REX American Resources Co. (NYSE:REX) Shares Acquired by SG Americas Securities LLC

SG Americas Securities LLC grew its position in shares of REX American Resources Co. (NYSE:REX) by 36.1% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 5,682 shares of the energy company’s stock after purchasing an additional 1,506 shares during the period. SG Americas Securities LLC’s holdings in REX American Resources were worth $237,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in REX. Ballentine Partners LLC acquired a new stake in REX American Resources in the 4th quarter valued at $232,000. Wedge Capital Management L L P NC grew its stake in REX American Resources by 12.6% during the 4th quarter. Wedge Capital Management L L P NC now owns 24,997 shares of the energy company’s stock worth $1,042,000 after buying an additional 2,803 shares during the last quarter. Diversified Trust Co boosted its stake in REX American Resources by 12.5% during the 4th quarter. Diversified Trust Co now owns 5,471 shares of the energy company’s stock valued at $228,000 after purchasing an additional 610 shares during the period. Principal Financial Group Inc. boosted its position in REX American Resources by 0.6% during the 3rd quarter. Principal Financial Group Inc. now owns 78,632 shares of the energy company’s stock worth $3,640,000 after acquiring an additional 432 shares during the period. Finally, Geode Capital Management LLC boosted its holdings in shares of REX American Resources by 2.0% in the third quarter. Geode Capital Management LLC now owns 365,780 shares of the energy company’s stock valued at $16,935,000 after acquiring an additional 7,080 shares in the last quarter. Hedge funds and other institutional investors own 88.12% of the company’s stock.

REX American Resources Stock Performance

Shares of NYSE REX opened at $42.13 on Friday. The stock has a market cap of $740.06 million, a price-to-earnings ratio of 11.03 and a beta of 0.91. REX American Resources Co. has a 52 week low of $39.02 and a 52 week high of $60.78. The business has a 50 day simple moving average of $41.80 and a 200 day simple moving average of $44.28.

REX American Resources (NYSE:REX) last announced its earnings results on Tuesday, December 3rd. The energy company reported $1.38 earnings per share for the quarter, beating 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 quarter in the prior year, the business posted $1.49 earnings per share. On average, analysts predict that REX American Resources Co. will post 2.93 EPS for the current year.

Analyst Ratings Changes

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

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.