Brown Advisory Inc. Acquires 60,600 Shares of REX American Resources Co. (NYSE:REX)

Brown Advisory Inc. lifted its stake in shares of REX American Resources Co. (NYSE:REX - Free Report) by 9.7% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 682,563 shares of the energy company's stock after acquiring an additional 60,600 shares during the period. Brown Advisory Inc. owned 3.88% of REX American Resources worth $28,456,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of REX. AlphaQuest LLC bought a new stake in REX American Resources in the 4th quarter valued at about $46,000. Diversified Trust Co increased its stake in REX American Resources by 12.5% during the 4th quarter. Diversified Trust Co now owns 5,471 shares of the energy company's stock valued at $228,000 after purchasing an additional 610 shares in the last quarter. Ballentine Partners LLC acquired a new position in REX American Resources during the fourth quarter worth $232,000. SG Americas Securities LLC raised its holdings in shares of REX American Resources by 36.1% in 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 during the last quarter. Finally, First Trust Advisors LP bought a new position in REX American Resources in the 4th quarter valued at about $244,000. 88.12% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Separately, Truist Financial reiterated a "buy" rating and set a $50.00 price target (down previously from $55.00) on shares of REX American Resources in a report on Thursday, March 27th.

REX American Resources Stock Down 0.5 %

REX American Resources stock opened at $40.36 on Tuesday. The stock has a market cap of $670.65 million, a P/E ratio of 10.57 and a beta of 0.51. The company's 50 day moving average price is $38.10 and its two-hundred day moving average price is $41.28. 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 issued its quarterly earnings results on Wednesday, March 26th. The energy company reported $0.63 earnings per share for the quarter, topping 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 company had revenue of $158.23 million for the quarter, compared to the consensus estimate of $163.00 million. During the same period in the previous year, the firm earned $1.16 EPS. On average, equities analysts anticipate that REX American Resources Co. will post 2.93 EPS for the current year.

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

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.

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