened at $44.39 on Monday. The stock has a 50-day moving average price of $44.29 and a 200-day moving average price of $40.40. The firm has a market cap of $776.83 million, a PE ratio of 15.97 and a beta of 1.04. REX American Resources has a 1 year low of $27.42 and a 1 year high of $51.19.

REX American Resources (NYSE:REXGet Free Report) last posted its quarterly earnings results on Thursday, November 30th. The energy company reported $1.49 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.79 by $0.70. The firm had revenue of $221.08 million during the quarter, compared to analyst estimates of $198.00 million. REX American Resources had a return on equity of 9.12% and a net margin of 5.74%. As a group, sell-side analysts anticipate that REX American Resources will post 3.02 EPS for the current year.

Hedge Funds Weigh In On REX American Resources

A number of hedge funds have recently bought and sold shares of REX. BlackRock Inc. raised its position in REX American Resources by 194.4% in the 3rd 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 during the last quarter. Vanguard Group Inc. raised its position in REX American Resources by 196.5% in the 3rd 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 during the last quarter. State Street Corp raised its position in REX American Resources by 180.4% in the 3rd 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 during the last quarter. AWH Capital L.P. purchased a new position in REX American Resources in the 1st quarter worth about $4,875,000. Finally, South Dakota Investment Council raised its position in REX American Resources by 256.4% in the 4th quarter. South Dakota Investment Council now owns 162,231 shares of the energy company’s stock worth $7,674,000 after buying an additional 116,710 shares during the last quarter. Hedge funds and other institutional investors own 79.55% of the company’s stock.

REX American Resources Company Profile

(Get Free Report)

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.

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