Cerity Partners LLC Buys 2,122 Shares of REX American Resources Co. (NYSE:REX)

Cerity Partners LLC increased its stake in shares of REX American Resources Co. (NYSE:REX) by 26.3% during the third quarter, according to the company in its most recent filing with the SEC. The fund owned 10,190 shares of the energy company’s stock after acquiring an additional 2,122 shares during the period. Cerity Partners LLC owned 0.06% of REX American Resources worth $472,000 as of its most recent filing with the SEC.

A number of other institutional investors have also made changes to their positions in the stock. The Manufacturers Life Insurance Company boosted its holdings in REX American Resources by 3.9% during the second quarter. The Manufacturers Life Insurance Company now owns 6,134 shares of the energy company’s stock valued at $280,000 after acquiring an additional 231 shares during the period. Principal Financial Group Inc. boosted its stake in REX American Resources by 0.6% during the 3rd quarter. Principal Financial Group Inc. now owns 78,632 shares of the energy company’s stock valued at $3,640,000 after purchasing an additional 432 shares during the period. Diversified Trust Co grew its holdings in REX American Resources by 10.5% in the 2nd quarter. Diversified Trust Co now owns 4,854 shares of the energy company’s stock valued at $221,000 after buying an additional 460 shares during the last quarter. Price T Rowe Associates Inc. MD increased its position in REX American Resources by 3.1% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 18,657 shares of the energy company’s stock worth $1,096,000 after buying an additional 569 shares during the period. Finally, Hsbc Holdings PLC lifted its holdings in shares of REX American Resources by 8.1% during the second quarter. Hsbc Holdings PLC now owns 9,465 shares of the energy company’s stock worth $429,000 after buying an additional 707 shares during the last quarter. 88.12% of the stock is owned by institutional investors.

REX American Resources Price Performance

Shares of NYSE:REX opened at $40.79 on Monday. The business’s fifty day moving average price is $45.24 and its two-hundred day moving average price is $45.87. REX American Resources Co. has a fifty-two week low of $39.39 and a fifty-two week high of $60.78. The stock has a market capitalization of $716.56 million, a price-to-earnings ratio of 10.68 and a beta of 0.90.

REX American Resources (NYSE:REX) last issued its quarterly earnings data on Tuesday, December 3rd. The energy company reported $1.38 earnings per share for the quarter, topping the consensus estimate of $0.72 by $0.66. REX American Resources had a net margin of 10.07% and a return on equity of 11.05%. During the same quarter in the previous year, the business earned $1.49 EPS. Research analysts expect that REX American Resources Co. will post 2.6 EPS for the current fiscal year.

Wall Street Analyst Weigh In

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

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.