Principal Financial Group Inc. Raises Stake in REX American Resources Co. (NYSE:REX)

Principal Financial Group Inc. increased its stake in REX American Resources Co. (NYSE:REX) by 0.6% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 78,632 shares of the energy company’s stock after buying an additional 432 shares during the period. Principal Financial Group Inc. owned 0.45% of REX American Resources worth $3,640,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. The Manufacturers Life Insurance Company increased its position in shares of REX American Resources by 3.9% during the second quarter. The Manufacturers Life Insurance Company now owns 6,134 shares of the energy company’s stock worth $280,000 after acquiring an additional 231 shares during the period. FMR LLC increased its holdings in 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 purchasing an additional 605 shares during the period. Hsbc Holdings PLC raised its position in REX American Resources by 8.1% during the 2nd quarter. Hsbc Holdings PLC now owns 9,465 shares of the energy company’s stock valued at $429,000 after purchasing an additional 707 shares in the last quarter. BNP Paribas Financial Markets lifted its holdings in shares of REX American Resources by 9.6% in the 3rd quarter. BNP Paribas Financial Markets now owns 10,353 shares of the energy company’s stock worth $479,000 after buying an additional 904 shares during the period. Finally, Creative Planning grew its position in shares of REX American Resources by 12.9% during the 2nd quarter. Creative Planning now owns 8,018 shares of the energy company’s stock worth $366,000 after buying an additional 913 shares in the last quarter. Institutional investors own 88.12% of the company’s stock.

Analyst Upgrades and Downgrades

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

REX American Resources Stock Up 2.4 %

Shares of REX stock opened at $42.71 on Friday. The firm has a market cap of $750.29 million, a price-to-earnings ratio of 11.18 and a beta of 0.90. REX American Resources Co. has a 52-week low of $39.02 and a 52-week high of $60.78. The company’s 50 day moving average is $43.55 and its 200 day moving average is $44.80.

REX American Resources (NYSE:REX) last released its quarterly earnings results on Tuesday, December 3rd. The energy company reported $1.38 EPS for the quarter, topping the consensus estimate of $0.72 by $0.66. REX American Resources had a return on equity of 11.05% and a net margin of 10.07%. During the same period last year, the business posted $1.49 earnings per share. Analysts anticipate that REX American Resources Co. will post 3.03 EPS for the current fiscal year.

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.