Ieq Capital LLC Takes Position in REX American Resources Co. (NYSE:REX)

Ieq Capital LLC purchased a new position in shares of REX American Resources Co. (NYSE:REX) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 6,162 shares of the energy company’s stock, valued at approximately $257,000.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the stock. FMR LLC raised its holdings in shares of REX American Resources by 34.8% during the third quarter. FMR LLC now owns 2,345 shares of the energy company’s stock valued at $109,000 after acquiring an additional 605 shares during the last quarter. Intech Investment Management LLC purchased a new stake in shares of REX American Resources during the third quarter worth approximately $213,000. Wealth Enhancement Advisory Services LLC acquired a new position in REX American Resources in the 3rd quarter valued at $228,000. HighTower Advisors LLC purchased a new position in REX American Resources in the 3rd quarter valued at $246,000. Finally, Diversified Trust Co lifted its holdings in REX American Resources by 12.5% in the 4th quarter. Diversified Trust Co now owns 5,471 shares of the energy company’s stock valued at $228,000 after purchasing an additional 610 shares in the last quarter. 88.12% of the stock is owned by hedge funds and other institutional investors.

REX American Resources Price Performance

REX stock opened at $38.60 on Friday. REX American Resources Co. has a 1 year low of $38.01 and a 1 year high of $60.78. The firm has a market capitalization of $678.09 million, a PE ratio of 10.10 and a beta of 0.91. The business has a 50 day simple moving average of $41.91 and a 200-day simple moving average of $43.74.

REX American Resources (NYSE:REX) last issued its earnings results on Tuesday, December 3rd. The energy company reported $1.38 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.72 by $0.66. REX American Resources had a return on equity of 11.05% and a net margin of 10.07%. During the same period in the previous year, the company posted $1.49 earnings per share. On average, equities research analysts expect that REX American Resources Co. will post 2.93 EPS for the current year.

Wall Street Analysts Forecast Growth

Separately, Truist Financial reduced their target price on shares of REX American Resources from $60.00 to $55.00 and set a “buy” rating for the company in a research report on Monday, December 9th.

About REX American Resources

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.