REX American Resources Co. (NYSE:REX) Shares Acquired by Fmr LLC

Fmr LLC lifted its position in REX American Resources Co. (NYSE:REX) by 34.8% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 2,345 shares of the energy company’s stock after purchasing an additional 605 shares during the quarter. Fmr LLC’s holdings in REX American Resources were worth $109,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in the company. The Manufacturers Life Insurance Company raised its position in shares of REX American Resources by 3.9% in the second quarter. The Manufacturers Life Insurance Company now owns 6,134 shares of the energy company’s stock valued at $280,000 after buying an additional 231 shares during the last quarter. Principal Financial Group Inc. grew its holdings in REX American Resources by 0.6% in the 3rd quarter. Principal Financial Group Inc. now owns 78,632 shares of the energy company’s stock valued at $3,640,000 after buying an additional 432 shares during the period. Hsbc Holdings PLC grew its holdings in REX American Resources by 8.1% in the 2nd quarter. Hsbc Holdings PLC now owns 9,465 shares of the energy company’s stock valued at $429,000 after buying an additional 707 shares during the period. Creative Planning increased its stake in shares of REX American Resources by 12.9% during the 2nd quarter. Creative Planning now owns 8,018 shares of the energy company’s stock valued at $366,000 after acquiring an additional 913 shares during the last quarter. Finally, TD Asset Management Inc lifted its holdings in shares of REX American Resources by 4.9% during the 2nd quarter. TD Asset Management Inc now owns 28,000 shares of the energy company’s stock worth $1,277,000 after acquiring an additional 1,300 shares during the period. Hedge funds and other institutional investors own 88.12% of the company’s stock.

REX American Resources Stock Performance

REX opened at $41.18 on Tuesday. The company has a market capitalization of $723.41 million, a P/E ratio of 10.78 and a beta of 0.90. The company has a 50-day moving average of $44.12 and a 200-day moving average of $45.04. REX American Resources Co. has a 1-year low of $39.02 and a 1-year high of $60.78.

REX American Resources (NYSE:REX) last announced its quarterly earnings data on Tuesday, December 3rd. The energy company reported $1.38 earnings per share for the quarter, beating analysts’ consensus estimates of $0.72 by $0.66. REX American Resources had a net margin of 10.07% and a return on equity of 11.05%. During the same quarter in the prior year, the firm posted $1.49 earnings per share. As a group, sell-side analysts expect that REX American Resources Co. will post 3.03 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Separately, Truist Financial dropped their price target on REX American Resources from $60.00 to $55.00 and set a “buy” rating for the company in a research note on Monday, December 9th.

REX American Resources Company 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.