Barclays PLC Has $1.98 Million Stake in REX American Resources Co. (NYSE:REX)

Barclays PLC grew its stake in REX American Resources Co. (NYSE:REX) by 87.3% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 42,855 shares of the energy company’s stock after purchasing an additional 19,977 shares during the period. Barclays PLC owned about 0.24% of REX American Resources worth $1,983,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently made changes to their positions in REX. Systematic Financial Management LP lifted its stake 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 last quarter. Pacer Advisors Inc. bought a new stake in shares of REX American Resources in the 3rd quarter valued at $20,590,000. American Century Companies Inc. grew its holdings in REX American Resources by 148.8% during the 2nd quarter. American Century Companies Inc. now owns 268,660 shares of the energy company’s stock worth $12,248,000 after acquiring an additional 160,685 shares during the period. Hotchkis & Wiley Capital Management LLC grew its stake in 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. Finally, Panagora Asset Management Inc. boosted its holdings in shares of REX American Resources by 10.7% during the 2nd 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 in the last quarter. 88.12% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Separately, Truist Financial cut their price objective on shares of REX American Resources from $60.00 to $55.00 and set a “buy” rating on the stock in a research report on Monday, December 9th.

REX American Resources Price Performance

Shares of NYSE REX opened at $41.58 on Friday. REX American Resources Co. has a 1 year low of $39.02 and a 1 year high of $60.78. The stock has a market capitalization of $730.44 million, a P/E ratio of 10.88 and a beta of 0.90. The company has a 50-day moving average price of $43.86 and a 200-day moving average price of $44.96.

REX American Resources (NYSE:REX) last announced its earnings results on Tuesday, December 3rd. The energy company reported $1.38 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.72 by $0.66. REX American Resources had a return on equity of 11.05% and a net margin of 10.07%. During the same quarter in the previous year, the business earned $1.49 EPS. As a group, equities research analysts anticipate that REX American Resources Co. will post 3.03 earnings per share 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.