Northern Trust Corp Buys 2,882 Shares of REX American Resources Co. (NYSE:REX)

Northern Trust Corp lifted its position in REX American Resources Co. (NYSE:REX) by 1.3% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 231,773 shares of the energy company’s stock after purchasing an additional 2,882 shares during the quarter. Northern Trust Corp owned 1.32% of REX American Resources worth $9,663,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in the company. Hsbc Holdings PLC boosted its position in REX American Resources by 33.8% in the fourth quarter. Hsbc Holdings PLC now owns 13,354 shares of the energy company’s stock valued at $559,000 after buying an additional 3,377 shares in the last quarter. First Trust Advisors LP bought a new stake in REX American Resources during the 4th quarter worth approximately $244,000. XTX Topco Ltd acquired a new stake in REX American Resources during the 4th quarter valued at $605,000. Barclays PLC raised its position in REX American Resources by 14.5% in the 4th quarter. Barclays PLC now owns 49,089 shares of the energy company’s stock valued at $2,048,000 after purchasing an additional 6,234 shares during the last quarter. Finally, Renaissance Technologies LLC boosted its stake 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 worth $36,521,000 after purchasing an additional 21,488 shares in the last quarter. Institutional investors own 88.12% of the company’s stock.

REX American Resources Trading Up 0.2%

Shares of NYSE REX opened at $42.68 on Friday. REX American Resources Co. has a 1-year low of $33.45 and a 1-year high of $59.91. The company has a 50-day moving average of $38.85 and a two-hundred day moving average of $41.09. The company has a market cap of $709.24 million, a PE ratio of 11.17 and a beta of 0.51.

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

REX American Resources declared that its board has initiated a stock repurchase plan on Wednesday, March 26th that permits the company to repurchase 1,500,000 outstanding shares. This repurchase authorization permits the energy company to reacquire shares of its stock through open market purchases. Stock repurchase plans are typically an indication that the company’s leadership believes its shares are undervalued.

Analysts Set New Price Targets

Separately, Truist Financial restated 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.

About REX American Resources

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.