41,584 Shares in REX American Resources Co. (NYSE:REX) Acquired by Jane Street Group LLC

Jane Street Group LLC purchased a new position in shares of REX American Resources Co. (NYSE:REX) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 41,584 shares of the energy company’s stock, valued at approximately $1,734,000. Jane Street Group LLC owned approximately 0.24% of REX American Resources as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. AlphaQuest LLC acquired a new position in REX American Resources during the 4th quarter worth approximately $46,000. Ballentine Partners LLC acquired a new position in REX American Resources during the 4th quarter worth approximately $232,000. SG Americas Securities LLC lifted its position in REX American Resources by 36.1% during 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. First Trust Advisors LP acquired a new position in REX American Resources during the 4th quarter worth approximately $244,000. Finally, Ieq Capital LLC acquired a new position in REX American Resources during the 4th quarter worth approximately $257,000. 88.12% of the stock is owned by institutional investors and hedge funds.

REX American Resources Stock Up 0.2%

Shares of REX opened at $42.68 on Friday. The business’s 50 day moving average is $38.85 and its two-hundred day moving average is $41.09. REX American Resources Co. has a 52-week low of $33.45 and a 52-week high of $59.91. The firm has a market cap of $709.24 million, a price-to-earnings ratio of 11.17 and a beta of 0.51.

REX American Resources (NYSE:REX) last announced its earnings results on Wednesday, March 26th. The energy company reported $0.63 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.27 by $0.36. REX American Resources had a return on equity of 11.05% and a net margin of 10.07%. The company had revenue of $158.23 million for the quarter, compared to analyst estimates of $163.00 million. During the same period in the prior year, the company posted $1.16 EPS. On average, equities 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 of Directors has authorized a share buyback plan on Wednesday, March 26th that permits the company to repurchase 1,500,000 shares. This repurchase authorization permits the energy company to purchase shares of its stock through open market purchases. Stock repurchase plans are generally a sign that the company’s management believes its shares are undervalued.

Analysts Set New Price Targets

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 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.