REX American Resources Co. (NYSE:REX) Shares Sold by Strs Ohio

Strs Ohio decreased its position in shares of REX American Resources Co. (NYSE:REX) by 5.1% during the fourth quarter, Holdings Channel.com reports. The firm owned 14,800 shares of the energy company’s stock after selling 800 shares during the period. Strs Ohio’s holdings in REX American Resources were worth $700,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Allspring Global Investments Holdings LLC grew its stake in shares of REX American Resources by 84.5% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 893 shares of the energy company’s stock worth $36,000 after purchasing an additional 409 shares during the period. New York State Teachers Retirement System grew its stake in shares of REX American Resources by 18.0% during the 4th quarter. New York State Teachers Retirement System now owns 7,615 shares of the energy company’s stock worth $360,000 after purchasing an additional 1,161 shares during the period. New York State Common Retirement Fund grew its stake in shares of REX American Resources by 16.8% during the 3rd quarter. New York State Common Retirement Fund now owns 9,725 shares of the energy company’s stock worth $396,000 after purchasing an additional 1,400 shares during the period. Versor Investments LP grew its stake in shares of REX American Resources by 29.6% during the 3rd quarter. Versor Investments LP now owns 10,456 shares of the energy company’s stock worth $426,000 after purchasing an additional 2,390 shares during the period. Finally, Healthcare of Ontario Pension Plan Trust Fund grew its stake in shares of REX American Resources by 12.9% during the 3rd quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 21,130 shares of the energy company’s stock worth $860,000 after purchasing an additional 2,409 shares during the period. Institutional investors and hedge funds own 88.12% of the company’s stock.

Insiders Place Their Bets

In other REX American Resources news, CFO Douglas Bruggeman sold 2,000 shares of REX American Resources stock in a transaction on Tuesday, April 2nd. The shares were sold at an average price of $59.60, for a total transaction of $119,200.00. Following the sale, the chief financial officer now owns 88,605 shares of the company’s stock, valued at approximately $5,280,858. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In other REX American Resources news, CFO Douglas Bruggeman sold 2,000 shares of REX American Resources stock in a transaction on Tuesday, April 2nd. The shares were sold at an average price of $59.60, for a total transaction of $119,200.00. Following the sale, the chief financial officer now owns 88,605 shares of the company’s stock, valued at approximately $5,280,858. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Stuart A. Rose sold 100,000 shares of REX American Resources stock in a transaction on Wednesday, April 3rd. The stock was sold at an average price of $59.42, for a total transaction of $5,942,000.00. Following the sale, the insider now directly owns 1,512,305 shares in the company, valued at approximately $89,861,163.10. The disclosure for this sale can be found here. Insiders have sold a total of 111,984 shares of company stock valued at $6,643,493 in the last 90 days. 12.20% of the stock is owned by insiders.

REX American Resources Stock Performance

REX American Resources stock opened at $56.22 on Friday. The company’s fifty day moving average price is $49.27 and its 200 day moving average price is $44.19. REX American Resources Co. has a 1 year low of $27.47 and a 1 year high of $60.78. The stock has a market capitalization of $983.85 million, a P/E ratio of 16.20 and a beta of 1.07.

REX American Resources (NYSE:REX) last released its quarterly earnings results on Thursday, March 28th. The energy company reported $1.16 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.71 by $0.45. REX American Resources had a net margin of 7.31% and a return on equity of 11.06%. The firm had revenue of $187.61 million for the quarter, compared to analysts’ expectations of $170.00 million. Sell-side analysts predict that REX American Resources Co. will post 1.77 EPS for the current year.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on the stock. StockNews.com raised shares of REX American Resources from a “hold” rating to a “buy” rating in a research note on Thursday, March 7th. Truist Financial reissued a “buy” rating and issued a $70.00 price target (up previously from $58.00) on shares of REX American Resources in a research note on Friday, April 12th.

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, non-food grade corn oil, gasoline, and natural gas. In addition, it provides dry distillers grains with solubles, which is used as a protein in animal feed.