REX American Resources Co. (NYSE:REX) Shares Sold by PNC Financial Services Group Inc.

PNC Financial Services Group Inc. decreased its holdings in REX American Resources Co. (NYSE:REX) by 9.4% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 8,190 shares of the energy company’s stock after selling 850 shares during the period. PNC Financial Services Group Inc.’s holdings in REX American Resources were worth $341,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of REX. FMR LLC increased its holdings in shares of REX American Resources by 34.8% during the 3rd quarter. FMR LLC now owns 2,345 shares of the energy company’s stock worth $109,000 after buying an additional 605 shares during the last quarter. Intech Investment Management LLC acquired a new stake in shares of REX American Resources during the 3rd quarter worth approximately $213,000. Diversified Trust Co increased its holdings in shares of REX American Resources by 12.5% during the 4th quarter. Diversified Trust Co now owns 5,471 shares of the energy company’s stock worth $228,000 after buying an additional 610 shares during the last quarter. Ballentine Partners LLC acquired a new stake in shares of REX American Resources during the 4th quarter worth approximately $232,000. Finally, SG Americas Securities LLC increased its holdings in shares of REX American Resources by 36.1% during the 4th quarter. SG Americas Securities LLC now owns 5,682 shares of the energy company’s stock worth $237,000 after buying an additional 1,506 shares during the last quarter. Institutional investors and hedge funds own 88.12% of the company’s stock.

REX American Resources Stock Performance

REX American Resources stock opened at $36.86 on Friday. REX American Resources Co. has a fifty-two week low of $35.40 and a fifty-two week high of $60.79. The firm has a 50 day moving average price of $40.15 and a 200 day moving average price of $42.73. The company has a market capitalization of $647.43 million, a PE ratio of 9.65 and a beta of 0.92.

Wall Street Analysts Forecast Growth

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

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.