New York Life Investment Management LLC Lowers Stock Position in REX American Resources Co. (NYSE:REX)

New York Life Investment Management LLC trimmed its holdings in shares of REX American Resources Co. (NYSE:REX) by 2.8% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 12,080 shares of the energy company’s stock after selling 354 shares during the quarter. New York Life Investment Management LLC’s holdings in REX American Resources were worth $571,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of REX. South Dakota Investment Council increased its holdings in shares of REX American Resources by 256.4% in the 4th quarter. South Dakota Investment Council now owns 162,231 shares of the energy company’s stock valued at $7,674,000 after acquiring an additional 116,710 shares during the period. Panagora Asset Management Inc. raised its holdings in REX American Resources by 164.6% in the third quarter. Panagora Asset Management Inc. now owns 105,573 shares of the energy company’s stock worth $4,299,000 after purchasing an additional 65,673 shares in the last quarter. Russell Investments Group Ltd. lifted its position in shares of REX American Resources by 96.3% during the fourth quarter. Russell Investments Group Ltd. now owns 67,858 shares of the energy company’s stock valued at $3,210,000 after buying an additional 33,298 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in shares of REX American Resources by 21.5% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 122,329 shares of the energy company’s stock valued at $4,981,000 after buying an additional 21,627 shares in the last quarter. Finally, ECP ControlCo LLC grew its position in shares of REX American Resources by 8.8% in the 3rd quarter. ECP ControlCo LLC now owns 261,917 shares of the energy company’s stock worth $10,665,000 after buying an additional 21,205 shares during the last quarter. Institutional investors own 88.12% of the company’s stock.

Insider Activity

In related news, CFO Douglas Bruggeman sold 2,000 shares of the firm’s stock in a transaction on Tuesday, April 2nd. The stock was sold at an average price of $59.60, for a total value of $119,200.00. Following the completion of the transaction, the chief financial officer now owns 88,605 shares in the company, valued at approximately $5,280,858. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In other REX American Resources news, insider Stuart A. Rose sold 100,000 shares of the stock in a transaction dated Wednesday, April 3rd. The stock was sold at an average price of $59.42, for a total transaction of $5,942,000.00. Following the sale, the insider now directly owns 1,512,305 shares of the company’s stock, valued at approximately $89,861,163.10. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Douglas Bruggeman sold 2,000 shares of the business’s stock in a transaction dated Tuesday, April 2nd. The shares were sold at an average price of $59.60, for a total value of $119,200.00. Following the completion of the transaction, the chief financial officer now directly owns 88,605 shares of the company’s stock, valued at approximately $5,280,858. The disclosure for this sale can be found here. Insiders have sold 111,984 shares of company stock valued at $6,643,493 over the last ninety days. 11.68% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

A number of research firms recently commented on REX. StockNews.com upgraded shares of REX American Resources from a “hold” rating to a “buy” rating in a research note on Thursday, March 7th. Truist Financial reissued a “buy” rating and issued a $70.00 price objective (up previously from $58.00) on shares of REX American Resources in a research report on Friday, April 12th.

REX American Resources Stock Up 3.0 %

REX opened at $59.53 on Friday. The company has a market cap of $1.04 billion, a P/E ratio of 17.16 and a beta of 1.08. The firm’s 50-day moving average price is $52.24 and its 200-day moving average price is $45.62. REX American Resources Co. has a 52-week low of $28.28 and a 52-week high of $60.78.

REX American Resources (NYSE:REX) last released its earnings results on Thursday, March 28th. The energy company reported $1.16 earnings per share for the quarter, topping the consensus estimate of $0.71 by $0.45. The company had revenue of $187.61 million for the quarter, compared to the consensus estimate of $170.00 million. REX American Resources had a net margin of 7.31% and a return on equity of 11.06%. On average, research analysts anticipate that REX American Resources Co. will post 1.77 EPS for the current fiscal 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, 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.