Truist Financial Reiterates Buy Rating for REX American Resources (NYSE:REX)

REX American Resources (NYSE:REX)‘s stock had its “buy” rating restated by stock analysts at Truist Financial in a report issued on Friday, Benzinga reports. They currently have a $70.00 price objective on the energy company’s stock, up from their previous price objective of $58.00. Truist Financial’s target price would suggest a potential upside of 23.41% from the stock’s current price.

Separately, StockNews.com raised shares of REX American Resources from a “hold” rating to a “buy” rating in a report on Thursday, March 7th.

REX American Resources Stock Down 0.7 %

NYSE REX opened at $56.72 on Friday. The company has a market cap of $992.60 million, a PE ratio of 16.35 and a beta of 1.07. REX American Resources has a 52 week low of $27.47 and a 52 week high of $60.78. The firm’s 50-day simple moving average is $47.14 and its two-hundred day simple moving average is $43.28.

Insider Buying and Selling at REX American Resources

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 value of $5,942,000.00. Following the sale, the insider now directly owns 1,512,305 shares of the company’s stock, valued at $89,861,163.10. The sale was disclosed in a legal filing with the SEC, which is available at 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 value of $5,942,000.00. Following the sale, the insider now directly owns 1,512,305 shares of the company’s stock, valued at $89,861,163.10. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Stuart A. Rose sold 5,041 shares of the stock in a transaction dated Friday, April 5th. The stock was sold at an average price of $58.08, for a total transaction of $292,781.28. Following the completion of the sale, the insider now directly owns 1,492,305 shares in the company, valued at $86,673,074.40. The disclosure for this sale can be found here. Insiders have sold a total of 111,984 shares of company stock valued at $6,643,493 over the last three months. 12.20% of the stock is currently owned by insiders.

Institutional Investors Weigh In On REX American Resources

A number of institutional investors and hedge funds have recently modified their holdings of the company. Captrust Financial Advisors lifted its holdings in shares of REX American Resources by 40.5% in the first quarter. Captrust Financial Advisors now owns 503 shares of the energy company’s stock worth $50,000 after buying an additional 145 shares in the last quarter. PNC Financial Services Group Inc. increased its position in shares of REX American Resources by 3.1% in the second quarter. PNC Financial Services Group Inc. now owns 8,980 shares of the energy company’s stock worth $313,000 after purchasing an additional 274 shares during the last quarter. Teachers Retirement System of The State of Kentucky increased its position in shares of REX American Resources by 5.2% in the second quarter. Teachers Retirement System of The State of Kentucky now owns 5,579 shares of the energy company’s stock worth $194,000 after purchasing an additional 276 shares during the last quarter. Barclays PLC increased its position in shares of REX American Resources by 4.7% in the first quarter. Barclays PLC now owns 7,968 shares of the energy company’s stock worth $228,000 after purchasing an additional 361 shares during the last quarter. Finally, Rhumbline Advisers increased its position in shares of REX American Resources by 2.3% in the second quarter. Rhumbline Advisers now owns 16,398 shares of the energy company’s stock worth $1,391,000 after purchasing an additional 371 shares during the last quarter. 88.12% of the stock is 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.