Cerity Partners LLC Acquires 3,580 Shares of REX American Resources Co. (NYSE:REX)

Cerity Partners LLC raised its holdings in REX American Resources Co. (NYSE:REX) by 35.1% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 13,770 shares of the energy company’s stock after buying an additional 3,580 shares during the period. Cerity Partners LLC owned about 0.08% of REX American Resources worth $582,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently made changes to their positions in the business. AlphaQuest LLC acquired a new position in REX American Resources during the 4th quarter valued at about $46,000. FMR LLC raised its position in REX American Resources by 34.8% in the 3rd quarter. FMR LLC now owns 2,345 shares of the energy company’s stock valued at $109,000 after buying an additional 605 shares during the last quarter. Diversified Trust Co lifted its stake in REX American Resources by 12.5% during the 4th quarter. Diversified Trust Co now owns 5,471 shares of the energy company’s stock valued at $228,000 after acquiring an additional 610 shares in the last quarter. Ballentine Partners LLC bought a new position in REX American Resources during the 4th quarter valued at $232,000. Finally, SG Americas Securities LLC grew its stake in shares of REX American Resources by 36.1% in the 4th quarter. SG Americas Securities LLC now owns 5,682 shares of the energy company’s stock worth $237,000 after acquiring an additional 1,506 shares in the last quarter. 88.12% of the stock is owned by institutional investors.

REX American Resources Trading Up 1.1 %

REX stock opened at $40.00 on Monday. REX American Resources Co. has a 1-year low of $33.45 and a 1-year high of $60.41. The stock has a market cap of $680.54 million, a P/E ratio of 10.47 and a beta of 0.69. The stock’s fifty day simple moving average is $38.43 and its two-hundred day simple moving average is $41.70.

REX American Resources (NYSE:REX) last posted its quarterly earnings data on Wednesday, March 26th. The energy company reported $0.63 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.27 by $0.36. REX American Resources had a net margin of 10.07% and a return on equity of 11.05%. The business had revenue of $158.23 million during the quarter, compared to the consensus estimate of $163.00 million. During the same quarter last year, the company posted $1.16 earnings per share. As a group, analysts forecast that REX American Resources Co. will post 2.93 earnings per share for the current fiscal year.

REX American Resources declared that its Board of Directors has approved a share repurchase plan on Wednesday, March 26th that permits the company to buyback 1,500,000 outstanding shares. This buyback authorization permits the energy company to reacquire shares of its stock through open market purchases. Shares buyback plans are often a sign that the company’s board of directors believes its shares are undervalued.

Analyst Upgrades and Downgrades

Separately, Truist Financial reissued a “buy” rating and set a $50.00 price target (down from $55.00) on shares of REX American Resources in a research report on Thursday, March 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.