Creative Planning Sells 2,117 Shares of REX American Resources Co. (NYSE:REX)

Creative Planning decreased its position in REX American Resources Co. (NYSE:REX) by 26.4% during the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 5,901 shares of the energy company’s stock after selling 2,117 shares during the quarter. Creative Planning’s holdings in REX American Resources were worth $273,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Allspring Global Investments Holdings LLC raised its stake in shares of REX American Resources by 163.0% in the first quarter. Allspring Global Investments Holdings LLC now owns 2,554 shares of the energy company’s stock worth $150,000 after buying an additional 1,583 shares during the period. Empowered Funds LLC raised its stake in shares of REX American Resources by 8.0% in the first quarter. Empowered Funds LLC now owns 63,443 shares of the energy company’s stock worth $3,725,000 after buying an additional 4,725 shares during the period. SG Americas Securities LLC bought a new position in shares of REX American Resources in the first quarter worth about $139,000. ClariVest Asset Management LLC raised its stake in shares of REX American Resources by 38,322.2% in the first quarter. ClariVest Asset Management LLC now owns 10,374 shares of the energy company’s stock worth $609,000 after buying an additional 10,347 shares during the period. Finally, Sei Investments Co. raised its stake in shares of REX American Resources by 226.9% in the first quarter. Sei Investments Co. now owns 14,034 shares of the energy company’s stock worth $824,000 after buying an additional 9,741 shares during the period. Institutional investors own 88.12% of the company’s stock.

Analysts Set New Price Targets

Separately, Truist Financial cut their target price on REX American Resources from $65.00 to $60.00 and set a “buy” rating for the company in a research report on Tuesday, August 27th.

REX American Resources Price Performance

NYSE REX opened at $48.50 on Friday. The stock has a market capitalization of $852.15 million, a PE ratio of 12.34 and a beta of 0.94. The business has a 50 day simple moving average of $45.19 and a two-hundred day simple moving average of $47.70. REX American Resources Co. has a 1-year low of $35.73 and a 1-year high of $60.78.

REX American Resources (NYSE:REX) last released its quarterly earnings results on Tuesday, August 27th. The energy company reported $0.70 earnings per share for the quarter, beating the consensus estimate of $0.44 by $0.26. The business had revenue of $148.16 million during the quarter, compared to analysts’ expectations of $146.00 million. REX American Resources had a return on equity of 11.69% and a net margin of 9.64%. During the same quarter last year, the business posted $0.52 EPS. On average, analysts anticipate that REX American Resources Co. will post 2.6 EPS for the current fiscal year.

REX American Resources Profile

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.