AQR Capital Management LLC Raises Stock Position in REX American Resources Co. (NYSE:REX)

AQR Capital Management LLC boosted its stake in REX American Resources Co. (NYSE:REX) by 440.6% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 86,140 shares of the energy company’s stock after purchasing an additional 70,207 shares during the period. AQR Capital Management LLC owned approximately 0.49% of REX American Resources worth $3,927,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in the stock. CWM LLC boosted its holdings in shares of 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 buying an additional 1,147 shares during the last quarter. EntryPoint Capital LLC purchased a new position in shares of REX American Resources during the 1st quarter worth $133,000. SG Americas Securities LLC bought a new stake in shares of REX American Resources during the 1st quarter valued at $139,000. Allspring Global Investments Holdings LLC increased its stake in shares of REX American Resources by 163.0% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 2,554 shares of the energy company’s stock worth $150,000 after purchasing an additional 1,583 shares in the last quarter. Finally, Concourse Financial Group Securities Inc. bought a new position in REX American Resources in the 1st quarter worth $164,000. 88.12% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

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

REX American Resources Price Performance

Shares of NYSE:REX opened at $46.10 on Friday. The company has a market capitalization of $806.93 million, a P/E ratio of 12.29 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 firm’s 50 day simple moving average is $45.41 and its two-hundred day simple moving average is $49.21.

REX American Resources (NYSE:REX) last issued its earnings results on Tuesday, August 27th. The energy company reported $0.70 earnings per share for the quarter, topping the consensus estimate of $0.44 by $0.26. The company had revenue of $148.16 million during the quarter, compared to the consensus estimate of $146.00 million. REX American Resources had a net margin of 9.64% and a return on equity of 11.69%. During the same quarter in the prior year, the firm posted $0.52 EPS. On average, sell-side analysts anticipate that REX American Resources Co. will post 2.6 earnings per share for the current fiscal year.

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.