American Century Companies Inc. Purchases 160,685 Shares of REX American Resources Co. (NYSE:REX)

American Century Companies Inc. grew its position in REX American Resources Co. (NYSE:REX) by 148.8% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 268,660 shares of the energy company’s stock after buying an additional 160,685 shares during the quarter. American Century Companies Inc. owned 1.53% of REX American Resources worth $12,248,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. CWM LLC raised its position in REX American Resources by 1,944.1% during the second quarter. CWM LLC now owns 1,206 shares of the energy company’s stock valued at $55,000 after purchasing an additional 1,147 shares in the last quarter. EntryPoint Capital LLC acquired a new position in REX American Resources during the first quarter worth about $133,000. SG Americas Securities LLC acquired a new position in REX American Resources during the first quarter worth about $139,000. Allspring Global Investments Holdings LLC lifted its holdings in shares of REX American Resources by 163.0% in the first quarter. Allspring Global Investments Holdings LLC now owns 2,554 shares of the energy company’s stock worth $150,000 after acquiring an additional 1,583 shares during the last quarter. Finally, Concourse Financial Group Securities Inc. acquired a new stake in shares of REX American Resources in the 1st quarter valued at approximately $164,000. Institutional investors own 88.12% of the company’s stock.

Analysts Set New Price Targets

Separately, Truist Financial dropped 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 note on Tuesday, August 27th.

REX American Resources Stock Up 1.4 %

Shares of REX stock opened at $46.51 on Friday. REX American Resources Co. has a twelve month low of $35.73 and a twelve month high of $60.78. The stock’s fifty day simple moving average is $45.67 and its 200 day simple moving average is $49.08. The firm has a market capitalization of $814.11 million, a P/E ratio of 12.40 and a beta of 0.94.

REX American Resources (NYSE:REX) last released its quarterly earnings data on Tuesday, August 27th. The energy company reported $0.70 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.44 by $0.26. REX American Resources had a return on equity of 11.69% and a net margin of 9.64%. The company had revenue of $148.16 million during the quarter, compared to the consensus estimate of $146.00 million. During the same quarter in the prior year, the firm posted $0.52 earnings per share. As a group, equities research analysts expect 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.