REX American Resources Co. (NYSE:REX) Shares Sold by Amalgamated Bank

Amalgamated Bank decreased its position in shares of REX American Resources Co. (NYSE:REXFree Report) by 11.1% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 5,741 shares of the energy company’s stock after selling 716 shares during the quarter. Amalgamated Bank’s holdings in REX American Resources were worth $272,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also recently modified their holdings of the company. South Dakota Investment Council grew its stake in shares of 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 valued at $7,674,000 after buying an additional 116,710 shares during the period. Hsbc Holdings PLC purchased a new position in REX American Resources in the third quarter worth approximately $244,000. Invesco Ltd. grew its position in REX American Resources by 5.2% in the third quarter. Invesco Ltd. now owns 293,943 shares of the energy company’s stock worth $11,969,000 after acquiring an additional 14,593 shares during the period. Russell Investments Group Ltd. increased its stake in REX American Resources by 96.3% during the fourth quarter. Russell Investments Group Ltd. now owns 67,858 shares of the energy company’s stock worth $3,210,000 after acquiring an additional 33,298 shares during the last quarter. Finally, Wedge Capital Management L L P NC lifted its stake in shares of REX American Resources by 8.8% in the 4th quarter. Wedge Capital Management L L P NC now owns 10,537 shares of the energy company’s stock valued at $498,000 after purchasing an additional 850 shares during the last quarter. Hedge funds and other institutional investors own 88.12% of the company’s stock.

Insider Transactions at REX American Resources

In related news, CFO Douglas Bruggeman sold 2,000 shares of REX American Resources stock in a transaction that occurred on Tuesday, April 2nd. The shares were sold at an average price of $59.60, for a total value of $119,200.00. Following the completion of the transaction, the chief financial officer now owns 88,605 shares in the company, valued at $5,280,858. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, insider Stuart A. Rose sold 4,943 shares of the business’s stock in a transaction that occurred on Monday, April 8th. The shares were sold at an average price of $58.57, for a total transaction of $289,511.51. Following the completion of the sale, the insider now owns 1,487,362 shares in the company, valued at approximately $87,114,792.34. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Douglas Bruggeman sold 2,000 shares of the stock in a transaction on Tuesday, April 2nd. The shares were sold at an average price of $59.60, for a total transaction of $119,200.00. Following the completion of the transaction, the chief financial officer now directly owns 88,605 shares in the company, valued at $5,280,858. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 111,984 shares of company stock valued at $6,643,493. 11.68% of the stock is currently owned by corporate insiders.

REX American Resources Price Performance

Shares of NYSE:REX opened at $56.17 on Wednesday. The firm’s 50-day moving average is $54.41 and its two-hundred day moving average is $46.85. REX American Resources Co. has a 1 year low of $30.09 and a 1 year high of $60.78. The firm has a market capitalization of $982.98 million, a PE ratio of 16.19 and a beta of 1.08.

REX American Resources (NYSE:REXGet Free Report) last issued its quarterly earnings results on Thursday, March 28th. The energy company reported $1.16 EPS for the quarter, beating the consensus estimate of $0.71 by $0.45. REX American Resources had a net margin of 7.31% and a return on equity of 11.06%. The company had revenue of $187.61 million during the quarter, compared to analysts’ expectations of $170.00 million. Analysts expect that REX American Resources Co. will post 1.77 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on REX shares. Truist Financial restated a “buy” rating and issued a $70.00 price objective (up 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 report on Thursday, March 7th.

Check Out Our Latest Stock Report on REX American Resources

REX American Resources Company Profile

(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, ethanol, distillers corn oil, gasoline, and natural gas. In addition, it provides dry distillers grains with solubles, which is used as a protein in animal feed.

Further Reading

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Institutional Ownership by Quarter for REX American Resources (NYSE:REX)

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