Verition Fund Management LLC Sells 7,857 Shares of REX American Resources Co. (NYSE:REX)

Verition Fund Management LLC cut its position in REX American Resources Co. (NYSE:REX) by 57.5% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 5,815 shares of the energy company’s stock after selling 7,857 shares during the quarter. Verition Fund Management LLC’s holdings in REX American Resources were worth $269,000 as of its most recent SEC filing.

Other hedge funds have also recently made changes to their positions in the company. CWM LLC boosted its position in REX American Resources by 1,944.1% during the 2nd quarter. CWM LLC now owns 1,206 shares of the energy company’s stock worth $55,000 after buying an additional 1,147 shares during the period. FMR LLC grew its stake in shares of REX American Resources by 34.8% in the third quarter. FMR LLC now owns 2,345 shares of the energy company’s stock worth $109,000 after purchasing an additional 605 shares during the last quarter. Intech Investment Management LLC acquired a new position in REX American Resources during the 3rd quarter worth about $213,000. SG Americas Securities LLC grew its position in shares of REX American Resources by 95.5% in the 2nd quarter. SG Americas Securities LLC now owns 4,641 shares of the energy company’s stock valued at $212,000 after buying an additional 2,267 shares during the last quarter. Finally, Diversified Trust Co increased its stake in shares of REX American Resources by 10.5% in the second quarter. Diversified Trust Co now owns 4,854 shares of the energy company’s stock valued at $221,000 after buying an additional 460 shares during the period. 88.12% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Separately, Truist Financial cut their price objective on REX American Resources from $60.00 to $55.00 and set a “buy” rating on the stock in a research note on Monday, December 9th.

REX American Resources Stock Up 0.9 %

REX opened at $41.43 on Friday. The company has a fifty day moving average of $44.76 and a 200-day moving average of $45.43. REX American Resources Co. has a twelve month low of $39.39 and a twelve month high of $60.78. The stock has a market cap of $727.93 million, a PE ratio of 10.85 and a beta of 0.90.

REX American Resources (NYSE:REX) last announced its quarterly earnings data on Tuesday, December 3rd. The energy company reported $1.38 EPS for the quarter, topping the consensus estimate of $0.72 by $0.66. REX American Resources had a net margin of 10.07% and a return on equity of 11.05%. During the same quarter in the prior year, the business posted $1.49 earnings per share. Sell-side analysts anticipate that REX American Resources Co. will post 3.03 EPS for the current fiscal year.

REX American Resources Profile

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.