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

StockNews.com lowered shares of REX American Resources (NYSE:REXFree Report) from a buy rating to a hold rating in a research note published on Monday.

REX American Resources Stock Performance

Shares of REX stock opened at $44.39 on Monday. The stock’s fifty day moving average is $44.29 and its two-hundred day moving average is $40.40. The firm has a market capitalization of $776.83 million, a P/E ratio of 15.97 and a beta of 1.04. REX American Resources has a fifty-two week low of $27.42 and a fifty-two week high of $51.19.

REX American Resources (NYSE:REXGet Free Report) last announced its quarterly earnings data on Thursday, November 30th. The energy company reported $1.49 earnings per share for the quarter, beating analysts’ consensus estimates of $0.79 by $0.70. REX American Resources had a return on equity of 9.12% and a net margin of 5.74%. The company had revenue of $221.08 million for the quarter, compared to analyst estimates of $198.00 million. On average, equities analysts forecast that REX American Resources will post 3.02 earnings per share for the current year.

Institutional Trading of REX American Resources

A number of hedge funds and other institutional investors have recently modified their holdings of REX. HighTower Advisors LLC acquired a new stake in shares of REX American Resources in the 1st quarter worth $267,000. Citigroup Inc. increased its stake in shares of REX American Resources by 47.0% in the 1st quarter. Citigroup Inc. now owns 6,957 shares of the energy company’s stock worth $693,000 after acquiring an additional 2,224 shares during the last quarter. Healthcare of Ontario Pension Plan Trust Fund acquired a new stake in shares of REX American Resources in the 1st quarter worth $1,135,000. MetLife Investment Management LLC increased its stake in shares of REX American Resources by 55.7% in the 1st quarter. MetLife Investment Management LLC now owns 2,727 shares of the energy company’s stock worth $272,000 after acquiring an additional 975 shares during the last quarter. Finally, Panagora Asset Management Inc. increased its position in shares of REX American Resources by 193.8% during the 1st quarter. Panagora Asset Management Inc. now owns 12,468 shares of the energy company’s stock worth $1,242,000 after purchasing an additional 8,224 shares during the last quarter. 79.55% of the stock is owned by institutional investors and hedge funds.

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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