Alliancebernstein L.P. Decreases Stake in REX American Resources Co. (NYSE:REX)

Alliancebernstein L.P. trimmed its holdings in shares of REX American Resources Co. (NYSE:REX - Free Report) by 25.1% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 23,820 shares of the energy company's stock after selling 7,965 shares during the period. Alliancebernstein L.P. owned approximately 0.14% of REX American Resources worth $993,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also modified their holdings of the stock. AlphaQuest LLC bought a new stake in REX American Resources during the 4th quarter worth approximately $46,000. FMR LLC increased its stake in REX American Resources by 34.8% in the third quarter. FMR LLC now owns 2,345 shares of the energy company's stock valued at $109,000 after purchasing an additional 605 shares in the last quarter. Diversified Trust Co increased its position in REX American Resources by 12.5% in the 4th quarter. Diversified Trust Co now owns 5,471 shares of the energy company's stock valued at $228,000 after buying an additional 610 shares in the last quarter. Ballentine Partners LLC bought a new stake in shares of REX American Resources during the fourth quarter valued at approximately $232,000. Finally, SG Americas Securities LLC raised its holdings in REX American Resources by 36.1% during the fourth quarter. SG Americas Securities LLC now owns 5,682 shares of the energy company's stock worth $237,000 after buying an additional 1,506 shares during the last quarter. Institutional investors own 88.12% of the company's stock.

REX American Resources Price Performance

REX stock traded up $0.35 during trading on Thursday, reaching $40.42. The company had a trading volume of 12,154 shares, compared to its average volume of 155,210. The business has a 50 day moving average of $38.29 and a 200 day moving average of $41.64. The company has a market cap of $687.67 million, a P/E ratio of 10.58 and a beta of 0.69. REX American Resources Co. has a 52 week low of $33.45 and a 52 week high of $60.41.

REX American Resources (NYSE:REX - Get Free Report) last announced its earnings results on Wednesday, March 26th. The energy company reported $0.63 EPS for the quarter, beating analysts' consensus estimates of $0.27 by $0.36. REX American Resources had a net margin of 10.07% and a return on equity of 11.05%. The firm had revenue of $158.23 million for the quarter, compared to analysts' expectations of $163.00 million. During the same quarter in the previous year, the business posted $1.16 EPS. Research analysts expect that REX American Resources Co. will post 2.93 earnings per share for the current year.

REX American Resources announced that its Board of Directors has authorized a share repurchase program on Wednesday, March 26th that authorizes the company to buyback 1,500,000 shares. This buyback authorization authorizes the energy company to repurchase shares of its stock through open market purchases. Stock buyback programs are generally a sign that the company's board of directors believes its stock is undervalued.

Analyst Ratings Changes

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 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.