Intech Investment Management LLC Takes $213,000 Position in REX American Resources Co. (NYSE:REX)

Intech Investment Management LLC purchased a new position in REX American Resources Co. (NYSE:REX) in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 4,598 shares of the energy company’s stock, valued at approximately $213,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of REX. American Century Companies Inc. grew its stake in shares of REX American Resources by 148.8% in the 2nd quarter. American Century Companies Inc. now owns 268,660 shares of the energy company’s stock valued at $12,248,000 after buying an additional 160,685 shares during the period. AQR Capital Management LLC grew its stake in REX American Resources by 440.6% in the second quarter. AQR Capital Management LLC now owns 86,140 shares of the energy company’s stock valued at $3,927,000 after acquiring an additional 70,207 shares during the period. Victory Capital Management Inc. increased its holdings in shares of REX American Resources by 532.2% during the second quarter. Victory Capital Management Inc. now owns 71,709 shares of the energy company’s stock valued at $3,269,000 after acquiring an additional 60,367 shares in the last quarter. Millennium Management LLC raised its position in shares of REX American Resources by 61.4% during the second quarter. Millennium Management LLC now owns 102,893 shares of the energy company’s stock worth $4,691,000 after purchasing an additional 39,126 shares during the period. Finally, Pinnacle Wealth Management LLC bought a new position in shares of REX American Resources in the 2nd quarter worth $1,293,000. 88.12% of the stock is owned by institutional investors.

REX American Resources Stock Performance

REX stock opened at $40.79 on Friday. The company has a market capitalization of $716.68 million, a P/E ratio of 10.68 and a beta of 0.90. REX American Resources Co. has a 52-week low of $39.39 and a 52-week high of $60.78. The business has a 50-day simple moving average of $45.24 and a two-hundred day simple moving average of $46.02.

REX American Resources (NYSE:REX) last announced its quarterly earnings results on Tuesday, December 3rd. The energy company reported $1.38 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.72 by $0.66. REX American Resources had a return on equity of 11.05% and a net margin of 10.07%. During the same quarter in the prior year, the company earned $1.49 earnings per share. As a group, sell-side analysts forecast that REX American Resources Co. will post 2.6 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Separately, Truist Financial lowered their price objective on shares of REX American Resources from $65.00 to $60.00 and set a “buy” rating on the stock in a report on Tuesday, August 27th.

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.