REX American Resources Corporation $REX Position Lifted by Intech Investment Management LLC

Intech Investment Management LLC raised its stake in REX American Resources Corporation (NYSE:REX) by 100.9% in the 3rd quarter, according to its most recent filing with the SEC. The fund owned 28,256 shares of the energy company’s stock after purchasing an additional 14,188 shares during the period. Intech Investment Management LLC owned 0.09% of REX American Resources worth $865,000 as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of the stock. US Bancorp DE increased its stake in REX American Resources by 100.0% during the third quarter. US Bancorp DE now owns 2,680 shares of the energy company’s stock valued at $82,000 after purchasing an additional 1,340 shares during the last quarter. Ameritas Investment Partners Inc. raised its position in REX American Resources by 59.2% in the third quarter. Ameritas Investment Partners Inc. now owns 2,476 shares of the energy company’s stock worth $76,000 after acquiring an additional 921 shares in the last quarter. GSA Capital Partners LLP boosted its stake in shares of REX American Resources by 25.7% during the 3rd quarter. GSA Capital Partners LLP now owns 17,521 shares of the energy company’s stock worth $536,000 after acquiring an additional 3,586 shares in the last quarter. Vanguard Group Inc. increased its position in shares of REX American Resources by 101.0% in the third quarter. Vanguard Group Inc. now owns 2,436,632 shares of the energy company’s stock worth $74,610,000 after acquiring an additional 1,224,274 shares in the last quarter. Finally, JPMorgan Chase & Co. raised its position in REX American Resources by 80.5% during the third quarter. JPMorgan Chase & Co. now owns 172,612 shares of the energy company’s stock valued at $5,285,000 after buying an additional 77,004 shares during the period. Institutional investors and hedge funds own 88.12% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on REX shares. Wall Street Zen upgraded REX American Resources from a “hold” rating to a “buy” rating in a report on Saturday, December 6th. Weiss Ratings upgraded REX American Resources from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Monday, March 2nd. Two research analysts have rated the stock with a Buy rating, According to data from MarketBeat, the company presently has a consensus rating of “Buy” and an average target price of $25.00.

REX American Resources Stock Performance

Shares of REX opened at $37.40 on Monday. REX American Resources Corporation has a 52 week low of $16.73 and a 52 week high of $37.83. The business’s fifty day moving average price is $34.08 and its two-hundred day moving average price is $32.73. The firm has a market capitalization of $1.23 billion, a price-to-earnings ratio of 25.02 and a beta of 0.73.

REX American Resources (NYSE:REX) last posted its quarterly earnings results on Thursday, December 4th. The energy company reported $0.71 earnings per share for the quarter, topping analysts’ consensus estimates of $0.26 by $0.45. The business had revenue of $175.63 million during the quarter, compared to the consensus estimate of $169.00 million. REX American Resources had a net margin of 7.73% and a return on equity of 7.89%. During the same period in the previous year, the firm posted $1.38 earnings per share. As a group, research analysts forecast that REX American Resources Corporation will post 2.93 EPS for the current year.

REX American Resources Profile

REX American Resources Corp. is a diversified agribusiness and renewable energy company headquartered in Kansas City, Missouri. Founded in 2005 through a reorganization of existing agricultural interests, the company focuses on two primary business segments: fuel ethanol production and specialty ingredient solutions. REX American Resources leverages its integrated operations to supply clean-burning fuel, animal feed co-products and sweetener ingredients to a broad customer base in North America and beyond.

In its alcohol fuels segment, the company operates an anhydrous ethanol production facility in Colwich, Kansas.