Rhumbline Advisers Raises Stock Position in REX American Resources Co. (NYSE:REX)

Rhumbline Advisers lifted its stake in REX American Resources Co. (NYSE:REX) by 2.4% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 56,067 shares of the energy company’s stock after purchasing an additional 1,301 shares during the quarter. Rhumbline Advisers owned about 0.32% of REX American Resources worth $2,556,000 as of its most recent SEC filing.

Several other hedge funds have also recently made changes to their positions in REX. Brightline Capital Management LLC purchased a new position in shares of REX American Resources during the fourth quarter worth $7,946,000. Vanguard Group Inc. increased its holdings in shares of REX American Resources by 6.0% in the first quarter. Vanguard Group Inc. now owns 1,201,410 shares of the energy company’s stock valued at $70,535,000 after purchasing an additional 68,211 shares during the last quarter. CANADA LIFE ASSURANCE Co grew its holdings in shares of REX American Resources by 212.4% in the first quarter. CANADA LIFE ASSURANCE Co now owns 43,420 shares of the energy company’s stock valued at $2,552,000 after purchasing an additional 29,522 shares during the period. Pinnacle Wealth Management LLC purchased a new stake in shares of REX American Resources during the 2nd quarter valued at approximately $1,293,000. Finally, GSA Capital Partners LLP lifted its stake in shares of REX American Resources by 396.2% in the 1st quarter. GSA Capital Partners LLP now owns 26,398 shares of the energy company’s stock valued at $1,550,000 after purchasing an additional 21,078 shares during the last quarter. 88.12% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on the stock. Truist Financial lowered their price objective on shares of REX American Resources from $65.00 to $60.00 and set a “buy” rating for the company in a research report on Tuesday, August 27th. StockNews.com cut REX American Resources from a “buy” rating to a “hold” rating in a research note on Thursday, May 23rd.

REX American Resources Stock Performance

NYSE REX opened at $44.81 on Thursday. The firm has a market cap of $784.35 million, a price-to-earnings ratio of 11.95 and a beta of 0.94. The firm has a 50 day simple moving average of $45.66 and a 200-day simple moving average of $49.07. REX American Resources Co. has a one year low of $35.73 and a one year high of $60.78.

REX American Resources (NYSE:REX) last posted its quarterly earnings results on Tuesday, August 27th. The energy company reported $0.70 EPS for the quarter, topping the consensus estimate of $0.44 by $0.26. REX American Resources had a net margin of 9.64% and a return on equity of 11.69%. The business had revenue of $148.16 million during the quarter, compared to the consensus estimate of $146.00 million. During the same quarter in the previous year, the firm posted $0.52 earnings per share. Equities analysts predict that REX American Resources Co. will post 2.6 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.