REX American Resources Co. (NYSE:REX) Shares Sold by Thrivent Financial for Lutherans

Thrivent Financial for Lutherans lowered its position in shares of REX American Resources Co. (NYSE:REX) by 4.3% in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 12,642 shares of the energy company’s stock after selling 569 shares during the period. Thrivent Financial for Lutherans owned approximately 0.07% of REX American Resources worth $576,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently made changes to their positions in REX. Vanguard Group Inc. increased its stake in REX American Resources by 6.0% during the first quarter. Vanguard Group Inc. now owns 1,201,410 shares of the energy company’s stock worth $70,535,000 after acquiring an additional 68,211 shares during the last quarter. American Century Companies Inc. raised its holdings in REX American Resources by 148.8% in the 2nd quarter. American Century Companies Inc. now owns 268,660 shares of the energy company’s stock valued at $12,248,000 after buying an additional 160,685 shares during the period. Brightline Capital Management LLC acquired a new position in REX American Resources in the fourth quarter valued at about $7,946,000. Panagora Asset Management Inc. boosted its stake in REX American Resources by 10.7% during the second quarter. Panagora Asset Management Inc. now owns 115,279 shares of the energy company’s stock worth $5,256,000 after buying an additional 11,188 shares during the period. Finally, Victory Capital Management Inc. increased its position in shares of REX American Resources by 532.2% during the second quarter. Victory Capital Management Inc. now owns 71,709 shares of the energy company’s stock valued at $3,269,000 after acquiring an additional 60,367 shares during the last quarter. Hedge funds and other institutional investors own 88.12% of the company’s stock.

REX American Resources Price Performance

Shares of REX American Resources stock opened at $44.84 on Wednesday. The stock has a market capitalization of $784.88 million, a price-to-earnings ratio of 11.96 and a beta of 0.93. The business has a 50-day moving average of $45.26 and a 200 day moving average of $49.24. REX American Resources Co. has a 12 month low of $35.73 and a 12 month high of $60.78.

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

Analysts Set New Price Targets

Separately, Truist Financial decreased their price objective on shares of REX American Resources from $65.00 to $60.00 and set a “buy” rating on the stock in a report on Tuesday, August 27th.

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.