JPMorgan Chase & Co. Sells 1,004 Shares of REX American Resources Co. (NYSE:REX)

JPMorgan Chase & Co. reduced its position in shares of REX American Resources Co. (NYSE:REX) by 1.0% in the third quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 103,733 shares of the energy company’s stock after selling 1,004 shares during the quarter. JPMorgan Chase & Co. owned 0.59% of REX American Resources worth $4,802,000 at the end of the most recent quarter.

Other large investors have also bought and sold shares of the company. FMR LLC lifted its holdings in shares of REX American Resources by 34.8% during the third quarter. FMR LLC now owns 2,345 shares of the energy company’s stock valued at $109,000 after purchasing an additional 605 shares in the last quarter. CWM LLC raised its position 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 last quarter. Intech Investment Management LLC bought a new position in REX American Resources during the 3rd quarter valued at about $213,000. Wealth Enhancement Advisory Services LLC purchased a new stake in shares of REX American Resources during the 3rd quarter valued at about $228,000. Finally, HighTower Advisors LLC bought a new stake in shares of REX American Resources in the third quarter worth approximately $246,000. 88.12% of the stock is owned by hedge funds and other institutional investors.

REX American Resources Price Performance

REX stock opened at $41.82 on Friday. The company has a market cap of $734.85 million, a P/E ratio of 10.95 and a beta of 0.92. REX American Resources Co. has a 1 year low of $39.02 and a 1 year high of $60.78. The stock’s fifty day moving average price is $42.85 and its 200-day moving average price is $44.65.

REX American Resources (NYSE:REX) last announced its earnings results on Tuesday, December 3rd. The energy company reported $1.38 earnings per share (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 in the previous year, the business earned $1.49 EPS. As a group, analysts expect that REX American Resources Co. will post 3.03 earnings per share for the current year.

Analysts Set New Price Targets

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

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.