First Trust Advisors LP Invests $244,000 in REX American Resources Co. (NYSE:REX)

First Trust Advisors LP acquired a new stake in REX American Resources Co. (NYSE:REX) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 5,860 shares of the energy company’s stock, valued at approximately $244,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Vanguard Group Inc. raised its stake in REX American Resources by 0.4% during the 4th quarter. Vanguard Group Inc. now owns 1,304,619 shares of the energy company’s stock worth $54,390,000 after acquiring an additional 5,149 shares in the last quarter. Renaissance Technologies LLC lifted its holdings in REX American Resources by 2.5% in the fourth quarter. Renaissance Technologies LLC now owns 876,003 shares of the energy company’s stock valued at $36,521,000 after acquiring an additional 21,488 shares during the period. American Century Companies Inc. lifted its position in shares of REX American Resources by 14.1% during the 4th quarter. American Century Companies Inc. now owns 421,621 shares of the energy company’s stock valued at $17,577,000 after acquiring an additional 51,945 shares during the period. Geode Capital Management LLC boosted its position in REX American Resources by 0.8% during the fourth quarter. Geode Capital Management LLC now owns 368,638 shares of the energy company’s stock worth $15,372,000 after purchasing an additional 2,858 shares in the last quarter. Finally, JPMorgan Chase & Co. grew its stake in REX American Resources by 19.0% in the 4th quarter. JPMorgan Chase & Co. now owns 123,419 shares of the energy company’s stock valued at $5,145,000 after acquiring an additional 19,686 shares during the last quarter. Hedge funds and other institutional investors own 88.12% of the company’s stock.

Wall Street Analyst Weigh In

Separately, Truist Financial reaffirmed a “buy” rating and issued a $50.00 target price (down from $55.00) on shares of REX American Resources in a research note on Thursday, March 27th.

REX American Resources Stock Performance

REX opened at $41.16 on Friday. The company has a market capitalization of $683.91 million, a P/E ratio of 10.77 and a beta of 0.51. REX American Resources Co. has a 1-year low of $33.45 and a 1-year high of $60.09. The company has a 50-day moving average of $38.29 and a 200-day moving average of $41.18.

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

REX American Resources announced that its board has initiated a share buyback plan on Wednesday, March 26th that allows the company to repurchase 1,500,000 shares. This repurchase authorization allows the energy company to buy shares of its stock through open market purchases. Stock repurchase plans are usually a sign that the company’s leadership believes its shares are undervalued.

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.