Victory Capital Management Inc. raised its holdings in REX American Resources Co. (NYSE:REX – Free Report) by 56.5% during the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 9,709 shares of the energy company’s stock after buying an additional 3,504 shares during the quarter. Victory Capital Management Inc. owned about 0.06% of REX American Resources worth $338,000 at the end of the most recent quarter.
A number of other large investors have also recently made changes to their positions in the business. EA Series Trust bought a new stake in shares of REX American Resources in the 2nd quarter worth approximately $1,715,000. Louisiana State Employees Retirement System grew its position in shares of REX American Resources by 12.7% in the 2nd quarter. Louisiana State Employees Retirement System now owns 8,000 shares of the energy company’s stock worth $278,000 after buying an additional 900 shares during the last quarter. Wedge Capital Management L L P NC bought a new stake in shares of REX American Resources in the 2nd quarter worth approximately $951,000. Maryland State Retirement & Pension System bought a new stake in shares of REX American Resources in the 2nd quarter worth approximately $208,000. Finally, Royce & Associates LP boosted its position in shares of REX American Resources by 6.1% during the first quarter. Royce & Associates LP now owns 40,609 shares of the energy company’s stock valued at $1,161,000 after purchasing an additional 2,333 shares in the last quarter. 79.55% of the stock is currently owned by institutional investors.
Wall Street Analyst Weigh In
Several equities research analysts recently weighed in on REX shares. StockNews.com started coverage on REX American Resources in a research report on Thursday, October 5th. They set a “buy” rating on the stock. Truist Financial lifted their price target on REX American Resources from $45.00 to $50.00 and gave the company a “buy” rating in a research report on Wednesday, September 20th.
REX American Resources Stock Up 0.7 %
NYSE REX opened at $38.22 on Friday. REX American Resources Co. has a twelve month low of $27.42 and a twelve month high of $41.63. The firm has a market capitalization of $668.85 million, a PE ratio of 26.00 and a beta of 0.92. The stock’s 50 day moving average is $38.72 and its 200 day moving average is $35.37.
REX American Resources (NYSE:REX – Get Free Report) last announced its quarterly earnings data on Wednesday, August 30th. The energy company reported $0.52 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.87 by ($0.35). The company had revenue of $211.98 million for the quarter, compared to analysts’ expectations of $186.00 million. REX American Resources had a net margin of 3.03% and a return on equity of 4.97%. During the same quarter in the previous year, the firm posted $0.63 EPS. On average, research analysts anticipate that REX American Resources Co. will post 2.54 earnings per share for the current year.
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, non-food grade corn oil, gasoline, and natural gas. In addition, it provides dry distillers grains with solubles, which is used as a protein in animal feed.
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