REX American Resources’ (REX) “Buy” Rating Reaffirmed at Truist Financial

Truist Financial reaffirmed their buy rating on shares of REX American Resources (NYSE:REXFree Report) in a report issued on Monday, Benzinga reports. The brokerage currently has a $58.00 price target on the energy company’s stock.

Separately, StockNews.com upgraded shares of REX American Resources from a hold rating to a buy rating in a research report on Thursday, March 7th.

Check Out Our Latest Report on REX American Resources

REX American Resources Price Performance

REX stock opened at $58.81 on Monday. The company has a 50 day simple moving average of $44.20 and a 200 day simple moving average of $42.11. The stock has a market cap of $1.03 billion, a price-to-earnings ratio of 16.95 and a beta of 1.07. REX American Resources has a 1 year low of $27.47 and a 1 year high of $60.32.

Hedge Funds Weigh In On REX American Resources

Several institutional investors and hedge funds have recently added to or reduced their stakes in REX. BlackRock Inc. increased its position in REX American Resources by 194.4% in the 3rd quarter. BlackRock Inc. now owns 2,690,593 shares of the energy company’s stock valued at $75,121,000 after acquiring an additional 1,776,751 shares during the period. Vanguard Group Inc. increased its position in REX American Resources by 196.5% in the 3rd quarter. Vanguard Group Inc. now owns 1,235,009 shares of the energy company’s stock valued at $34,482,000 after acquiring an additional 818,479 shares during the period. State Street Corp increased its position in REX American Resources by 180.4% in the 3rd quarter. State Street Corp now owns 854,961 shares of the energy company’s stock valued at $23,871,000 after acquiring an additional 550,029 shares during the period. AWH Capital L.P. acquired a new position in REX American Resources in the 1st quarter valued at approximately $4,875,000. Finally, Brightline Capital Management LLC acquired a new stake in shares of REX American Resources during the fourth quarter worth $7,946,000. 88.12% of the stock is currently owned by institutional investors and hedge funds.

REX American Resources Company Profile

(Get Free Report)

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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