REX American Resources (NYSE:REX) Price Target Lowered to $55.00 at Truist Financial

REX American Resources (NYSE:REX) had its price target reduced by Truist Financial from $60.00 to $55.00 in a research report report published on Monday,Benzinga reports. They currently have a buy rating on the energy company’s stock.

REX American Resources Stock Performance

NYSE:REX opened at $40.94 on Monday. The company’s 50-day simple moving average is $45.13 and its 200-day simple moving average is $45.76. REX American Resources 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 $719.32 million, a P/E ratio of 10.72 and a beta of 0.90.

REX American Resources (NYSE:REX) last announced its earnings results on Tuesday, December 3rd. The energy company reported $1.38 earnings per share for the quarter, beating 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 period in the prior year, the business earned $1.49 earnings per share. On average, research analysts forecast that REX American Resources will post 2.6 EPS for the current year.

Hedge Funds Weigh In On REX American Resources

Several hedge funds have recently modified their holdings of the stock. Systematic Financial Management LP increased its position in shares of REX American Resources by 8.3% in the 3rd quarter. Systematic Financial Management LP now owns 692,926 shares of the energy company’s stock valued at $32,076,000 after acquiring an additional 52,891 shares during the period. Pacer Advisors Inc. acquired a new position in shares of REX American Resources in the third quarter valued at about $20,590,000. Geode Capital Management LLC raised its stake in shares of REX American Resources by 2.0% in the third quarter. Geode Capital Management LLC now owns 365,780 shares of the energy company’s stock worth $16,935,000 after purchasing an additional 7,080 shares during the last quarter. American Century Companies Inc. raised its stake in shares of REX American Resources by 148.8% in the second quarter. American Century Companies Inc. now owns 268,660 shares of the energy company’s stock worth $12,248,000 after purchasing an additional 160,685 shares during the last quarter. Finally, Hotchkis & Wiley Capital Management LLC lifted its holdings in shares of REX American Resources by 254.8% during the third quarter. Hotchkis & Wiley Capital Management LLC now owns 240,597 shares of the energy company’s stock worth $11,137,000 after purchasing an additional 172,780 shares during the period. Institutional investors and hedge funds own 88.12% of the company’s stock.

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.