Wealth Enhancement Advisory Services LLC Takes $228,000 Position in REX American Resources Co. (NYSE:REX)

Wealth Enhancement Advisory Services LLC acquired a new position in shares of REX American Resources Co. (NYSE:REX) during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 4,923 shares of the energy company’s stock, valued at approximately $228,000.

A number of other large investors have also recently bought and sold shares of REX. CWM LLC lifted its holdings in shares of REX American Resources by 1,944.1% in the 2nd quarter. CWM LLC now owns 1,206 shares of the energy company’s stock worth $55,000 after purchasing an additional 1,147 shares during the last quarter. EntryPoint Capital LLC bought a new position in shares of REX American Resources during the first quarter worth about $133,000. SG Americas Securities LLC acquired a new stake in shares of REX American Resources in the 1st quarter worth about $139,000. Allspring Global Investments Holdings LLC lifted its position in 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 valued at $150,000 after purchasing an additional 1,583 shares during the last quarter. Finally, Diversified Trust Co boosted its stake in REX American Resources by 10.5% during the 2nd quarter. Diversified Trust Co now owns 4,854 shares of the energy company’s stock valued at $221,000 after purchasing an additional 460 shares during the period. Institutional investors own 88.12% of the company’s stock.

REX American Resources Stock Performance

Shares of REX opened at $49.11 on Tuesday. REX American Resources Co. has a one year low of $35.73 and a one year high of $60.78. The stock’s fifty day moving average is $45.27 and its 200-day moving average is $47.60. The firm has a market capitalization of $862.86 million, a price-to-earnings ratio of 12.50 and a beta of 0.94.

REX American Resources (NYSE:REX) last released its quarterly earnings results on Tuesday, August 27th. The energy company reported $0.70 EPS for the quarter, topping analysts’ consensus estimates of $0.44 by $0.26. REX American Resources had a net margin of 9.64% and a return on equity of 11.69%. The company had revenue of $148.16 million for the quarter, compared to the consensus estimate of $146.00 million. During the same period in the previous year, the firm earned $0.52 EPS. Analysts forecast that REX American Resources Co. will post 2.6 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Separately, Truist Financial cut their price target 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.

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.