Cubist Systematic Strategies LLC Purchases Shares of 11,989 REX American Resources Co. (NYSE:REX)

Cubist Systematic Strategies LLC bought a new position in shares of REX American Resources Co. (NYSE:REX - Free Report) during the 4th quarter, according to its most recent 13F filing with the SEC. The firm bought 11,989 shares of the energy company's stock, valued at approximately $500,000. Cubist Systematic Strategies LLC owned 0.07% of REX American Resources as of its most recent filing with the SEC.

A number of other institutional investors have also recently bought and sold shares of REX. Barclays PLC boosted its stake in REX American Resources by 87.3% in the 3rd quarter. Barclays PLC now owns 42,855 shares of the energy company's stock worth $1,983,000 after purchasing an additional 19,977 shares during the period. Wedge Capital Management L L P NC lifted its position in shares of REX American Resources by 12.6% in the fourth quarter. Wedge Capital Management L L P NC now owns 24,997 shares of the energy company's stock worth $1,042,000 after purchasing an additional 2,803 shares in the last quarter. Ballentine Partners LLC bought a new stake in shares of REX American Resources in the fourth quarter worth $232,000. SG Americas Securities LLC boosted 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 purchasing an additional 1,506 shares during the last quarter. Finally, Exchange Traded Concepts LLC grew its position in REX American Resources by 5.5% in the fourth quarter. Exchange Traded Concepts LLC now owns 24,210 shares of the energy company's stock valued at $1,009,000 after purchasing an additional 1,272 shares in the last quarter. Institutional investors own 88.12% of the company's stock.

REX American Resources Stock Down 2.6%

Shares of NYSE:REX traded down $1.09 during midday trading on Wednesday, hitting $41.46. The stock had a trading volume of 7,085 shares, compared to its average volume of 146,633. The business's 50-day simple moving average is $39.10 and its 200-day simple moving average is $41.06. REX American Resources Co. has a 12 month low of $33.45 and a 12 month high of $59.91. The company has a market cap of $688.82 million, a P/E ratio of 10.87 and a beta of 0.51.

REX American Resources (NYSE:REX - Get Free Report) last released 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. 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 analyst estimates of $163.00 million. During the same period in the previous year, the business earned $1.16 EPS. As a group, equities analysts predict that REX American Resources Co. will post 2.93 earnings per share for the current year.

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

Analyst Ratings Changes

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

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, 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.