The Manufacturers Life Insurance Company Acquires 231 Shares of REX American Resources Co. (NYSE:REX)

The Manufacturers Life Insurance Company increased its holdings in shares of REX American Resources Co. (NYSE:REX) by 3.9% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 6,134 shares of the energy company’s stock after purchasing an additional 231 shares during the quarter. The Manufacturers Life Insurance Company’s holdings in REX American Resources were worth $280,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors also recently modified their holdings of the company. CWM LLC boosted its holdings in REX American Resources by 1,944.1% in the second quarter. CWM LLC now owns 1,206 shares of the energy company’s stock worth $55,000 after purchasing an additional 1,147 shares during the last quarter. EntryPoint Capital LLC bought a new stake in shares of REX American Resources in the first quarter worth $133,000. SG Americas Securities LLC purchased a new stake in REX American Resources during the first quarter valued at $139,000. Allspring Global Investments Holdings LLC lifted its holdings in 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 valued at $150,000 after acquiring an additional 1,583 shares during the period. Finally, Concourse Financial Group Securities Inc. purchased a new position in REX American Resources in the first quarter worth about $164,000. 88.12% of the stock is owned by hedge funds and other institutional investors.

REX American Resources Price Performance

Shares of REX opened at $46.63 on Friday. The firm has a market cap of $816.21 million, a P/E ratio of 12.43 and a beta of 0.93. REX American Resources Co. has a 1 year low of $35.73 and a 1 year high of $60.78. The company has a 50 day simple moving average of $45.20 and a two-hundred day simple moving average of $49.06.

REX American Resources (NYSE:REX) last announced 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 for the quarter, compared to analysts’ expectations of $146.00 million. During the same quarter in the previous year, the company earned $0.52 EPS. On average, sell-side analysts anticipate that REX American Resources Co. will post 2.6 earnings per share for the current year.

Analyst Ratings Changes

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

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.