US Bancorp DE Sells 595 Shares of REX American Resources Co. (NYSE:REX)

US Bancorp DE cut its holdings in REX American Resources Co. (NYSE:REX) by 38.6% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 947 shares of the energy company’s stock after selling 595 shares during the period. US Bancorp DE’s holdings in REX American Resources were worth $44,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently bought and sold shares of the business. Wealth Enhancement Advisory Services LLC bought a new position in REX American Resources in the 3rd quarter worth approximately $228,000. Wedge Capital Management L L P NC boosted its holdings in REX American Resources by 16.4% in the 3rd quarter. Wedge Capital Management L L P NC now owns 22,194 shares of the energy company’s stock worth $1,027,000 after buying an additional 3,129 shares during the period. Exchange Traded Concepts LLC bought a new position in REX American Resources in the 3rd quarter worth approximately $1,062,000. CWM LLC boosted its holdings in REX American Resources by 167.2% in the 3rd quarter. CWM LLC now owns 3,222 shares of the energy company’s stock worth $149,000 after buying an additional 2,016 shares during the period. Finally, Healthcare of Ontario Pension Plan Trust Fund boosted its holdings in REX American Resources by 31.1% in the 2nd quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 30,028 shares of the energy company’s stock worth $1,369,000 after buying an additional 7,128 shares during the period. 88.12% of the stock is owned by institutional investors.

REX American Resources Price Performance

NYSE REX opened at $46.39 on Monday. REX American Resources Co. has a 1 year low of $35.73 and a 1 year high of $60.78. The stock has a market capitalization of $814.93 million, a PE ratio of 11.80 and a beta of 0.94. The company’s 50 day simple moving average is $45.59 and its two-hundred day simple moving average is $47.33.

REX American Resources (NYSE:REX) last posted its earnings results on Tuesday, August 27th. The energy company reported $0.70 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.44 by $0.26. The business had revenue of $148.16 million for the quarter, compared to analysts’ expectations 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 period in the prior year, the company posted $0.52 EPS. On average, research analysts anticipate that REX American Resources Co. will post 2.6 EPS for the current year.

Wall Street Analysts Forecast Growth

Separately, Truist Financial lowered their target price on shares of REX American Resources from $65.00 to $60.00 and set a “buy” rating on the stock in a research note on Tuesday, August 27th.

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.