REX American Resources Co. (NYSE:REX) Shares Bought by Principal Financial Group Inc.

Principal Financial Group Inc. grew its position in REX American Resources Co. (NYSE:REX) by 0.6% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 78,632 shares of the energy company’s stock after purchasing an additional 432 shares during the quarter. Principal Financial Group Inc. owned approximately 0.45% of REX American Resources worth $3,640,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of the company. State Board of Administration of Florida Retirement System raised its stake in REX American Resources by 146.2% in the first quarter. State Board of Administration of Florida Retirement System now owns 17,874 shares of the energy company’s stock valued at $1,049,000 after buying an additional 10,613 shares in the last quarter. Vanguard Group Inc. lifted its stake in REX American Resources by 6.0% during the first quarter. Vanguard Group Inc. now owns 1,201,410 shares of the energy company’s stock worth $70,535,000 after purchasing an additional 68,211 shares during the last quarter. Victory Capital Management Inc. boosted its holdings in REX American Resources by 532.2% in the second quarter. Victory Capital Management Inc. now owns 71,709 shares of the energy company’s stock valued at $3,269,000 after purchasing an additional 60,367 shares in the last quarter. Millennium Management LLC raised its holdings in REX American Resources by 61.4% during the second quarter. Millennium Management LLC now owns 102,893 shares of the energy company’s stock worth $4,691,000 after purchasing an additional 39,126 shares in the last quarter. Finally, Sei Investments Co. lifted its position in shares of REX American Resources by 226.9% during the 1st quarter. Sei Investments Co. now owns 14,034 shares of the energy company’s stock worth $824,000 after buying an additional 9,741 shares during the last quarter. 88.12% of the stock is owned by hedge funds and other institutional investors.

REX American Resources Trading Up 1.7 %

REX stock opened at $45.54 on Friday. The company has a market capitalization of $800.00 million, a P/E ratio of 11.59 and a beta of 0.94. The business has a 50 day simple moving average of $45.80 and a 200-day simple moving average of $47.14. REX American Resources Co. has a twelve month low of $36.40 and a twelve month high of $60.78.

REX American Resources (NYSE:REX) last announced its earnings results on Tuesday, August 27th. The energy company reported $0.70 earnings per share for the quarter, beating the consensus estimate of $0.44 by $0.26. REX American Resources had a return on equity of 11.69% and a net margin of 9.64%. The company had revenue of $148.16 million for the quarter, compared to the consensus estimate of $146.00 million. During the same period last year, the business posted $0.52 EPS. Research analysts predict that REX American Resources Co. will post 2.6 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Separately, Truist Financial reduced their price target on shares of 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 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.