Bank of Montreal Can Makes New Investment in REX American Resources Co. (NYSE:REX)

Bank of Montreal Can acquired a new position in REX American Resources Co. (NYSE:REX) in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 8,826 shares of the energy company’s stock, valued at approximately $310,000. Bank of Montreal Can owned 0.05% of REX American Resources at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Captrust Financial Advisors lifted its holdings in REX American Resources by 40.5% in the first quarter. Captrust Financial Advisors now owns 503 shares of the energy company’s stock worth $50,000 after buying an additional 145 shares during the period. Barclays PLC lifted its holdings in shares of REX American Resources by 4.7% during the first quarter. Barclays PLC now owns 7,968 shares of the energy company’s stock valued at $228,000 after purchasing an additional 361 shares during the last quarter. Rhumbline Advisers lifted its holdings in shares of REX American Resources by 2.3% during the second quarter. Rhumbline Advisers now owns 16,398 shares of the energy company’s stock valued at $1,391,000 after purchasing an additional 371 shares during the last quarter. Sei Investments Co. lifted its holdings in shares of REX American Resources by 4.9% during the first quarter. Sei Investments Co. now owns 8,752 shares of the energy company’s stock valued at $250,000 after purchasing an additional 411 shares during the last quarter. Finally, Legal & General Group Plc lifted its holdings in shares of REX American Resources by 1.2% during the fourth quarter. Legal & General Group Plc now owns 37,818 shares of the energy company’s stock valued at $1,205,000 after purchasing an additional 440 shares during the last quarter. 79.55% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on REX shares. StockNews.com started coverage on shares of REX American Resources in a report on Thursday, October 5th. They set a “buy” rating for the company. Truist Financial lifted their target price on shares of REX American Resources from $45.00 to $50.00 and gave the company a “buy” rating in a report on Wednesday, September 20th.

REX American Resources Stock Up 2.1 %

Shares of REX opened at $37.49 on Tuesday. The company has a market capitalization of $656.22 million, a P/E ratio of 25.50 and a beta of 0.92. The firm has a 50 day moving average of $38.17 and a 200 day moving average of $36.10. REX American Resources Co. has a twelve month low of $27.42 and a twelve month high of $41.63.

REX American Resources (NYSE:REX) last announced its quarterly earnings results on Wednesday, August 30th. The energy company reported $0.52 earnings per share for the quarter, missing the consensus estimate of $0.87 by ($0.35). The firm had revenue of $211.98 million for the quarter, compared to the consensus estimate 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 period last year, the business earned $0.63 EPS. On average, sell-side analysts expect that REX American Resources Co. will post 2.54 EPS 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.