REX American Resources Co. (NYSE:REX) Shares Sold by Bank of New York Mellon Corp

Bank of New York Mellon Corp lowered its stake in REX American Resources Co. (NYSE:REX) by 1.4% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 119,294 shares of the energy company’s stock after selling 1,740 shares during the quarter. Bank of New York Mellon Corp’s holdings in REX American Resources were worth $4,973,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently bought and sold shares of the stock. Ieq Capital LLC purchased a new position in REX American Resources in the 4th quarter worth about $257,000. Principal Financial Group Inc. increased its stake in REX American Resources by 3.9% in the 4th quarter. Principal Financial Group Inc. now owns 81,726 shares of the energy company’s stock worth $3,407,000 after purchasing an additional 3,094 shares in the last quarter. New York State Teachers Retirement System increased its stake in REX American Resources by 5.4% in the 4th quarter. New York State Teachers Retirement System now owns 11,781 shares of the energy company’s stock worth $491,000 after purchasing an additional 600 shares in the last quarter. Empowered Funds LLC increased its stake in REX American Resources by 5.0% in the 4th quarter. Empowered Funds LLC now owns 75,539 shares of the energy company’s stock worth $3,149,000 after purchasing an additional 3,618 shares in the last quarter. Finally, Empirical Financial Services LLC d.b.a. Empirical Wealth Management increased its stake in REX American Resources by 16.3% in the 4th quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 6,765 shares of the energy company’s stock worth $282,000 after purchasing an additional 950 shares in the last quarter. Hedge funds and other institutional investors own 88.12% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, Truist Financial dropped their price target 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 Trading Up 1.6 %

Shares of NYSE REX opened at $36.71 on Tuesday. REX American Resources Co. has a one year low of $35.40 and a one year high of $60.79. The firm has a market capitalization of $644.88 million, a PE ratio of 9.61 and a beta of 0.92. The business has a 50-day moving average price of $40.70 and a two-hundred day moving average price of $42.94.

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, 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.